NewsPARAGON JEWEL ESTATE SELLS AT AUCTION THROUGH J. P. KING AUCTION COMPANYGale Lemerands Ormond Beach Estate to Sell at AuctionParagon Jewel Estate to Sell at Bank-Ordered Absolute AuctionTwo Penthouse Units at Lonestar Tower Sell at Absolute AuctionDeVita Ranch to Sell at Auction January 31stJ. P. King Auction Company Sells Collin County Ranch Estate at AuctionJ. P. King Auction Company Pre-Sells Sun Valley Riverfront Estate J. P. King to Sell 27 Home Sites at Auction, Some Waterfront, Some AbsoluteJ. P. King Auction Company to Sell Waterfront Estate in Sun Valley Ski Destination at Absolute AuctionPremier Thirty-Acre Lakefront Property With Four Estates to Sell at J. P. King AuctionJ. P. King Auction Company to Sell Washington Riverfront Estate at Real Estate AuctionJ. P. King Auctions Autographed Guitar for St. JudeJ. P. King Auction Company to Sell Blue Mesa Hideaway Estate and the Lake Fork Resort at AuctionJ. P. King Auction Company to Sell Waterfront Montana Estate at Absolute AuctionMossy Oak Properties Joins Forces with J. P. King Auction Company
I-80 Nevada land sells for $1.65 millionWEST WENDOVER, NV - An 11,868-acre stretch of commercial and residential development land along Interstate 80 west of West Wendover, Nevada, sold for $1.65 million on June 10th in an auction that attracted bidders from Utah, California, Nevada, Colorado and Idaho, with J.P. King managing the sale.
"This was a really strong turnout, especially given that the nearest major city was Salt Lake City, more than 120 miles away. By all accounts, we got a good price for the land," said Craig King, president of J.P. King.
The land was offered in 27 different parcels, and bidders spent more than two hours bidding for various combinations of parcels. But in the end, the property went to Stephen Marks Sr., of Tower Investments LLC., Woodland, Calif.
"Ultimately, the strongest demand was for the land as an entirety," said King. "We had Mr. Marks and a remote bidder from Colorado Springs, Colo., bidding on the whole property."
Seller Mike Ford, a land developer who divides his time between Utah and Nova Scotia, said he was pleased with the results.
"Things worked out well for us, and I'm very happy. I felt the J.P. King crew did a very good job," said Ford, adding it was the first time he has sold property at auction. "If I had an opportunity to sell a property like this again, I would definitely put it through the auction process," he said.
The sale included water rights of 27,000 gallons per minute, according to King.
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