February 13, 2018 2 Tracts Merrick County Land, East of Grand Island, NE

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Auction on February 13, 2018

Address: Merrick County
State: Nebraska
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Property Description

2 Tracts of Merrick County Nebraska Land


Bidding Ends Tuesday, February 13, 2018

     Bidding opens January 30 and ends February 13 at 10:00 AM

This farm is selling on an online only auction.  To register and bid, visit www.bigironrealty.com.

BIDDING PROCESS: You may place bids on this farm beginning January 30.  Bidding concludes on February 13th. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled ending time, the bidding period is automatically extended for five more minutes. The extension process will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the last day of the auction to register to bid online. All bidders must be approved to bid.  Register at least 24 hours prior to the last auction day or call 402-564-3369 for assistance.

The bidding increments will be $50 per acre. The final sale price will be calculated on a per acre basis times the highest bid received on each tract.

Attend The Online Auction Information Meeting

Chapman Community Center

201 9th Street

Chapman, NE 68827

BigIron Realty Agents will be at the Community Center in Chapman, NE on Monday Feb 12 from 2:30 pm to 5:00 pm and on Tuesday Feb 13 from 8:00 am until the conclusion of the online auction.  BigIron Representatives will be there to assist buyers with registering to bid online.  Please come during the times to discuss the farm or call Rex Mahoney, listing agent at 402-649-1816. You do not have to be present to bid online.

Land Location:  3 ½ miles East of Grand Island on Highway 30 to Third Rd, then North across rail road tracks, to D Rd. Tract 2 is SE of this corner and Tract 1 is NW of this corner.  Watch for the “for sale” signs.

Tract 1:  75.31+/- Acres

Legal Description: Part of the E ½ SE ¼ Section 29-T12N-R8W Merrick County, NE containing 75.31+/- acres

2017 Real Estate Taxes: $4,045.58

General Description:  This is a gravity irrigated farm with an electric well. The majority of the ground is row crop with some grass acres. Gravity irrigation pipe goes with the farm.  Seller has been successful deer hunting on this tract over the years.  This tract borders railroad ground that has been farmed in the past.

Tract 2:   14.1 +/- Acres

Legal Description: Part of the NW ¼ NW ¼ Section 33-T12N-R8W Merrick County, NE containing 14.1+/- acres

2017 Real Estate Taxes: $746.68

General Description:  This Tract is row crop ground gravity irrigated from the well on Tract 1. This tract is just off of Highway 30 making it a great building site for a home.

Terms:  The successful high bidder of each tract will be required to enter into a written purchase agreement.  Buyer must make a 15% non-refundable down payment payable to BigIron Realty Trust Account.  The earnest deposit can be made by a personal check, company check or by wire transfer. The balance will be due at closing on or before March 13, 2018. Buyer will receive full possession on March 13, 2018.  Seller will provide marketable title to the buyer evidenced by Title Insurance.  Tri County Title, Columbus, NE will facilitate the closing.  Title insurance and closing costs will be split 50/50 between the buyer and seller on each tract.  The current year real estate taxes will be paid by the Seller and 2018 Real Estate Taxes will be paid by the Buyer.  Both of these tracts are located in a flood plain according to Merrick County Planning and Zoning.  Property will not be sold subject to financing.  Please 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 all 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.

Seller: Janis Schultz

Title Services:  Tri County Title, Columbus NE

For more information, contact listing agent:

Rex Mahoney 402-649-1816


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