Wednesday, December 14, 2011

City Purchases Land at Auction

The City of Scottsdale paid $41 million at an Arizona State Land Department auction on Dec. 14 to acquire 2,482 acres of land, according to auction results posted online.

Property Location: McDowell Sonoran Preserve
Parcel Information: T4N, R5E, SECS 1, 2 & 12; T5N, R5E, SECS 24, 25 & 35
County: Maricopa
Acreage: 1,937.19 +/-
Appraised Value: $41,000,000.00
Total Selling Price: $41,000,000.00
Successful Bidder: City of Scottsdale
# of Bids: 1 bid