Evening Republican, Volume 17, Number 53, Rensselaer, Jasper County, 3 March 1913 — Reports Completion of a Big Real Estate Deal. [ARTICLE]

Reports Completion of a Big Real Estate Deal.

John Herr, who bought the former McCoy ranch at McCoysburg some four years ago, reports having closed a big real estate deal last Saturday that cleared him SIB,OOO, With an investment of only SSO. Mrs. John R. McAlfee, of Ash Grove, near Battle Ground, owned 880 acres of land east of Pleasant Ridge and which’B. R. Nichols has had rented for the past five years. Last August Mr. Herr contracted to buy the farm for S4O per acre, the money to be paid over arid the deed conveyed on March Ist About three months ago he contracted to sell the farm to James Brown, of Chicago, who was represented by J. J. Lawler. Mr. Lawler paid $2,500, down and contracted to take the farm on March Ist. Both deals were completed Saturday and Mr. Herr made SIB,OOO cash, having bought the land for S4O an acre and sold it for a little, over S6O. Mr. Herr and son went to Everett, Mich., today, where he has about 1,200 acres of land and also a large hotel, which he expects* to trade for land while there. He states that when he bought the McCoy land from George W. Infield four years ago he was in debt $70,000, and that he has cleared all this up and has land free from incumbrance valued at $200,000. All this, he states, he has accomplished in four years in Jasper county.