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Real Estate Update: Physician’s Office on East McNeil Sold to Bank

by Ivy

Recent real estate transactions in Columbia County from September 30 to October 11, 2024, highlight a variety of sales, including one commercial property, one land sale, and five residential properties, all valued at $100,000 or more. These details are sourced from public records maintained by the Columbia County Circuit Clerk, County Assessor, and the Arkansas Secretary of State.

One notable transaction involved a physician’s office located at 306 E. McNeil St. in Magnolia, which sold for $190,000 on September 30. The property, encompassing a 2,036 square-foot building and 0.586 acres, was previously the office of pediatrician Dr. Amy Cross. Dr. Cross and Charles Cross transferred ownership to The Peoples Bank. There is no available information regarding a mortgage associated with this sale. The property was acquired by Amy Carol Albin on July 13, 2007, through a quitclaim deed from Antoine Albin’s interests. Subsequently, Dr. Cross and Charles Cross conveyed the property back to Dr. Amy Cross on August 3, 2017, via a warranty deed.

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In another transaction, a 1,992 square-foot home situated on Hwy. 371 North in Waldo sold for $170,000 on October 4. The property was sold by Lisa Ann Hurley and Cheryl Lynne Babb, successor trustees of the Peggy Miner Trust, to Gerid and Lauren Ardwin. The Ardwins financed the purchase with a $90,000 mortgage from Rocket Mortgage, LLC, based in Detroit, Michigan. This property had been conveyed to the Peggy Miner Trust by warranty deed from Peggy Miner on November 23, 2015.

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A 1,860 square-foot townhouse on Sunset Boulevard in Magnolia changed ownership on October 2 for $205,000. Steven William Smith, trustee of the Steven William Smith Living Trust, sold the property to Pharr Construction, Inc. No mortgage details were recorded for this transaction. Smith had purchased the townhouse on January 2, 2002, for $145,000 from Ronnie and Cammie Hambrice, as per a warranty deed. The property later transferred to Annihans LLC by quitclaim deed on December 17, 2002, before being conveyed back to the Steven William Smith Revocable Trust on March 23, 2022.

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A land sale on October 4 along Hwy. 371 South in Magnolia yielded $110,000 for 24.79 acres. The sellers—Claire Elaine DeRamus, Alan DeRamus, Greg Williams, Donna Williams, Gwen Sparks, and John Sparks—sold the property to Kelli Ann Barton, trustee of the Barton Family Living Trust. No mortgage information was available for this transaction. The land had been originally conveyed to Karen Ann Williams and Claire Elaine DeRamus by warranty deed from Alton B. and Johnnie Mae Fomby on July 30, 1987.

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Additionally, a 1,112 square-foot residence on Hwy. 82 East in Magnolia was sold on October 9 for $127,500. The sellers, Jackson and Hannah Sheesley, transferred ownership to Rachel Stamper. No mortgage information was recorded. The Sheesleys acquired this property on July 27, 2022, for $103,000 from the Jack Duane Long Living Trust via a warranty deed.

A 2,165 square-foot home on LaCari Street in Magnolia was sold for $170,000 on October 4. The property was sold by Calum and Olivia Graham to Jackson and Hannah Sheesley, with no mortgage details available. The Grahams purchased the home on July 15, 2021, for $169,900 from Ree-Mag Investments, LLC, as per a warranty deed.

Lastly, a 2,443 square-foot residence on Burnett Circle in Magnolia sold for $205,000 on October 11. This property was sold by Brett and Amy Miller to Kendra and Mahbub Ahmed, financed by a $50,000 mortgage from Navy Federal Credit Union in Vienna, Virginia. The Millers had purchased the home on January 30, 2009, for $145,000 from Charles and Holly Shields via a warranty deed.

These transactions reflect ongoing activity in the Columbia County real estate market, illustrating a mix of commercial and residential investments.

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