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 US $50/acre. The final sale value will be calculated based on total acres times highest bid.
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655.9+/- Acres Hamilton County, Kansas
Selling in 3 Tracts On Our
UNRESERVED ONLINE AUCTION
December 8, 2020
Bidding opens November 24, 2020, and ends December 8, 2020, at 10:00 A.M. (MST)
Tract 1: This 67.5 +/- acres sells ‘AS-IS’ and includes 63.7 acres of flood irrigation on 5 benches and 3.8 acres in other uses. It has its own irrigation well with a 20 HP electric motor. Its Kansas water right number is 31372. The well is authorized 136-acre ft of water per year on a maximum of 84 acres. The well pumps into a flood irrigation ditch system. The owner also leases 62 Frontier Ditch Company shares for $8.92 per share ($554.28 year) to receive another 169-acre ft of water. Failure to annually pay the lease on the 62 Frontier Ditch Company shares results in permanent loss of the shares. Total authorized acre-feet of water from both the well and the Frontier Ditch Company is limited to 164-acre ft by the Ks Division of Water Resources (KDWR). When the Frontier Ditch water is running, the electric motor and groundwater pumping can be shut off. Additional Frontier Ditch water passes through Tract #1 ditches to supply water to Tract #3. The ‘Purchase Agreement’ for Tract #1 will specify that an easement for both road access and ditch water will be granted to the Buyer of Tract #3. It’s recommended that you buy all three tracts as a working unit. If you buy Tract #1, it’s recommended you also buy Tract #2, to control all the property in this block of land. Tract #1 was planted to irrigated feed in 2020 with a cash lease ending Dec 31, 2020. Soil type is 90% Bridgeport Clay Loam, Saline, and 10% Las Clay Loam, moderately deep.
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:
VFW 607 N. Main St
Syracuse, KS 67878
BigIron Realty Agents will be at the VFW in Syracuse, KS, on Monday, December 7, 2020, from 1:00 to 5:00 P.M. (MST), and Tuesday, December 8, 2020, from 8:00 A.M. (MST) 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, answering questions, and bidding 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 the land for 14 days beginning November 24, 2020, and ending December 8, 2020, at 10:00 A.M. (MST). This unreserved online auction features bidding extensions. The closing times will be automatically extended when any one of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 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: 66.2+/- acres Hamilton County, KSS ½ of the S ½ of the NE ¼ 23-23-43N ½ of the N ½ of the SE ¼ 23-23-43E ½ of the NW ¼ of the SW ¼ 23-23-43
2019 Taxes: $738.84
Land Location: The land is southeast of and immediately adjoins the town of Coolidge, KS, on US Hwy 50 in western Hamilton County.
FSA: Base/Yields
Wheat 28.32 / 20
Corn 6.25 / 102
Mineral Rights: The Seller has 26 mineral acres that transfer to the Buyer.
Water Rights: Kansas water right 31372 and 62 leased shares with Frontier Ditch Company transfer to the Buyer. Maximum water use is limited to 164-acre ft by the KDWR.
Possession: At closing on or before January 7, 2021
Owner: O & J LLC and Richard & Kathleen Wright Trust
Title Services: High Plains Title LLC
107 Gunsmoke St.
Dodge City, KS 67801
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 High Plains Title LLC, 107 Gunsmoke St., Dodge City, KS 67801. 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 Jan 7, 2021. 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 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
See each Lot for specific Terms.