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Harry and Mary Salvador Trust Land Auction - No Reserve

Details

Wednesday, February 27, 2013
Phillips County Event Center - Holyoke, CO.
520 +/- Acres - NW Yuma County, CO

Description

New Auction Listing in Colorado!

Successful Land Auction - High bids totaling $2,135,000. Parcel #1 Pivot Irrigated - high bid of $1,725,000 or $8,625; Parcel #2 CRP high bid of $410,000 or $2,050 per acre.

520 +/- Acres in Northwest Yuma County, Colorado. The property includes a nice variety of pivot irrigated, CRP, dryland and expired CRP farmland.

 

The Harry & Mary Salvador Trust is offering a total of 520 +/- acres of Colorado Land for Sale at auction consisting of 200 +/- acres of pivot irrigated, 42.1 acres +/- dryland, 64.9 +/- acres CRP, and 213 +/- acres of expired CRP. Located in northwest Yuma County, Colorado, the Salvador Trust property is located 21 - 23 miles South of Haxtun, Colorado or 28 - 30 miles North of Yuma, Colorado. The land tenure of the property is level terrain with Class II & III soils. Situated in an excellent water area with over 170+/- ft of water remaining, including 1 irrigation well permitted to irrigate 200 acres w/400 acre feet with 2 pivots. Includes expired CRP which may be farmed, existing CRP has a payment @ $38.46 acre with the contract expiring 9/30/2015, and possession of the property is upon closing. The Harry & Mary Salvador Trust property is located in a productive and highly desirable agricultural farming area. The Reck Agri Realty & Auction bidding format allows all Buyer(s) an equal opportunity to participate and purchase land to add to or expand your operation and/or current investment portfolio. Some of the property being sold has been within the same family for many years and once sold, may never again be publicly offered for sale.Announcements made by Reck Agri Realty & Auction (hereinafter referred to as Broker) at the time of sale will take precedence over any previously printed material or other oral statements.

PARCEL #1 - PIVOT IRRIGATED: 320 +/- Total Acres; 200 +/- acres pivot irrigated, 42.1 +/- ac dry farmland, 77.9 +/- ac expired CRP/improvement site/rds; Legal: E1/2 of 17, T5N, R46W, Yuma County, CO; Location: From Haxtun, CO, 16.8 +/- mi S on Highway #59 or from Yuma, CO, 23.76 +/- mi N on Highway #59 to CR 57 (Clarkville, CO), 5.5 mi E on CR 57 to SW corner of property, CR 57 borders S property line & CR S borders E property line; Property is pivot irrigated w/dry farmland & expired CRP in the corners; Land tenure is level terrain with primarily Class II & Class III soils; Irrigation Well Permit #14033-FP adjudicated for 400 ac ft to irrigate 200 ac; Irrigation equipment includes 150 US electric motor, pump, 7 tower Reinke pivot & 6 tower Reinke pivot; Over pumped 46.86 ac ft in 2012 irrigation season, and will be allowed to pump 353.1 ac ft in 2013; Call for detail brochure with complete description of equipment, well logs, and irrigation well efficiency test to be completed; FSA base: 192.8 ac corn, 126.9 ac wheat; WYMD Assessment: $20; RRWCD Assessment: $2,900; R/E taxes: $1,139.76.

PARCEL #2 - EXPIRED CRP & CRP: 200 +/- Total Acres; 135.1 +/- acres expired CRP, 64.9 +/- ac CRP; Legal: N1/2 of 24 except for a 119 +/- tract, T5N, R47W, Yuma County, CO; Location: From Haxtun, CO, 16.8 +/- mi S on Highway #59 or from Yuma, CO, 23.76 +/- mi N on Highway #59 to CR 57 (Clarkville, CO), 4 mi E on CR 57 to CR Q, .25 mi S on CR Q to NE corner of property, CR Q borders E property line; Property is expired CRP which could be farmed as dry farmland & existing CRP; Land tenure is level terrain with primarily Class II & Class III soils; CRP contract #1293 w/annual payment of $2,496 @ $38.46/acre; Contract expires 9/30/2015; R/E taxes: $181.22.

SALE TERMS/PROCEDURE: The "Harry & Mary Salvador Trust Land Auction" is a land auction with NO RESERVE. The Salvador property to be offered as a "MULTI PARCEL" Auction in 2 parcels. The parcels will be offered in the sale order stated within the brochure. Competitive bids determine outcome of auction. Seller agrees not to accept and negotiate any contracts to purchase prior to auction. Bids will be taken for total purchase price not price per acre.

SIGNING OF PURCHASE CONTRACT: Immediately following the conclusion of the auction, the highest bidder(s) will enter into and sign a Contract to Buy and Sell Real Estate (Land) for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing. Terms and conditions of the detail brochure and oral announcements shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure.

CLOSING: Buyer(s) shall pay in cash, electronic transfer funds, or cashier's check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before March 22, 2013. Closing to be conducted by Yuma County Abstract and the closing service fee to besplit 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Trustee Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations; oil and gas leases of record; patent reservations; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review within the detail brochure & at the auction and title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate (Land).

POSSESSION: Possession of property upon closing.

PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.

WATER RIGHTS & EQUIPMENT: Seller to convey all Seller's water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation, domestic or livestock use, including but not limited to the following: Well Permit #14033-FP. The water rights are subject to the rules, regulations, and limitations of the
Colorado Department of Water Resources, W-Y Groundwater Management District, and the Republican River Water Conservation District. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of livestock/domestic/irrigation wells and condition of all irrigation equipment.

GROWING CROPS: No growing crop.

CRP CONTRACTS: Seller to convey all right, title, and interest to the existing CRP contract, to the Buyer(s) as successor in interest. Seller to convey the October 2013 CRP payment. Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, the costs and penalties associated with the termination of the CRP contract, and agrees to enter into new CRP contract within 60 days after the closing.

FSA DETERMINATION: FSA base acres and yields to pass with the Parcels as designated within the detail brochure. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the detail brochure.

REAL ESTATE TAXES: 2013 real estate taxes due in 2014, and thereafter to be paid by Buyer(s).

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.

MINERALS: No mineral rights are included.

NOXIOUS WEEDS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, Canadian thistle, rye, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time.

ACREAGES: All stated acreages in the initial brochure, detail brochure, and visual presentation at the auction are approximate and are obtained from aerial photos from the FSA office. The county tax records may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stated at the auction.

MULTIPLE PARTY BID: If several parties go together and collectively bid on parcels and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at closing, and pay for a metes & bounds survey and additional title insurance premium to create the legal description for their respective separate parcel. The collective purchase prices for the separate Parcel(s) shall equal the total Multiple Party Bid.

BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained at the Buyers' Information Meeting or by calling Reck Agri Realty & Auction. Bidding via cell phone, internet, and/or bidding on someoneís behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.

ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transactional Broker. Heirs of Seller reserve the right to bid at the auction. Announcements made by Reck Agri Realty & Auction, at time of sale will take precedence over any previously printed material or other oral statements. Reck Agri Realty & Auction does not offer broker participation for the "Harry & Mary Salvador Trust Land Auction. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidder increments are at discretion of the Broker.

COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on the Internet web page.
A DETAIL BROCHURE: is available upon request and REQUIRED to bid at the auction, via cell phone, or online bidding. It includes the terms and conditions of the auction, pertinent facts, title commitment, Auction Land Contract, etc. For additional color photos visit the ìHarry & Mary Salvador Trust Land Auctionî Visual Tour on our website: www.reckagri.com.

Call with questions on this piece of irrigated Colorado land for sale, or contact Reck Agri here.

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Land Auction - High Bids Totaling $2,135,000

Quick Facts

  • Harry & Mary Salvador Trust Pivot Irrigated Land Auction w/no reserve
  • 520 +/- total acres
  • Successful Land Auction
  • High bids totaling $2,135,000
  • Parcel #1 Pivot Irrigated - high bid of $1,725,000 or $8,625
  • Parcel #2 CRP high bid of $410,000 or $2,050 per acre
  • 200 +/- acres pivot irrigated
  • 42.1 +/- acres dry farmland
  • 213 +/- acres of expired CRP
  • 64.9 +/- acres of CRP, expires 9/30/2015, $38.46/ac
  • NW Yuma County, Colorado
  • 21 – 23 miles S of Haxtun, Colorado
  • 28 – 30 miles N of Yuma, Colorado
  • Possession upon closing
  • Level Class II & III soils
  • Irrigation well permitted for 200 acres @ 400 af
  • Excellent water area
  • 1 well – 2 pivots
  • Offered in 2 Parcels
  • Buyer’s Informational Meeting, Monday – February 11, 2013, at 10:30 a.m., Phillips County Event Center, Holyoke, CO