News

Bidding war produces $114,000 gain for county

By Bill Moss, Published: April 19, 2017

After five bounces between two bidders, Henderson County sold property on Sixth Avenue West to a physician who made the initial offer last November.

The Henderson County Board of Commissioners on Wednesday authorized the sale of the property to Dr. Leon Elliston for $286,000 — $114,000 more than Elliston's initial offer of $172,000 in November.

Elliston and Lemuel Oates, the owner of Manual Woodworkers and Burntshirt Vineyards and a commercial real estate investor, raised the price over several months in an upset bid process required under state law for the sale of public property. The property, at at 714 Sixth Avenue West, contains a two-story 5,436-square-foot house that was home to the Sixth Avenue Clubhouse, a facility operated by Thrive, a mental health provider. The 112-year-old house is valued at $171,200 and the entire tract has a tax value of $372,400.