Ashley, In - On Saturday, The Steffen Group Inc., the region’s premier real estate auction marketing firm, sold at auction 174 acres of northern DeKalb County Indiana Farmland.
The farms were offered in 8 individual tracts and in any combination. A large crowd of over 100 people were in attendance, with over 50 registered bidders. The property sold to 2 different buyers for $1,073,000.00. 168.72 acres of tillable and wooded land sold to one individual for $960,000.00; a 5 acre tract with home and farm buildings sold to a separate bidder for $113,000.00.
Brandon Steffen, President of The Steffen Group, said this auction set record prices for northern DeKalb County Farmland. As we approach the spring planting season, the Midwest continues to see strong demand for quality farmland; creating strong prices as the local farmers compete for the land against institutions and large real estate investors.
The Steffen Group, based out of Fort Wayne, Indiana, handles the sale of Millions of Dollars in Real Estate and Assets annually. For additional information please visit their website at www.steffengrp.com or contact them at 260-426-0633.