General Description
Here’s a rare opportunity to own property in high demand and rarely on the market.It’s 301.0+/- acres of prime farmland and outstanding hunting. It’s 2 miles west and 1 mile north of South Haven, KS, in southern Sumner County, KS.Wellington, KS, the county seat, is 14 miles north. Wichita, KS, is 48 minutes north and Oklahoma City, OK, is 2 hours south, all on I-35.
Farm Service Agency (FSA-USDA) carries the land as 298.57 acres. Taxable acres are 302.8 acres. The property is selling as 301.0 +/-acres. A rural residence of 19.6 acres is located on the west side of the half-section. The rural residence is a separate ownership tract and does not sell as part of the 301.0 +/- acres.
All soil types on this land are considered ‘prime farmland’ by the Natural Resource Conservation Service (NRCS-USDA). Within the 301.0 +/- acres, FSA carries the cropland as 198.52 acres of which 7.87 acres are CRP expiring 9-30-2020. Sellers will retain the 2020 CRP payment. The remaining 190.65 acres of cropland include approximately 155.0+/- acres in crop production and 35.65 acres planted back to grass. The 155.0+/- acres are planted to soybeans. The buyer receives a one-third owner's share of the soybeans harvested this fall. The tenant's lease ends after soybean harvest. The farm has an FSA wheat base of 189.8 acres.
In the northeast corner of the property is approximately 32.48 acres of native hay meadow with a pond. It’s accessible from ‘Road 150’ on the north end of the property.The timber of approximately 70.0 acres borders ‘Shoo Fly Creek’ meandering 2.25 miles through the property with live water. The combination of timber, creek bottom, water, hay meadow, grass, and 4 cropped fields makes this a wildlife paradise. The property is full of White Tail deer and other wildlife. The Kansas Department of Wildlife & Parks has the property located in Deer Management Unit 15.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Raymond Frye Complex
320 N Jefferson Ave.
Wellington, KS 67152
BigIron Realty Agents will be at the Raymond Frye Complex in Wellington, KS, Wednesday, August 26, 2020, from 1:00 to 5:00 p.m., and Thursday, August 27, 2020, from 8:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty agents 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 farm for 14 days beginning Thursday, August 13, 2020, and ending Thursday, Aug. 27, 2020, at 10 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: W ½ 28-34-1 (301.0+/- acres Sumner County, KS)2019 Taxes: $1,550.26
Land Location: From South Haven, KS, take Hwy 81 west 2 miles to Tyler Road, turn north 1 mile to 160 Road. The land is northeast of the intersection of Tyler Road and 160 Road.
FSA: Wheat Base: 189.8 Wheat PLC Yield: 31 bu.
Mineral Rights: All of the Seller’s mineral interest transfers to the Buyer at closing.
Water Rights: Pass to the buyer at closing.
Possession: Following destruction, or harvest of the 2020 soybean crop.
Owner: Hummel Family, LLC
Title Services: Security 1st Title, Wellington, KS
For more information, contact listing agent: Mike Campbell 620-899-6989
Terms: This property sells “AS 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, 116 Harvey, P.O. Box 548, Wellington, KS 67152. The earnest money deposit can be made by personal check, company check, or by wire transfer. The balance will be due at closing on or before Sept. 25, 2020. 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. Bidding increments may be changed at the discretion of the Real Estate Agent. 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.
