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241.57+/- Acres Reno County, Kansas
Selling On Our
UNRESERVED ONLINE AUCTION
March 22, 2022
Bidding opens March 8, 2022, and ends March 22,2022, at 11:00 a.m. CDT
This property sells as 241.57 taxable contiguous acres. It's located 4 miles north and 2 miles west of its grain delivery point in Sylvia, KS. It has excellent access 2 miles west of paved Netherland Road and 2 miles south of paved 4th Street at the southwest intersection of Blanchard and Brownlee Roads. There are 114.63 acres of CRP, 120.17 acres of cropland, and 6.77 acres of roads and other uses. The CRP pays $62.20 per acre. The Buyer will receive 100% of the annual CRP payment of $7,130.00 for ten years. Accordingly, the Buyer pays all 2022 property taxes. The Seller pays all 2021 and prior year property taxes. The 120.17 acres of cropland have 56.8 acres planted to wheat for harvest in 2022; 58.03 acres in milo stubble, and 5.34 acres planted in a non-CRP grass strip. The land is planted in alternating strips of cropland and chest-high CRP grass. A recent walk across the property flushed several pheasants out of the CRP. The soils are predominately productive class 3 soils of 'statewide importance' (choice soils just below prime) producing good stands of wheat and milo. The high CRP payment rate and taxes tell you the soils are good. A high voltage transmission line runs across the property from the northeast to the southwest and is ideal for future wind or solar energy development. The Buyer receives 100% of the Sellers mineral rights believed to be 100% intact. The Buyer receives a 1/3 crop share of the harvested wheat.
The bidding increments will be $50/acre. The finalsale price will be calculated based on total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
Community Center
101 W. Ave. C
South Hutchinson, KS 67505
BigIron Realty Agents will be at the Community Center in South Hutchinson, KS, (one block west of Gambino's Pizza) on March 22, 2022, from 9:00 a.m. CDT until the conclusion of the online auction. BigIron Realty representatives will be there to assist Buyers with registering to bid and placing bids 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 8, 2022,
and ending March 22, 2022, at11:00 a.m. CDT. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding is automatically extended to five minutes. This continues 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 800-887-8625for assistance.
Legal Description: NE ¼ and S ½ of NW ¼ 29-23-10
2021 Taxes: $2,106.84
Land Location: From Sylvia, KS, in western Reno County, go a ½ mile east on Hwy 50 to Netherland Road. Then 4 miles north to Blanchard Road, then west 2 miles. BigIron Realty signs are posted.
Base PLC
FSA: Crop Acres Yield
Wheat 78.24 34
Gr. Sorghum 41.93 54
Mineral Rights: Seller's mineral rights believed to be 100% intact, pass to the Buyer.
Water Rights: To the Buyer at closing.
Possession: To the Buyer at closing subject to tenant's rights on planted wheat acres ending the earlier of 1) conclusion of 2022 wheat harvest; 2) destruction of the wheat crop; or 3) August 1, 2022. Immediate possession at closing on unplanted cropland and CRP.
Owner:
Oklahoma Christian University, Inc
Title Services:
Security 1st Title, 1001 N. Main, Hutchinson, KS 67501
For more information, contact the 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, Hutchinson, KS 67501(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 April 22, 2022. The 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. The Buyer will pay additional title insurance required by a Buyer's lender 100%. Seller pays 2021 and prior year real estate taxes. Buyer pays the 2022 real estate taxes. 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
There may be several pages of items listed, scroll to the bottom of the screen to see all items. 1st item closes at Tue, Mar 22, 2022 11:00 AM CDT with each additional item closing at 60 minute intervals there after unless time extends.The auction carries a 5 minute extension. Any bids placed in the last 5 minutes of a time slot will extend the lot 5 additional minutes. This is an unreserved online-only internet auction event.No minimums, no reserves, no buy backs, no one bidding for the Seller.Each piece will sell without reserve to the highest bidder. To sell Equipment, Real Estate, Livestock on our next auction call a sales representative today, 1-800-937-3558.