November 21, 2019 Land Auction 156.9+/- Acres Reno County, Kansas

  • Sale Pending

Auction on November 21, 2019

$203,970.00
Address: Reno County
State: Kansas
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Property Description

156.9+/- Acres Reno County, Kansas

Selling On Our

UNRESERVED ONLINE AUCTION

Nov. 21, 2019

Bidding opens November 7, 2019, and ends November 21, 2019, at 2:00 PM

This land is selling on an online only auction.  Register, get a sale bill and bid, at  www.bigironrealty.com.

The bidding increments will be $50/acre. The final sale price will be calculated based on 156.9 acres times the highest bid.

General Description:  This property is productive cropland and features plenty of woods for excellent hunting. The Reno County appraiser carries it as 157.85 acres taxable. FSA carries it as 155.99 acres. Chain measured and sells as 156.9 acres.  It’s level to gently rolling, 0-5% slope Hays-Solvay-Langdon loamy fine sands. The 133.2 acres of cropland are fertilized with 87 lbs. urea per acre, and planted to wheat (Mint) for harvest in 2020, with 100% going to the buyer. Property has 22.79 acres of timber with deer, turkey, squirrel, fox, and raccoon on the game camera. Timber has many wildlife bedding and nesting sites, tree scrapes, scat, trails, and watering holes. Timber includes black walnut, cedar, locust, and cottonwood. The timber is fenced north, south, and west. A fence is needed on the east if cattle are to be excluded. If fenced, owners on either side share cost equally. 100% of minerals go to the buyer. Possession is at closing. This land sells to the highest bidder, with no buyer premium charged.

Plan to Attend the Informational Meeting & Auction:

Gambino’s Pizza

310 S Main Street

South Hutchinson, KS 67505

 BigIron Realty Agents will be at the Gambino’s Pizza Meeting Room, in Hutchinson, KS, on Wednesday, November 20, 2019, from 1:00 to 6:00 pm, and Thursday, November 21, 2019, 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 and bidding.  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 November 7, 2019, and ending November 21, 2019, at 2:00 pm. 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.  If bidding remotely, register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.

 Legal:  SW ¼ 34-23-9 Reno County, KS

2018 Taxes:  $1,485.83

Location:  2 miles north of Plevna, KS, on Avery Road to Morgan Road, or 21 miles west of Hutchinson, KS, on Hwy 50, then 1 mile north on Avery Road.

 Mineral Rights:  100% to the buyer

Water Rights:  Pass to buyer

Possession: At closing

Owner: State University of Iowa Foundation   

Title Services: Security 1st Title, 1001 N. Main, Hutchinson, KS

For more information, contact listing agent:

Mike Campbell, 620-899-6989

 

Terms:  This land sells “AS IS” without any expressed or implied warranties.  The buyer is responsible for conducting their own inspections and due diligence. Information given is from sources considered reliable, but not guaranteed. Property 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, Hutchinson, KS 67501.  The earnest money deposit can be made by personal check, company check or by wire transfer. The balance is due by certified funds at closing on or before Dec. 20, 2019.  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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