CMS Farms Pasture & Dry Farmland Auction

Washington County, CO 1,254 +/- Pasture, CRP & Dryland Acres

Overview

Overview

This property is sold

SOLD! Successful Auction!  High bid of $580,000 or $462 per acre.

CMS Farms Pasture and Dry Farmland Auction w/reserve is offering 1,254 acres of Colorado land for sale at auction. Located 19 miles SW of Akron, CO in west central Washington County, Colorado. The CMS Farms property includes pasture, CRP, and dry farmland. The multi-parcel auction bidding format allows all bidders an equal opportunity to participate and purchase parcel sizes ranging from 172.2 acres to 1,254 acres.

Parcel Descriptions

PARCEL
#1A – PASTURE & IMPROVEMENTS: 473.8 +/- acres pasture, rds, &
improvement site; Legal: Part of 1, T1S, R54W, Washington, County, CO;
Location: From Akron, Colorado, 11 mi S on Highway 63 to CR 30, 7.4
mi W on CR 30 to NE corner of the property; Property is pasture for
grazing; Terrain is rolling; Improvements include older 3 bedroom, 1
bath home, with older outbuildings; Livestock water provided by windmill
and well at improvement site; 2011 R/E taxes: $515.32.

PARCEL
#1B – PASTURE & CRP: 608 +/- Total Acres; 507 +/- ac pasture; 101
+/- ac CRP; Legal: S1/2 of 6, N1/2NW1/4 of 7, SE1/4NW1/4 & NE1/4 of
7, T1S, R53W, Washington County, CO; Location: From Akron, Colorado, 11
mi S on Highway 63 to CR 30, 7 mi W on CR 30, ó mi S to NW corner of the
property; Property consists primarily of pasture for grazing with
CRP fenced within pasture; Terrain is rolling; CRP contract #1259A
w/annual payment of $3,232 @ 32/acre; Contract expires 9/30/2013;
Livestock water provided by windmill; 2011 R/E taxes: $437.40.

COMBO
#1 – (PARCELS #1A & #1B) PASTURE, CRP, & IMPROVEMENTS: 1,081.8
+/- Total Acres; 980.8 +/- ac pasture; 101 +/- ac CRP; Property consist
primarily of pasture for grazing, CRP fenced within pasture, and
improvement site; Improvements include older 3 bedroom, 1 bath home,
with older outbuildings; Livestock water provided by windmills and water
at improvements; 2011 R/E taxes: $952.72.

PARCEL #2 – DRYLAND:
172.2 +/- Total Acres; 170.0 +/- ac dryland; 2.2 +/- ac waste; Legal:
Part of the 1, T1S, R54W, Washington, County, CO; Location: From Akron,
Colorado, 11 mi S on Highway 63 to CR 30, 7 mi W on CR 30 to NE corner
of the property; Property is dry farmland; Terrain is level to slightly
rolling; Soils primarily consist of Class II w/smaller areas of Class V;
88 +/- acres wheat stubble, 82 +/- acres planted to wheat; FSA base:
167.3 ac wheat w/32 bu; 2011 R/E Taxes: $215.18.

SINGLE UNIT –
(PARCELS #1A, #1B, & #2) PASTURE, CRP, DRYLAND & IMPROVEMENTS:
1,254.0 +/- Total Acres; 983 +/- ac pasture, rds, & improvement
site; 101 +/- ac CRP; & 170 +/- ac dry farmland; Property consist
primarily of pasture for grazing, CRP fenced within pasture, dry
farmland and improvement site; Improvements include older 3 bedroom, 1
bath home, with older outbuildings; 88 +/- acres wheat stubble, 82 +/-
acres planted to wheat; Livestock water provided by windmills and water
at improvements; 2011 R/E taxes: $1,167.90.

Terms and Conditions

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 December 21, 2012. Closing conducted by Washington County Title Company and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Warranty 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, conveyances of record, 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.

POSSESSION: Possession of pasture upon closing. Possession of improvements and dry farmland subject to existing lease.

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 rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.

WATER RIGHTS: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property.

GROWING CROPS: Seller to convey to Buyer(s) landlord share of wheat currently planted (Buyer(s) to have the option to buy out the tenant share of growing wheat) and 2013 FSA payments associated with said growing crops at time of closing. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.

CRP CONTRACTS: Seller to convey 50% 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.

REAL ESTATE TAXES: 2012 Real Estate Taxes due in 2013 to be paid by Seller, 2013 real estate taxes and thereafter to be paid by Buyer(s).

FSA DETERMINATION: FSA base acres and yields to pass with Parcel #2 or Single Unit 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.

LEGAL DESCRIPTION: Legal descriptions subject to existing fence/field boundaries or land-use trades, if any. If Parcel #2 sells separately, Seller, at their cost, to provide a survey for a metes and bounds legal description after the auction, but before closing.

MINERALS: Seller to reserve 1/2 owned mineral rights for 20 yrs or so long thereafter as production occurs in paying quantities.

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 someone’s behalf, must be approved by Reck
Agri Realty & Auction 24 hours prior to auction.

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 is 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 “CMS Farms Pasture & Dry Farmland Auction” Visual Tour on our website: www.reckagri.com.

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. Announcements made by Reck Agri Realty & Auction, at the 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 “CMS Farms Pasture and Dry Farmland 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 the discretion of the Broker.

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Location

  • Washington County, CO
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Quick Facts

  • CMS Farms Pasture & Dry Farmland Auction w/reserve
  • SOLD!
  • Successful Auction! High bid of $580,000 or $462 per acre.
  • 1,254 +/- total acres
  • 983 +/- acres pasture, roads, improvement site
  • 101 +/- acres CRP
  • 170 +/- acres dry farmland
  • West Central Washington County, Colorado
  • SW of Akron, Colorado
  • Older improvement site
  • 50% of the 2013 CRP payments
  • CRP contract expires in 2013
  • Annual CRP payment $3,232 @ $32/ac
  • Offered in 3 Parcels, Combo, & Single Unit
  • Landlord Share of growing wheat
  • Seller reserves 50% of owned mineral rights for 20 years