Large block of farmland near Noblesville, Ind. sold for over $29,000/acre
An eager crowd gathered into the Hamilton County Fairgrounds on Nov. 23 in anticipation and interest of a large block of farmland divided into 6 tracts located near Noblesville in northern Hamilton County, IN just south of Purgatory Golf Course. Among the crowd in attendance and those bidding online, 71 registered bidders expressed their interest in this unique property offering 130+/- total acres (100+/- tillable and 28+/- wooded), ample road frontage, and a myriad of potential uses as building sites, recreation and agricultural production.
Strong bidding kicked off the auction as several interested bidders made offers on various individual tracts. As the price per acre began to climb, combination bids and single bids for the whole farm began to win out which became a bidding war amongst a select few bidders. The crowd watched in anticipation as a competing bidder inside the room and a counterpart online continued to battle it out. After approximately 2 hours, Auctioneer Rusty Harmeyer of Halderman-Harmeyer Auction & Appraisals sold the farm to a single bidder for $3.8 million or $29,292 per acre.
“This sale demonstrates the strength of the farmland market in Central IN. While this parcel lies in Hamilton County, widely known for its residential and commercial development, this parcel is currently zoned for agricultural use and does not have city utilities on site today. The multi-parcel auction system allows all types of bidders to compete, from farmers, to hunters, to home site buyers. This achieved excellent results for our seller and allowed all interested parties a chance. We feel that is important for all properties we sell.” stated Howard Halderman, President of Halderman Real Estate Services and Halderman Farm Management Service.
For more sales results or to view our upcoming auctions visit our website at Halderman.com. If you have a farm real estate need or question, Halderman Real Estate and Farm Management can provide comprehensive proposals at no charge. Contact us toll free at 800-424-2324.