Largest ranch in south-central Kansas sells at auction
08/17/2013 7:14 AM
08/17/2013 7:15 AM
Auctioneers on Friday sold off one of the largest ranches ever sold in south-central Kansas, for $13.5million.
The 9,100 acres of rolling pasture in Greenwood County, owned by the Frank N. Bills Living Trust, was broken into 16 tracts and sold to seven buyers, from Texas, Nebraska and Kansas, said auctioneer Jeremy Sundgren of Sundgren Realty of El Dorado.
The average price was $1,475 per acre.
Sundgren said this is the largest ranch that his company had ever auctioned. He said it was one of the largest ranches auctioned in south-central Kansas.
The buyers were all owner-operators, rather than investors, Sundgren said. There were 400 in attendance at the auction, held at the Eureka Community Building, and bidders from seven states.
Sundgren said Bills was exceptionally hardworking, and that he had assembled the land himself over many decades. He died in January at age 70, according to his obituary. The trust decided to sell the land.
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