La Baranca, Additional Acreage Sell for $4.4 million

Palo Cedro, CA – May 31, 2008 – La Baranca, a southwest mission style home, and the entire 1100 +/- acre estate, sold for $4.4 million at auction on Saturday, May 31. The auction, managed by J.P. King Auction Company, attracted 28 registered bidders.

“We sold 7 parcels that sold in multiple combinations to 4 different buyers, as bidders sought to obtain the best combinations for their needs,” said Craig King, president & CEO of J.P. King. “This is an exquisite property, and the winning bidder of this home will be rewarded with a hidden gem and a private getaway from daily life.”

The day’s biggest buyer was a Nevada resident who purchased three adjoining parcels that included the home totaling 131 acres for $2.7 million. The remaining 970 acres sold to three separate buyers.

The auction took place on site, where approximately 130 people attended the event, which included live music, hors d’oeuvres, and featured more than two hours of bidding, according to King. Bidders represented various areas from California and Nevada.

The landmark California home “La Baranca” is a combination of Pueblo Indian and Spanish Mission style architecture on a 91-acre estate. The remote location is situated in an upscale rural area with breathtaking views of Mt. Shasta and Lassen Peak.

The home includes four bedrooms with three full baths and two half baths. The property inside features diamond-finished plaster walls, which compliment Carlisle antique oak and quarter-swan white-oak flooring. Six fireplaces are situated throughout the property covering the master bedroom, guest bedroom, media and living room including the dining room and guest casita. Solid wooden doors lead into the courtyard where a stucco-sculptured bell tower overlooks the sixty foot lap pool with the Cascade and Sierra mountains as a backdrop.

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