LandLoanSpecialists.com sends CEO to United Country Auction in Missouri.
JT Holt traveled to El Dorado Springs, Missouri on Saturday, May 17 to attend the Auction offered by United Country Lippard Auctioneers, Inc. The property was listed with United Country Frontier Realty, LLC-Nevada/Missouri and consisted of a whopping 4,075 +/- acres of recreational land! The land was first offered in its entirety, but when bidders passed on that opportunity the competition started for the 8 tracts that made up the land as a whole. And with an excellent attendance of 150 live bidders and several online bidders from various states, it was a fast-paced and entertaining auction.
Each of the properties (8 tracts) that were to be sold absolute, sold for prices ranging from $1,000 to $2,000 per acre. Four of these tracts sold to the same buyer who was an out of state investor seeking recreational properties. As promised, the property had an abundance of lakes, water, creeks, and even a waterfall that bidders were eager to explore.
Regardless of the excellent turnout, the pastureland did not sale as it did not meet the reserve set by the sellers. It seemed that recreation was on bidder’s minds as there was minimal interest in the open tracts more suitable for grazing. The grazing land is still available for parties interested. Serious inquires should call United Country Frontier Realty, LLC-Nevada/Missouri for details.