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Dawson County Pivot Irrigated Land AuctionSUCCESSFUL AUCTION

198.8+/- Acres - Pivot Irrigated - Southeast Dawson County, NE

Description

SOLD! ONLINE ONLY AUCTION HIGH BID $980,000!

Bidding Opens: January 12, 2018 @ 8:00 am, CT
Bidding Closes: January 18, 2018 @ 12 noon, CT

JOIN US!
Watch and/or submit bids at the Bid Closing
Thursday, January 18, 2018 from 10 am - Noon CT
Holiday Inn Express, Lexington, NE

PIVOT IRRIGATED: 196.8+/- ac; 154.0+/- ac pivot irrigated, 42.8+/- ac corners, flood irrigated, improvement site, & roads (9.3+/- acres of the 198.8+/- acres is R/R ROW and is being farmed within the property); Legal: NW1/4 of 27 & SW1/4 of 22 lying S of R/R ROW, T9N, R19W; Location: From Overton, Nebraska, 3 mi SE on Hwy #30 to Rd 447, S across R/R to NW corner of property. Soils consist of Class I & III soils; Irrigation water includes: Well Permit #G018043, #G018042, and unregistered well, 189.2 Central Platte NRD certified acres with an additional 5 certified acres being used from adjoining property. Irrigation equipment includes: Western Land Roller pump; Randolph 60 hp gearhead; Western Land Roller pump; US Electric 30 hp electric motor; Fairbanks Morse pump; General Electric 40 hp electric motor; Zimmatic 7 tower, with Reinke cornering system; FSA base: 157.7 ac corn w/153 bu yield, 25.3 ac soybeans w/46 bu PLC yield; R/E taxes: $11,978.14.

TERMS & CONDITIONS

OVERVIEW:
196.8+/- acres in Dawson County, NE is being offered for sale at an ONLINE ONLY LAND AUCTION.  The Dawson County pivot irrigated property is located 3 miles southeast of Overton, NE in southeast Dawson County. This property includes 154.0+/- acres of pivot irrigated with 42.8+/- acres of corners, flood irrigated, improvement site and roads. 9.3+/- acres of the 198.8+/- acres is R/R ROW and is being farmed within the property. 189.2 certified acres within the Central Platte Natural Resource District with an additional 5 certified acres included with the adjoining land. Possession upon closing. One irrigation well is being used for the 7 tower Zimmatic pivot with a corner system and one irrigation well is being used for the flood irrigated. There is an additional irrigation well not being used that is not registered with the state. FSA base includes: 157.7 ac corn w/153 bu PLC yield and 25.3 ac wheat w/46 bu PLC yield. Improvements include 1,100+/- sq ft, 2 bedroom, 1 bath home with outbldgs.  STARTING BID:  $800,000

ONLINE BIDDING PROCEDURE: The Dawson County Pivot Irrigated Property will be offered for sale as one parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am CT on January 12, 2018. The auction will “soft close” @ 12:00 noon, CT on January 18, 2018. Bidding will continue in 5 minute increments until 5 minutes have passed with no new bids. Bidding will close when 5 minutes have passed with no new bids.

To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit www.reckagri.com and click on the Dawson County Pivot Irrigated Land Auction property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.

BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: Review and agree to the terms and conditions of the detail brochure; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting Dawson County Pivot Irrigated Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

SALE TERMS/PROCEDURE: The "Dawson County Pivot Irrigated Land Auction" with RESERVE is an online only auction with RESERVE. The Dawson County Pivot Irrigated property to be offered as one parcel. Competitive bids will determine the outcome of the auction. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.

SIGNING OF PURCHASE CONTRACT:
Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Farm, Ranch, and Land Purchase Agreement 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 shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure.

CLOSING: Buyer(s) shall pay in electronic transfer funds or cashier's check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before February 16, 2018. Closing to be conducted by TBD 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). The Buyer(s) to receive a TBD title commitment within detail brochure, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner's title insurance policy in an amount equal to the Purchase Price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations; and 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 and at the auction and title commitment and exceptions will be incorporated and made a part of the Farm, Ranch, and Land Purchase Agreement.

POSSESSION: Possession of the farmland upon closing. Possession of improvements 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 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.  Each of the wells are subject to the rules, regulations, and limitations of the Nebraska Department of Natural Resources and the Central Platte Natural Resource 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 condition of all irrigation equipment.

FSA DETERMINATION:  FSA base acres and yields to pass with the Parcel 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: 2018 real estate taxes due in 2019, 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: Seller to convey all OWNED mineral rights to Buyer(s).   

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 presentations 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.

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. Improvements and equipment are being 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 Limited Seller’s Agent. Reck Agri Realty & Auction does not offer broker participation for the "Dawson County Pivot Irrigated 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. Bidding increments are at the discretion of the Broker.
 
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, Farm, Ranch, & Land Purchase Agreement. For additional color photos visit the “Dawson County Pivot Irrigated Land Auction” Visual Tour on our website: www.reckagri.com.

COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission.

ANNOUNCEMENTS MADE BY RECK AGRI REALTY & AUCTION (HEREINAFTER REFFERED TO AS BROKER) AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL.

ONLINE ONLY LAND AUCTION

DAWSON COUNTY PIVOT IRRIGATED LAND  AUCTION  (ONLINE ONLY BIDDING)
Bidding Opens: January 12, 2018 @ 8:00 am, CT
Bidding Closes: January 18, 2018 @ 12 noon, CT

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SOLD ON 2/23/2018! ONLINE ONLY AUCTION HIGH BID $980,000!

Quick Facts

  • DAWSON COUNTY PIVOT IRRIGATED LAND AUCTION (ONLINE ONLY BIDDING)
  • SOLD! ONLINE ONLY AUCTION HIGH BID $980,000!
  • Bidding Opens: January 12, 2018 @ 8:00 am, CT
  • Bidding Closes: January 18, 2018 @ 12 noon, CT
  • Watch and/or submit bids at the Bid Closing; Thursday, January 18, 2018 from 10 am - Noon CT; Holiday Inn Express, Lexington, NE
  • 196.8+/- total acres
  • 154.0+/- acres pivot irrigated, 42.8+/- acres corners, flood irrigated, improvement site & roads
  • SE Dawson County, NE
  • Property located 3 mi SE of Overton, NE on Hwy #30
  • Possession upon closing
  • 1 irrigation well for pivot & 1 irrigation well for flood
  • 194.2 certified acres in Central Platte Natural Resource District
  • Seller to convey owned mineral rights to Buyer(s)
  • 1,100 +/- sq foot, 2 bedroom, 1 bath home with outbldgs.
  • 7 tower Zimmatic pivot with corner system
  • Starting Bid: $800,000