Flat Tops ranch land auctioned this month | PostIndependent.com

Flat Tops ranch land auctioned this month

More than 1,400 acres of one-time ranch land near the Flat Tops will be sold by auction later this month. A Roanoke, Va.-based auctioneer plans to hold the land auction at noon on Saturday, July 26, in the Hotel Colorado. The land, known as West Elk Ranch, is located off West Elk Road about seven miles north of Silt between Buford Road and East Rifle Creek. The sale comprises 34 tracts of land, ranging from 35 to 66 acres.”This is an old ranch. The Bruces owned it for years and years,” said Chris Leverich, broker for the property. The ranch was sold by the Bruce family around 20 years ago, he said, and has been owned by several people since then.According to a description of the properties given by the company running the auction, Woltz & Associates, the ranch “with its beautiful aspen-, spruce- and lodgepole pine-covered ridges, is adjacent to thousands of acres of the White River National Forest and borders both lands of the Bureau of Land Management and Rifle Falls State Park.”Ten of the tracts will be sold absolute, which means they’ll be sold for the highest bid, no matter what that bid is. The other 24 tracts have a minimum price per acre. Those minimums range from $1,000 to $2,900 per acre. Buyers can purchase a single tract, any combination of tracts or the entire ranch, said Jim Woltz, owner of Woltz & Associates.On-sight previews of the property will be given to anyone interested in buying a parcel. The property will be open for those previews from 10 a.m. to 6 p.m. on July 12, 13, 19, 20 and 25.Woltz said some good deals could be found at the auction and the minimum prices were set so people would have an idea of how much each parcel might sell for. “We wanted to let the potential buyers know we’re serious about this,” Woltz said.Woltz and Associates hold auctions for thousands of acres of land each year, but the West Elk Ranch sale will be the company’s first large land auction in Colorado. “The auction method is becoming the preferred method of selling real estate,” Woltz said. He said in two hours a property owner can sell what might take two years to sell using normal real estate sales tactics.”Nationwide, it’s becoming more of an appreciated and accepted form of selling real estate,” he said. Woltz said he expects many of the bidders at the auction to be people interested in recreation. He’s advertising the auction locally, statewide and even on the East Coast. “It’s been in the Wall Street Journal,” Woltz said.He said for a sale of this size, he expects 100 to 200 people to show up at the Hotel Colorado for the auction. “This is going to be a buyers’ freedom sale,” he said.Contact Greg Mass: 945-8515, ext. 511gmasse@postindependent.com

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