We Sell Farm & Ranch Real Estate...Differently

2002 Case Studies

HPAW DRYLAND AUCTION - 185 ac +/- dryland located in Phillips County. The auction was held on December 11, 2002, at the Community First Bank in Holyoke, CO.  The seller was investor who leased the property to a tenant.  The property was offered as 1 parcel with a minimum bid of $79,000 and sold for $112,000. The buyer was investor who purchased to have family member lease the property.  27 auction attendees with 8 registered bidders.  42 days from signing of listing contract to closing.

 

WALTER AHNSTEDT ESTATE LAND AUCTION - 480 ac +/- dryland, CRP, & grass located in Phillips County. The auction was held on December 10, 2002, at the Haxtun Community Center in Haxtun, CO.    The seller was an estate.  The property was offered in 3 parcels with a minimum bid of $164,000 and sold for $200,000 in 3 separate parcels. One buyer as an owner operator, one buyer was a estate heir who would lease to current tenant, and one buyer was a CRP investor who was going to possibly build a house on the pasture. 37 auction attendees with 8 registered bidders.  46 days from signing of listing contract to closing.

 

SCHMIDT PASTURE/CRP AUCTION - 360 ac +/- pasture & CRP located in Washington County.  The auction was held on March 20, 2002, at the Washington County Event Center in Akron, CO.  The co-owners of the property were a trust and elderly spouse.  The property was offered as 1 parcel with a minimum bid of $66,000 and sold for $117,500. The buyer was an adjoining property owner operator.  24 auction attendees with 7 registered bidders. 78 days from signing of listing contract to closing.

 

HASKELL COUNTY FARMS AUCTION - 3,072 ac +/- 13 pivots with improvements located in Haskell County, KS. The auction was held on February 26, 2002, at the Plaza Inn/Hotel in Garden City, KS.    The seller was an owner operator.  The property was offered in 7 parcels, 3 combinations, and as a single unit with a minimum bid of $2,650,000 and sold as a single unit for $3,100,000. The buyer was an owner operator. 225 auction attendees with 56 registered bidders. 90 days from signing of listing contract to closing.