234.30+/- Acres Ellis County, Kansas
Selling On Our
UNRESERVED ONLINE AUCTION
December 19, 2019
Bidding opens December 5, 2019, and ends December 19, 2019, at 2:00 PM
This farm is selling on our unreserved online auction. To register and bid, visit www.bigironrealty.com.
This 234+/- acre combination farm has a nice mixture of dry cropland, trees, and grass.
There are 118.55+/- acres of dry cropland according to the FSA, with the balance in grass, trees, and wetlands. Water is free-flowing through the heart of the property forming wetlands and ponds. The owner has stated it has never gone dry. There is excellent habitat for pheasant, quail, turkey, deer, and other wildlife. The driveway is maintained by the oil company and a cattle crossing gate makes for easy access. The fences are average. The owner states the pastureland possession is open for the 2020 growing season. The landlord’s 1/3 share of the growing wheat crop goes to the buyer. Add this remote hunting paradise to your portfolio.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
205 North Washington St.
Ellis, KS 67637
BigIron Realty Agents will be at Days Inn in Ellis, KS, on Thursday, December 19, 2019, from 9:00 a.m. until the conclusion of the online auction. Please come during the time 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.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning December 5, 2019, and ending December 19, 2019, at 2:00 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.
Legal Description: NE ¼, N ½ SE ¼ Section 31-11-20 Ellis County, KS, containing 234.30+/- acres
2018 Taxes: $902.00
Land Location: From Love’s Truck Stop on I-70 at Ellis, KS, go 2 1/2 miles north on Ellis Ave. (blacktop highway), then go one mile west on Locust Grove (gravel road). Go five miles north on 110 Avenue to 110 and Sleepy Hollow, which is the northeast corner of the farm.
Watch for yellow BigIron Realty signs.
Oil Rights: There is a producing oil well on the property that does not sell with it.
Mineral Rights: If any, they will pass to the Buyer.
Owner: Michael R. & Jane M. Downing
Title Services: Field Abstract & Title Co., Hays, KS
For more information, contact listing agent:
Ron Stock 402-649-3705
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 Field Abstract & Title Co. 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 January 20, 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. Bidding increments may be changed at the discretion of the Real Estate Agent. 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.