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27.77+/- Acres Merrick County, Nebraska
Selling On Our
UNRESERVEDONLINE AUCTION
January 25, 2024
Bidding opens January 11, 2024, and ends January 25, 2024, at 10:00 a.m.
Description: Here is a great opportunity to own an all-electric, gravity irrigated farm and acreage very close to Grand Island with great access via State Hwy 30. There are 32.03 irrigated acres on the farm according to the Central Platte NRD in Grand Island, Nebraska, the gravity irrigation pipe does not sell with the farm. The adjacent railroad ROW has been farmed with this property for many years. There is a home on the property but has not been lived in for 20+ years and is not livable. There are adjacent buildings for storage on the property. The farm is leased for the 2024 crop season on a 60/40 share rate. Tenant 60, owner 40. The buyer will receive the 2024 lease rent. Possession is March 1, 2025. Tracts of this size, with new building potential and lease income don’t come up often! Own it with the Power of BigIron!
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Ramada Midtown Conference Center
2503 Locust St.
Grand Island, NE
Plan to Attend the Informational Meeting & Auction: BigIron Realty Agents will be at the Ramada Midtown Conference Center in Grand Island, NE on Thursday January 25, 2024, from 8:00 a.m. until the conclusion of the online auction. BigIron Representatives will be there to assist buyers with registering to bid online. Please come during the times to discuss the farm or call Rex Mahoney, listing agent, at 402-649-1816. You do not have to be present to bid online.
BIDDING PROCESS: You may place bids on this farm for 14 days, beginning January 11, 2024, and ending January 25, 2024, 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 24hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: E ½ SW ¼ Section 32-R12N-8W North of RR Less Tax lot 5 69-82VGG GIVD CL6, Merrick County, NE, containing 27.77+/- acres.
2023 Taxes: $1,976.22
Land Location: From Shady Bend Road on the east edge of Grand Island go east on Highway 30 for 3 miles to Lockwood Road. Go north to the inroad south of the Lockwood School and go west. Watch for the BigIron Realty signs.
Owner: Satie M. Olson Irrevocable Trust, Brenda Olson Trustee.
Title Services: Boone County Title & Escrow, Albion.
For more information, contact the listing agent: Rex Mahoney
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a $75,000 non-refundable down payment to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before February 29, 2024. Possession to be March 1, 2025. The seller will provide a marketable title to the buyer, evidenced by title insurance; the title insurance and closing costs are split 50/50 between the buyer and seller. The seller will pay the 2023 real estate taxes, and the buyer will pay the 2024 real estate taxes. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the financial arrangements made before 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
The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a $75,000 non-refundable down payment to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before February 29, 2024. Possession to be March 1, 2025. The seller will provide a marketable title to the buyer, evidenced by title insurance; the title insurance and closing costs are split 50/50 between the buyer and seller. The seller will pay the 2023 real estate taxes, and the buyer will pay the 2024 real estate taxes. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the financial arrangements made before 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.