Bids for Mahomet mansion to be opened Wednesday

Bids for Mahomet mansion to be opened Wednesday

Who’s in the market for a five-bedroom, eight-bathroom home with a two-story log cabin, 15,000 square feet of living space and 197 acres of land?

Sealed bids on Bruce Artwick’s 200-acre property along the Sangamon River will be opened at 3 p.m. Wednesday. 

The estate, once listed at $14.9 million and more recently on the market for $6.9 million, is available for a minimum bid of $850,000, said Michael A. Fine of Fine And Company LLC in Deerfield.

“I don’t think there’s any question it will be sold, based on the minimum bid. The minimum bid is at a very attractive price,” he said. “What I can tell you is that the interest has been a little bit lighter than what we expected on the property. But there is definitely interest and we believe it will be sold at the auction.”

It includes a two-story, English Arts and Crafts style mansion with a mere 15,000 square feet of living space, a 1,291 square foot rustic log cabin within a pine forest, and a 12-car heated and air conditioned automobile pavilion. There’s also 140 wooded acres, 60 acres of restored prairie and 3,590 feet of frontage on the Sangamon River.

A recent property assessment placed its value at $3.55 million.

Its current annual property tax bill is more than $82,500.

Artwick is an Illinois native, a University of Illinois graduate in electrical engineering, and the creator of the first consumer flight simulator software.

 

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