Contact Form
Message has been successfully sent.
387.4+/- Acres Wallace County, Kansas
Selling On Our
UNRESERVED ONLINE AUCTION
October 17, 2023
Bidding opens October 3, 2023, and ends October 17, 2023, at 11:00 a.m. MDT
Here’s 387.4+/- acres of contiguous farmland in Wallace County, KS, running 1.5 miles east and west. It has 378.95+/- acres of cropland enrolled in the Conservation Reserve Program(CRP) through 9-30-2026. If you want CRP in your land portfolio, own this one. It pays $58.96 per acre or $22,343 per year. The buyer receives the 2024, 2025, and 2026 CRP payments. The possibility of it being eligible for CRP re-enrollment in the future is strong, because it's currently enrolled in the SAFE – Kansas Lesser Prairie-Chicken (LPC) Grassland Restoration practice. This is a favorite practice of conservationists and USDA, as reflected in the $58.96 per acre rental rate. There are deer, antelope, and pheasant all over the area. The soils are primarily Bridgeport and Ulysses silt loams with 0-3% slopes, so it’s good cropland if you ever want to return it to grain production. It was approved for CRP emergency grazing through 9-30-23. The cattle have hardly phased it, and the grass is in excellent condition. The seller pays the 2023 property taxes. The seller’s mineral rights go to the buyer. Historically, the 'Butterfield Overland Despatch Stage Line' passed through this property east to west beginning in 1865 for a stop at Ft. Wallace. The Ft. Wallace cemetery is 3/4 of a mile west of the property. The Smokyhill River is 1/4 of a mile south. To find the land, start at Wallace, KS, on US Hwy 40, go 4 miles east to 30 Road, then 2 miles south. The property is bordered on the east by 30 Road and on the south by Outpost Road.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
Public Library
414 N. Main
Sharon Springs, KS 67758
BigIron Realty Agents will be at the Public Library in Sharon Springs, KS, on October 17,2023, from 9:00 a.m. MDT until the conclusion of the online auction. Please come during the time scheduled to discuss the land. BigIron Realty Representatives will assist buyers with registering to bid, making online bids, and answering questions. You do not have to be present to bid online, but you must be available by phone.
BIDDING PROCESS: You may place bids on this land for 14 days beginning October 3, 2023, and ending October 17, 2023,at 11:00 a.m. MT. 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 before the auction closes or call 800-887-8625 for assistance.
Legal Description: SE 1/4 21-13-38 & SE 1/4 and S 1/2 of SW 1/4 22-13-38 (Wallace County, KS)
2022 Taxes: $1,762.44
Land Location: From Wallace, KS, on Hwy 40, go east 4 miles to 30 Road and turn south 2 miles. Signs are posted.
FSA: 378.95 acres enrolled in CRP (no base or PLC yields active).
Mineral Rights: Seller’s mineral rights go to the buyer.
Possession: At closing.
Owner:
Roland Meyer
Title Services:
Outback Title & Escrow Company
For more information, contact the listing agent:
Mike Campbell, 785-821-0619
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 Outback Title & Escrow Company, 126 North Main St., Sharon Springs, KS, 67758 (785-852-4200). 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 November 17, 2023. The seller will provide a 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%. The seller pays the 2023 and prior year property taxes. The property will not be sold subject to financing. Have all 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 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 Outback Title & Escrow Company, 126 North Main St., Sharon Springs, KS, 67758 (785-852-4200). 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 November 17, 2023. The seller will provide a 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%. The seller pays the 2023 and prior year property taxes. The property will not be sold subject to financing. Have all 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.