Per Acre
By bidding you are agreeing to terms and conditions of BigIron Realty. Click Terms and Conditions to view details.
The bidding increments will be US $50/acre. The final sale value will be calculated based on total acres times highest bid.
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548.62+/- Acres Reno County, Kansas
Selling in 5 Tracts At
UNRESERVED ONLINE AUCTION
April 6, 2021
Bidding opens March 23, 2021, and ends April 6, 2021, at 10:00 AM
This 157.94+/- acres has excellent access on Blanchard Avenue, a half-mile west of paved Langdon Road. Once on Langdon Road, you're 2 miles south of paved 4th Street and 3 miles north of Hwy 50. Grain delivery is 6.5 miles to Sylvia, KS. It has 156.63 acres of cropland planted to fertilized wheat and a 1.31- acre tree row on the north. It borders a walk-in hunting area to the east with a lot of deer sign between the two properties. The soil is approximately 54% Solvay loamy fine sand 0-2% slope, a type 2 soil of state-wide importance. Approximately 37% is Hayes-Solvay loamy fine sands 0-5% slopes, a type 3 soil of state-wide importance. The remaining 9% is Abbyville loam 0-1% slope, a type 3 saline soil of approximately 14 acres in the quarter's southwest corner. The Buyer also receives a .03645834 royalty share from a gas well on the quarter immediately north of this tract. The gas well is on the SW ΒΌ 20-23-9. Royalty payments received are: 2015 = $708; 2016 = $765; 2017 = $953; 2018 = $535; 2019 = $1,112; and 2020 = $278.
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
Gambino's Pizza Meeting Room
310 S. Main St.
South Hutchinson, KS 67505
BigIron Realty Agents will be at Gambino's Pizza Meeting Room in South Hutchinson, KS, on Monday, April 5, 2021, from 1:00 to 5:00 p.m., and again on Tuesday, April 6, 2021, from 8:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the land. BigIron Realty Representatives will be there to assist Buyers with registering to bid online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this land for 14 days beginning March 23, 2021, and ending April 6, 2021, at 10:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Legal Description: NW 29-23-9.
2020 Taxes: $1,347.63
Land Location: On Blanchard Avenue a half-mile west of Langdon Road in western Reno County.
FSA:
Base Acres PLC Yield
Wheat 136.27 34
Oats 4.26 42
Gr. Sorghum 16.10 54
Planted Wheat: 1/3 to the Buyer.
Mineral Rights: All Seller's mineral rights go to the Buyer, which are believed to be 100% intact.
Water Rights: To the Buyer.
Possession: At closing subject to tenant's rights. Full possession after wheat harvest.
Owner: Leonard A. Banz Rev. Trust
Title Services: Security 1st Title
For more information, contact listing agent:
Mike Campbell 620-899-6989
Terms: The sale is subject to all rights of way and easements, whether recorded or not and to oil and gas leases of record, if any. The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 1001 N. Main St., Hutchinson, KS 67501 (phone: 620-669-8289). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before May 7, 2021. Seller will provide marketable title to the Buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer and Seller. Additional title insurance required by a Buyer's lender will be paid 100% by the Buyer. Real estate taxes will be prorated to the date of closing. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the Seller.
Location
Terms
Please see each Lot for specific terms.