Real Estate Auction Roundup

By William Flood 

 Illinois

Lawrence County - On July 8, Geswein Farm & Land presented 45 +/- acres of flat, mainly wooded land in two tracts. Situated less than a mile from the Lawrence County Fairgrounds, Tract 1 in Petty Township contained 21.49 +/- acres with a mixture of mature timber, creeks, and natural water sources, with abundant wildlife, and adjacent to farmland, making for good potential homesites or recreational land. Tract 2, in Bridgeport Township, was 23.5 +/- acres also in mature timber, with creeks and water sources, adjacent to farmland, good for hunting or potential homesites. The tracts sold combined for $216,815 ($4,819/acre).

Oakley - Cory Craig hosted an online-only auction on July 7 of 1.6 acres of vacant land. The parcel was located along Coulters Mill Road, close to I-72. Wooded, with a creek running through, it contained a good building site, ideal for a house with a walk-out basement. It sold for $10,600 ($6,625/acre).

Indiana

Laconia - On July 29, Beckort Auction offered 57 acres in 4 tracts. Tract 1, at 1925 Cross Street, held a 1920-built home on two town lots. The 1,255-square-foot 2-bedroom/1-bath house required repairs/updates, currently served by cistern (with main water available), septic (with Laconia sewer available), and LP heat. Additionally, there was a detached garage, walk-down cellar, and two outbuildings. Tract 2 was 15 +/- acres with approximately 850 feet of frontage on Old Highway 11. The mostly tillable acreage, with no existing farm lease, had a repairable vintage barn and a small pond. Town water and electricity were available, making for a possible building site. Tract 3 consisted of 25 +/- acres, with approximately 200 feet frontage on Hooptown Road. The mostly wooded acreage held an estimated $31,000 in marketable timber. There was a small cemetery with an easement granted on the title. Town water was nearby. Tract 4 had 17 +/- acres with approximately 550 feet of frontage on North Tobacco Landing Road. The mostly wooded acreage had approximately $5,800 of marketable timber. There was a small house in very poor condition, a pond, and town water available. Tract 1 sold for $52,800, Tract 2 for $146,300, Tract 3 for $100,100, and Tract 4 for $83,600.

Syracuse - Kraft Auction Service presented a 7-acre country hobby farm on July 23. The property featured a 1946-built 1,906-square-foot ranch home, with 3 bedrooms, 3 full baths, and a partial basement providing 810 additional square feet of space. Adjacent was a 20-by-20-foot detached garage and 30-by-65-foot pole barn. Formerly used as a bed and breakfast, the home had been completely remodeled down to the studs in 2000. The opening bid was $299,900; it sold for $322,000.

Kentucky

Farmington - Harris Real Estate & Auction held an absolute auction on July 24 of a single tract containing 18.35 +/- acres of highly productive, tillable farmland. The property was located near the Tri-City community and offered access to high-speed WK&T fiber internet. The property brought $125,000 ($6,812/acre).

Vine Grove - On July 24, Lawson & Co. Auctioneers offered 9 +/- acres of mixed open and wooded land, with two homes, a fully-finished barndominium-style metal building, and a large agricultural barn. The first house was a 2,112-square-foot brick rancher with three bedrooms, two bathrooms, and many recent updates. The second house was a 1,722-square-foot Cape Cod with three bedrooms and one bath. The 2,448-square-foot finished metal “Barndominium” had a full kitchen, two bathrooms, a laundry room, and central HVAC, making it perfect for a home business or guest quarters. In addition, there was a 70-by-40-foot barn, perfect for storage or livestock. The package sold for $574,200.

Michigan

Marcellus - Bright Star Real Estate Services held an online and phone auction on July 16 of 93 +/- acres, at an opening bid of just $4,500 per acre. The property, with a large portion along the Rocky River, contained a mix of open fields, wooded areas and wetlands. Wildlife was abundant, and multiple hunting blinds were included. It sold for $450,000 ($4,839/acre).

Ravenna - On July 23, Miedema’s LastBid Real Estate presented 2.79 acres with a garage, auctioned to help settle an estate. The property, located at Heights Ravenna Road (M-72) and Bossett Road, offered a potential building site (no current perc test). On the parcel was a 1,200-square-foot garage with two overhead doors, concrete flooring, partial insulation, wood stove heat, and a lean-to along the back. It fetched $141,000.

Ohio

Baltic - Kaufman Realty & Auctions hosted an auction of 7.17 acres, presented in two tracts, with no buyer’s premium, on July 29. Tract 1 contained 3.97 acres of open land with approximately 190 feet of frontage on Township Road 175. Tract 2 was 3.2 acres of open land with approximately 237 feet of frontage, also on Township Road 175. Each had natural gas and electricity available, making for excellent building sites. They sold combined for $278,850 ($38,891/acre).

Mansfield - On July 21, RES Auction Services presented 54 acres as two parcels in an absolute land auction. Just minutes from I-71, each offered tillable ground, woods, and potential for development. Tract 1 contained 31 acres, with a mix of mostly wooded and some tillable land. With frontage on Logan Street, it was ideal as a potential homesite or outdoor recreation use. Tract 2 was 23 acres, perfect for an estate home, cabin lodging, agriculture, hobby farming, vineyards or orchards. Frontage was along South Main Street, with panoramic views overlooking a nearby golf course. Tract one sold for $232,500 ($7,500.00/acre). Tract 2 sold for $172,500 ($7,500.00/acre).