A 30-acre plot of land in Illinois farm-country once owned by President Abraham Lincoln sold at auction last week, ahead of the Presidents Day holiday. The (Charleston) Times-Courier and Mattoon Journal-Gazette reported last week that land sold for $300,000 or $10,000 per acre. The buyer chose to remain anonymous.
The sixteenth president bought 40 acres in 1841 from his father Thomas Lincoln. Six of those acres have become a part of the Lincoln Log Cabin State Historic Site.
The birthplace, childhood homes and private residences of the nation’s chief executives are often given a special designations as national parks or historic sites. These include the John Adams Mansion, the Zachary Taylor House, Jimmy Carter’s boyhood home and the Bill Clinton Birthplace National Historic Site.
Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 4.25 percent, 15-year rates are near 3.75 percent and the 5-year ARM is averaging 4.25 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.