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Auction Reports - February 20, 2019
 

Civil War home, farmland brings nearly $900K at auction

DAVIESS COUNTY, Ky. — A 120.57-acre gently rolling, mostly cropland farm with a Civil War-era frame home sold at auction recently for $888,520, or $7,369 per acre.

The home – with 14.4 acres, a tobacco barn and a tool shed – brought $152,000, for an average of $10,556 per acre. The remaining unimproved land sold for $736,520, or $ 6,937 per acre.

This auction was conducted by James R. Knott, auctioneer with Kurtz Auction & Realty Co. To learn more, email him at john@kurtzauction.com or call 800-264-1204, and visit www.kurtzauction.com

Cousins plan to reopen Alles Brothers Furniture this year

HENDERSON, Ky. — Cousins of the late Mary Francis and Herman Alles have purchased the former Alles Brothers Furniture Co., which was closed in October 2018 following the death of Herman Alles that June.

The residual of the estate was left to Holy Name of Jesus Catholic Church in Henderson and William F. Medley, Bishop of the Diocese of Owensboro, was named executor of the estate. An offer was made by Jack and Marcia Alles prior to an auction that was scheduled by Kurtz Auction & Realty Co., and Medley accepted the offer.

The purchase includes three buildings along First Street in downtown Henderson. The new owners will reopen Alles Brothers later this year and continue a business that has been a Henderson icon and attracted customers for miles around for many years.

Alles Brothers Furniture was opened in 1899 by Jacob Alles, Herman’s father. Herman worked at the store until he enlisted in the Army during World War II. In 1945, Herman returned to Henderson to run the business.

Illinois farmland owned by Lincoln sells for $300,000

CHARLESTON, Ill. (AP) — A plot of Illinois farmland that President Abraham Lincoln once owned has sold at auction for $300,000.

A retired farmer in the central Illinois city of Charleston sold his family's 590-acre farm, which includes the 30-acre plot once owned by the nation's 16th president. The (Charleston) Times-Courier and Mattoon Journal-Gazette reported the remaining 560 acres sold for $3.9 million on Feb. 12, or about $7,000 an acre.

The land once owned by Lincoln went for $10,000 an acre. A representative said the buyer wants to remain anonymous. Plans for the land have not been revealed.

Lincoln bought 40 acres in 1841 from his cash-strapped father. Six acres became part of the current Lincoln Log Cabin State Historic Site. The remaining 34 acres were eventually sold.

Kurtz auctions 2 Kentucky farms for total of nearly $1.3M

HENDERSON COUNTY, Ky. — A 161.124-acre tract of Ohio River bottom land with 145 acres of cropland, predominantly of Huntington silt loam soil, recently sold at a Kurtz Auction & Realty Co. sale for $934,519, or $5,800 per acre.

The Henderson County land had Ohio River frontage and received $1,100 per year for riparian rights for barge-fleeting purposes. It sold subject to a right of first refusal by the previous owner, which was waived.

Also recently, Daviess County, Ky., two tracts of rolling to hilly land totaling 111.388 acres with 60 percent wooded land and 40 percent open pasture land sold to two buyers for $350,872, or $3,150 per acre.

The only improvement to the land was a tobacco barn. The buyers were neighboring farmers, and this auction was also conducted by Kurtz.

For more information, call Kurtz Auction & Realty at 800-264-1204.

 

2/21/2019