Land Auction 548.62+/- Acres Reno County, KS Selling in 5 Tracts

  • Sold

Auction on April 6, 2021

$1,288,444.00
Address: Reno County
State: Kansas
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Property Description

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548.62+/- Acres  Reno County, Kansas

Selling in 5 Tracts At

UNRESERVED ONLINE AUCTION

April 6, 2021

Bidding opens March 23, 2021, and ends April 6, 2021, at 10:00 AM

 General Description:  With interest rates at historic lows and commodity prices at 6-year highs, now is the time to invest in farmland.  Here are 548.62+/- acres that include 537.79+/- acres of cropland in 5 tracts in western Reno County, KS.  All tracts are either on or within 1 mile of a paved road. They all sell with 100% of the Seller’s mineral rights.  All tracts are planted to a good stand of wheat (mint variety).  The wheat was fertilized at planting and will be top dressed this spring, according to the tenant. The Buyer receives the owners 1/3 crop share of the harvested wheat.  Wheat harvest should occur approximately 30 days after closing.  The Buyer is responsible for succeeding to the crop insurance coverage.  All tracts sell at absolute, unreserved online auction, with no combination of tracts and no buyer premium, and full possession to the Buyer after wheat harvest. Don’t miss this opportunity!

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

Plan to Attend the Informational Meeting & Auction:

Gambino’s Pizza Meeting Room

310 S. Main St.

South Hutchinson, KS 67505

BigIron Realty Agents will be at Gambino’s Pizza Meeting Room in South Hutchinson, KS, on Monday, April 5, 2021, from 1:00 to 5:00 p.m., and again on Tuesday, April 6, 2021, 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 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 land for 14 days beginning March 23, 2021, and ending April 6, 2021, at 10:00 a.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.

Tract 1:  SOLD $2,500/Acre

General Description:

This 153.02+/- acres has great access at the intersection of Sylvia and Clark Roads in western Reno County, KS. It’s 1 mile south of paved 4th Street and 1 mile west of paved Netherland Road.  Grain delivery is 5 miles south in Sylvia, KS.  It has 149.99 acres of cropland planted to fertilized wheat, 2.4 acres of timber, and .63 acres in a tree row.  A 3.68-acre rural residence on the east side of the quarter is owned by a third party and does not sell.  The soil is 84% Turon-Carway complex 0-5% slope, a type 2 soil of state-wide importance. There is an oil well on the north side of the property, and it last produced in 2018.  Past royalty payments to the owner:  2015 = $2,843; 2016 = $1,877; 2017 = $3,698; 2018 = $1,010.  The oil well did not run in 2019 or 2020.  The 2.4-acres of timber in the southeast corner of the property has many tree scrapes and other deer sign.

Legal Description:  NE ¼ 21-23-10. less a 3.68-acre rural residence.

2020 Taxes:  $946.79

Land Location:  At the intersection of Sylvia and Clark Roads in western Reno County, KS.

FSA:                           Base Acres                PLC Yield

            Wheat            95.8                            30

            Soybeans      45.78                          29

Planted Wheat:  1/3 to the Buyer.

Mineral Rights:  All Seller’s mineral rights go to the Buyer, which are believed to be 100% intact.

Water Rights:  To the Buyer. 

Possession:   At closing subject to tenant’s rights. Full possession after wheat harvest.

Property Video: https://youtu.be/NDG4pUnROMs

 

Tract 2:  SOLD $2,250/Acre

General Description:

This 79.35+/- acres has superior access on paved Netherland Road. It’s 2.25 miles south of paved 4th Street and 3.25 miles north of Hwy 50. It’s a quarter-mile south of the intersection of Netherland Road and Blanchard Avenue in western Reno County.  Grain delivery is 4 miles south on Netherland Road to Sylvia, KS.  It has 77.2+/- acres of cropland planted to fertilized wheat and 1.15+/- acres in a field windbreak on the north side, and 1.0+/- acre field windbreak on the south.  The soils are 36% Turon-Carway complex 0-5% slope a type 2 soil of state-wide importance and 64% Hayes-Turon complex 0-5% slope a type 3 soil of state-wide importance.  There are a lot of deer tracks and trails through the windbreaks.  FSA carries this tract in combination with 80.22+/- acres selling as Tract 3.  The FSA bases will be reconstituted (divided) using an owner’s designation as shown in this sale bill.

Legal Description:  S ½, of NW ¼ 26-23-10.

2020 Taxes:  $746.72

Land Location:  A quarter mile south of the intersection of Netherland Road and Blanchard Avenue in western Reno County, KS.

FSA:                           Base Acres                PLC Yield

            Wheat            50.7                            30

            Soybeans      24.23                          29

Planted Wheat:  1/3 to the Buyer.

Mineral Rights:  All Seller’s mineral rights go to the Buyer, which are believed to be 100% intact.

Water Rights:  To the Buyer. 

Possession:   At closing subject to tenant’s rights.  Full possession after wheat harvest.

Property Video: https://youtu.be/O0vpx9SWYeg

 

Tract 3:  SOLD $2,250/Acre

General Description:

This 80.22+/- acres has superior access on paved Netherland Road. It’s 2.5 miles south of paved 4th Street and 3 miles north of Hwy 50. It’s a half-mile south of the intersection of Netherland Road and Blanchard Avenue in western Reno County.  Grain delivery is 3.5 miles south on Netherland Road to Sylvia, KS.  It has 78.22+/- acres of cropland planted to fertilized wheat. There are 1.0+/- acres in a field windbreak along the north side and 1.0+/- acre field windbreak on the south.  Soils are approximately 15% Turon-Carway complex 0-5% slope, a type 2 soil of state-wide importance, and 85% Hayes-Turon complex 0-5% slope, a type 3 soil of state-wide importance.  There are a lot of deer tracks and trails through the windbreaks on the property.  FSA carries this 80.22+/- acres in combination with 79.35+/- acres selling as Tract 2.  The FSA bases will be reconstituted (divided) using an owner’s designation as shown in this sale bill.

Legal Description: N 1/2, of SW 26-23-10.

2020 Taxes:  $844.49

Land Location:  A half-mile south of the intersection of Netherland Road and Blanchard Avenue in western Reno County, KS.

FSA:                           Base Acres                PLC Yield

            Wheat            51.25                          30

            Soybeans      24.5                            29 

Planted Wheat:  1/3 to the Buyer.

Mineral Rights:  All Seller’s mineral rights go to the Buyer, which are believed to be 100% intact. 

Water Rights:  To the Buyer. 

Possession:   At closing subject to tenant’s rights.  Full possession after wheat harvest.

Property Video: https://youtu.be/wLzZaBiiRvA

Tract 4:  SOLD $2,250/Acre

General Description:

This 78.09+/- acres has great access 1 mile east of paved Netherland Road on Blanchard Avenue. It’s 3 miles north of Hwy 50 on Olcott Road, or 2.5 miles west of paved Langdon Road in western Reno County.  Grain delivery is 4.5 miles to Sylvia, KS. It has 75.75+/- acres of cropland planted to fertilized wheat and has 2.34 acres of wildlife habitat. The soil is 81% Hayes-Solvay loamy fine sands 0-5% slope, a type 2 soil of state-wide importance. 19% of the soil is Turon-Carway complex 0-5% slope, a type 2 soil of state-wide importance. The 2.34 acres in the northeast corner of the property is home to deer, pheasant, and quail.  This tract has a complete windmill that could be put back in service.

Legal Description:  N ½, NW ¼ 25-23-10

2020 Taxes:  $733.32

Land Location:  One mile east of paved Netherland Road on Blanchard Avenue in western Reno County.

FSA:                           Base Acres                PLC Yield

            Wheat            48.41                          30

            Soybeans      23.14                          29

Planted Wheat:  1/3 to the Buyer.

Mineral Rights:  All Seller’s mineral rights go to the Buyer, which are believed to be 100% intact.

Water Rights:  To the Buyer. 

Possession:   At closing subject to tenant’s rights. Full possession after wheat harvest.

Property Video: https://youtu.be/CnTpMB6c9UY

 

Tract 5:  SOLD $2,350/Acre

General Description:

This 157.94+/- acres has excellent access on Blanchard Avenue, a half-mile west of paved Langdon Road. Once on Langdon Road, you’re 2 miles south of paved 4th Street and 3 miles north of Hwy 50. Grain delivery is 6.5 miles to Sylvia, KS. It has 156.63 acres of cropland planted to fertilized wheat and a 1.31- acre tree row on the north. It borders a walk-in hunting area to the east with a lot of deer sign between the two properties. The soil is approximately 54% Solvay loamy fine sand 0-2% slope, a type 2 soil of state-wide importance. Approximately 37% is Hayes-Solvay loamy fine sands 0-5% slopes, a type 3 soil of state-wide importance. The remaining 9% is Abbyville loam 0-1% slope, a type 3 saline soil of approximately 14 acres in the quarter’s southwest corner. The Buyer also receives a .03645834 royalty share from a gas well on the quarter immediately north of this tract. The gas well is on the SW ¼ 20-23-9.  Royalty payments received are: 2015 = $708; 2016 = $765; 2017 = $953; 2018 = $535; 2019 = $1,112; and 2020 = $278.

Legal Description:  NW 29-23-9.

2020 Taxes:  $1,347.63

Land Location:  On Blanchard Avenue a half-mile west of Langdon Road in western Reno County.

FSA:                           Base Acres                PLC Yield

            Wheat            136.27                        34

            Oats                   4.26                        42

            Gr. Sorghum   16.10                        54

Planted Wheat:       1/3 to the Buyer.

Mineral Rights:  All Seller’s mineral rights go to the Buyer, which are believed to be 100% intact. 

Water Rights:  To the Buyer. 

Possession:   At closing subject to tenant’s rights.  Full possession after wheat harvest.

Property Video: https://youtu.be/-REiyeL_DUQ

Owner:  Leonard A. Banz Rev. Trust

Title Services:  Security 1st Title

For more information, contact listing agent:

  Mike Campbell 620-899-6989

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 Security 1st Title, 1001 N. Main St., Hutchinson, KS 67501 (phone: 620-669-8289).  The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before May 7, 2021.  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.  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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