Flatlands, Inc. Irrigated Land Auction

Phillips County, CO 480± Acres

Overview

Overview

New auction (online-only) with NO RESERVE featuring two parcels of pivot irrigated land in south-central Phillips County, Colorado. Both parcels would make an excellent addition to anyone’s operation or investment portfolio. Properties may be eligible for conservation programs through USDA and Republican River Water Conservation District (RRWCD). Tenant has right to utilize cornstalks.

Directions from Holyoke: South on Hwy 385 3 miles; take Co Rd 14 west 6 miles; turn south on Co Rd 27 – Parcel #2 sits west of Co Rd 27; continue 1 mi south on Co Rd 27 to Co Rd 12 – Parcel #1 sits on S/E corner of intersection of Co Rd 12 and 27.

Location

  • Phillips County, CO
View Map

Quick Facts

  • Online-Only Auction (No Reserve)
  • Bidding Opens: Wed., October 20 @ 8 AM
  • Bidding Closes: Thurs., October 21 @ 12 noon
  • Starting Bids: Parcel #1 - $380,000; Parcel #2 - $620,000
  • Located 10-12± mi southwest of Holyoke, CO
  • Possession subject to 2021 lease; tenant has rights to utilize cornstalks
  • Well Permits & Irrigation Equipment:
  • Parcel #1 - #12649-FP, drilled to 305' total depth; 7-tower Valley pivot, 100 HP elec motor and pump.
  • Parcel #2 - #15170-FP/#15611-FP (1 well) - drilled to 295' total depth. (Permit #15611-FP added appropriation & additional acres); 14-tower Valley pivot, 150 HP elec motor & pump.
  • All of Seller's minerals to be included (if any)
  • Listing #212208

Property Details

Property Details

Color Brochure

Parcel #1

160.0± total ac with 125.0± ac pivot irr & 34.6± ac dryland. Nearly level topography with mostly Class II soils. One irrigation well w/ 7-tower Valley pivot, 100 HP elec motor.
Legal: NW1/4 Sec of 8, T6N-R45W, Phillips County, CO.
R/E Taxes (2020): $4,950.00 (including $1,957.52 RRWCD & $60.00 FGWD).
Starting Bid: $380,000

Parcel #2

320.0± total ac with 175.0± ac pivot irr & 140.7± ac dryland. Nearly level topography with mostly Class II soils. One irrigation well w/ 14-tower Valley pivot, 150 HP elec motor.
Legal: E1/2 of Sec 6, T6N-R45W, Phillips County, CO.
R/E Taxes (2020): $9,405.48 (including $3,770.00 RRWCD & $120.00 FGWD).
Starting Bid: $620,000

Auction Terms

Auction Terms

Terms & Conditions

OVERVIEW: The Flatlands, Inc. Irrigated Land Auction offers 2 parcels of pivot irrigated cropland located S/W of Holyoke, CO. These parcels have excellent production history with nearly level terrain and Class II soils.
ONLINE BIDDING PROCEDURE: The Flatlands, Inc. Property will be offered for sale in 2 parcels. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on Wednesday, October 20, 2021. The auction will “soft close” @ 12:00 noon, MT on Thursday, October 21, 2021. Bidding remains open on all parcels as long as there is continued bidding on 1 or more of the parcels. Bidding will close when 5 minutes have passed with no new bids on any of the parcels. Bidders may bid on any and/or all parcels at any time before bidding closes.
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 Flatlands, Inc. 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: 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 may be obtained by visiting Flatlands, Inc. Irrigated Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.
SALE TERMS/PROCEDURE: The “FLATLANDS, INC. IRRIGATED LAND AUCTION” with NO RESERVE is an online only auction with NO RESERVE. The Flatlands, Inc. property will be offered as 2 parcels. 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 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 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 November 19, 2021. Closing to be conducted by Phillips County Abstract 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 title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate (Land).
POSSESSION: There is a lease on the property to expire February 28, 2022. Tenant has the right to utilize cornstalks. Property available for the 2022 crop season.
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 for irrigation use, including but not limited to the following: Well Permits #15170-FP and #12649-FP. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources, the Frenchman Groundwater District (FGWD), and Republican River Water Conservation District (RRWCD). Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of irrigation wells and condition of all irrigation equipment. Seller to convey 2 irrigation wells and 2 center pivot irrigation systems. Seller to pay for 2021 RRWCD and FGWD assessments.
GROWING CROPS: Seller to retain 2021 lease rental payments.
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: 2021 real estate taxes due in 2022, to be paid by Seller. 2022 real estate taxes due in 2023 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, 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 assume 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 “FLATLANDS, INC. 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.
A DETAIL BROCHURE is available upon request and is REQUIRED for online bidding or via cell phone. It includes the terms and conditions of the auction, pertinent facts, title commitment, Contract to Buy and Sell Real Estate (Land). For additional color photos visit “FLATLANDS, INC. IRRIGATED LAND AUCTION” on our website: www.reckagri.com.
COPYRIGHT NOTICE: Photographs, videos, 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.