Total Sale Price - $5,738,421

Partnership Sale for Mr. EB Slaughter & Mr. ZV Majors

This sale consisted of approximately 80 properties and represented the end of a long term partnership.  These two gentlemen had been partners for over 20 years.  When the time came to dissolve the partnership, they called me.  I was very honored to have this opportunity and it represented a massive undertaking to organize and produce the sale.  At the end of the auction, both partners were pleased with the outcome and they would be a good reference if you would like to know more about our company and the way we conduct our sales.

The property had been in the family for over 150 years.  I worked with the executors of this estate for almost a year in preparation.  This sale took place on one of the worst weather days imaginable with a torrential rain.  However, most of Chattooga County showed up for the sale as well as a strong contingency of regional bidders.  The famous attorney Mr. Bobby Lee Cook was in attendance.  We ended up selling the property to 5 different purchasers with a multitude of different plans for using the property.  Mrs. Hilda Jones of Ringold, GA was my main contact and I think she would be happy to talk about the auction and the process to anyone who has questions.

I sold this tract privately.  This 70+/- Acre parcel contained a large frontage on Big Cedar Creek and a good timber stand.  I believe this tract will be placed in a conservation easement. 

Sale Price - $1,350,000

The King Estate

This 236 acre parcel was located about 1 ½  hours from Ellijay in Floyd Co., GA.   This tract was loaded with frontage on Big Cedar Creek.  The interest generated by the creek frontage was the key to the sale. We sold this tract this past December 6^th .  Our purchaser was Byrl Horton, a developer out of Atlanta.  He is planning on using the property for a Conservation Easement.  This program is pushing prices up and allowing purchaser to basically cash-flow large tracts by their tax savings.  We usually work with the Alabama Land Trust.  Please visit their website if you would like to learn more:

http://www.galandtrust.org/

News article in the Rome Paper about the sale

Sale Price - $420,000

The Parmer Family Property

This sale was conducted this past Wednesday on Big Cedar Creek.  The property was accessed by a 20’ easement and was approved for only 1 building site.  In spite of the difficulty of marketing such a tract, we exceeded the owner’s expectations by 25%.  Our purchaser came from the Metro Atlanta market.

Sale Price - $1,450,000

The McGowan Estate

This property is located just West of Rockmart on both sides of Hwy 278. This property had also been in the family for many years.  This sale took place during a major renovation of Hwy 278.  We worked with two different construction departments within the DOT to obtain the necessary access points to divide the property.  We had an excellent sale, with the property averaging $30,000 per acre.  Mr. Bill McGowan can be reached at (770) 424-7722 and he would be a good source to contact as a reference.

Sale Price - $1,300,000

Billy Wolfe Sale

One of my classmates from UGA told me about this property.  His father was retiring and he wanted to sell this gorgeous tract.  It was loaded with Sugar Creek Frontage and nice paved road frontage.  We sold a majority of the property to a developer out of Canton, GA and the balance to 4 end users. 

Sale Price  -  $551,000

Sunset Land Co - Anniston, AL

 This property was owned by the Sunset Land Co.  which was established in the 1920’s.  Our buyer was a large developer out of the Metro Atlanta area.

Phillip Ledbetter of  Sunset Land Co. and Anniston Land Co. was our main contact for the sellers.  If you would like a reference, I would encourage you to give him a call 256-236-7001.

News Article in the Anniston Newspaper regarding the Sale

Sale Price - $1,217,000

The Henry Miller Trust

At this sale, Tony Ellis purchased a 296 acre tract off Stedman Road.  Mr. Eillis had sold a large tract of land to the county that is being used for the new Honda plant and he used a portion of the proceeds in the form of a tax-free exchange to purchase the Miller Trusts property.  This property was landlocked and the timber had been sold and about 2/3 or the timber had already been cut.  The 296 acre tract brought $1,870 per acre and was sold by the method of pick and choice by the acre against a similar tract in Polk Co.

Sale Price - $402,000

The Smith Estate

This property had a lot of flood plain.  We were able to divide the property into tracts and we had five purchasers.  Two family members purchased property at this sale.  It was similar to the Hulsey estate in the good feelings it led to with the settling of the estate.  The executors were feeling some pressure and they simply turned the complication of liquidating the real estate over to us and let everyone bid against the market.

Sale Price - $1,605,000

The Hulsey Estate

This tract is located just of Hwy 278.  This was a very complicated estate that had been in litigation for over 6 years.  Mike McCrae of Smith, Shaw & Maddox in Cedartown was the lead attorney and he was able to pull the ownership together for an auction.  The sale results doubled our expectations.  Due to a bidding war between an adjoining property owner and one of the heirs, the first tract sold for over $60,000 per acre.  On the next round of bidding, a group of buyer’s got together and took the remaining 12 tracts at $14,300 per acre.  This sale is an example of the best case results of an auction.  It had all the ingredients for success and the bidding took care of itself.