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Jesse (Shorty) Peck Land & Mineral Rights Auction

Washington County, CO 640+/- Total Acres

Overview

Overview

This property is sold

SOLD! BID TOTALS OF $ 442,500.

See
Color Brochure, Visual Tour, Google Map and Detail Brochure below
Quick Facts…

Successful Auction! RESULTS

This auction was unique as we offered the land and mineral rights
separately, then as a combo. It was a test to determine the value of
mineral rights. 100% of the minerals were to be conveyed.  Parcel #1A
& Parcel #1B sold separately. Parcel #1B (Mineral rights) sold for
$104/ac.  Parcel #2A(CRP) & #2B(Mineral rights) sold as a combo. The
last high bid for Parcel #2B (Mineral rights) was $142/ac.

FINAL RESULTS:

AUCTION          BID            PP/ACRE
TRACT
Parcel #1A         $280,000     $583   
Parcel #1B         $50,000       $104   
Combo #2         $112,500     $699    
Total Bids $442,500

640+/- acres of Colorado land for sale at auction. The property is located 20 to 22 miles southwest of Akron in west central Washington County, Colorado. The property will sell in 2 parcels: #1A is 308.5+/- acres of pasture with 171.5+/- acres CRP @ $34.65/acre with annual payment of $5,942, contract expires 9/30/2023 and #2A: 160.9+/- acres CRP @ $30.22/acre with annual payment of $4,862, contract expires 9/30/2023. Possession upon closing. 100% of the owned mineral rights to be sold separately and then in combination with each parcel. 100% of the 2016 CRP payments to Buyer(s).

Mineral rights
to be offered for sale at auction separately, then in combo with each
parcel.

PARCEL #1A – PASTURE & CRP: 480.0+/- Total Acres; 171.5+/- ac CRP; 308.5+/- ac Pasture; Legal: S1/2 & S1/2N1/2 of 15, T1N, R54W, Washington County, CO; Location: From Akron, CO, 10 mi S on Hwy 63 to CR 33, 10 mi W on CR 33 to SE corner of the property; Terrain is rolling; CRP contract #10380A w/annual payment of $5,942 @ $34.65/acre, Contract expires 9/30/2023; L/S water provided by well and dirt tank; 2015 R/E taxes: $584.61.

PARCEL #1B – MINERAL RIGHTS:
Seller to convey 100% of owned mineral rights associated with Parcel #1A (Legal: S1/2 & S1/2N1/2 of 15, T1N, R54W, Washington
County, CO)

COMBO #1 (PARCELS #1A & #1B) – PASTURE, CRP, & MINERAL RIGHTS: 480.0+/- Total Acres; 171.5+/- ac CRP; 308.5+/- ac Pasture; CRP contract #10380A w/annual payment of $5,942 @ $34.65/acre, Contract expires 9/30/2023; L/S water provided by well and dirt tank; 100% of OWNED mineral rights; 2015 R/E taxes: $584.61.

PARCEL #2A – CRP: 160.9+/- ac CRP; Legal: NW1/4 of 27, T1N, R54W, Washington County, CO; Location: From Akron, CO, 10 mi S on Hwy 63 to CR 33, 10 mi W on CR 33 to CR S, 1 mi S to CR 32, 1/2 mi W to NE corner of the property; Terrain is rolling; CRP contract #10381A w/annual payment of $4,862 @ $30.22/acre, Contract expires 9/30/2023; 2015 R/E taxes: $318.04.

PARCEL #2B – MINERAL RIGHTS: Seller to convey 100% of owned mineral rights associated with Parcel #2A (Legal: NW1/4 of 27, T1N, R54W, Washington County, CO)

COMBO #2 (PARCELS #2A & #2B) – CRP & MINERAL RIGHTS: 160.9+/- ac CRP; CRP contract #10381A w/annual payment of $4,862 @ $30.22/acre, Contract expires 9/30/2023; 100% of OWNED mineral rights; 2015 R/E taxes: $318.04.

WEATHER NOTICE:
In the event of inclement weather, please visit www.reckagri.com, call our office at 970-522-7770, or listen to KSIR (1010 AM) or KATR (98.3 FM) for auction updates.

SALE TERMS/PROCEDURE: The “JESSE (Shorty) PECK LAND & MINERAL RIGHTS AUCTION” is a land auction with RESERVE. The Peck property to be offered as a “MULTI PARCEL” Auction in 2 Parcels being offered without the mineral rights, mineral rights with each parcel being offered separately, then land and mineral rights being offered in combination. The parcels and mineral rights will be offered in the sale order as stated within the brochure. The parcels and mineral rights will compete to determine the highest aggregate bid(s) acceptable to the Seller. SELLER RESERVES THE RIGHT TO ACCEPT OR REJECT ALL BIDS LESS THAN TOTAL RESERVE BID OF $325,000. 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 conclusion 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 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 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 June 17, 2016. Closing to be conducted by Washington County Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
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.
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.
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.
REAL ESTATE TAXES: 2016 real estate taxes due in 2017, 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.
TITLE: Seller to pass title by Warranty Deed and Mineral 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 minerals reserved by Seller as shown within these Terms and Conditions; 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 Parcel #2A upon closing. Upon signing of
contract and the earnest money clearing, Buyer(s) may enter onto Parcel #1A and complete the necessary work to repair fence and livestock water facilities to prepare the property to graze. Any repair of fences and/or livestock water facilities does not constitute a pasture lease. If Buyer(s) defaults and doesn’t close, all cost associated with the fence and/or livestock facility repair and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fence and livestock facility repair completed at reasonable rates and invoiced expenses. Seller reserves the personal property located on Parcel #1A and the right to remove said personal property until September 1, 2016.
WATER RIGHTS & EQUIPMENT: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property.
CRP CONTRACTS: Seller to convey all right, title, and interest to the existing CRP contracts to the Buyer(s) as successor in interest. Seller to convey the October 2016 CRP payment. Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, and agree to enter into new CRP contract within 60 days after the closing. Buyer(s) assumes responsibility of the costs and penalties if Buyer(s) chooses to terminate the existing contract.
MINERALS: Seller is reserving OWNED mineral rights from the surface rights,  then offering said mineral rights separately and in combination with the surface rights at the auction. Buyer(s) should complete their own Due Diligence and research the mineral rights prior to the auction. Mineral rights are being sold AS IS-WHERE IS without warranty or guarantee of any mineral right matters.
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 “JESSE (Shorty) PECK LAND  & MINERAL RIGHTS 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.
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.
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 “JESSE (Shorty) PECK LAND & MINERAL RIGHTS 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.

JOIN US:
JESSE (Shorty) Peck Land & Mineral Rights Auction
Tuesday, May 17, 2016 – 10:30 a.m. MT
Washington County Event Center ● Akron, CO

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Location

  • Washington County, CO
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Quick Facts

  • JESSE (Shorty) Peck Land & Mineral Rights Auction
  • Tuesday, May 17, 2016 @ 10:30 a.m. MT
  • Washington County Event Center, Akron, CO
  • 640 +/- total acres
  • W Central Washington County, Colorado
  • N of Cope, Colorado
  • #1A: 308.5+/- acres pasture w/Livestock well
  • 171.5+/- acres CRP, $34.65/acre, pymt $5,942; expires 9/30/2023
  • #2A: 160 acres CRP, $30.22/acre, pymt $4,862; expires 9/30/2023
  • Possession upon closing
  • 100% of the 2016 CRP payments to Buyer(s)
  • Mineral rights to be offered separately then in combination with each parcel.
  • 100% of mineral rights to be sold