The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Holiday Inn Express
1391 S Townsend Ave.
Montrose, CO 81401
BigIron Realty Agents will be at the Holiday Inn Express in Montrose, CO, on Thursday, January 27, 2022, from 9:00 a.m. until the conclusion of the online auction. BigIron Representatives will be there to assist Buyers with registering to bid online. Please come during this time to discuss the ranch. You do not have to be present to bid online but are required to be available by phone.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning January 13, 2022, and ending January 27, 2022, at 10:00 a.m. MST. 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.
General Description: This 160-acre tract consists of a working feedlot, and ranch ground. There are 80 shares of UVWUA water. There is good livestock, nice ranch ground, and excellent hunting with a newly remodeled ranch-style home that has a detached garage.
There is an elevator leg and steel building with tall sides, an 80,000-pound digital scale that is Colorado state-certified through December 22, 2022, cattle receiving area with a good calving place, and a feed mill that is not operational. The silage pile will hold 900 tons. The gated pipe sells with the farm. On the north part of the farm, there is a high plateau. Make plans to add this beautiful property to your operation.
Legal Description: The SE ¼ Section 15-50-11 Montrose County, CO, containing 160+/- acres.
2020 Taxes: $1,873.84
Land Location: On Hwy 50, turn west at Olathe onto 348 to County Road 5500 and go south 1 mile to Falcon Road. On Falcon Road go 2 miles west till you see yellow signs.
Owner: Brack Feedlot
Gary D. Brack, Donna K. Caswell, Vickie S. Stede
or more information, contact the listing agent:
Steve Schmalz 970-234-1987
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to the closing company. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before March 18, 2022. Possession of the farm ground will be given at closing, and possession of the feedlot will be subject to a post-closing occupancy agreement with Donna K. Caswell, the buyer will receive $0.25 per head per day until May 31, 2022. Any expenses incurred during this time notwithstanding normal wear and tear, shall be the responsibility of Donna K. Caswell. The 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 2021 real estate taxes will be prorated to the day of closing. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. 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.