NOT SOLD (BIDDING OVER)
0.00USD
This item WAS NOT SOLD. Auction date was 2005 Dec 05 @ 10:30UTC-07:00 : PDT/MST
Parcel #1B: FLOOD IRRIGATED w/IMPROVEMENTS -
462 +/- ac; R/E taxes: $3,256; 307.6 ac flood irr, 154.4 ac
subirrigated pasture/rds/waste; Irrigation water & assessment
includes: 51 shares of The Sterling Irrigation Company
(2005 assessment: $2,805), delivered via lateral; Improvements
include 3 improvement sites w/3 homes & machine
shed; 148.4 ac FSA corn base & 31.7 ac FSA wheat
base; 139.6 ac growing alfalfa; Highly productive farm.
Hwy. 138 borders east property line.
SUGGESTED OPENING BID: $710,000
Auction Location:
Ramada Inn, Sterling, Colorado, United States
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
0% |
Additional Fees:
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AUCTION DATE/LOCATION December 5, 2005, Ramada Inn, (1/2 mile east on Hwy. 6 from the I-76 Exit #125) Sterling, CO, 10:30 a.m., MT.
LOCATION Properties included in the auction are located 5 miles NE of Sterling on Hwy #138 to the SW corner of Parcel 1A. Hwy #138 borders the south property line for 3.67 miles, Hwy #113 borders the east property line for 1.86 miles, CR 46 (Jessica Rd) borders the north property line for 2 miles.
OVERVIEW The “PEDRONI & GIACOMINI INC. LAND AUCTION” is a HISTORIC sale of HISTORIC property. This is a once in a lifetime opportunity to purchase property that is being offered for sale for the first time in 111 years and once sold, the opportunity to purchase same may never occur again. Seldom is there a land offering of 3,526 acres in one block in the South Platte Valley, let alone offered for sale with such senior water rights as The Sterling Irrigation Co. and with such substantial ownership interests in both The Sterling Irrigation Co., and The North Sterling Irrigation District. This property is situated in a highly productive area with many unique opportunities for further development. This absolute auction allows individuals to invest in the future, expand their current operation and/or relocate to acquire a sizable, viable working operation.
A partnership, Pedroni & Giacomini, consisting of Tom Pedroni and his friend Anthony Giacomini, was formed in 1894 shortly after they moved to Colorado from eastern Nebraska, having sold their independently owned farms in Stanton County, Nebraska. Together they purchased the first of the real property being sold at auction, together with shares of stock in the Sterling No. 1 Ditch. Tom Pedroni was a bachelor and Anthony Giacomini was the father of Lawrence Giacomini, the grandfather of the present stockholders of Pedroni and Giacomini, Inc. a Colorado corporation, organized by them in 1940. The corporation has continued to operate the farms as the partnership of Pedroni & Gi