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The real payoff was really today [auction day] with the amount of bidders that showed up, which was significantly more than we anticipated, and a 50% increase in value.
Paul Potter, Detroit Edison
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 Search
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| FAX: 260-244-4431 |
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Total Records Found 614.
Showing 15 records
starting from 121 record
with 15 records per page.
"In the auction business you're only as good as your last sale.
We think these sales speak volumes."
Recent Sales
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Tract(s) 1 - 4
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155 ±acres
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$925,000
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$5,968/acre
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Tract(s) 5 - 7
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160 ±acres
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$1,000,000
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$6,250/acre
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Tract(s) 1
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20 ±acres
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$52,500
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$2,625/acre
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Tract(s) 2 - 8
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72 ±acres
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$199,500
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$2,771/acre
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Tract(s) 9 + 11
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31 ±acres
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$60,900
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$1,965/acre
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Tract(s) 10
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5 ±acres
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$7,350
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$1,470/acre
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Tract(s) 12
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3 ±acres
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$10,500
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$3,500/acre
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Tract(s) 13
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12 ±acres
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$18,900
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$1,575/acre
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Tract(s) 14
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1 ±acres
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$12,600
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$12,600/acre
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Tract(s) 15
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14 ±acres
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$27,300
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$1,950/acre
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Tract(s) 16
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27 ±acres
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$46,200
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$1,711/acre
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Tract(s) 17
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23 ±acres
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$43,050
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$1,872/acre
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Tract(s) 1 + 2
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216 ±acres
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$760,000
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$3,519/acre
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Tract(s) 3+5-9
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240 ±acres
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$600,000
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$2,500/acre
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Tract(s) 4
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10 ±acres
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$30,000
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$3,000/acre
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Tract(s) 10
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22 ±acres
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$46,000
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$2,091/acre
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Tract(s) 11
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86 ±acres
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$240,000
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$2,791/acre
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Tract(s) 12
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61 ±acres
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$230,000
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$3,770/acre
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Tract(s) 13
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10 ±acres
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$125,000
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$12,500/acre
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Tract(s) 14
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63 ±acres
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$63,000
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$1,000/acre
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Tract(s) 1 - 3
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80 ±acres
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$280,000
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$3,500/acre
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Tract(s) 4
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2 ±acres
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$54,000
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$27,000/acre
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Tract(s) 1 - 3
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80 ±acres
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$280,000
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$3,500/acre
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Tract(s) 4
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2 ±acres
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$54,000
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$27,000/acre
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Thursday, November 13, 6 pm
Northeast of Versailles, IN
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82 Acres in 3 Tracts
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Total Sale Price
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$595,000
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Tract(s) 1 + 2
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78 ±acres
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$470,000
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$6,026/acre
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Tract(s) 3 - 5
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5 ±acres
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$125,000
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$25,000/acre
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Tract(s) 1
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13 ±acres
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$60,000
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$4,615/acre
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Tract(s) 2
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5 ±acres
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$65,000
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$13,000/acre
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Tract(s) 3
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4 ±acres
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$15,000
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$3,750/acre
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Tract(s) 1 - 4 + 6 + 7
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194 ±acres
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$670,000
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$3,454/acre
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Tract(s) 1 - 71
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11776 ±acres
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$24,583,000
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$2,087/acre
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Tract(s) 1-10
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2557 ±acres
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$4,156,050
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$1,625/acre
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Tract(s) 11+12
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88 ±acres
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$154,500
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$1,756/acre
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Tract(s) 13
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280 ±acres
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$350,200
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$1,251/acre
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Tract(s) 14
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69 ±acres
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$123,600
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$1,791/acre
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Tract(s) 15
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112 ±acres
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$412,000
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$3,695/acre
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Tract(s) 16-22
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1112 ±acres
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$2,049,700
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$1,843/acre
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Tract(s) 23
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80 ±acres
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$92,700
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$1,153/acre
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Tract(s) 24
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1006 ±acres
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$1,467,750
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$1,460/acre
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Tract(s) 25+28
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87 ±acres
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$180,250
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$2,072/acre
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Tract(s) 26+27
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73 ±acres
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$132,870
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$1,820/acre
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Tract(s) 29
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200 ±acres
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$242,050
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$1,210/acre
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Tract(s) 30
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210 ±acres
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$587,100
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$2,796/acre
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Tract(s) 31
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40 ±acres
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$113,300
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$2,833/acre
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Tract(s) 32+33
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40 ±acres
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$103,000
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$2,575/acre
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Tract(s) 34
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40 ±acres
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$78,280
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$1,957/acre
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| Auction Notes: |
| BRANDENBURG, Ky. (Nov. 7, 2008) - For the second straight day, small bidders continued to emerge as victors in the competition for 27,212 acres of timberland being sold at auction by Kimball International. In Friday's sale of 5,993 acres for $10.243 million, 14 different buyers purchased timberland, according to Woltz & Schrader Auctions.
For the second day in a row, the larger bidders were in there pitching, but the smaller buyers once again asserted themselves and purchased much of the land, said Rex Schrader, president of the auction company. It will be interesting to see if this pattern holds Saturday when we sell the 11,729 acres in the Sturgis area.
Saturday's sale includes the land known as the Game Trails hunting property, which has been featured on numerous outdoor programs because of its world-class deer hunting.
We're seeing bidders who are seeking to purchase the land for its investment value, which is considerable because of Kimball's careful management of the extensive hardwood timber stands. But we are also seeing many bidders - and buyers - seeking land for their own personal use for recreation and personal enjoyment as well as its investment value, said Schrader.
With a two-day total exceeding $26 million, Kimball officials were pleased with the turnout for the first two days.
We've had hundreds of bidders competing for a total of 11 hours at this point, so we have to feel that we're getting the best possible outcome in this market environment, said Martin Vaught, spokesman for Kimball. |
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Tract(s) 1+7+64
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579 ±acres
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$1,339,000
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$2,312/acre
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Tract(s) 2+4+5+65
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411 ±acres
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$829,150
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$2,017/acre
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Tract(s) 3
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270 ±acres
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$283,250
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$1,049/acre
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Tract(s) 6+18+19+20
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461 ±acres
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$618,000
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$1,341/acre
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Tract(s) 8+9
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125 ±acres
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$329,600
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$2,637/acre
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Tract(s) 10+16+17
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248 ±acres
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$331,660
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$1,337/acre
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Tract(s) 11+12+13+44
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245 ±acres
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$334,750
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$1,366/acre
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Tract(s) 14
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80 ±acres
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$125,660
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$1,571/acre
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Tract(s) 15+41
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86 ±acres
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$125,660
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$1,461/acre
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Tract(s) 21
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52 ±acres
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$63,860
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$1,228/acre
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Tract(s) 22+29
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145 ±acres
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$164,800
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$1,137/acre
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Tract(s) 23
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95 ±acres
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$195,700
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$2,060/acre
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Tract(s) 24+25+26+27
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292 ±acres
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$602,550
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$2,064/acre
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Tract(s) 28
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30 ±acres
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$71,070
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$2,369/acre
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Tract(s) 30
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40 ±acres
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$51,500
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$1,288/acre
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Tract(s) 31+32+33
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136 ±acres
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$149,350
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$1,098/acre
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Tract(s) 34
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14 ±acres
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$20,600
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$1,471/acre
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Tract(s) 35
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54 ±acres
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$58,710
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$1,087/acre
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Tract(s) 36+37+38
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558 ±acres
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$798,250
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$1,431/acre
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Tract(s) 39
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146 ±acres
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$226,600
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$1,552/acre
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Tract(s) 40
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85 ±acres
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$159,650
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$1,878/acre
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Tract(s) 42
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145 ±acres
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$144,200
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$994/acre
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Tract(s) 43
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220 ±acres
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$180,250
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$819/acre
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Tract(s) 45+48
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22 ±acres
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$33,990
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$1,545/acre
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Tract(s) 46+47
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135 ±acres
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$180,250
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$1,335/acre
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Tract(s) 49+50
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219 ±acres
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$453,200
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$2,069/acre
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Tract(s) 51
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12 ±acres
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$25,750
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$2,146/acre
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Tract(s) 52
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55 ±acres
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$74,160
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$1,348/acre
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Tract(s) 53
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21 ±acres
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$53,560
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$2,550/acre
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Tract(s) 54+56
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451 ±acres
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$602,550
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$1,336/acre
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Tract(s) 55
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360 ±acres
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$417,150
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$1,159/acre
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Tract(s) 57
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107 ±acres
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$154,500
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$1,444/acre
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Tract(s) 58
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52 ±acres
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$88,580
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$1,703/acre
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Tract(s) 59
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80 ±acres
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$133,900
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$1,674/acre
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Tract(s) 60
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92 ±acres
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$133,900
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$1,455/acre
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Tract(s) 61
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65 ±acres
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$144,200
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$2,218/acre
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Tract(s) 62
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37 ±acres
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$92,700
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$2,505/acre
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Tract(s) 63
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25 ±acres
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$46,350
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$1,854/acre
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| Auction Notes: |
| FRENCH LICK, Ind. (Nov. 6, 2008) - Small buyers emerged as big winners in Day 1 of the three-day auction of 27,212 acres of timberland being sold by Kimball International. In an eight-hour bidding marathon at the French Lick Resort Casino, the 9,422 acres of land went to 72 different buyers for a total of $15.779 million, according to Woltz & Schrader Auctions, which handled the sale.
We saw a lot of individuals purchasing 20, 50 or 100 acres at a time for personal enjoyment, recreation and investment, and they simply outbid the larger investors, said Rex Schrader, president of the auction company. These smaller buyers sometimes base their valuations more on the recreational opportunities and thus are willing to bid more than others who focus simply on the investment return, he said.
Kimball spokesman Martin Vaught agreed. From the beginning, we hoped to give smaller investors an opportunity to purchase this land, and we're pleased with the outcome, he said. |
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Tract(s) 1+3+33
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306 ±acres
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$705,550
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$2,306/acre
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Tract(s) 2
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85 ±acres
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$298,700
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$3,514/acre
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Tract(s) 4
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25 ±acres
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$37,080
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$1,483/acre
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Tract(s) 5
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40 ±acres
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$61,800
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$1,545/acre
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Tract(s) 6
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35 ±acres
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$53,560
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$1,530/acre
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Tract(s) 7
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30 ±acres
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$46,350
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$1,545/acre
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Tract(s) 8
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95 ±acres
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$185,400
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$1,952/acre
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Tract(s) 9
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92 ±acres
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$123,600
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$1,343/acre
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Tract(s) 10+11+12+16+31
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168 ±acres
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$228,660
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$1,361/acre
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Tract(s) 13+14+15+19
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252 ±acres
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$551,050
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$2,187/acre
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Tract(s) 17+18
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75 ±acres
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$159,650
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$2,129/acre
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Tract(s) 20+24
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88 ±acres
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$195,700
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$2,224/acre
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Tract(s) 21+22
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385 ±acres
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$381,100
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$990/acre
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Tract(s) 23
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16 ±acres
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$22,660
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$1,416/acre
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Tract(s) 26+27
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270 ±acres
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$360,500
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$1,335/acre
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Tract(s) 28
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25 ±acres
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$43,260
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$1,730/acre
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Tract(s) 30
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144 ±acres
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$180,250
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$1,252/acre
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Tract(s) 32
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90 ±acres
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$109,180
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$1,213/acre
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Tract(s) 34
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115 ±acres
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$154,500
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$1,343/acre
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Tract(s) 35
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12 ±acres
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$20,600
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$1,717/acre
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Tract(s) 36
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63 ±acres
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$87,550
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$1,390/acre
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Tract(s) 37
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55 ±acres
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$89,610
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$1,629/acre
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Tract(s) 38+39+47+49
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112 ±acres
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$386,250
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$3,449/acre
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Tract(s) 40
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78 ±acres
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$169,950
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$2,179/acre
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Tract(s) 41+42
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100 ±acres
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$226,600
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$2,266/acre
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Tract(s) 41+42
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100 ±acres
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$226,600
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$2,266/acre
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Tract(s) 43
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82 ±acres
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$149,350
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$1,821/acre
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Tract(s) 44+48
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60 ±acres
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$159,650
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$2,661/acre
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Tract(s) 45+46
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28 ±acres
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$56,650
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$2,023/acre
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Tract(s) 50
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25 ±acres
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$72,100
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$2,884/acre
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Tract(s) 51+52
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148 ±acres
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$262,650
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$1,775/acre
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Tract(s) 53
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52 ±acres
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$87,550
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$1,684/acre
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Tract(s) 54
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30 ±acres
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|
$70,040
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$2,335/acre
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Tract(s) 55
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40 ±acres
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$93,730
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$2,343/acre
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Tract(s) 25
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10 ±acres
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$20,600
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$2,060/acre
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Tract(s) 29
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45 ±acres
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$89,610
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$1,991/acre
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