Property Description

914.9+/- Acres Holt & Knox County, Nebraska

Selling in 3 Tracts On Our

UNRESERVED ONLINE AUCTION

January 19, 2021

Bidding opens January 5, 2021, and ends January 19, 2021, at 10:00 AM 

These farms are 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 the total acres times the highest bid.  Real Estate Agent reserves the right to adjust bidding increments.

Plan to Attend the Informational Meeting & Auction:

O’Neill Community Center

501 S 4^th Street

O’Neill, NE 68763

BigIron Realty Agents will be at the Community Center in O’Neill, NE, on Monday, January 18, 2021, from 1:00 to 4:00 PM and Tuesday, January 19, 2021, from 8:30 AM 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.

BIDDING PROCESS: You may place bids on these farms for 14 days beginning January 5, 2021, and ending January 19, 2021, at 10:00 AM. This unreserved online auction features bidding extensions. The closing times will be automatically extended when any one of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract. 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:  318+/- Acres  SOLD:  $6,201/Acre

Legal Description:  The S ½ of Section 36-29-9 Holt County, NE, containing 318+/- acres.

General Description: This highly productive flat to gently rolling farm is located in Holt County. It has two electric Reinke pivots and wells, which are currently controlled with FieldWise pivot control.  There are 2- 50,000-bushel GSI grain bins with 10” unloading augers and AGRI SURETRACKFARM Bin Manager currently hooked up.

• SW ¼ -2014 Reinke pivot (2353 hrs.) with 750-gal flowrate well

• SE ¼ – 2014 Reinke pivot (2841 hrs.) with 750-gal flowrate well

• Pivot tanks

• Both electric motors on well rebuilt in 2019

• Grain storage is currently rented out by the owner and will be empty by August 2021

2019 Taxes:   $16,768.64

Land Location:  From O’Neill, NE, go 16 miles east on blacktop road 872, then 2 miles south on 510 Avenue to Road 870. Watch for the yellow BigIron Realty signs.

Property Video: https://youtu.be/SOwUvP-qAjs

Tract 2:  156.9+/- Acres  SOLD:  $5,300/Acre

Legal Description:  The SE ¼ of Section 24-29-9 Holt County, NE, containing 156.9+/- acres.

General Description:  This highly productive irrigated quarter is located in Holt County on blacktop road 872 between Creighton and O’Neill. This farm has an electric Reinke pivot and well, which are currently controlled with FieldWise pivot control.

• 2012 Reinke pivot (5035 hrs.) with 800-gal flowrate well

• Pivot tank

• The electric well was overhauled in 2014

• Currently planted to rye cover crop

2019 Taxes:   $3,108.48

Land Location:  From O’Neill, NE, go 16 miles east on blacktop road 872 to 510 Avenue. Watch for the yellow BigIron Realty signs.

Property Video: https://youtu.be/ckldQuWf7lE

Tract 3:  440+/- Acres  SOLD:  $3,400/Acre

Legal Description:  The W ½ W ½  of Section 22-29-8 (160+/- acres) and the SENW ¼, E ½ SW ¼, SE ¼ of Section 22-29-8 (280+/- acres) Knox County, NE, containing 440+/- acres.

General Description:  This highly productive irrigated farm is located in Knox County on 872 blacktop road between Creighton and O’Neill. This farm has 4 Reinke pivots and electric wells, which are currently controlled with FieldWise pivot control, except the 3 tower. There is also two 50,000-bushel GSI grain bin storage with 10” unloading augers and AGRI SURETRACKFARM Bin Manager currently hooked up.

• Pivot 1- SE ¼ – 2012 9 tower Reinke pivot (5665 hrs.) 2 submersible wells flowrate 750 gal

• East submersible well can also be used to water cattle

• Pivot 2- SW ¼ – 2020 9 tower Reinke pivot (190 hrs.) 2 submersible wells with a flow rate of 800 gal

• Pivot 3- 2013 3 tower Reinke swing pivot (282 hrs.) 375-gal flowrate

• Pivot 4- ¾ swing 2012 9 tower pivots (4076 hrs.) 500-gal flowrate well

• Pivot tanks

• Currently planted to rye cover crop

• Salvage pivot in SE corner of the SE ¼ is not included in the sale and will be removed

• Grain storage is currently rented out by the owner and will be empty by August 2021

2019 Taxes:   $10,081.25

Land Location: From Hwy 59 and 14 junction west of Creighton, NE, go 10 miles west on blacktop road 870 to 514 Avenue. Or from Orchard, NE, go 8 miles north on 513 Avenue to 872 Road.  Watch for the yellow BigIron Realty signs.

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

Seller:  John R. & Julie B. Krueger

For more information, contact listing agent:

Tom Wingert 402-750-8564

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 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 February 21, 2021. Possession will be the day of closing. 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 2020 real estate taxes, and the 2021 real estate taxes will be paid by the Buyer. 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 the 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.