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160+/- Acres Nance County, Nebraska
Selling in 2 Tracts On Our
UNRESERVED ONLINE AUCTION
Thursday October 19, 2023
Bidding opens October 5, 2023, and ends October 19, 2023, at 10:00 a.m.
Tract 1: 80 +/- Acres
Description: This farm is a rolling dryland farm with good access and is close to local markets. The farm is planted to corn this season. The farm is under lease for the 2024 crop season. Please see Terms below. There is an easement for a pipeline with Summit Carbon Solutions through the farm. Seller has been paid for damages of the pipeline construction by Summit Carbon and will give a $10,000 credit at closing for potential damages. N 355thAve wanders into the west side of both tracts. There will be an easement for permanent access for the adjoining landowners to use the road. Plan on adding this farm to your operation with the power of BigIron!
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
BigIron Realty
4860 33rd Ave
Columbus, NE 68601
BigIron Realty Agents will be at the BigIron Realty Office, in Columbus, NE, on October 19, 2023, from 8:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will assist buyers with registering to bid online. You do not have to be present to bid online, but you must be available by phone.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning October 5, 2023, and ending October 19, 2023, at 10:00 a.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 24 hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: The S ½ NE ¼ Section 17-17-4 Nance County, NE, containing 80+/- acres.
2022 Taxes: $3,368.50
Owner: Tract 1- Lois A. Olson
Tract 2-Charles E. & Karen K. Olson, Gary L. & Diane M. Hollman & Lois A. Olson.
Title Services: Boone County Title & Escrow
For more information, contact the listing agent:
Rex Mahoney 402-649-1816
Terms: The successful buyers will be required to enter into a written purchase agreement immediately after the sale with a $100,000.00non-refundable down payment per tract, 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 December 12, 2023. Possession on Tract 2 will be March 1, 2024. Possession on Tract 1 will be March 1, 2025. There will be a 2024 rent subsidy of $9,750 on Tract 1 that will be credited at closing to the buyer. The Buyer will receive the $2500 cash rent as per the lease agreement in 2024. Seller has been paid for damages of the pipeline construction by Summit Carbon and will give a $10,000 credit at closing for potential damages. The seller will provide a 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 2023 real estate taxes, and the buyer will pay the 2024 real estate taxes. The property will not be sold subject to financing. Please have all financial arrangements made before 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 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
Terms: The successful buyers will be required to enter into a written purchase agreement immediately after the sale with a $100,000.00 non-refundable down payment per tract, 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 December 12, 2023. Possession on Tract 2 will be March 1, 2024. Possession on Tract 1 will be March 1, 2025. There will be a 2024 rent subsidy of $9,750 on Tract 1 that will be credited at closing to the buyer. The Buyer will receive the $2500 cash rent as per the lease agreement in 2024. Seller has been paid for damages of the pipeline construction by Summit Carbon and will give a $10,000 credit at closing for potential damages. The seller will provide a 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 2023 real estate taxes, and the buyer will pay the 2024 real estate taxes. The property will not be sold subject to financing. Please have all financial arrangements made before 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 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.