OverviewThis property is sold
SUCCESSFUL ONLINE ONLY LAND AUCTION
SOLD $1,127,500. Closed on February 9, 2018!
Parcel #1 High Bid $660,000
Parcel #2 High Bid $302,500
Water Lot #1 $82,500
Water Lot #2 $82,500
Thank You Sellers and Bidders!
The Henry Schaffer Trust is offering 214+/- acres of Colorado land for sale at auction. This property is located within 1/2 mile of southern city limits of Sterling, CO on Hwy #6 in Logan County. The Schaffer property includes 214.0+/- acres with 115.6+/- acres pivot irrigated, 15.7+/- acres flood irrigated, 16.1+/- acres dryland corners, and 66.6+/- acres improvement site, pasture, ditches, & roads. Possession of corn stalks & pasture March 1, 2018. Possession of main home upon closing. Tenant shall have 30 days after closing to remove personal property from small home, shop and surrounding area. Irrigation equipment includes 2 Zimmatic Pivots, 1 irrigation well, 2 pit pumps, Springdale Ditch, & Logan Irrigation District water. Improvements include 2,092 sq ft 3 bedroom, 2 bath home w/partially finished basement, 1,020 sq ft 2 bedroom, 1 bath home, 54’ x 126’ machine shed with cement floor, and other older outbuildings. To be offered in 2 parcels and 2 water lots. Property to be sold by Online Bidding Only Auction.
PARCEL #1 – PIVOT IRRIGATED: 158.7+/- ac; 115.6+/- ac pivot irr, 9.0+/- ac fld irr, 16.1+/- ac dry corners, 18.0+/- ac rds/ditches; Legal: Part of 6 & 7, T7N, R52W; Location: Property is 1/2 mi S of City of Sterling, CO, 2 parcels within Parcel #1 are 1/4 mi E & W of the intersection of Hwy #6 & CR 24; Class II & III soils; Irr water: Irr well permits #7075-RR & #7076-R adjudicated in Water Court Case #944 (1 well is active) augmented by Logan Well Users Group, 156.8 ac within Logan Irr Dist, 33 shares of Springdale Ditch Co; Irr equipment: 25 HP GE electric motor w/pit pump; 30 hp electric motor w/pump, 20 hp US Electric motor w/pit pump; 8 & 5 tower Zimmatic pivots: FSA base: 71.6 ac corn w/133 bu yield, 16.7 ac wheat w/50 bu yield, 12.7 ac sunflowers w/1,152# yield; R/E taxes: $2,928.28.
PARCEL #2 – IMPROVEMENTS W/ACREAGE: 55.3+/- ac; 6.7+/- ac fld irr, 48.6+/- ac pasture, improvement site, & rds/ditches; Legal: Part of 6 & 7, T7N, R52W; Location: Property is 1/2 mi S of City of Sterling, CO, Parcel #2 is 1/4 mi W of the intersection of Hwy #6 & CR 24; Improvements include: 2,092 sq ft 3 bed, 2 bath home w/partially finished basement; 1,020 sq ft 2 bed, 1 bath home; 54’ x 126’ machine shed with cement floor & misc outbldgs; 3 domestic wells; R/E taxes: $3,203.47. NO IRRIGATION WATER INCLUDED
WATER LOT #1: 25 LOGAN IRRIGATION DISTRICT ACRES
WATER LOT #2: 26.2 LOGAN IRRIGATION DISTRICT ACRES
SEE DETAIL BROCHURE FOR TERMS AND CONDITIONS OF PURCHASING LOGAN IRRIGATION DISTRICT ACRES
ONLINE BIDDING PROCEDURE: The Henry Schaffer Trust property will be offered for sale in 2 parcels. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on November 24, DECEMBER 8, 2017. The auction will “soft close” @ 12:00 noon, MT on November 30, DECEMBER 14, 2017. Bidding will continue in 5 minute increments until 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 Henry Schaffer Trust 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. Bidder increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting Henry Schaffer Trust Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.
SALE TERMS/PROCEDURE: The “HENRY SCHAFFER TRUST LAND AUCTION” with RESERVE is an online only auction. The property to be offered as two parcels and 2 water lots. 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 in 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 December 28, 2017, FEBRUARY 9, 2018. 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 Trustee 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: Possession of corn stalks & pasture March 1, 2018. Possession of main home upon closing. Tenant shall have 30 days after closing to remove personal property from small home, shop and surrounding area.
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 wells and equipment, well permits, all water, water rights, water development rights, all ditch rights, reservoir rights, lateral rights and conveyance canal rights, and all easements and rights-of-way associated with said water rights, and all domestic/livestock wells and irrigation wells; appurtenant to the property. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources, Springdale Ditch Company, Logan Irrigation District, and The Logan Well Users Group. 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.
GROWING CROPS: No growing crops.
FSA DETERMINATION: FSA base acres and yields to pass with the property.
REAL ESTATE TAXES: 2017 real estate taxes due in 2018 to be paid by Seller. 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. 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 Transaction Broker. Announcements made by Reck Agri Realty & Auction, prior to the close of online bidding will take precedence over any previously printed material or other statements. Reck Agri Realty & Auction does not offer broker participation for the “HENRY SCHAFFER TRUST 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. Bidder increments are at the discretion of the Broker.
A DETAIL BROCHURE is available upon request and is REQUIRED to bid at the online auction, or via 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 the “HENRY SCHAFFER TRUST 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.
ONLINE ONLY LAND AUCTION
HENRY SCHAFFER TRUST LAND AUCTION w/Reserve
Bidding will begin @ 8:00 am MT on November 24, DECEMBER 8, 2017.
The auction will “soft close” @ 12:00 noon, MT on November 30, DECEMBER 14, 2017.
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- Sterling, Logan County, CO
- Henry Schaffer Trust Land Auction w/reserve
- SUCCESSFUL ONLINE ONLY LAND AUCTION
- High Bids totaling $ 1,127,500
- Bidding will begin @ 8:00 am MT on DECEMBER 8, 2017
- The auction will “soft close” @ 12:00 noon, MT on DECEMBER 14, 2017
- 18461 CR 24, Sterling, CO 80751
- 214.0+/- total acres
- 115.6+/- acres pivot irrigated
- 15.2+/- acres flood irrigated
- 17.3+/- acres dryland corners
- 65.9+/- acres improvement site, pasture, ditches, & roads
- Property located within 1/2 mile of southern city limits of Sterling, CO
- on Hwy #6 in Logan County
- Possession of corn stalks & pasture March 1, 2018
- Possession of home upon closing
- Tenant shall have 30 days after closing to remove personal property from shop and surrounding area
- 2 Zimmatic Pivots, 1 irrigation well, 2 pit pumps, Springdale Ditch, & Logan Irrigation District water
- 2,092 sq ft 3 bedroom, 2 bath home w/partially finished basement
- 1,020 sq ft 2 bedroom, 1 bath home
- 54’ x 126’ machine shed with cement floor
- Offered in 2 parcels & 2 water lots – Online Only Auction