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Selling in 2 Tracts on Our
UNRESERVED ONLINE AUCTION
September 20, 2022
Bidding opens September 6, 2022, and ends September 20, 2022, at 11:00 am.
157.57+/- acres with154.02+/- acres of cropland. It’s 99.7% Hayes-Turon and Pratt-Turon 0-5% slope soils of ‘Statewide Importance’ class 3 just under ‘prime’ class 2. It was planted to grain sorghum in 2021 and then back to rye for grazing. The rye was grazed in the spring of 2022 until late July 2022. This tract has excellent FSA corn and grain sorghum bases totaling 145.9 acres with dryland PLC yields of 47bushels for grain sorghum and 120 bushels for corn. A windbreak borders the full north property line giving good winter wind protection for livestock. A tree grove in the middle of the quarter gives great livestock shade for spring and summer grazing.
The Seller plans to plant the quarter to 2023crop wheat by the closing date of October 20, 2022. The Buyer receives 1/3 owner’s share of the crop, with the option, at closing to buy out the Seller for his expenses in the 2023 wheat crop. The Buyer would then take 100% of the growing crop and full possession at closing.
The land is located in western Reno County, KS, three miles north of Sylvia, KS, on paved Netherland Road, then three miles west on Illinois Road. It’s bordered on the east by Raymond Road.
Grain delivery is 5.5 miles to Zenith, KS or 6 miles to Sylvia, KS, both on Hwy 50. Half of either distance is on paved roads.
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:
Sylvia, KS 67581
BigIron Realty Agents will be at the OASIS Restaurant, in Sylvia, KS, on September 20, 2022, from 9:00 CDT until the conclusion of the online auction. Please come at this time to discuss the land. BigIron Realty representatives will be there to assist Buyers with registering to bid and placing bids 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 land for 14 days beginning September 6, 2022, and ending September 20, 2022, at 11:00 am. 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: SE1/4 30-23-10 (157.57+/- acres) Reno County, KS
2021 Taxes: $1,645.96
Land Location: From Slyvia, KS, on Hwy 50, go 3 miles north on Netherland Road, then 3 miles west on Illinois Road. From Zenith, KS, on Hwy 50, go 4 miles north on 140th Ave, then 1.5 miles east on 40th St(Illinois Road).
FSA: Crop Base Yield
Corn 38.74 120 bu
Gr. Sorg 107.16 47 bu
Mineral Rights: Seller has no mineral rights to transfer to the Buyer.
Water Rights: Pass to the Buyer.
Possession: Buyer receives the owner’s 1/3 share of any crops planted at the time of closing. If the Buyer wants 100% possession at closing, they can reimburse the Seller for expenses incurred in the 2023wheat crop up to the closing date. Otherwise, the Seller will continue to operate the land as a tenant, and possession will pass to the Buyer the earlier of 1) harvest of any 2022 fall seeded crop, 2)destruction of the planted crop in any manner or 3) August 1, 2023.
Owners: J. Keith & Sharilyn I. McNickle
Security 1st Title, 1001 N. Main, Hutchinson, KS 67501
For more information, contact listing agent:
Mike Campbell, 620-899-6989
Terms: The sale is subject to all rights of way 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 1stTitle, 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 October 20, 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. 2022 property taxes will be prorated to the date of closing. 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.
US $0 or largerUS $50
Please see each Lot for specific terms.