Tract 1: 568.1318+/- Acres Bowie County, TX

968.135+/- Acres Bowie & Red River Counties, Texas

Selling On Our

UNRESERVED ONLINE AUCTION

August 17, 2023

Bidding opens August 3, 2023, and ends August 17, 2023, at 12:00 p.m. CDT

Tract #1: 568.1318+/- Acres

Description: Tract #1 has an 8-tower Valley pivot which makes a full circle. The well is powered by a diesel power unit and generator. All irrigation equipment on this tract is included in the sale. Per FSA Information: Tract #1 has 154.26 irrigated acres and 387.05 dryland acres. All acres are planted to soybeans in 2023. County Road 3405 is called the county line road between Bowie County on the east side and Red River County on the west side but some acres on the west side are in Bowie County.  All of Tract #1 is in Bowie County. The current lease expires on 12/31/23 so possession is open for 2024.

 **Please scroll down to the Additional Resources to see maps and more information.

The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.  This sale will take place on the BigIron Online Only Platform.

Plan to Attend the Informational Meeting & Auction:

Holiday Inn Express

4545 Cowhorn Creek Road

Texarkana, TX 75503

BigIron Realty Agents will be hosting the sale at the Holiday Inn Express, in Texarkana, TX, on Thursday, August 17, 2023, 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 Thursday, August 3, 2023, and ending Thursday, August 17, 2023, at 12:00 p.m. This unreserved online auction features bidding extensions. If a bid is received on any tract within five minutes of the scheduled close time, the bidding will be automatically extended to five minutes on all tracts. 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 on bigiron.com at least 24hours prior to the auction close or call 800-887-8625 for assistance.

Legal Description: Being approximately 568.1318 acres part of the John H Nall Headright Survey A-452, Leonard Ward Headright Survey A-664,and a part of the Jesse Dean Headright Survey A-137 all situated in Bowie County TX.

2022 Taxes: $4,241.67

Land Location:   From the intersection of Hwy 259 and County Road 3405, go 2.7 miles west on Rd 3405, then 1 mile south.  Tract #1 lies on the east side of County Road 3405. Or from the Junction of FM 1326 and FM 114, go 2.4 miles northwest on FM114 to County Road 3405, then go 2.3 miles north on 3405. Tract #1 lies on the east side of County Road 3405 which is Bowie County, Texas.

Owner:  River Valley Farms LLC

Kinston, NC

BigIron Realty will be Hosting the sale

Title Services:  Capital Title, Texarkana TX 75503

For more information, contact listing agent:

   RE/MAX Preferred Angela Son Group, Jason Thompson, Broker 

Angela Son 903-293-3883  

Terms: The successful buyer of each tract 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 Capital Title, 3615 Richmond Road, Texarkana, TX 75503, C/O Steve Thompson, 

903-716-5959. The earnest deposit can be made by a personal check, company check or by wire transfer. The balance will be due at closing on or before September 20, 2023. The seller will provide marketable title to the buyer evidenced by title insurance; the cost of the title insurance will be paid by the seller.  The closing costs will be split 50/50 between the buyer and seller. The 2023 real estate taxes will be Pro-rated to the date of closing between the buyer and seller. The 2024real estate taxes will be paid by the buyer. 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. RE/MAX Preferred Angela Son Group / Jason Thompson, Broker& BigIron Realty are Seller’s Agents working for the seller.