Hartman Cashes in on Main Street Property

(posted 10.16.11)

Speedway Town Councilor Jeff Hartman and Corey Wray sold their property at 1346 Main Street to Phindigo LLC on January 20, 2011 for $175,000. Hartman and his partners purchased the property in September of 2005 for $60,000. The property was listed for sale at $109,900 in November 2006 according to the multiple listing service. The listing expired in 2007.

According to the Secretary of State's website, Phindigo LLC was formed on the same day as the sale. Sain Ozdemir is listed as the agent for the limited liability company. Keystone Construction lists a Mr. Sain Ozdemir as Executive Vice President & CFO.

Phindigo LLC sold the property to the Speedway Redevelopment Commission on May 9 for $185,000. The commission placed the property on an acquisition list in June 2007 for $100,000. The assessed values of the three parcels that make up the property total $35,700.