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Tract 1: 55.54+/- Developmental Acres Seward County, NE

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Tract 1: 55.54+/- Developmental Acres Seward County, NE

ID# BIR21501

Location: Seward, NE

Auction:Dec 17, 2021

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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 $50/acre. The final sale value will be calculated based on total acres times highest bid.

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66.18± Acres Seward County, Nebraska

Selling in 2 Tracts

UNRESERVED ONLINE AUCTION

December 17, 2021

Bidding opens December 3, 2021, and ends December 17, 2021, at 2:00 p.m. CST

Tract 1: 55.54± Acres

Here is a rare piece of property within the city limits of Seward, NE. It has excellent potential for development or multiple use possibilities. It was planted to corn in 2021, which has been harvested. The property is currently zoned I-1 (Limited Industrial District), the most liberal industrial zoning within the city and can allow for multiple industrial uses. The entire parcel is in the TIF (Tax Increment Financing) district, which the city has approved for light industrial purposes. Another use type that would be possible for this parcel is residential or multifamily. Seward's comprehensive plan shows potential residential use for this piece of ground with a zoning change to residential. This parcel lays out naturally for residential as shown in the attached concept map and allows usage of the current waterway on the east side of the property. See attachment on the website.

Utilities are currently available on the north and south side of the property and can support a large-sized development. City officials can provide detailed information on utility location and sewer depth.

On tracts 1 and 2, the bidding increments will be $50/acre. On tract 3, they will be $500. The final sale price on tracts 1 and 2 will be calculated based on the total number of acres times the highest bid.

Plan to Attend the Informational Meeting and Auction:

Seward Memorial Library

233 South 5th St

Seward, NE 68434

(East side of Hwy 15 across the street from Jones Bank)

BigIron Realty Agents will be at the Seward Memorial Library, in Seward, NE, on December 17, 2021, from 9:00 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 for 14 days beginning December 3, 2021, and ending December 17, 2021, at 2:00 p.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.

NOTE: This tract described as part of the W ½ of NE ¼ of Section 32, Township 11 North, Range 3 East, also known as Seward Twin Oaks Development Seventh Addition Outlots A and B consisting of a total of 67.01 acres will be split and sold as two tracts which will be surveyed prior to closing. The boundary between the two tracts will be on the east edge of the waterway running north to south. Tract 1 will be the larger tract on the west side including the waterway, and tract 2 will be on east side. Each tract will be sold based on estimated acres due to the surveyor’s busy schedule. The final determination of acres in each tract will be available prior to closing. The total selling price of each tract will be adjusted +/- based on the final survey acres times the selling price per acre of each tract.

Legal Description: Part of the W ½ of NE ¼ of Section 32, Township 11 North, Range 3 East. Also known as Seward Twin Oaks Development Seventh Addition Outlet, Seward County, NE, containing 55.54± acres.The Seller will survey the property prior to closing.

Disclaimer: There is a restrictive covenant on the ground that will not allow for self-storage units for lease under 600 sq. ft. See attachment on the website.

2020 Taxes: $ 4,503.28 (Total of tracts 1 and 2) (Will be split if sold separately)

Land Location: From Hwy 15 on the south side of Seward, NE, the land is accessed by Redwood Road and Cottonwood Road on the north, and Birch Street on the south side. Watch for the BigIron Realty signs.

Owner: Arrowhead Estates LLC

Title Services: Title Services of the Plains, Seward, NE

For more information, contact the listing agents:

John Buhl 402-649-3750 or Ron Stock 402-649-3705

Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before January 21, 2022. The Seller will provide marketable title to the Buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller. The Seller will pay the 2021 real estate taxes, and the Buyer will pay the 2022 real estate taxes. The property will not be sold subject to financing. Please 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.

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Terms

Please see Lot for specific Terms.