PREMIER AUCTIONS : News
 

Mountain forest land sells at auction for $2,227,500 in J.P. King auction

MONTEAGLE, TN (April 17, 2006) – Approximately 1,935 acres of mountain property off Interstate 24 near University of the South at Sewanee sold at auction for $2,227,500 Saturday April 15, with J.P. King managing the sale.

Seller Vernon Barnett said he was pleased with the outcome.
 
“I believed from the outset that an absolute auction was what was going to be needed to get the right buyers there. The price came in right at my expectation,” said Barnett.
 
Purchasing the land was Mike Cardin, of Cardin Forest Products, South Pittsburg, Tenn. Cardin, who owns adjacent land, said he plans to use the property for his family’s recreation while letting the timber continue to mature.
 
Eleven registered bidders were among the crowd of 70 people that gathered at the Smokehouse Restaurant in Monteagle for the sale. Bidders first competed for the land in parcels, but Cardin purchased it as an entirety.


Recent Headlines

J.P. King Auction Company Continues Florida Success with Steinhatchee Resort Auction
Scott King awarded ATS designation from National Auctioneers Association
All Sold! J.P. King Auction Company Sells TVA Kingston Waterfront Properties
J.P. King Auction Company Sells Heath Shuler’s Mountain Estate for $1.54 Million
Magdalena Palace model Devault Manor to Auction J.P. King Auction Company to Auction Unique Johnson City, TN Estate
Health Shuler’s Mountain Estate to Auction
TVA Retains J.P. King Auction Company to Sell Kingston Waterfront Properties
J. P. King sells another luxury waterfront home and continues its total sellout in the Carolinas in recent months.
J.P. King Auction Company Auctions Scenic Calabria Ranch Estate Homes for $3.11 Million
J.P. King Auction Company Takes Calabria Ranch Estate Homes to Auction
J.P. King Auction Company Announces Historic Tapoco Lodge and Two Waterfront North Carolina Properties Auction for more than $4 Million
J.P. King Auction Company to Auction Historic Tapoco Lodge in North Carolina
Mountain Masterpiece Estate Auctions for $1.072 Million
J. P. King Auction Company Sells Peters Township Home for $3.44 Million
Prime Location 390 Acre Development Land with Montgomery Motorsports Park to Sell at Absolute Auction

    Sitemap

 
Copyright © 2016 J. P. King Auction Company, Inc
Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036
Privacy Policy