Sold! High and low real estate transactions

Anonymous
Nov 2, 2012

 

The following real estate transactions were the highest and lowest recorded in Erie, Ottawa and Huron counties for the week ending Nov. 2.

 

High:
Rum Road, Perkins Twp., Erie County, JRSMI, LLC, to Sandboro, LP, $1,312,500.

Low:
1315 Fifth St., Sandusky City, Erie County, US Bank National Assoc. to Timothy W. and Marra K. Stookey, $6,000.

 

For a full listing of real estate transactions, pick up a copy of Sunday's Register.

Comments

Julie R.

What's with all these LLC's when it comes to property, anyway? LLC's are used in a business --- like maybe a heating business or something --- in case the business gets sued the owner can protect his personal assets. So why would anybody that buys property need to protect their personal assets?

Serious

Rental Property business that's why....

eightballcuet1

Limited Liability Companies (LLCs) have become popular in recent years because of their attractive benefits, such as limited liability for members and pass through taxation. Not sure what pass through taxation is.