Dorothy Helmut Estate Land Auction

Logan, CO 137 Acres

Overview

Overview

The Dorothy Helmut Estate is offering their family farm for sale at auction. The farm consist of 137.8+/- acres with 133.6+/- acres being flood irrigated by 6 shares of the South Platte Ditch Company. This property is located from Merino, CO, 2 miles south on CR 25, 1/2 mile east on CR 4 to the SW corner of property, all in Logan County. The Buyer(s) may have possession upon signing of contract. There is one irrigation well (non-operational) augmented by the South Platte Well Users Group. Owned mineral rights to be conveyed to Buyer(s). STARTING BID: $475,000

Location

  • Logan, CO
View Map

Quick Facts

  • DOROTHY HELMUT ESTATE LAND AUCTION – ONLINE ONLY
  • Bidding Opens: April 17, 2019 @ 8:00 am, MT
  • Bidding Closes: April 19, 2019 @ 12 noon, MT
  • 137.8+/- acres
  • 133.6+/- acres flood irrigated
  • 4.2+/- acres waste
  • SW Logan County, Colorado
  • From Merino, CO, 2 mi S, 1/2 mi E
  • Spring possession
  • 6 shares of South Platte Ditch Co.
  • 1 irrigation well (non-operational)
  • Owned mineral rights conveyed to Buyer(s)
  • Starting bid: $475,000
  • Join Us! Bid Closing Meeting
  • April 19, 2019 @ 12 noon, MT
  • Reck Agri Realty Auction Center, Sterling, CO

Property Type(s)

Property Details

Property Details

Color Brochure Bidder Approval Form

PARCEL DESCRIPTION

ACREAGE:

133.6+/- Acres Flood Irrigated
4.2+/- Acres Grass/Roads
137.8+/- Total Acres

TAXES:

2018 real estate taxes payable in 2019 are: $2,340

FSA INFORMATION

FSA bases: 68.2 ac corn w/118 bu PLC yield, 68.2 ac wheat w/50 bu PLC yield.

IRRIGATION WATER EQUIPMENT:

6 capital stock shares of South Platte Ditch Co. and Irrigation Well Permit & #15278-RF, adjudicated in Water Court Case #W-1758 for 2.68 cf ft/sec to irrigate 120 acres. Well is augmented by the South Platte Ditch Well Users. Well is non-operational. See Pages 7-10 of the Detail Brochure for copy of well permit. See Pages 11-13 of the Detail Brochure for copy of Water Court Case. See Page 14 of the Detail Brochure for copy of survey.

Auction Terms

Auction Terms

AUCTIONS TERMS AND CONDITIONS:

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 .

ONLINE BIDDING PROCEDURE: The Helmut Property will be offered for sale in 1 parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on April 17, 2019. The auction will “soft close” @ 12:00 noon, MT on April 19, 2019. Bidding will continue in 5 minute increments until 5 minutes have passed with no new bids. Bidding remains open as long as there is continued bidding. 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 Dorothy Helmut Estate 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: 1.) 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, Bidder Approval and auction sign-in may be obtained by visiting Dorothy Helmut Estate Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

SALE TERMS/PROCEDURE: The “DOROTHY HELMUT ESTATE LAND AUCTION” with RESERVE is an online only auction with RESERVE. The Helmut 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. STARTING BID: $475,000.

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 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 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 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 May 17, 2019. Closing to be conducted by Stewart Title of Sterling and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Personal Representative 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 Contract to Buy and Sell Real Estate (Land).

POSSESSION: Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops. Any completion of fieldwork and planting of crops does not constitute a farm lease. If Buyer(s) defaults and doesn’t close, all fieldwork, crop expenses, and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fieldwork completed at custom rates and invoiced crop expenses.

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 water, well permits, water rights, ditch rights, lateral rights, and conveyance canal rights, and all easements and rights-of-way associated with said water rights appurtenant to the property, including but not limited to the following: 6 capital stock shares of South Platte Ditch Co. and Irrigation Well Permit #15278-R, adjudicated in Water Court Case #W-1758 for 2.68 cf ft/sec to irrigate 120 acres. Well is augmented by the South Platte Ditch Well Users. Well is non-operational. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and the South Platte Ditch Company. Water rights and the irrigation equipment is being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, adequacy and/or delivery of ditch water and stream flows, and pumping rates/adequacy of pit pumps and condition of all irrigation equipment. Irrigation equipment is non-operational. Buyer(s) to pay for 2019 irrigation ditch assessments. Gated pipe excluded from property.

GROWING CROPS: No growing crops.

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: 2019 real estate taxes due in 2020, to be paid by Buyer(s).

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

FIRST OPPORTUNITY TO PURCHASE: Sellers are retaining the adjacent 21.93 ac with the original improvements. In the event they decide to sell said property, they agree to give the Buyer(s) of the property being offered for sale at auction, the first opportunity to purchase said acreage.

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 and detail brochure 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 published 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. Property is 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 Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for the “DOROTHY HELMUT ESTATE 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, and Contract to Buy and Sell Real Estate (Land). For additional color photos visit the “DOROTHY HELMUT ESTATE 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. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on its website.

 

How to Bid

How to 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 by visiting auction property page at www.reckagri.com, 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.