Merrill & Catherine Goddard Estate Land Auction

Phillips County, CO 664 Acres

Overview

Overview

SUCCESSFUL AUCTION! High Bids totaling $965,000

South Unit:  551.4+/- ac dryland & CRP = $745,000

Parcel #4: Improvements w/10.4+/- ac = $1,340,000

Parcel #5A, 5B & 6: Did not meet reserve on auction day. Call Marc Reck for more information on these home site parcels

The Merrill & Catherine Goddard Estates are offering 664.6+/- acres of Colorado land for sale at auction. This auction provides a variety of opportunities to purchase a home and rural acreage, 35+ ac homesites and quality dryland, all within 1 mile of Holyoke, CO, in Phillips County. The Goddard property is known for its intrinsic beauty, i.e. mature shelter belts, wildlife habitat, and level productive dryland. The property being sold includes 366.1+/- acres of dryland, 261.1+/- acres of CRP, and a 10.7+/- acre acreage with a 3,766+/- sq ft home (including basement) w/attached garage and outbldgs. The Buyer(s) will have possession of the property upon closing except for the growing wheat which is subject to existing farm lease. The Buyer(s) will also receive 100% of the 2019 CRP payments. 3 – CRP contracts expire 9/30/31, $56.90/ac & $55.37/ac; 3 – CRP contracts expire 9/30/26, $50.88/ac, $49.86, & $49.12/ac; and 1 – CRP contract expires 9/30/22, $35.26/ac. Total CRP payments are $11,868. Level terrain with primarily Class II & III soils. The landlord share of 111.3+/- acres of growing wheat to be conveyed to Buyer(s). 125.2+/- ac is currently in wheat stubble and 129.6+/- acres in corn stalks. The FSA base on the dryland includes 330.6 ac corn w/143 bu PLC yield and 25.9 ac wheat w/56 bu PLC yield. The owned mineral rights are to be conveyed to Buyer (s). Property to be offered in 9 Parcels, 3 Combos, and 3 Units. 4 parcels are excellent home sites ranging in size from 35 to 45 acres.

Location

  • Phillips County, CO
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Quick Facts

  • Merrill & Catherine Goddard Estate Land Auction
  • Auction to be held at Phillips County Event Center in Holyoke, CO,
  • April 30, 2019, at 10:30 a.m., MT
  • 664.6+/- total acres
  • 366.1+/- acres of dryland
  • 261.1+/- acres of CRP
  • 10.8+/- acres improvement site
  • Central Phillips County, Colorado
  • 1 mi W of Holyoke, Colorado
  • Possession upon closing except for growing wheat subject to lease
  • Improvements include 3,766+/- sq ft home (including basement) w/attached garage & outbldgs
  • 100% of the 2019 CRP payments to Buyer(s)
  • 3 - CRP contracts expire 9/30/31, $56.90/ac & $55.37/ac
  • 3 - CRP contracts expire 9/30/26, $50.88/ac, $49.86, & $49.12/ac
  • 1 – CRP contract expires 9/30/22, $35.26
  • Level terrain with primarily class II & III soils
  • Landlord share of growing wheat to Buyer(s)
  • 111.3+/- ac growing wheat
  • 125.2+/- ac wheat stubble
  • 129.6+/- ac corn stalks
  • 330.6 ac FSA corn base w/143 bu PLC yield
  • 25.9 ac FSA wheat base w/56 bu PLC yield
  • Owned mineral rights to be conveyed to Buyer(s)
  • Offered in 9 Parcels, 3 Combos, and 3 Units
  • Mature shelter belts for exceptional wildlife habitat
  • 4 parcels are excellent home sites ranging in size from 35 to 45 acres.
  • OPEN HOUSE: DATES: April 6, 2019 & April 14, 2019, 1-3 pm and April 24. 2019, 4-6 pm
  • OPEN HOUSE LOCATION ADDRESS: 35520 Co Rd 22, Holyoke, CO 80734

Property Details

Property Details

Color Brochure Detail Brochure PDF Sale Order

PARCEL DESCRIPTIONS

PARCEL #1A: DRYLAND & CRP

LEGAL DESCRIPTION: SW1/4 of Section 14 less a tract, Township 7 North, Range 45 West of the 6th PM, Phillips County, CO.
See Pages 55-61 of the detail brochure for legal description, title commitment, and title exceptions.

ACREAGE:
126.4+/- Acres Dryland
27.8+/- Acres CRP
2.4+/- Acres Roads & Waste
156.6+/- Total Acres

LAND TENURE: Soils consist of Richfield Loam & Rago & Kuma Loam. See Soils Map on Page 35 of the detail brochure.

TAXES: 2018 real estate taxes payable in 2019 are: $854.07.

FSA INFORMATION: FSA bases: 121.1 ac corn w/143 bu PLC yield.

COMMENTS: CRP Contract #11106A expires 9/30/31, 15.4 ac @ $56.90/ac with annual payment of $878. See Page 43 for copy of the contract. CRP Contract #11107A expires 9/30/26, 9.8 ac @ $50.88/ac with annual payment of $498. See Page 44 for copy of contract. CRP Contract #11105A expires 9/30/26, 2.6 ac @ $49.86/ac with annual payment of $131. See Page 46 of the detail brochure for copy of contract. 126.4+/- ac currently in wheat stubble. $3,105.45 to be reimbursed to tenant by Buyer for herbicide application. See Page 137 for copy of invoice and herbicides applied.

PARCEL #1B: DRYLAND & CRP

LEGAL DESCRIPTION: SE1/4 of Section 14, Township 7 North, Range 45 West of the 6th PM, Phillips County, CO.
See Pages 55-61 for legal description, title commitment, and title  exceptions.

ACREAGE: 130.2+/- Acres Dryland
28.4+/- Acres CRP
3.0+/- Acres Roads/Waste
161.6+/- Total Acres

LAND TENURE: Soils consist of Richfield Loam & Rago & Kuma Loam. See Soils Map on Page 36.

TAXES: 2018 real estate taxes payable in 2019 are: $889.29.

FSA INFORMATION: FSA bases: 124.7 ac corn w/143 bu and 9.0 ac wheat w/56 bu PLC yield.

COMMENTS: CRP Contract #11104A expires 9/30/31, 18.34 ac @ $56.90/ac with annual payment of $1,031. See Page 45 for copy of contract. CRP Contract #11105A expires 9/30/26, 10.1 ac @ $49.86/ac with annual payment of $504. See Page 46 for copy of contract. 130.2+/- ac in corn stalks.

COMBO #1: (PARCELS #1A & #1B) – DRYLAND & CRP

LEGAL DESCRIPTION: See Parcels #1A & #1B.

ACREAGE:
256.6+/- Acres Dryland
56.2+/- Acres CRP
5.4+/- Acres Roads/Waste
318.2+/- Total Acres

LAND TENURE: See Parcels #1A & #1B.

TAXES: 2018 real estate taxes payable in 2019 are: $1,743.36.

FSA  INFORMATION: FSA bases: 245.8 ac corn w/143 buand 9.0 ac wheat w/56 bu PLC yield.

COMMENTS: See Parcels #1A & #1B

PARCEL #2A: CRP

LEGAL DESCRIPTION: Part of the S1/2NW1/4 & SW1/4 of Section 13, Township 7 North, Range 45 West of the 6th PM, Phillips County, CO
See Pages 62-76 for legal description, title commitment, and title  exceptions.

ACREAGE: 41.9+/- Acres CRP
5.6+/- Acres Roads/Waste
47.5+/- Total Acres

LAND TENURE: Soils consist primarily of Rago & Kuma Loam. See Soils Map on Page 37.

TAXES: 2018 real estate taxes payable in 2019 are: $230.42.

COMMENTS: CRP Contract #11108A expires 9/30/31, 19.0 ac @ $55.37/ac with annual payment of $1,052. See Page 47 for copy of contract. CRP Contract #11175A expires 9/30/26. 22.9 @ $49.12/ac with annual payment of $1,126. See Page 48 for copy of contract.

If Parcels #2A and #2B sell separately, a 50 foot access easement to be reserved to allow access into Parcel #2B.

PARCEL #2B:

LEGAL DESCRIPTION: Part of S1/2NW1/4 & SW1/4 of Section 13, Township 7 North, Range 45  West of the 6th PM, Phillips County, CO.
See Pages 62-76 for legal description, title commitment, and title  exceptions.

ACREAGE: 115.9+/- Acres Dryland

LAND TENURE: Soils consist predominately of Rago & Kuma loam with areas of Richfield. See Soils Map on Page 38.

TAXES: 2018 real estate taxes payable in 2019 are: $669.87.

FSA INFORMATION: FSA bases: 85.4 ac corn w/143 bu PLC yield and 30.5 ac wheat w/56 bu PLC yield.

COMMENTS: 111.3+/- ac growing wheat. Buyer to pay landlord share of fertilizer and/or herbicide applied by tenant. If Parcels #2A and #2B sell separately, a 50 foot access easement to be reserved to allow access into Parcel #2B.

COMBO #2: (PARCELS #2A & #2B) – DRYLAND & CRP

LEGAL DESCRIPTION: See Parcels #2A & #2B.

ACREAGE: 115.9+/- Acres Dryland
41.9+/- Acres CRP
5.6+/- Acres Roads/Waste
163.4+/- Total Acres

LAND TENURE: See Parcels #2A & #2B.

TAXES: 2018 real estate taxes payable in 2019 are: $900.29.

FSA INFORMATION: FSA bases: 85.4 ac corn w/143 bu PLC yield and 30.5 ac wheat w/56 bu PLC yield.

COMMENTS: See Parcels #2A & #2B.

PARCEL #3:

LEGAL DESCRIPTION: Part of S1/2SW1/4 of Section 13, Township 7 North, Range 45 West of  the 6th PM, Phillips County, CO.
See Pages 62-76 for legal description, title commitment, and title  exceptions.

ACREAGE:

64.9+/- Acres CRP
4.9+/- Acres Roads/Waste
69.8+/- Total Acres

LAND TENURE: Soils consist predominately of Rago & Kuma loam with areas of Richfield. See Soils Map on Page 39.

TAXES: 2018 real estate taxes payable in 2019 are: $358.87.

COMMENTS: CRP Contract #11175A expires 9/30/26, 64.9 ac @ $49.12/ac with annual payment of $3,188. See Page 48 for copy of contract.

SE UNIT: (PARCELS #2A, #2B, & #3) – DRYLAND & CRP

LEGAL DESCRIPTION: See Parcels #2A, #2B, & #3.

ACREAGE: 115.9+/- Acres Dryland
106.8+/- Acres CRP
10.5+/- Acres Roads/Waste
233.2+/- Total Acres

LAND TENURE: See Parcels #2A, #2B, & #3.

TAXES: 2018 real estate taxes payable in 2019 are: $1.259.16.

FSA INFORMATION: FSA bases: 85.4 ac corn w/143 bu PLC yield and 30.5 ac wheat w/56 bu PLC yield.

COMMENTS: See Parcels #2A, #2B, & #3.

SOUTH UNIT: (PARCELS #1A, #1B, #2A, #2B, & #3) – DRYLAND & CRP

LEGAL DESCRIPTION: See Parcels #1A, #1B, #2A, #2B, & #3.

ACREAGE:
372.5+/- Acres Dryland
163.0+/- Acres CRP
15.9+/- Acres Roads/Waste
551.4+/- Total Acres

LAND TENURE: See Parcels #1A, #1B, #2A, #2B & #3.

TAXES: 2018 real estate taxes payable in 2019 are: $3,002.52.

FSA INFORMATION: FSA bases: 331.2 ac corn w/143 bu PLC yield, 39.5 ac wheat w/56 bu  PLC yield.

COMMENTS: See Parcels #1A, #1B, #2A, #2B & #3.

PARCEL #4: IMPROVEMENTS

LEGAL DESCRIPTION: See Pages 77-107 for legal description, title commitment, and title   exceptions.

PROPERTY ADDRESS: 35520 County Road 22, Holyoke, CO 80734

ACREAGE: 10.4+/- Improvement Acres

TAXES: 2018 real estate taxes payable in 2019 are: $1,755.84

IMPROVEMENTS: 3,766+/- sq ft home; 2,166+/- sq ft on first floor with kitchen, family room, living room, dining room, laundry room, 1 3/4 baths, and 2 bedrooms. Basement includes 1,600+/- sq ft family room, 3/4 bath, and 3 non-conforming bedrooms. Attached 2 car garage. Brick exterior, hot water baseboard heat, central air, and 2 fireplaces. Other outbldgs include: 64’ x 100’ storage building, 30’ x 32’ building and other misc structures. Mature windbreak and trees. Domestic well & septic system. See Pages 52-53 for copy of Well Permit #35894. See Pages 50-51 for room and building measurements. See Page 54 for copy of preliminary survey. House built in 1979.

COMMENTS: See Pages 128-133 for Seller’s Property Disclosure and Pages 134-135 for Lead- Based Paint Disclosure. Exclusions: farm equipment, yard antique art, RV, 2 pickups, tractor and attachments and duals, wood furniture, dining room set with matching hutch and hardwood furniture.

PARCEL #5A: HOMESITE w/CRP

PROPERTY INFORMATION
LEGAL Part of the S1/2 of Section 12, Township 7 North, Range 45 West of the DESCRIPTION: 6th PM, Phillips County, CO. See Pages 77-107 for legal description, title commitment, and title  exceptions.

ACREAGE:
34.50+/- Acres CRP
1.38+/- Acres Roads/Waste
35.88+/- Total Acres

LAND TENURE: Soils consist predominately of Rago & Kuma loam with areas of Platner. See Soils Map on Page 40.

TAXES: 2018 real estate taxes payable in 2019 are: $195.00.

COMMENTS: CRP contract #10018A expires 9/30/22, 34.5 ac @ $35.26/ac w/annual payment of $1,217. See Page 49 for copy of contract. See Page 54 for preliminary survey.

PARCEL #5B: HOMESITE w/CRP

LEGAL DESCRIPTION: Part of S1/2 of Section 12, Township 7 North, Range 45 West of the 6th  PM, Phillips County, CO. See Pages 77-107 for legal description, title commitment, and title  exceptions.

ACREAGE: 31.30+/- Acres CRP
4.14+/- Acres Roads/Waste
35.44+/- Total Acres

LAND TENURE: Soils consist of Platner loam with areas of Rago and Kuma loams. See Soils Map on Page 41.

TAXES: 2018 real estate taxes payable in 2019 are: $194.15.

COMMENTS: CRP contract #10018A expires 9/30/22, 31.3 ac @ $35.26/ac with annual payment of $1,104. See Page 49 for copy of contract. See Page 54 for preliminary survey.

COMBO #5: (PARCELS #5A & #5B) HOMESITE w/CRP

LEGAL  DESCRIPTION: See Parcels #5A & #5B.

ACREAGE:
65.80+/- Acres CRP
5.52+/- Acres Roads/Waste
71.32+/- Total Acres

LAND TENURE: See Parcels #5A & #5B.

TAXES: 2018 real estate taxes payable in 2019 are: $389.15.

COMMENTS: See Parcels #5A & #5B.

PARCEL #6: HOMESITE w/CRP

LEGAL DESCRIPTION: Part of the S1/2 of Section 12, Township 7 North, Range 45 West of the 6th PM, Phillips County, CO. See Pages 77-107 for legal description, title commitment, and title  exceptions.

ACREAGE:
32.30+/- Acres CRP
3.67+/- Acres Roads/Waste
35.97+/- Total Acres

LAND TENURE: Soils consist primarily of Platner loam. See Soils Map on Page 42.

TAXES: 2018 real estate taxes payable in 2019 are: $199.10.

COMMENTS: CRP contract #10018A expires 9/30/22, 32.3 ac @ $35.26/ac with annual payment of $1,139. See Page 49 for copy of contract. See Page 54 for copy of preliminary survey.

NORTH UNIT: (PARCELS #4, #5A, #5B, & #6) IMPROVEMENTS, HOMESITES w/CRP

LEGAL  DESCRIPTION: See Parcels #4, #5A, #5B, & #6.

ACREAGE:
98.10+/- Acres CRP
19.59+/- Acres Roads/Waste/Improvements
117.69+/- Total Acres

LAND TENURE: See Parcels #4, #5A, #5B, & #6.

TAXES: 2018 real estate taxes payable in 2019 are: $2,344.09.

IMPROVEMENTS: See Parcels #4, #5A, #5B, & #6.

COMMENTS: See Parcels #4, #5A, #5B, & #6.

Auction Terms

Auction Terms

TERMS AND CONDITIONS

ANNOUNCEMENTS MADE BY RECK AGRI REALTY & AUCTION (HEREINAFTER REFERRED TO AS BROKER) AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR OTHER ORAL STATEMENTS.

SALE TERMS/PROCEDURE: The “MERRILL & CATHERINE GODDARD ESTATE LAND AUCTION” is a land auction with NO RESERVE for parcels #1A, #1B, #2A, #2B, #3, and #4 and Parcels #5A, #5B, and #6 are being sold subject to a RESERVE. Competitive bids will determine outcome of auction and the Seller to enter into a contract to purchase with the highest bidder(s). Property to be offered in 9 Parcels, 3 Combos, and 3 Units. The parcels, combos, and units will be offered in the sale order as stated within the brochure. The parcels,  combos, and units will compete to determine the highest aggregate bid(s). 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 on Parcels #1A, #1B, #2, and #3 which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Earnest money deposit on Parcels #4, #5A, #5B and #6 will be 5% of the purchase price. Purchase contract will not be contingent upon financing. Terms and conditions in 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 May 31, 2019. Closing to be conducted by Phillips County Abstract and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Trustee and PR 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 with growing wheat crop is upon 2019 harvest. Possession of CRP upon closing. Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops where wheat stubble and corn stalks are located. Any completion of fieldwork and planting of crops does not constitute a farm lease. If Buyer (s) defaults and doesn’t close, all fieldwork, crop expenses, and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fieldwork completed at custom rates and invoiced crop expenses.

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 appurtenant to the property. The irrigation wells located on the property are permanently retired.

GROWING CROPS: Seller to convey to Buyer(s) landlord’s share of wheat currently planted and Buyer(s) is responsible for landlord’s share of expenses. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.

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 2019 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.

FSA DETERMINATION: FSA base acres and yields to pass with the Parcels, Combos, or Units 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: 2019 real estate taxes due in 2020, 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. If the property sells in parcels and/or combos and a survey is required to create a metes and bounds legal description and/or to complete the Parcel #4 exemption application, Seller to provide and pay for said survey and exemption. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey and exemption.

MINERALS: Seller to convey all OWNED mineral rights to Buyer(s).

NOXIOUS WEEDS & CHEMICALS: 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. It is unknown as to the herbicides used and the potential carryover residual.

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.

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.

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 Transaction 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 “MERRILL & CATHERINE GODDARD ESTATE 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. 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 “Merrill & Catherine Goddard Estate 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.

 

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.