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157.2+/- Acres Reno County, Kansas
UNRESERVED ONLINE AUCTION
December 1, 2020
Bidding opens November 17, 2020, and ends December 1, 2020, at 10:00 AM
This 157.2 +/- acres is located 15.5 miles west of Hutchinson, KS, on 4th Street, or 2.5 miles west, 6 miles north & 1 west of Abbyville, KS. It contains 127.5 acres of cropland with predominately prime soils per USDA-NRCS. There are 2.6 acres of grass in the northwest corner. The 127.5 acres produced 50-bushel soybeans in 2020. It’s been planted back to wheat for the 2021 crop year with an initial fertilizer application. The Buyer receives 100% of the planted wheat. There are 27.0 acres of CRP paying $56.48 per acre ($1,525 per year) through 9-30-2025. The CRP is relatively isolated near the center of section 14-23-9 and is an excellent pheasant and deer hunting location. Additional hunting acres are available to lease nearby. The house with 1.78 acres in the northeast corner does not sell.
The 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:
Gambino’s Pizza ‘Meeting Room’
310 S. Main St.
South Hutchinson, KS 67505
BigIron Realty Agents will be at the Gambino’s Pizza ‘Meeting Room’, in South Hutchinson, KS, on Monday, November 30, 2020, from 1:00 to 6:00 PM, and Tuesday, December 1, 2020, 8:00 AM until 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 and bidding. 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 November 17, 2020, and ending December 1, 2020, at 10:00 AM. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is 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 register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Legal Description: E ½ of NE ¼ 14-23-9 less a 1.78 acre homesite; and N ½ of SE ¼ 14-23-9 2019 Taxes: $1,850 (county estimate without house)Land Location: From Hutchinson, KS, at the 4th Street and Hwy 96 junction, go west 15.5 miles on paved 4th Street to Andre Road.
FSA: Base PLC Yield
Wheat 87.5 33
Soybeans 35.98 28
Mineral Rights: Seller’s mineral rights pass to the Buyer.
Water Rights: Pass to the Buyer.
Possession: At closing on or before December 30, 2020.
Owner: Robert L. Norquist, Trust
Title Services: Security 1st Title, 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 be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 1001 N. Main, Hutchinson, KS 67501. 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 December 30, 2020. 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. 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.