October 25, 2018 Land Auction 155.57+/- Acres Cloud County, Kansas

  • New

Auction on October 25, 2018

Address: Cloud County
State: Kansas
 

Property Description

155.57+/- Acres Native Grass

  294.5+/- Acres Lease Option

Cloud County, Kansas

Selling At

UNRESERVED ONLINE AUCTION

 Thursday, October 25, 2018

Bidding opens October 11th and ends October 25th at 10:00 AM

This land is selling on an online only auction.  To register and bid, visit www.bigironrealty.com.

BIDDING PROCESS: You may place bids on this land beginning October 11, 2018.  Bidding concludes October 25, 2018. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled ending time, the bidding period is automatically extended for five more minutes. The extension process will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the last day of the auction to register to bid online. All bidders must be approved to bid.  Register with BigIron at least 24 hours prior to the last auction day or call 402-564-3369 for assistance.

The bidding increments will be $50 per acre. The final sale price will be calculated on a per acre basis times the highest bid.

Online Auction Site & Information Meetings:

Holiday Inn Express ‘Meeting Room’

2175 Lincoln Street

Concordia, KS 66901

Wednesday, Oct. 24, 1:00 pm to 7:00 pm

Thursday, Oct. 25, 8:00 am until conclusion of the online auction.

BigIron Realty Agents will be available in person the last two days of the online auction at the location and times shown above to answer questions, to assist you with registering to bid and explaining how to bid.  Please come at those times to discuss the land or call Mike Campbell, listing agent, at 785-821-0619. You do not have to be present to bid online.

Legal Description:  The SW ¼ of Section 17-6-3 Cloud County, Kansas, containing 155.57 +/- acres

2017 Taxes:  $511.16

Land Location:  From the Walmart stoplight on the south side of Concordia, Kansas, go 2.8 miles south on Hwy 81 to paved Noble Road, turn west and go 1.5 miles to 130th Road then turn north.  Both tracts are on the east side of 130th Road for the next 1.5 miles.  See map; signs will be posted.

 

General Description:  Tract #1:  SW ¼ 17-6-3 is being offered for sale at Unreserved Online Auction.  It has 155.57 acres of ‘Historical Native Range’ in excellent condition.  It’s grasses include big bluestem, little bluestem, indian grass, sideoats grama, switch grass, and brome.  It has good perimeter fences, it’s in rotational grazing with electric cross fencing and has two ponds.  The owner has performed controlled burns on the grass every five years to control volunteer trees.   Brome is normally swathed and baled off the quarters west side for winter feed.  There are excellent deer and turkey hunting locations on the quarter.

Tract #2:  W ½ 20-6-3 is offered for a 5-year cash lease ($40 per acre/per year) to the buyer of Tract #1 at the time of closing on Tract #1.  This is a one-time lease option to the buyer of Tract #1.

The Tract #1 buyer is not obligated to lease Tract #2.  The W ½ 20-6-3 adjoins Tract #1 to the south and consists of 294.5 acres of native grass and expired CRP in excellent condition.  It’s comprised of 165.69 acres ‘Historical Native Range’, 108.76 acres expired CRP, and 20.08 acres cropland in go back brome.  It comes with 104.4 acres of FSA commodity acreage base established before the acreage was enrolled in CRP.   The land may be eligible for combination with another of the tenants FSA farms that may be under based.  This would allow all or part of the 104.4 acres of base to be enrolled in USDA farm programs by the tenant.  None of the W ½ 20-6-3 may be broke for cultivation during the 5-year lease.  Native grass acres are predominately sideoats grama and little bluestem.   Expired CRP is planted to big bluestem, little bluestem, indian grass, sideoats grama, switch grass, and brome.  Expired CRP was inter-seeded with alfalfa and clover during the CRP contract period.   This half section has highly productive forbs and grasses for cattle.   Areas are often swathed and baled for winter feed.  It has good perimeter fences, is rotational grazed, is electric cross fenced, has 3 large ponds and several smaller ponds.  It’s had controlled burns every 5 years to control volunteer trees.   In the southeast corner are cattle working corrals, squeeze chute with head gate, tank and hydrant.  A second tank and hydrant is located along Noble Road in the southeast corner of the half section.  An automatic waterer is on the south side of Larry Sedlacek’s 8.84 acre fenced off home site in the northwest corner of the half section.  Two home sites on the half section are not included in the lease. Excellent deer and turkey hunting locations are located on the property.  It is bordered by roads on three sides: 130th Road (west), Noble Road (south), and 135th Road (east).   A copy of the grass lease is available on www.bigironrealty.com with this listing.

 

Crop               Base               PLC Yield

Wheat            70.2                34

Oats                  3.3                44

Corn                 3.2                57

Gr Sorghum  27.7                56

Total            104.4

 

Mineral Rights:  100% believed to be intact and sell with the property.

Water Rights:  100% sell with the property

Possession:  At closing.

Title Insurance & Closing Costs:  Shared 50/50 buyer & seller.  Title insurance available on sale day.

Acreages:  Are considered approximate based on USDA-FSA figures which are subject to change and may vary from deeded acres, county appraiser or taxable acres, and are not guaranteed by title insurance.

Inspections: Each bidder is responsible for conducting their own inspections and due diligence concerning the property.  It is being sold ‘as is’.  The Seller nor BigIron Realty, it’s agents or representatives, make any warranties about the property either expressed or implied.  Land inspections can be arranged by calling Larry Sedlacek, 479-970-1753.

Terms:  The successful bidder is required to enter into a written purchase agreement immediately after the sale.   Buyer must make a 10% non-refundable down payment payable to Security 1st Title, 213 W. 6th, Concordia, KS, who will facilitate the closing.  The earnest money deposit can be made by personal check, company check or by wire transfer. The balance will be due at closing by certified check on or before November 26, 2018. Buyer will receive full possession at closing.  Seller will provide marketable title to the buyer evidenced by Title Insurance.  Title insurance and closing costs will be split 50/50 between the buyer and seller.  The buyer will pay 100% of a lenders title insurance policy, if their lender requires a policy. The 2018 real estate taxes will be prorated to the date of closing.   Property will not be sold subject to financing.  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 all 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.

 

Seller:  Larry Sedlacek

For more information, contact listing agent:

Mike Campbell 785-821-0619

Property Information

  • Type:

    Farm And Ranch

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