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Owner solicited offers as a whole tract sale.

Best offer $1,600,000

At the auction, 96 bidders pushed the price to $3,600,000

The purchaser outbid all the others to keep it together. It was the same person that made the $1.6M offer earlier.

Seller sought $1,000,000 on all 335 acres.

Auction produced $1,600,000 on 205 acres.

Seller kept 130 acres for himself.

7 buyers

175% of MAI appraisal

24 rounds of bidding

Auction achieved twice the appraisal.

5 individual buyers

Owner achieved 175% of appraisal.

Property divided into 16 parcels yielded 7 purchasers.

All the closings held on one day

Survey and closing cost paid by purchaser.

Family estate wanted $275,000.

Auction results $475,000

3 closings

Granger, Thagard & Associates, Inc.
1031 Richard Arrington Jr. Blvd South
Birmingham, AL 35205
205-326-0833 / 800-996-2877
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