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Print

Virginia lake sells for $243,000

September 28, 2011 at 07:39 AM

The State Journal-Register

VIRGINIA — The city of Virginia sold its 18-acre lake and surrounding property for nearly 40 percent more than its appraised value.

Lou Messervy of Cantrall purchased the 62.35 acres for $3,900 an acre during a public auction Monday night. The total sale price came out to $243,165, Virginia city attorney Luke Thomas said.

The land was appraised at $175,000.

“The auction went extremely well from the city’s point of view,” Thomas said.

Messervy could not be reached for comment. It was not immediately clear what he will do with the land.

“He indicated he was undecided as to what he was going to do with it at this point,” Thomas said.

The recent completion of a new public water facility prompted the Virginia City Council to decide to sell the lake property, which formerly was the city’s drinking water source.

The lake’s most recent use was as a public fishing spot. The shelter house, the only structure on the property, is sometimes used for picnics.

Sullivan Auctioneers of Hamilton handled the auction, which drew at least five active bidders, Thomas said.

Virginia city officials hope sale of the lake property will spur development of the site, which is on Virginia’s north side on the west side of Illinois 78, about 30 miles northwest of Springfield.

The city is pursuing creating a tax increment financing district that would extend from the city square and include the lake property, officials said.

Your CommentsComments :: Terms :: .(JavaScript must be enabled to view this email address)

Don’t ask the folks in this community what they think of this sale and what it sold for. It isn’t good. How they can say this property appraised for this amount I don’t know. A lot of the town’s people fished there also but the city didn’t maintain the property very well either. There is water, sewer and gas there. In my town just South East and maybe 15 miles from there, 80 acres sold, water and gas with 30 acres poor tillable ground sold for $450,000. And this also is a heartbeat away from Site M also. Good buy for the new owner, but I think the residents of Virginia lost out on keeping something nice for their village.

Posted by .(JavaScript must be enabled to view this email address) on 09/28 at 12:22 PM

Yes the residents of Virginia lost out.. The lake was killed off around 4 years ago and the fishing is great for gills/redear and channels. It would have been a great spot to take the family out for a picnic or a over night camping trip but for the past 10 years or so it hasn’t been take care off. The city would like for new people to build and mover in but doesn’t seem to much interested in providing much to do as a family. Little chance of them waking up.

Posted by fishinpals on 09/28 at 04:10 PM

The money they received from the sale will not be put to use for the residents of the city. Probably will be banked, as usual, and talked about how much money they have saved.

Posted by fishinpals on 09/28 at 04:13 PM

The lake had good Crappie too according to a guy I work with from Virginia. I also wonder why they kept the lake they had before this one that is out in the country. I go by it on the way to Site M sometimes and never see anybody fishing there but hear it is good fishing also. I know a lot of small towns are hurting for money like everyone else, but I also think there are a lot of other towns, small & large that would love to have had something like this within their city limits. They will never be able to replace it.

Posted by .(JavaScript must be enabled to view this email address) on 09/29 at 10:46 AM

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