LAKE TOWNSHIP (Ohio) – There won’t be any mulligans at Seven Hills Country Club.
The 18-hole golf course, which was in hibernation this past winter, was divided up and sold to nine different buyers in a simultaneous online auction and an in-person one at the site on Friday afternoon. The property is unlikely to be a golf course again, as no bidders attempted to overthrow the buyers.
Around 175 people attended this sale conducted by Kaufman Realty & Auctions of Sugarcreek at the former golf course. All 159 acres of land and a house adjacent to it, just east from Hartville, were sold in less than an hour.
The total sale price for the final product was $3.3 million.
Seven Hills Country Club: No interest but no bids to purchase the entire club
Most of the property will likely be used as home sites in the future. The land is already zoned for housing.
The auctioneer Jr. Miller told the crowd that there were “building sites galore”.
First, a renovated house with more than four acres of land sold for $620,000 plus 10% premium. Next, the actual course was sold. Then came the course itself.
Miller told the crowd during a slowdown in bidding, “Don’t leave home without land.”
Miller stated that two potential buyers expressed interest in purchasing the entire site before the auction so it could once again be operated as golf course.
He said, “But it didn’t just happen.”
There was an opportunity, but it wasn’t there.
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Bidders were given the opportunity to buy the site at the end for at least 1% over the $3.3 million total from the individual bids. Miller waited. Miller waited.
He took a short break just in case anyone needed to call.
No one bid for the entire site. If anyone had bid, the previous individual bidders would have each had one chance to increase their offers. The overall buyer would have then had to surpass that.
The golf course has been idled this season
Miller stated that he expects the sales to be completed within 90 days.
Seven Hills was constructed along William Penn Avenue NE, in 1968. Gran Family owned the property for the majority of the last half century. The course, which was once a finely manicured layout, was rated as one of the best public layouts around.
The Grans will sell the course, two houses and a golf club in 2020 to a limited-liability corporation for $2.7m. James Gesiotto and his family, a Mount Eaton dentist and Jackson Township resident, led the group that purchased the course and two houses in 2020 for $2.7 million.
The course was open until the end of 2022 but closed this season.
A second auction is scheduled for Saturday morning at 10 am to sell equipment used in course maintenance and restaurants.
Reach Tim at 330-580-8333 [email protected] Twitter: @tbotosREP