Ramakrishna Kothapeta bought a four-bedroom, 3.5-bath home at 908 Encorvado St. in Las Vegas from Ian Staller for $257,500 on Dec. 10.

Staller paid $560,000 for the property in Sept. 2005. The 2,424-square-foot home in Summerlin North was built in 2006.

Kothapeta is an Oracle consultant at Southwest Gas Corporation, an investor-owned utility based in Las Vegas that provides natural gas service. He is also a senior software engineer at Webilent.

He previously worked as an Oracle consultant at Wellington Management and at Hartford Investment Management. Prior to that, he worked in project management at Wipro BPO, GE IBC and Quest Syscon International.

He attended Osmania University.

Staller is a CFO at SWS, a securities and banking company.

According to BlockShopper.com, there have been 22,589 home sales in Las Vegas during the past 12 months, with a median sales price of $110,000.

Address: 908 Encorvado Street
Buyer(s): Ramakrishna Kothapeta
Seller(s): Ian Staller
Sale date: Dec. 10, 2010