Per Acre
ID# BIR22015
Location:
S Hutchinson, KS
Auction:Jan 18, 2022
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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 US $50/acre. The final sale value will be calculated based on total acres times highest bid.
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833.71+/- Acres Reno County, Kansas
Selling in 6 Tracts On Our
UNRESERVED ONLINE AUCTION
January 18, 2022
Bidding opens January 4, 2022, and ends January 18, 2022, at 10:00 a.m.
Tract 5:
This 150.75+/- acres is some of the finest farmland in Reno County, KS. It’s 100% ‘prime farmland’ per USDA-NRCS. There are 110.5 acres of cropland and 40.25 acres of native grass. The cropland and grass are all level 0 to 3% slope class 2 prime soils. A homesite of 2.84 acres on the quarter is owned by a third party and does not sell with the 150.75+/- acres.
The 110.5 acres were planted to 2021 wheat, then to double-cropped 2021 soybeans. It’s now planted to wheat for harvest in 2022. The Buyer receives a $70 per acre cash rent payment on the 110.5 acres, from the tenant, on or before December 1, 2022.
The Buyer takes possession of the 40.25 acres of grass on March 1, 2022. The grass has a four-strand barbed wire fence on steel posts in good to fair condition. The grass has a water well with a pump jack. A pump jack gasoline motor belonging to the tenant has been removed. The tenant also removed his stock tank. The land is bordered on the north by Lake Cable Road that runs a mile east to paved Partridge Road. It’s bordered on the east by Centennial Road, running 1/2 mile south to paved Arlington Road. Grain delivery is 4.5 miles to Arlington, KS, or 5 miles to Partridge, KS.
Farmland of this quality and this well-located is rarely available. Don’t miss this opportunity!
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:
Community Center
101 W. Ave. C
South Hutchinson, KS 67505
BigIron Realty Agents will be at the Community Center in South Hutchinson, KS, (one block west of Gambino’s Pizza) on January 17, 2022, from 1:00 to 5:00 p.m. and again on January 18, 2022, from 8:00 a.m. 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, making online bids, and to answer questions. 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 January 4, 2022, and ending January 18, 2022, at 10:00 a.m. 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: NE 1/4 5-25-7 (150.75+/- acres) Reno County, KS.
2021 Taxes: $1,705.32
Land Location: From Arlington, KS, on Hwy 61, go east 4 miles on paved Arlington Road, then 1/2 mile north on Centennial Road. The land is southwest of the intersection of Centennial and Lake Cable Roads. Signs are posted.
FSA: Crop Base PLC Yield
Wheat 91.2 44
Corn 8.1 51
Gr. Sorghum 27.4 37
Sunflowers 4.3 808 lbs
Mineral Rights: Sellers mineral rights go to the Buyer at closing, believed to be 100% intact.
Water Rights: To the Buyer at closing.
Possession: To the Buyer at closing subject to tenant's rights ending the earlier of 1) conclusion of 2022 wheat harvest; 2) destruction of the wheat crop; or 3) August 1, 2022. Possession of the 40.25 acres of grass occurs on March 1, 2022.
Owner: Henry A. Hinz, Trust
Title Services: Security 1st Title, 1001 N. Main, Hutchinson, KS
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 enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment payable to Security 1st Title, 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 February 18, 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. The Buyer will pay 2022 real estate taxes. 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
Please see each Lot for specific terms.