Lone Star Dryland Auction

Washington County, CO 160 Acres

Overview

Overview

This property is sold

150.9 ac dryland, 9.1 ac grass; NE Washington Cty, CO; From Lone Star School, .25 mi W to CR WW, .25 mi N to property; Possession subject to cash lease; Owned mineral rights conveyed to Buyer; 77.9 ac FSA wheat base w/32 bu PLC yield; R/E Taxes $389.56.

Location

  • Washington County, CO
View Map

Quick Facts

  • LONE STAR DRYLAND AUCTION
  • ONLINE ONLY BIDDING
  • Bidding Opens: November 6, 2018 @ 8 am MT
  • Bidding Closes: November 8, 2018 @ 12 noon MT
  • Lone Star Dryland Auction w/reserve
  • 160.0+/- acres
  • 150.9+/- acres dryland
  • 9.1+/- acres grass
  • NE Washington County, Colorado
  • From Lone Star School, .25 mi W to CR WW, .25 mi N to property
  • Possession subject to lease
  • All owned mineral rights conveyed to Buyer(s)
  • 77.9 acre FSA wheat base with 32 bu PLC yield
  • R/E Taxes $389.56

Property Type(s)

Property Details

Property Details

This property is sold Color Brochure

Parcel Description

DRYLAND: 160.0+/- total acres; 150.9+/- ac dryland; 9.1+/- ac grass; Legal: N1/2SE1/4 & S1/2NE1/4 of 32, T5N, R49W, Washington County, Colorado; Location: From Lone Star School, .25 mi W to CR WW, .25 mi N to property; Currently planted to milo; FSA base: 77.9 ac wheat w/32 bu.; R/E taxes: $389.56. 2019 cash rent payment to uyer(s). Possession subject to current farm lease. All owned mineral rights to Buyer(s). STARTING BID: $125,000

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 Lone Star Dryland Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

Sale Terms/Procedure

The “LONE STAR DRYLAND AUCTION” with RESERVE is an online only auction with RESERVE. The Lone Star property to be offered as 1 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 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 7, 2018. Closing to be conducted by Washington County Title 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 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 farmland subject to farm lease.

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.

Growing Crops

Seller to convey to Buyer(s) landlord’s share of cash rent for 2019.

FSA Determination

FSA base acres and yields 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 yields as designated within the detail brochure.

Real Estate Taxes

2018 real estate taxes due in 2019, to be paid by Seller. 2019 real estate taxes due in 2020, and thereafter to be paid by Buyer(s).

Legal Descriptions

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 thedensity 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. 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 Transactional Broker. Reck Agri Realty & Auction does not offer broker participation for the “LONE STAR 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.

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, Contract to Buy and Sell Real Estate (Land). For additional color photos visit the “LONE STAR DRYLAND ONLINE 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.