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Land auction here today.
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JoshuaGA
Posted 1/31/2009 19:13 (#591625)
Subject: Land auction here today.



Sumner GA, Located in southwest GA,
Wasnt a good day to be a seller.
Flyer http://www.blueridgedigital.net/applications/auction_calendar/files...

Farm 1 sold whole for $2264/A or $190,000. With 10% buyers premium, $2490/A or $209.000

Farm 2 sold in 4 pieces. Tract 1-4 sold for $1375/A or $1512/A with 10% premium, Tract 5-7 sold for $1881/A or $2069/A with premium, Tract 8 sold for $1333/A or $1466/A with premium, and Tract 9 sold for $1931/A or $2124 with premium. Farm brought $1691/A or $1860/A with premium, $915000 or $1,006,500 with premium. Farm 2 had irrigation, but both pivots, motor, and wellhead were owned by tenant.

Total monies taken $1,105,000, $1,215,500 with premium.
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