A house that served 16 South Dakota governors couldn't draw even the minimum asking price at auction.
Bidding for the old mansion started at $600,000 Thursday in Rapid City. It fell to $375,000 before a man flashed the winning bid for $410,000.
That's not much more than the cost to move it from Pierre 10 years ago.
Sturgis auctioneer Dave Wilson says the price was below what Home Federal Bank of Sioux Falls wanted to sell it for, so the new owner had to negotiate a higher price, which wasn't disclosed.
The man identified only as Bill confirmed after the auction that he was the highest bidder. He lives in Arizona but is originally from South Dakota and says he's thinking about moving back.
Most Popular Today
- 1.Retail & Restaurants
Hy-Vee Offers Holiday Specials Through Facebook
GreatLife Malaska Golf & Fitness Announcement
Golf & Fitness Membership Details
New Apartments At Willow Run
Pierre Travelers Face Cancellations, Delays
- 6.College, General
NCAA Championships Mean Big Business For Sioux Falls
Minnesota2020: Increase Minimum Wage To $9.50
- 8.Development, Headlines
Events Center Has First Tenant, Interior Work Continues
Local Businesses Recognized For Employing Individuals With Disabilities
- 10.Development, Outdoors
Signs Of Spring