Land Auction 160+/- Acres Madison County, Nebraska

  • Sold

Auction on March 14, 2019

$728,000.00
Address: Madison County
State: Nebraska
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Property Description

160+/- Acres Madison County, Nebraska

Selling At

UNRESERVED ONLINE AUCTION

Thursday, March 14, 2019

Bidding opens February 28th and ends March 14th at 1:00 PM

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

The bidding increments will be $50/acre. The final sale price will be calculated based on 160 acres times the highest bid.

BIDDING PROCESS: You may place bids on this farm for 14 days beginning February 28, 2019 and ending March 14, 2019, at 1:00 p.m. 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.

Plan to Attend the Informational Meeting & Auction:

Divots Conference Center

4200 W. Norfolk Ave

Norfolk, Nebraska 68701

BigIron Realty Agents will be at the Divots Conference Center in Norfolk, Nebraska, on Thursday, March 14, 2019, from 9:00 a.m. until the conclusion of the online auction.  Please come during the times scheduled to discuss the farm.  BigIron Realty Representatives will be there to assist buyers with registering to bid online.  You do not have to be present to bid online, but you are required to be available by phone.

Legal Description: The NE ¼ of Section 26-23-2W Madison County, Nebraska, containing 160+/- acres

2018 Taxes:   $9,294.42

Land Location:  From the intersection of Hwy 121 and 835 Road intersection south of Battle Creek, Nebraska, go 5 miles east on 835 Road and then ½ mile north on 551 Avenue.  Farm will be on the west side of the road.  Watch for signs.

General Description:  Here’s your opportunity to purchase a Pivot Irrigated quarter in Madison County, Nebraska!  The property lays flat to gently rolling and is located on a good gravel road. Included in the sale is a 7-tower Reinke pivot and a 100 Hp electric motor. The Southeast pivot corner is currently enrolled in to CRP that expires on 9/30/2022.

Buyers are welcome to contact the Lower Elkhorn NRD at 402-371-7313 for any details concerning water rights or allocations.

 

Terms:  The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a $100,000 non-refundable down payment to be 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 April 15, 2019. Seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the buyer and seller.  The 2018 real estate taxes will be paid by the Seller, and the 2019 Real Estate Taxes will be paid by the Buyer.  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 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.

 

Owner:  Leonard & Carla Olmer

For more information, contact listing agents:

Jim Stock 402-920-0604 or John Stock 402-920-3180

Property Information

  • Type:

    Farmland

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