Logan County Dryland Auction

Logan, CO 160 Acres

Overview

Overview

Successful Auction! High Bid: $213,000.

160+/- acres of quality dryland is being offered for sale at an ONLINE ONLY AUCTION. This property is located 13 miles SE of Sterling, CO in south central Logan County. The dryland is currently in wheat stubble and possession is upon closing. FSA wheat base is 96.2 acres with a 40 bu PLC yield. All owned mineral rights are to be conveyed to Buyer(s). This parcel is located in an area where property of this quality seldom is offered to the public for sale, and once sold, may never again be publicly offered for sale again.

Location

  • Logan, CO
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Quick Facts

  • Logan County Dryland Auction
  • Bidding Opens: February 25, 2020 @ 8:00 am, MT
  • Bidding Closes: February 27, 2020 @ 12 noon, MT
  • 160+/- acres dryland in wheat stubble
  • South Central Logan County, Colorado
  • From Sterling I-76 exit, 12.5 mi SE on Hwy #61 to CR 18, 1/2 mi W
  • Possession upon closing
  • 96.2 acres FSA wheat base with a 40 bu PLC yield
  • Level terrain with Rago loam soils
  • Owned mineral rights conveyed to Buyer(s)

  • JOIN US!
  • Bid Closing Watch
  • Reck Agri Realty & Auction, Sterling, CO
  • February 27, 2020, 10 am—12 noon MT

Property Details

Property Details

Color Brochure Detail Brochure PDF Bidder Approval Request

Parcel Description

Page numbers on the descriptions below refer to the Detail Brochure which can be found on the property web page.

LEGAL DESCRIPTION: NW1/4 of Section 25, Township 7 North, Range 51 West of the 6th PM, Logan County, CO.
See Pages 7-21 for legal description, title commitment, and title exceptions.

ACREAGE: 160.0+/- Total Acres Dryland

LAND TENURE: Soils consist of Rago loam.
See Soils Map on Page 6.

TAXES: 2019 real estate taxes payable in 2020 are: $614.18

INFORMATION FSA: FSA bases: 96.2 ac wheat w/40 bu PLC yield.

COMMENTS: There is a current wind lease on the property. The Memorandum is shown on Pages 15-21 of the title commitment. A copy of the original is available for review at the Reck Agri Realty & Auction office.

STARTING BID: $140,000

Auction Terms

Auction Terms

TERMS AND CONDITIONS OF SALE

Announcements made by Reck Agri Realty & Auction at the time of sale will take precedence over any previously printed material or other oral statements.

PROPERTY OVERVIEW: 160+/- acres of quality dryland is being offered for sale at an ONLINE ONLY AUCTION. This property is located 13 miles SE of Sterling, CO in south central Logan County. The dryland is currently in wheat stubble and possession is upon closing. FSA wheat base is 96.2 acres with a 40 bu PLC yield. All owned mineral rights are to be conveyed to Buyer(s). This parcel is located in an area where property of this quality seldom is offered to the public for sale, and once sold, may never again be publicly offered for sale again.

ONLINE BIDDING PROCEDURE: The Logan County Dryland property will be offered for sale as one parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on February 25, 2020. The auction will “soft close” @ 12:00 noon, MT on February 27, 2020. Bidding remains open on the parcel as long as there is continued bidding. Bidding will close when 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 Logan County Dryland 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 Logan County Dryland Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

SALE TERMS/PROCEDURE: The “LOGAN COUNTY DRYLAND AUCTION” with RESERVE is an online only auction. The Logan County property to be offered as one parcel. 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 March 27, 2020. 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 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: Possession of the dryland 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: Seller to convey all water rights appurtenant to the property.

GROWING CROPS: No growing crops.

FSA DETERMINATION: FSA base acres and yield to pass with the Parcel as designated within the detail brochure. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yield as designated within the detail brochure.

REAL ESTATE TAXES: 2020 real estate taxes due in 2021, 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 “LOGAN COUNTY 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. Bidding increments are at the discretion of the Broker.

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.