$3,334,000 - Elburn, IL

Land

Challenge
Two Asset Types: Farm Land with Home and Equestrian Acreage

The offering included 240 acres of productive farmland plus a 6,500 square foot Frank Lloyd Wright-inspired home on a 40-acre equestrian estate situated in the midst of the farmland.

Solution
With two separate and distinct asset types, the real estate auction needed to attract farm buyers, while simultaneously providing an opportunity for a "equestrian estate" buyer to purchase the property in its entirety.

Sheldon Good & Company implemented a strategy that offered the farmland in seven separate tracts, thus allowing bidders to create any preferred combination of tracts, with or without the equestrian estate. This strategy generated interest from a diverse group of buyers, farmers and equestrian estate buyers, and provided the seller the opportunity to evaluate the best combination of tracts to maximize the sales price.

Results

  • 237 inquiries
  • 80 auction attendees
  • 19 registered bidders
  • All properties sold and closed within 10 days of the auction
  • Sold for $3,334,000



Click below to have an auction representative contact you about selling your property.

    Farm Land - 240 - Acres