ID# BIR22011
Location:
S Hutchinson, KS
Auction:Jan 18, 2022
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By bidding you are agreeing to terms and conditions of BigIron Realty. Click Terms and Conditions to view details.
The bidding increments will be US $50/acre. The final sale value will be calculated based on total acres times highest bid.
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833.71+/- Acres Reno County, Kansas
Selling in 6 Tracts On Our
UNRESERVED ONLINE AUCTION
January 18, 2022
Bidding opens January 4, 2022, and ends January 18, 2022, at 10:00 a.m.
Tract 1:
This 127.86+/- acres has location, location, location 1/8th of a mile north of the Hutchinson, KS, city limits at the intersection of Hendricks and 43rd Streets. Two rural residences and a Hutchinson water well station on this quarter do not sell with the 127.86+/ acres. In addition to crop production, this acreage has residential development potential. There are 1,662 feet of paved frontage on Hendricks Street along the east side of the property. There are 1,819 feet of frontage along 43rd Street on the north side. This is a great investment opportunity for both farming and for rural homesite demand close to Hutchinson. Don’t miss this rare opportunity.
A four-strand barbed wire fence on steel posts goes around the property, except for a 10-acre private homesite in the northwest corner. This 10-acre homesite does not sell as part of the 127.86+/- acres, and the perimeter of the homesite is not fenced off. Approximately 8 acres of this homesite is farmed together with the 127.86+/- acres. There are two steel gate entrances to the 127.86+/- acres. Larger farm equipment enters through the 10-acre homesite just described.
Soils are level 0 to 2% slopes. 16.9 % is ‘prime class 2’ soils. 13.7% are ‘class 2 soils of statewide importance.' 69.4% is class 4 Darlow-Elmer complex. It was planted to 2021 grain sorghum and is now planted back to wheat for harvest in 2022. The Buyer receives a $70 per acre cash rent payment from the tenant on or before December 1, 2022.
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:
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 January 17, 2022, from 1:00 to 5:00 p.m. and again on January 18, 2022, from 8:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the land. BigIron Realty Representatives will be there to assist Buyers with registering to bid, making online bids, and to answer questions. 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 January 4, 2022, and ending January 18, 2022, 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 will be 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 please register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Legal Description: NE 34-22-6, less 3 tracts (127.86+/- acres) Reno County, KS.
2021 Taxes: $338.90
Land Location: Southwest of the Hendricks & 43rd Street intersection, on the northwest corner of Hutchinson, KS. Signs are posted.
FSA: Crop Base PLC Yield
Wheat 89.7 32
Gr. Sorg. 56.4 47
Mineral Rights: Sellers mineral rights go to the Buyer at closing, believed to be 100% intact.
Water Rights: To the Buyer at closing.
Possession: To the Buyer at closing subject to tenant's rights ending the earlier of 1) conclusion of 2022 wheat harvest; 2) destruction of the wheat crop; or 3) August 1, 2022.
Owner: Henry A. Hinz, Trust
Title Services: Security 1st Title, 1001 N. Main, Hutchinson, KS
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 enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment 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 February 18, 2022. 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 the Buyer's lender 100%. The Seller will pay 2021 and prior year taxes. The Buyer will pay 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
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