Land Auction 136.36+/- Acres Reno County, Kansas

  • Sale Pending

Auction on November 21, 2019

$361,534.00
Address: Reno County
State: Kansas
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Property Description

136.36 +/- Acres Reno County, Kansas

Selling On Our

UNRESERVED ONLINE AUCTION

November 21, 2019

Bidding opens November 7, 2019, and ends November 21, 2019, at 1:00 PM

This land is selling on an online only auction.  Register, get a sale bill and bid, at  www.bigironrealty.com.

The bidding increments will be $50/acre. The final sale price will be calculated based on 136.36 acres times the highest bid.

General Description: This is some of Reno County’s most productive soils and a rare buying opportunity. USDA/NRCS classifies it as prime farmland, predominantly level 0-1% slope Farnum-Funmar loam with some 1-3% slope Saltcreek-Naron & Saltcreek-Funmar-Farnum complex. FSA carries it as 136.36 acres (134.28 acres cropland; 2.08 acres other uses).  It’s nearly fully based by FSA at 131.32 acres. Crop delivery points are close by in Hutchinson, Nickerson, Partridge, Whiteside, and Abbyville.  Deer trails and bedding sites are in the tree rows around the property.  100% of the minerals go to the buyer. Possession on 58.78 acres of open ground at closing on or before Dec. 20, 2019, and after 2020 harvest on 75.5 acres planted to wheat.  Buyer has option to take 1/3 of the 2020 wheat crop, at closing, by paying usual owners share of operating expenses totaling $1,510.  2019 taxes will be paid by the seller. This land absolutely sells to the highest bidder, with no buyer premium charged.

Plan to Attend the Informational Meeting & Auction:

Gambino’s Pizza

310 S Main Street

South Hutchinson, KS 67505

 BigIron Realty Agents will be at the Gambino’s Pizza Meeting Room, in Hutchinson, KS, on Wednesday, November 20, 2019, from 1:00 to 6:00 pm, and Thursday, November 21, 2019, 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 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 land for 14 days beginning November 7, 2019, and ending November 21, 2019, at 1:00 pm. 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.  If bidding remotely, register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.

Legal Description: NW ¼ 12-23-7 Reno County, KS, less 24 acres in southwest corner.

2018 Taxes:  $2,043.63 (2018). 2019 paid by Seller.

Location:  From K-96 and 4th Street junction (on the west side of Hutchinson, KS) go 3.5 miles west on 4th Street to Herren Road, then 1 mile north.

Mineral Rights:  100% to the buyer

Water Rights:  Pass to buyer

Possession:  At closing on open acres.  After 2020 wheat harvest on wheat acres.

Owner: Brent & Denise Stuckey Rev. Trust   

Title Services: Security 1st Title, 1001 N. Main, Hutchinson, KS

For more information, contact listing agent:

Mike Campbell, 620-899-6989

Terms:  This land sells “AS IS” without any expressed or implied warranties.  The buyer is responsible for conducting their own inspections and due diligence. Information given is from sources considered reliable, but not guaranteed. Property 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 is due by certified funds at closing on or before December 20, 2019.  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. 2019 real estate taxes will be paid by the Seller. 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.

 

Property Information

  • Type:

    Farmland

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