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 $50/acre. The final sale value will be calculated based on total acres times highest bid.
Closes:
38
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425.5 +/- Acres Reno & Rice County, Kansas
Selling in 5 Tracts On Our
UNRESERVED ONLINE AUCTION
February 13, 2020
Bidding opens January 23, 2020, and ends February 13, 2020, at 10:00 AM
Tract 5: These 72.18 +/- acres are all ‘Prime Farmland’ with oil income to pay the taxes. The land is close to grain markets being just one mile south of Sterling, KS, on Highway 96 to Ave X, then 2.5 miles east to 18th Ave. Soils are nearly level Canadian fine sandy loam, Saltcreek & Naron fine sandy loam, and Kaski loam. These prime soils are among the most productive in Rice County. There are 71.47 acres of cropland, 0.46 acres in trees in the northeast corner, and 0.25 acres in an oil well site on the south. The 71.47 acres of cropland has 71.02 acres of FSA base. The cropland is divided by the K&O railroad, with 51.23 acres north and 20.24 acres south of the railroad. Moving between the two tracts is easy as 18th Ave borders the land on the west and crosses the rail line. Ave X borders the land on the south. There is a producing oil well on the south side of the property producing approximately $109 in royalty income to the seller per month that sells with the property. The seller states the buyer of this tract, along with landowners on four sections of adjoining land, share in the royalty income from this well and from any other wells that may be developed in the future on the four sections. Cropland is currently idle and ready for your 2020 farming operation. 100% of the seller’s mineral rights go to the buyer. Immediate and full possession goes to the buyer at closing with no tenant interest.
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:
Studio 96
121 South Broadway
Sterling, KS 67579
BigIron Realty Agents will be at Studio 96, in Sterling, KS, on Wednesday, February 12, 2020, from 1 to 5 p.m., and February 13, 2020, from 8 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. 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 farm beginning Jan. 23, 2020, and ending Feb. 13, 2020, at 10:00 a.m. This unreserved online auction features bidding extensions. All tracts sell individually with no combination of tracts. The closing times will be automatically extended when any one of the tracts receives a bid in the last five minutes and all tracts will close simultaneously when none of the tracts receive a bid for five minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract. 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 of SW ¼ 25-21-8 (Rice County, KS)
2019 Taxes: $976.04
Land Location: One mile south of Sterling, KS, on Hwy 96 to Ave X, then 2.5 east to 18th.
FSA: Base Yield
Wheat 32.22 42 bu.
Corn 29.77 124 bu.
Soybeans 9.03 39 bu.
Total 71.02
Mineral Rights: Sellers rights 100% to buyer
Water Rights: Pass to a buyer
Possession: At closing
Owner: River Valley Farms, Inc - Gary Proffitt
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, 108 East Ave S, Lyons, KS. 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 March 6, 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 for 2019 to be paid by the seller. 2020 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.
Location
Terms
Please see each Lot for detailed Terms