Tract 4: 130.43+/- Acres Reno County, KS

557.71+/- Acres Reno County, Kansas

Selling in 5 Tracts On Our

UNRESERVED ONLINE AUCTION

June 6, 2023

Bidding opens May 23, 2023, and ends June 6, 2023, at 11:00 a.m. CDT

Description: This 557.71 acres is some of the finest, best located, and desirable farmland in Reno County, KS. Four of the tracts border the southwest city limits of South Hutchinson, KS. Tracts 1, 2, and 3 are prime commercial and residential development property. These tracts have outstanding visibility and access to two major highways US-50 and K-96 into Hutchinson and South Hutchinson, KS. The land sells in five tracts with no combination of tracts. There are 523.83+/- acres of cropland of which 518.39+/- acres are ‘Prime Farmland’ per the U.S. Department of Agriculture (USDA),Natural Resource Conservation Service (NRCS). Seller’s mineral rights go to the buyer(s) and are believed to be 100% intact.  

All cropland has been planted to wheat for 2023 harvest with the wheat going to the cash rent tenant. The buyer(s) receives the 2023 cash rent of $50 per acre plus $5 per acre for any acres with wheat straw baled by the tenant. The tenant has the option to bale wheat straw until July 31, 2023. The cash rent is payable to the buyer July 31, 2023. Ownership passes at closing on or before July 6, 2023. Full possession passes August 1, 2023. Taxes will be prorated to the date of closing.

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 June 6, 2023, from 9:00 a.m. until the conclusion of the online auction.  Please come during the time 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 May23, 2023, and ending June 6, 2023, at 11:00 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 prior to the auction close or call 800-887-8625 for assistance.

Tract 4:

Description:  This tract is 130.43+/- surveyed acres of ‘prime’ farmland with 118.36+/- acres of cropland. The soils are Farnum and Funmar loams, 0-1% slopes and Saltcreek and Naron fine sandy loams, 1-3% slopes.  It has a 12.07+/- acre pond in the northwest corner.  It’s bordered on the north by Highway 50 and on the east by S. Valley Pride Rd.   The land is planted to wheat for 2023 harvest with 100% of the wheat going to the cash lease tenant. The tenant has the option to bale wheat straw until July 31.  Full possession passes August 1, 2023.

Legal Description:  N 1/2 of NE 1/4 34-23-6 except tracts in NW &SE corners; and S 1/2 of NE 1/4 34-23-6 except tract in NE corner.

2022 Taxes: $1,657.00

Land Location:  From the Highway 50 and Highway 96 interchange in South Hutchinson go south 500 ft to Prosperity Road, go west 1 mile.  Signs are posted.   

                                                                                             PLC

FSA:                                       Crop               Base              Yield

                                                Wheat            35.7                47

                                                Gr. Sorg         81.1                56

Mineral Rights:  Seller’s mineral rights transfer to the buyer. Believed 100% intact.

Water Rights:  Pass to the buyer.

Possession:  Ownership passes at closing on or before July 6, 2023. The tenant has the option to bale wheat straw until July 31, 2023.  Full possession passes August 1, 2023.

Owners:

 Hal E. Judy Estate; Martha H. Judy Trust;

Stacy E. Judy Trust; City of Hutchinson, KS

Title Services:

Security 1^st Title, 1001 N. Main, Hutchinson, KS 67501

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 1^st Title, 1001N. 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 July 6, 2023.  The 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 2022 and prior year taxes.  2023 property taxes will be prorated to the date of closing. 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.