We Sell Farm & Ranch Real Estate...Differently

2005 Case Studies

PHILLIPS COUNTY PIVOT IRRIGATED LAND AUCTION - 1,930 ac +/- pivot irrigated & CRP located in Phillips County. This auction was held on December 15, 2005, at the Peerless Center in Holyoke, CO.    The seller was an owner operator.  The property was offered in 3 parcels and as a single unit with a minimum bid of $1,813,000 and sold as a single unit for $2,100,000. The buyer sold property to complete a 1031 to own and operate the property.  67 auction attendees with 11 registered bidders. 120 days from signing of listing contract to closing.

 

SKOLD LAND AUCTION - 634 ac +/- dryland & pivot irrigated located in Phillips & Sedgwick Counties.  This auction was held on December 8, 2005, at the Haxtun Community Center in Haxtun, CO.  The seller was an owner operator.  The property was offered in 3 parcels with a minimum bid of $366,000 and sold in 3 parcels for a total of $440,000. The buyers were local owner-operators. 55 auction attendees with 21 registered bidders. 68 days from signing of listing contract to closing. 

 

PEDRONI & GIACOMINI, INC. LAND AUCTION - 3,526 ac +/- pivot & flood irrigated Located in Logan County. This auction was held on December 5, 2005, at the Ramada Inn in Sterling, CO.  The seller was a family owned corporation who had owned some the land sold for over 111 years.  The property was offered in 5 parcels, 2 combinations, and as a single unit with a minimum bid of $3,500,000 and initially sold as a single unit for $4,325,000. The local investor buyer then sold 3 of parcels that he didn’t want to local owner operators.  143 auction attendees with 33 registered bidders. 163 days from signing of listing contract to closing. 

 

SOUTH PLATTE RIVERBOTTOM HUNTING LAND AUCTION - 85 ac +/- South Platte Riverbottom with ½ mile of Riverbottom with warm water slough located in Logan County. The auction was held on November 15, 2005, at the Ramada Inn in Sterling, CO.  The seller was owner operator who developed the property to hunt.  The property was offered as 1 parcel with a minimum bid of $200,000 and sold for $238,000 as 1 parcel. The buyer was an owner-operator who purchased to hunt.  21 auction attendees with 2 registered bidders. 63 days from signing of listing contract to closing.

 

SCHWISOW CRP LAND AUCTION - 915.4 ac +/- CRP located in Washington County. This auction was held on November 3, 2005, at the Ramada Inn in Sterling, CO. The seller was a surviving spouse. The property was offered in 3 parcels, 1 combination, and as a single unit with a minimum bid of $325,000 and sold as a single unit for $385,000. The buyer was local owner operator who owns CRP. 30 auction attendees with 9 registered bidders. 66 days from signing of listing contract to closing.

 

ABSOLUTE LAND AUCTION - 2,404 ac +/- dryland & center pivot irrigation located in Logan County. This auction was held on September 2, 2005, at the Ramada Inn in Sterling, CO.    The seller was a Lender.  The property was offered in 10 parcels as an absolute auction with no minimum bid.  The property sold for $1,712,500 in 10 parcels to 7 buyers. 4 buyers were owner operators from the local area, 2 buyers were investors with ties, and 1 buyer was an investor. 101 auction attendees with 30 registered bidders. 58 days from signing of listing contract to closing. 

 

40 ACRE IRRIGATED LAND AUCTION - 40 ac +/- flood irrigated located in Morgan County. The auction was held on August 16, 2005, at the Carroll Building in Brush, CO.  The auction was a court ordered partition sale. The property was offered as 1 parcel with a minimum bid of $65,000 and sold for $92,000. The buyer was the adjoining owner operator. 18 auction attendees with 11 registered bidders.  92 days from signing of listing contract to closing.

 

THIESSEN AUCTION - 3,713 ac +/- CRP & grassland located in Logan County. The auction was held on June 21, 2005, at the Ramada Inn in Sterling, CO.    The seller was an owner- operator.  The property was offered in 5 parcels and as a single unit with a minimum bid of $500,000 and sold as a single unit for $730,000. The buyer was the local grazing association.  52 auction attendees with 25 registered bidders.  80 days from signing of listing contract to closing.

 

DOROTHY LEEPER ESTATE LAND AUCTION - 320 ac +/- sandhill pasture located in Yuma County. The auction was held on May 31, 2005, at the Peerless Center in Holyoke, CO.    The seller was an estate.  The property was offered as 1 parcel with a minimum bid of $80,000 and sold for $113,000. The buyer was owner operator within the community. 26 auction attendees with 12 registered bidders.  53 days from signing of listing contract to closing.

 

ABSOLUTE LAND AUCTION - 320 ac +/- dryland & center pivot located in Logan County. The auction was held on May 5, 2005, at the Ramada Inn in Sterling, CO.    The seller was a Lender.  The property was offered in 2 parcels as an Absolute Auction with no minimum bid.  The property sold for $412,000 in 2 parcels to 2 buyers. The buyers were owner operators from the local community.  17 auction attendees with 13 registered bidders. 39 days from signing of listing contract to closing.

 

KUHNKE AUCTION - 320 ac +/- dryland & pivot irrigated located in Phillips County. The auction was held on April 7, 2005, at the Peerless Center in Holyoke, CO.  The seller was an estate.  The property was offered in 2 parcels with a minimum bid of $310,000 and sold in 2 parcels for a total of $415,000. One buyer was a owner operator and the other was an individual who purchased to have a family member lease. 34 auction attendees with 12 registered bidders.  45 days from signing of listing contract to closing.

 

WOLEVER AUCTION - 1,000 ac +/- CRP, pasture, & improvements located in Morgan County. The auction was held on March 24, 2005, at the Ramada Inn in Sterling, CO.    The seller was an estate.  The property was offered in 5 parcels with a minimum bid of $250,000 and sold in 5 parcels for a total of $481,500. 2 buyers were owner operators from within the local community and 3 buyers were CRP investors. 67 auction attendees with 47 registered bidders. 56 days from signing of listing contract to closing.

 

RABE LAND AUCTION - 2,352 ac +/- pivot/flood irrigated, dryland, grassland, improvements, & grain storage located in Deuel County, NE. The auction was held on March 3, 2005, at the Sedgwick County Fairgrounds in Julesburg, CO. The seller was an owner operator.  The property was offered in 8 parcels, 2 combinations, and as a single unit with a minimum bid of $1,090,000 and sold as a single unit for $1,290,000. The buyer did not want all the property and then resold the 2 parcels they did not want to the last highest bidders of the respective 2 parcels. 2 buyers were owner operators and 1 buyer was an individual purchasing to lease to family member.  41 auction attendees with 18 registered bidders.  50 days from signing of listing contract to closing.

 

BRICKEL BROS. LAND AUCTION - 359 ac +/- dryland & improvements located in Logan County. The auction was held on February 10, 2005, at the Ramada Inn in Sterling, CO.  .  The seller was an estate.  The property was offered in 4 parcels, 2 combinations, and as a single unit with no minimum bid and sold as a single unit for $281,000. The buyer was owner operator from within the local community.  30 auction attendees with 13 registered bidders.  90 days from signing of listing contract to closing.