OverviewThis property is sold
More information coming soon! See
Color Brochure, Visual Tour, Google Map and Digital Brochure below
SOLD! High bid for the Single Unit is $407,500 or $1,297 per dryland acre.
The Krause family is offering their 320 acres of Nebraska dryland for sale at auction. Located in 18.5 miles NW of Big Springs, NE in northeast Deuel County, Nebraska, the Krause – Tuttle property includes 314.1+/- acres of dryland for sale. 157.6+/- ac currently planted to wheat with 156.5+/- ac in stubble. Possession subject to current farm lease. Possession of planted wheat upon 2016 harvest, possession of summer fallow upon 2017 harvest. Landlord share of growing wheat to Buyer(s). Level to slightly rolling terrain with Class II soils. Owned mineral rights to Buyer(s). To be offered in 2 parcels and as a single unit.
PARCEL #1 – DRYLAND: 161.5+/- total ac; 156.5+/- ac dryland; 5.0 +/- ac waste; Legal: SW1/4 of 1, T14N,R43W, Deuel County, NE; Location: From Big Springs, NE, 3 mi N to Hwy 30, 7 mi W to Rd 193, 8.5 mi N to SW corner of the property; Class II soils; 77.2+/- ac wheat stubble,79.3+/- ac growing wheat; FSA base: 94.1 ac wheat w/38 bu PLC yield; R/E Taxes: $1,960.42.
PARCEL #2 – DRYLAND: 158.8+/- total ac; 157.6+/- ac dryland; 1.2 +/- ac waste; Legal: NW1/4 of 12, T14N, R43W, Deuel County, NE; Location: From Big Springs, NE, 3 mi N to Hwy 30, 7 mi W to Rd 193, 9 mi N to SW corner of the property; Class II soils; 79.3+/- ac wheat stubble,78.3+/- ac growing wheat; FSA base: 94.8 ac wheat w/38 bu PLC yield; R/E Taxes: $1,932.82.
SINGLE UNIT (PARCELS #1 & #2) – DRYLAND: 320.3+/- total ac; 314.1+/- ac dryland; 6.2+/- ac waste; Class II soils; 156.5+/- ac wheat stubble, 157.6+/- ac growing wheat; FSA base: 188.9 ac wheat w/38 bu PLC yield; R/E Taxes: $3,893.24.
BUYERS’ INFORMATION VIDEO
To view video, visit www.reckagri.com, click on KRAUSE & TUTTLE DRYLAND AUCTION for an explanation of the
property information and auction bidding process.
Video available after December 7, 2015.
In the event of inclement weather, please visit www.reckagri.com, call our office at 970-522-7770970-522-7770, or listen to KSID (1340AM) or KRVN (880 AM) for auction updates.
SALE TERMS/PROCEDURE: The “Krause & Tuttle Dryland Auction” is a land auction with RESERVE. The Krause & Tuttle property to be offered as a “MULTI PARCEL” Auction in 2 Parcels and as a Single Unit. The parcels and single unit will be offered in the sale order as stated within the brochure. The parcels and single unit will compete to determine the highest
aggregate bid(s) acceptable to the Seller. 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 AGREEMENT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Disclosure of Brokerage Relationships in Real Estate Transactions 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. Said earnest money is due upon the signing of the Farm, Ranch, and Land Purchase Agreement and to be deposited with Reck Agri Realty & Auction. Farm, Ranch, and Land Purchase Agreement 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 Farm, Ranch, and Land Purchase Agreement. Sample Farm, Ranch, and Land Purchase Agreement 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 January 22, 2016. Closing to be conducted by Thalken 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.
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, & Land Purchase Agreement.
POSSESSION: Possession of property subject to current farm lease. Possession of planted wheat upon 2016 harvest, possession of summerfallow upon 2017 harvest.
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: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property.
GROWING CROPS: Seller to convey to Buyer(s) Landlord’s share of wheat currently planted. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.
REAL ESTATE TAXES: 2015 Real Estate Taxes due in 2016 to be paid by Seller. 2016 real estate taxes due and payable in 2017 and thereafter to be paid by Buyer(s).
FSA DETERMINATION: FSA base acres and yields to pass with the Parcels or Single Unit 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.
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.
MULTIPLE PARTY BID: If several parties go together and collectively bid on parcel(s) and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at closing, and pay for a metes & bounds survey and additional title insurance premium to create the legal description for their respective separate parcel. The collective purchase prices for the separate parcels shall equal the total Multiple Party 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 the 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.
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 Farm, Ranch, and Land Purchase Agreement. For additional color photos visit the “Krause & Tuttle Dryland 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.
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 Limited Seller’s Agent. 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 “Krause & Tuttle Dryland 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 at the Auction…
KRAUSE & TUTTLE DRYLAND LAND AUCTION – WITH RESERVE
Thursday, December 17, 2015 @ 1:30 p.m. MT
Country Inn & Suites – Sidney, NE
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it to the auction? Watch or participate in bidding at our LIVE auctions
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- Deuel County, NE
- KRAUSE & TUTTLE DRYLAND LAND AUCTION – WITH RESERVE
- Thursday, December 17, 2015 – 1:30 p.m. MT
- Country Inn & Suites ● Sidney, NE
- SOLD! High bid for the Single Unit is $407,500 or $1,297 per dryland acre.
- 320.3+/- acres
- 314.1+/- acres Dryland
- 156.5+/- acres wheat stubble
- 157.6+/- acres growing wheat
- NW of Big Springs, NE
- NE of Chappell, NE
- NE Deuel County, NE
- Seller conveying owned minerals to Buyer(s)
- Possession subject to current lease
- L/L share of growing wheat to Buyer(s)
- Class II soils
- Offered in 2 parcels and as a single unit
- Buyers' Meeting You Tube Video 12/8/15