"One of the challenges in selling this real estate was that there were few comparable properties on which to base a meaningful asking price. The court handling the family's estate matters decided an auction would be the best solution. We had a great crowd and great competition. Members of the family were grateful afterward," said R.D. Schrader, president of the auction company.
Dr. Pittman, who died in 2014 at the age of 81, helped establish the cardiovascular program at Indiana University Health's Methodist Hospital.
The properties were offered in three tracts and sold to three separate buyers. The 5.7-acre tract with the large home on West 106th Street in Carmel sold for $782,800. The adjacent 2.7 acres with the party barn sold for $458,350. The third property, located in Zionsville, sold for $736,450.
Upcoming auctions for Schrader include the offering of approximately 303 acres of farmland in Laporte, Indiana (on Monday, January 30), and 260 acres in Blackford County.
Individuals seeking additional information on those and other auctions may visit www.schraderauction.com or call 800-451-2709.
Schrader Real Estate and Auction Company, based in Columbia City, Indiana, is a leading auctioneer of real estate throughout the United States and is a five-time USA Today/National Auctioneers Association Auction of the Year winner.
For more information:
Carl Carter, 205-823-3273
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/properties-of-noted-indianapolis-heart-surgeon-sell-at-auction-for-1997600-300396599.html
SOURCE Schrader Real Estate and Auction Company