Bernard & Edith Loos Estate Land Auction

Logan County, CO 1,069.6 Acres

Overview

Overview

This property is sold

SUCCESSFUL AUCTION!

HIGH BIDS TOTALING: $1,047,500

Combo #1                                         $415,000             $1,325/dryland acre

Parcel #2                                           $145,000             $827/dryland acre

Combo #3                                         $150,000             $914/dryland-CRP acre

Parcel #4                                           $100,000             $838/CRP acre

Parcel #5A                                         $120,000             $754/CRP acre

Parcel #5B                                         $117,500             $828/ CRP acre

The heirs of Bernard and Edith Loos are offering 1,076.3+/- acres of Colorado land for sale at auction. The property is to be offered in 8 parcels and 3 combos which are located from Fleming, CO 11 to 17 miles south in southeast Logan County, Colorado. The Loos property includes 534.5+/- acres of dryland with 199.9+/- acres in growing wheat, 159.4+/- acres to be planted to corn, and 175.2+/- acres to be planted to millet. Buyer(s) to receive possession of the land after their respective harvest. Seller to retain the growing wheat crop. Seller to convey the landlord share of corn and millet to Buyer(s). 538.0 acres is enrolled in the CRP program with 4 contracts expiring in 2019 and 1 contract expires in 2020. Annual payments range from $29.65 to $41.42/acre. Total CRP payments are $20,404. Seller to convey all OWNED mineral rights.

Location

  • Logan County, CO
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Quick Facts

  • BERNARD & EDITH LOOS ESTATE LAND AUCTION
  • June 27, 2019 @ Reck Agri Auction Center @ 10:30 a.m.
  • 1,076.3+/- acres
  • 534.5+/- acres dryland
  • 538.0+/- acres CRP
  • SE Logan County, Colorado
  • Located 11 to 17 mi S of Fleming, CO
  • Possession of dryland subject to current farm lease
  • Seller to retain 2019 growing wheat
  • Seller to convey L/L share of corn and millet to Buyer(s)
  • Possession of CRP upon closing
  • 100% of the October 2019 CRP payments to Buyer(s)
  • 4 - CRP contracts expiring in 2019 and 1 – CRP contract expires in 2020
  • Annual payments range from $29.65/ac to $41.42/ac
  • Seller to convey all of the OWNED mineral rights to Buyer(s)
  • Offered in 8 parcels and 3 combos

Property Details

Property Details

This property is sold Color Brochure Detail Brochure Comparative Sales

PARCEL DESCRIPTIONS

PARCEL #1A - DRYLAND: 157.5+/- ac

LEGAL DESCRIPTION:  SW1/4 of Section 32, Township 6 North, Range 49 West of the 6th PM, Logan County, CO.
See Pages 40-43 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE:
153.7+/- Acres Dryland
3.8+/- Acres Waste
157.5 +/- Total Acres
LAND TENURE: See Soils Map on Page 27 of the Detail Brochure.
TAXES: 2018 real estate taxes payable in 2019 are: $519.59
FSA INFORMATION: FSA bases: 72.9 ac wheat w/27 bu PLC yield, and 6.3 ac barley w/32 bu PLC yield.
COMMENTS: 153.7+/- ac growing wheat

PARCEL #1B - DRYLAND: 159.4+/- ac dryland

LEGAL DESCRIPTION: SE1/4 of Section 32, Township 6 North, Range 49 West of the 6th PM, Logan County, CO.
See Pages 40-43 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE: 159.4+/- Acres Dryland
LAND TENURE: See Soils Map on Page 28
TAXES: 2018 real estate taxes payable in 2019 are: $519.59
FSA INFORMATION: FSA bases: 74.8 ac wheat w/27 bu PLC yield, 6.1 ac corn w/25 bu PLC yield. and 6.3 ac barley w/32 bu PLC yield.
COMMENTS: 159.4+/- ac to be planted to corn.

COMBO #1 - (Parcels #1A & #1B): 316.9+/- ac

LEGAL DESCRIPTION:
See Parcels #1A & #1B
ACREAGE:
313.1+/- Acres Dryland
3.8+/- Acres Waste
316.9+/- Total Acres
LAND TENURE: See Parcels #1A & #1B
TAXES: 2018 real estate taxes payable in 2019 are: $1,039.18
FSA INFORMATION: FSA bases: 147.7 ac wheat w/27 bu PLC yield, 6.1 ac corn w/25 bu PLC yield, and 12.5 ac barley w/32 bu PLC yield.313.1+/ – ac dryland, 3.8 +/- ac waste; 153.7+/- ac growing wheat; 159.4+/- ac to be planted to corn; FSA base: 147.7 ac wheat w/27 bu PLC yield, 6.1 ac corn w/25 bu PLC yield, 12.5 ac barley w/32 bu PLC yield;

R/E Taxes: $1,039.18.

PARCEL #2 - DRYLAND: 175.2+/- ac dryland

LEGAL DESCRIPTION: A tract in Section 25, Township 6 North, Range 49 West of the 6th PM,
Logan County, CO.
See Pages 44-49 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE: 175.2+/- Acres Dryland
LAND TENURE: See Soils Map on Page 29 of the Detail Brochure.
TAXES: 2018 real estate taxes payable in 2019 are: $556.08
FSA INFORMATION: FSA bases: 81.3 ac wheat w/27 bu PLC yield, 6.7 ac corn w/25 bu PLC yield, and 6.9 ac barley w/32 bu PLC yield.
COMMENTS: 175.2+/- ac to be planted to millet.

PARCEL #3A - CRP : 117.8+/- ac

LEGAL DESCRIPTION: A tract in Section 22, Township 6 North, Range 49 West of the 6th PM, Logan County, CO.
See Pages 50-55 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE: 117.8+/- Acres CRP
LAND TENURE: See Soils Map on Page 30.
TAXES: 2018 real estate taxes payable in 2019 are: $359.47
COMMENTS: CRP Contract #1634D with annual payment of $4,881 @ 41.42/ac. Con-tract expires 9/30/2019. See Page 35of the Detail Brochure for copy of contract.

PARCEL #3B - DRYLAND: 46.2+/- ac dryland

LEGAL DESCRIPTION: A tract in Section 22, Township 6 North, Range 49 West of the 6th PM, Logan County, CO.
See Pages 50-55 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE: 46.2+/- Acres Dryland
LAND TENURE: See Soils Map on Page 31 of the Detail Brochure.
TAXES: 2018 real estate taxes payable in 2019 are: $139.79
FSA INFORMATION: FSA bases: 29.5 ac wheat w/27 bu PLC yield, 1.8 ac corn w/25 bu PLC yield, and 1.9 ac barley w/32 bu PLC yield.
COMMENTS: 46.2+/- ac growing wheat

COMBO #3 - (Parcels #3A & #3B): 164.0+/- ac

LEGAL DESCRIPTION: See Parcels #3A & #3B
ACREAGE:
117.8+/- Acres CRP
46.2+/- Acres Dryland
164.0+/- Total Acres
LAND TENURE: See Parcels #3A & #3B
TAXES: 2018 real estate taxes payable in 2019 are: $499.25
FSA INFORMATION: FSA bases: 29.5 ac wheat w/27 bu PLC yield, 1.8 ac corn w/25 bu PLC yield, and 1.9 ac barley w/32 bu PLC yield.
COMMENTS: See Parcels #3A & #3B

PARCEL #4 - CRP: 119.3+/- ac

LEGAL DESCRIPTION: A tract in Section 22, Township 6 North, Range 49 West of the 6th PM,Logan County, CO.
See Pages 50-55 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE: 119.3+/- Acres CRP
LAND TENURE: See Soils Map on Page 32 of the Detail Brochure.
TAXES: 2018 real estate taxes payable in 2019 are: $356.46
COMMENTS: CRP Contract #1635D with annual payment of $4,633 @ $38.83/ac. Con-tract expires 9/30/2019. See Page 36 of the Detail Brochure for copy of contract.

PARCEL #5A - CRP: 159.0+/- ac CRP

LEGAL DESCRIPTION: NE1/4 of Section 1, Township 6 North, Range 50 West of the 6th PM,  Logan County, CO.
See Pages of the Detail Brochure 56-59 for legal description, title commitment, and title exceptions.
ACREAGE: 159.0+/- Acres CRP
LAND TENURE: See Soils Map on Page 33 of the Detail Brochure.
TAXES: 2018 real estate taxes payable in 2019 are: $494.60
COMMENTS: 44.6 ac CRP w/ Contract #1786D with annual payment of $1,322 @ $29.65/ac. Contract expires 9/30/2020. See Page 37 for copy of contract. 114.4 ac CRP w/ Contract #1661D w/ annual payment of $4,270.87 @ $37.33/ac. Contract expires 9/30/2019. See Page 38-39 for copy of con-tract.

PARCEL #5B - CRP: 141.9+/- ac CRP

LEGAL DESCRIPTION: NW1/4 of Section 6, less a tract, Township 6 North, Range 50 West of the  6th PM, Logan County, CO. See Pages 60-62 of the Detail Brochure for legal description, title commitment, and title exceptions.
ACREAGE: 141.9+/- Acres CRP
LAND TENURE: See Soils Map on Page 34 of the Detail Brochure.
TAXES: 2018 real estate taxes payable in 2019 are: $433.88
COMMENTS: Contract #1661D with annual payment of $5,297.13 @ $37.33/ac. Con-tract expires 9/30/2019. See Page 38-39 of the Detail Brochure for copy of contract.

COMBO #5 - (Parcels #5A & #5B): 300.9+/- ac

LEGAL DESCRIPTION: See Parcels #5A & #5B
ACREAGE: 300.9+/- Acres CRP
LAND TENURE: See Parcels #5A & #5B
TAXES: 2018 real estate taxes payable in 2019 are: $928.48
COMMENTS: See Parcels #5A & #5B