Lee and Leola German Pivot Irrigated Land Auction

CENTRAL CHASE COUNTY , NE 321.7 +/- ACRES - PIVOT IRRIGATED Acres

Overview

Overview

This property is sold

SOLD! 1/20/17 -PARCEL #1 gets high bid of $700,000 or $5,295 per irr ac; PARCEL #2 gets high bid of $600,000 or $4,460 per irr ac.

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

The Family Trusts for Lee & Leola German are offering 321.7+/- acres of Nebraska land for sale at auction.  Located 1.5 to 2 miles E of Imperial, NE in Central Chase County, the German property includes 266.7+/- acres pivot irrigated, 28.0+/- acres dryland corners, 27.0+/- acres grass, corners, and waste. The Buyer (s) to receive possession upon closing. 2 – irrigation wells w/natural gas 454 Chev motors & pumps & 2 – T & L pivots. 254.1 URNRD certified acres w/25.65” remaining. Owned mineral rights conveyed to Buyer(s). Seller reserves the right to accept or reject bids below reserve of $1,400,000. Offered in 2 Parcels. Excellent location to Imperial, NE and commodity markets.

PARCEL #1 – PIVOT IRRIGATED: 161.7+/- Total Acres; 132.2+/- ac pivot irrigated, 28.0+/- ac dryland corners, 1.5+/- ac waste; Legal: NE1/4 of 11, T6N, R38W; Location: From Imperial, NE, 2 mi SE on Hwy #6 to 335 Ave, 1/2 mi N to SE corner. Terrain is level to slightly rolling; Irrigation Well Permit #G063701, 125.1 certified ac w/25.65” remaining after 2016; Natural gas 454 Chevrolet motor, Johnston pump, Randolph gearhead & 8 tower T & L pivot; Call for detail brochure with complete description of equipment, well logs, and recent irrigation well efficiency test; FSA base: 135.1 ac corn w/169 bu PLC yield; 5.8 ac wheat w/40 bu PLC yield; 8.7 ac soybean w/59 bu PLC yield; Occupation tax: $1,322.00; R/E tax: $4,840.88.

PARCEL #2- PIVOT IRRIGATED: 160.0+/- Total Acres; 134.5+/ ac pivot irrigated, 25.5+/- ac grass, corners & waste; Legal: SE1/4 of 1, T6N, R38W; Location: From Imperial, NE, 3 mi SE on Hwy #6 to 336 Ave, 1 mi N to SE corner. Terrain is level to rolling; Irrigation Well Permit #G-063605, 129 certified ac w/25.65” remaining after 2016; Natural gas 454 Chevrolet motor, Johnston pump, Randolph gearhead & 8 tower T & L pivot; Call for detail brochure with complete description of equipment, well logs, and recent irrigation well efficiency test; FSA base: 113.6 ac corn w/169 bu PLC yield; 4.9 ac wheat w/40 bu PLC yield; 7.3 ac soybean w/59 bu PLC yield; Occupation tax: $1,290.00; R/E tax: $4,467.96.

SALE TERMS/PROCEDURE: The “LEE & LEOLA GERMAN PIVOT IRRIGATED LAND AUCTION” is a land auction with RESERVE. The German property to be offered as a “MULTI PARCEL” Auction in 2 Parcels. The parcels will be offered in the sale order as stated within the brochure. Seller reserves the right to accept or reject bids below the reserve bid of $1,400,000. Competitive bids will determine the outcome of the auction. 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 20, 2017. Closing to be conducted by Thalken Title Company and the closing service fee to be split 50-50 between Seller and Buyer (s).

TITLE: Seller to pass title by Trustees 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 upon closing.

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 whether for irrigation, domestic or livestock use. Each of the wells are subject to the rules, regulations, and limitations of the Nebraska Department of Natural Resources and the Upper Republican Natural Resource District. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates or adequacy of livestock/domestic/irrigation wells, and/or condition of all domestic or irrigation equipment. Seller to convey all right and interest to irrigation well permits #G-063605 and #G-063701 and irrigation equipment will be described within the parcel descriptions.

TAXES:  2016 Real Estate and Occupational Taxes due in 2017 to be paid by Seller.

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. Property is enrolled in ARC program.

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 Color 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.

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 “Lee & Leola German Pivot 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. Bidder increments are at the discretion of the Broker.

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.

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, Farm, Ranch, & Land Purchase Agreement . For additional color photos visit the “LEE & LEOLA GERMAN PIVOT IRRIGATED 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.

Join Us!
LEE & LEOLA GERMAN PIVOT IRRIGATED LAND AUCTION
Thursday, December 15, 2016, 10:30 a.m. MT
Imperial Inn—Imperial, NE

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Location

  • CENTRAL CHASE COUNTY , NE
View Map

Quick Facts

  • Lee & Leola German Pivot Irrigated Land Auction
  • Thursday, December 15, 2016, @ 10:30 a.m., MT
  • Imperial Inn, Imperial, NE
  • SOLD! 1/20/17
  • PARCEL #1 gets high bid of $700,000 or $5,295 per irr ac;
  • PARCEL #2 gets high bid of $600,000 or $4,460 per irr ac;
  • Seller lowers reserve and LAND IS UNDER CONTRACT!
  • 321.7+/- total acres
  • 266.7+/- acres pivot irrigated
  • 28.0+/- acres dryland corners
  • 27.0+/- acres grass, corners, and waste
  • Central Chase County, Nebraska
  • 1.5 to 2 miles E of Imperial, Nebraska
  • Possession upon closing
  • 2 - irrigation wells w/natural gas 454 Chev motors & pumps, & 2 - T & L pivots
  • 254.1 URNRD certified acres w/25.65” remaining
  • Owned mineral rights to Buyer(s)
  • Seller reserves the right to accept or reject bids below reserve of $1,400,000
  • Offered in 2 Parcels

Property Type(s)