Land Auction 320+/- Acres Otoe County, NE Selling in 2 Tracts

  • Sale Pending

Auction on December 3, 2021

Address: Otoe County
State: Nebraska
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Property Description

320+/- Acres Otoe County, Nebraska

Selling in 2 Tracts 

 On Our

UNRESERVED ONLINE AUCTION

December 3, 2021

Bidding opens November 19, 2021, and ends December 3, 2021, at 2:00 p.m. CST                             

This farm is selling on our unreserved online 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 total acres times the highest bid.  The real estate agent reserves the right to adjust bidding increments.

Plan to Attend the Informational Meeting and Auction:

Holiday Inn Express & Suites

801 NE Hwy 2

Nebraska City, NE 68410

 BigIron Realty Agents will be at the Holiday Inn Express & Suites in Nebraska City, NE, on December 3, 2021, from 10:00 a.m. CST 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 November 19, 2021, and ending December 3, 2021, at 2:00 p.m. CST. 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.

This is a Nebraska Pioneer Farm Award farm that has been in the family since 1861. The farm has been in the family since before the Civil War!

Tract 1:  160+/- acres  SOLD $8,150/Acre

General Description: Here is a rare opportunity to purchase land in an area where land seldom comes up for sale. This farm is gently rolling with a pocket of trees. There is a mobile home, building, and grain bins. The mobile home is owned by a longtime tenant and does not sell with the property. The building measures approximately 48′ x 72′. There are 5-grain bins on this tract that were built in the 1970s.

Legal Description:  The SW ¼ of Section 3-7-14, Otoe County, NE, containing 160+/- acres.

2020 Taxes:  $9,042.50

Land Location: From Nebraska City, go 4 miles south on Hwy 75 to N Road then 1 mile east to South 66th Road. The land lies on both sides of South 66th Road.

Tract 2:  160+/- acres  SOLD $7,650/Acre

General Description: This farm is gently rolling with soils that are desirable for the area. This tract comes with a 48′ x 72′ square wall building for storage.

Legal Description: The SE ¼ of Section 4-7-14, Otoe County, NE, containing 160+/- acres.

2020 Taxes:  $9,247.80

Land Location: From Nebraska City, go 4 miles south on Hwy 75 to N Road then 1 mile east to South 66th Road. The land lies on both sides of South 66th Road.

Note:  These farms will need to have an updated HEL compliance plan going forward.

Seller: Fairview Land Inc.

Owners:  Kuwitzky Family

Title Services: Tri County Title

For more information, contact listing agent: Ron Stock 402-649-3705

Terms:  The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable to be payable to BigIron Realty Trust Account.  The earnest deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before December 27, 2021.  Possession will be March 1, 2022.  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 Seller will pay the 2021 real estate taxes, and the Buyer will pay the 2022 real estate taxes.  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.

Property Information

  • Type:

    Farmland

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Contact Agent

Ron Stock

Co-Owner and Chief Executive Officer of BigIron Realty

Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, Oklahoma, South Dakota

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