The Dawson County Register of Deeds reported six significant real estate transactions for the week ending October 10, totaling an estimated $1.47 million in property value. The sales, which spanned residential, commercial, and land parcels, occurred in Lexington, Cozad, Farnam, and surrounding rural areas, indicating a diverse range of market activity.
These transactions generated a combined $3,303.68 in documentary stamp tax revenue for the county. The sales included a notable commercial property transfer in Cozad and a large tract of agricultural land, highlighting varied investment across the region.
Key Takeaways
- Six real estate transactions were recorded in Dawson County for the week ending October 10.
- The total estimated value of the properties sold is approximately $1.47 million.
- Sales included residential homes, commercial lots, and agricultural land parcels across Lexington, Cozad, and Farnam.
- A single land transaction accounted for an estimated $369,137, representing the week's highest-value sale.
- Commercial activity in Cozad included a multi-lot sale to a local supply and rental company.
A Detailed Look at the Week's Transactions
The Dawson County Register of Deeds provides a weekly summary of property transfers, offering a transparent view of the local real estate market. The figures released for the second week of October show a mix of sales, from individual family homes to strategic business acquisitions. The value of these properties can be estimated based on Nebraska's documentary stamp tax, which is levied at a rate of $2.25 for every $1,000 of the sale price.
By analyzing the tax revenue recorded for each deed, we can gain a clearer picture of the financial scope of each transaction and the overall health of the county's property market.
Highest Value Sale Involves Rural Land
The most significant transaction of the week was the sale of a tract of land in the Southwest Quarter of the Northwest Quarter of Section 30, Township 10 North, Range 23. The property was transferred from sellers Tonya L. Weatherly, Randy S. Weatherly, Todd C. Bean, and Sheri R. Bean to buyer Megan Burkholder.
Transaction by the Numbers
- Sellers: Tonya L. Weatherly, Randy S. Weatherly, Todd C. Bean, Sheri R. Bean
- Buyer: Megan Burkholder
- Tax Revenue: $830.56
- Estimated Sale Price: Approximately $369,137
This sale alone accounted for roughly 25% of the total estimated transaction value for the week. The legal description suggests a parcel of agricultural or undeveloped land, a common and valuable asset class in central Nebraska.
Commercial and Development Activity in Cozad
The City of Cozad was a center for business-related real estate activity this week, with two key transactions involving commercial entities. These sales point to ongoing investment and development within the city's commercial sector.
Big Red Supply and Rentals Acquires Downtown Lots
In a significant commercial deal, Gary E. Brooks and Cheryl L. Brooks sold four adjacent lots to Big Red Supply and Rentals, LLC. The properties, identified as Lots 7, 8, 9, and 10 in Block 9 of the Original Town of Cozad, were part of a single transaction.
The sale generated $580.00 in tax revenue, placing its estimated value at approximately $257,777. This acquisition by a local business suggests potential expansion or a new operational base in a central part of the city.
Cozad Development Corporation Sells Lot
Furthering the theme of local development, the Cozad Development Corporation sold a property to Diane K. Eggers and Dana R. Eggers. The transaction was for Lot 1 in Block 5 of Ogorsolka’s First Addition to the City of Cozad.
This sale resulted in $684.40 in revenue stamps, which translates to an estimated purchase price of $304,177. Sales from development corporations are often crucial for facilitating new construction, whether for residential or commercial purposes, and signal planned growth in the area.
Residential and Estate Sales Across the County
Beyond the larger land and commercial deals, the week's report also included several residential and estate-related transfers, reflecting the regular movement of families and the settlement of personal affairs within the community.
Understanding Estate Sales
When a property owner passes away, their assets, including real estate, are often managed by a personal representative of their estate. This representative is legally authorized to sell the property to settle the estate's affairs and distribute the proceeds to heirs. These transactions are a common part of the real estate cycle in any community.
Lexington Home Sells for Over $160,000
In Lexington, Humberto Gonzalez and Elizabeth Gonzalez sold a residential property to Trevor W. Galas. The property is described as Lot 7 in Block 3 of Darner’s First Subdivision.
The transaction recorded $366.56 in tax revenue, indicating an approximate sale price of $162,915. This sale represents a typical residential home transfer within the city.
Estate of Doran G. Post Property Transferred
Catherine A. Seberger, acting as the personal representative for the Estate of Doran G. Post, finalized the sale of a property in Lexington to Marco Antonio Euyoque Hernandez. The parcel is described as the North 50 feet of the South 100 feet of Lots 5 and 6 in Block 16 of the Original Town of Plum Creek, now the City of Lexington.
This sale generated $262.16 in revenue, for an estimated property value of $116,515.
Betty Remus Estate Sells Multiple Lots in Farnam
In the town of Farnam, Janet C. Remus, the personal representative of the Betty Remus Estate, completed a sale to Calder Russman. The transaction included five separate lots: Lots 20, 21, 23, 24, and 25 in the County Addition to Farnam.
The sale generated $580.00 in tax revenue, the same as the Cozad commercial transaction, for an estimated total value of $257,777. The sale of multiple lots in a single transaction could be for residential development, personal use, or investment purposes.
