Some 20 people gathered at the Grundy County Courthouse last Wednesday afternoon to view a trustees’ real estate sale of a former business location: the Country Home Inn.
An attorney, John Franken of Carrollton, conducted the sale outside (at 2 o’clock) at the west steps of the Courthouse to satisfy a debt. Franken began the public sale by reading the real estate legal description, his duties as the trustee, and then announced the property would sell for the highest bid received.
Only one bid was made during the brief sale. The Carroll County Trust Company made an offer of $800,000, and it was accepted by the trustee.
TNT Investments Incorporated of Trenton had owned the property at 1845 Hoover Drive since a deed of trust was recorded in Grundy County in September of 2012. Then on November 25th of last year, a sign posted to the front door of the motel announced it was closing due to foreclosure. It was Trenton’s only motel since a 2017 fire closed Lakeview Motel. A website notes there are 34 sleeping rooms at the two-story building formerly known as Country Home Inn.
Now, it will be up to officials of the Carroll County Trust Company to sell the real estate. A bank representative at the sale reported a management team is in place and he anticipates the motel would re-open on Monday (February 10, 2020).
The bank representative stated the motel remains furnished, utilities were kept on, and 2020 taxes would be pro-rated to a new buyer. Carroll County Trust Company can be contacted for details and other specifics regarding the nearly quarter of an acre (0.242) site at Trenton.
