We Sell Farm & Ranch Real Estate...Differently

2003 Case Studies

PHILLIPS COUNTY LAND AUCTION - 1,560 ac +/- dryland, grassland, & improvements located in Phillips County. The auction was held on December 18, 2003, at the Haxtun Community Center in Haxtun, CO.    The seller was The CU Foundation who received the property as a gift.  The property was offered in 6 parcels, 2 combinations, and as a single unit with a minimum bid of $639,000 and sold in 2 combinations for $711,000. The buyers were owner operators from the local community. 50 auction attendees with 27 registered bidders.  59 days from signing of listing contract to closing. 

 

ENNINGA AUCTION - 174 ac +/- dryland located in Sedgwick County. The auction was held on May 6, 2003, at the Haxtun Community Center in Haxtun, CO.   The seller was an owner operator.  The property was offered as 1 parcel with a minimum bid of $83,000 and sold as 1 parcel for $98,500. The buyer was a owner operator within the local community. 34 auction attendees with 12 registered bidders.  89 days from signing of listing contract to closing.

 

POTTORFF – COMMERCIAL AUCTION included a museum and convenience store located in Stratton, CO. The auction was held on April 22, 2003, at the Peddlers Junction Museum in Stratton, CO.  The seller was in bankruptcy.  The property was offered in 6 parcels and 2 combinations with a minimum bid of $292,500.  The property sold for $515,000 in 4 parcels and 1 combination to 5 buyers. The buyers were owner operators 35 auction attendees with 15 registered bidders. 57 days from signing of listing contract to closing.

 

POTTORFF – LAND AUCTION - 2,721.1 ac +/- dryland, pivot irrigated, & improvements located in Kit Carson County. The auction was held on April 22, 2003, at the Peddlers Junction Museum in Stratton, CO.    The seller was in bankruptcy.  The property was offered in 9 parcels and 2 combinations with a minimum bid of $1,870,000.  The property sold for $2,202,000 in 7 parcels and 1 combination to 6 buyers. 4 buyers were owner operators from the local area and 2 buyers were investors with ties to the area. 125 auction attendees with 34 registered bidders. 57 days from signing of listing contract to closing. 

 

DRYLAND AUCTION (SHUTTS) - 1,920 ac +/- dryland located in Logan, Phillips, & Yuma Counties.  The auction was held on April 2, 2003, at the Ramada Inn in Sterling, CO.  The seller was a owner operator.  The property was offered in 11 parcels with a minimum bid of $672,000.  The property sold for $739,000 in 11 parcels to 6 buyers. The buyers were owner operators from the local area.  76 auction attendees with 35 registered bidders. 54 days from signing of listing contract to closing.

 

ABSOLUTE REAL ESTATE AUCTION - 8,015 ac +/- 20,000 head feedlot, pivot irrigated, dryland, & grassland with improvements and commercial property located in Gray & Finney Counties, KS.  The auction was held on February 19, 2003, at the Gray County Fairgrounds in Cimarron, KS.  The seller was a lender.  The property was offered in 28 parcels with a minimum bid of $5,965,500 sold in 28 parcels for $6,511,600. All 28 buyers were owner operators primarily from within the local community.  335 auction attendees with 110 registered bidders.  59 days from signing of listing contract to closing.

 

WAITE DRYLAND AUCTION - 324.5 ac +/- dryland located in Phillips County. The auction was held on February 11, 2003, at the Haxtun Community Center.  The seller was elderly.  The property was offered in 2 parcels and as a single unit with a minimum bid of $146,000 and sold as a single unit for $221,000. The buyer was an adjoining property owner operator. 45 auction attendees with 15 registered bidders.  71 days from signing of listing contract to closing.