Mitchek Cattle Co #1, LLC Land Auction

Logan County, CO 2,136.2+/- Ac - Pivot & Eco-drip Irrigated - Dryland - Pasture Acres

Overview

Overview

This property is sold

SUCCESSFUL AUCTION

TOTAL BIDS OF $3,032,500
See below for details…

 TRACT             HIGH BID       PER ACRE
Combo #1         $1,310,000   
(Pivot Irr $5,896/ac; Fld Irr, corners $2,500/ac; Drip Irr $6,125/ac.)

Combo #2           $395,000         $785
Parcel #3A         $250,000       $1,196  
Parcel #3B         $192,500          $855    

Combo #4           $365,000   
(Dryland $866/ac; Grass $698/ac)

Parcel #6            $275,000         $881   
Parcel #7            $245,000      $1,633   

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

Mitchek Cattle Co #1 LLC offered 2,112.9+/- acres for sale at auction. All the property sold is situated in Logan County with 245.8+/- acres pivot & Eco-drip irrigation located NE of Sterling, CO, 1,388.6 +/- acres dryland & pasture located around Fleming, CO, and 462.0+/- acres dryland located NW of Sterling, CO. Possession of irrigated subject to existing farm lease, possession of the pasture and wheat stubble upon closing, possession of growing wheat upon 2017 harvest. Buyer(s) to receive Landlord share of crops. Seller to convey owned mineral rights to Buyer(s).

 PARCEL #1A – PIVOT IRRIGATED: 176.6+/- ac; 120+/- ac pivot irr, 48.6+/- ac flood irr, 5.2 +/- ac dryland, 2.8+/- ac rds; Legal: All that part of the NE1/4 of 10 & NW1/4 of 11 lying N & W of Hwy #138 & E of RR ROW, T8N, R52W, Logan County, CO;  Location: From Sterling, CO, 3 1/2  mi NE of Sterling, CO on Hwy #138; Soils primarily Class II w/areas of Class IV & V; Irr well permit #2698-F adjudicated in Water Court Case #W-568; 20 shares of Sterling Irr Co, Irr equipment includes 30 hp North American electric motor & pump, 30 hp US Electric motor & pit pump; 7 tower Reinke pivot; FSA base: 122.1 ac corn w/139 PLC bu yield; R/E taxes: $1,525.83.

PARCEL #1B – ECO – DRIP IRRIGATED: 89+/- ac; 80+/- ac Eco – drip irr, 7 +/- ac dryland, 2+/- ac rds; Legal: All that part of the SE1/4 of 10 lying W of Hwy #138 & E of RR ROW, T8N, R52W, Logan County, CO;  Location: From Sterling, CO, 3 mi NE of Sterling, CO on Hwy #138; Soils primarily Class II w/ small areas of Class III & IV; Irr well permit #1488-F adjudicated in Water Court Case #W-568; 11 shares of Sterling Irr Co, Irr equipment includes 30 hp US Electric motor & pump; Eco – drip system; FSA base: 63.2 ac corn w/139 PLC bu yield; R/E taxes: $723.38.

COMBO #1: (PARCEL #1A & #1B) – PIVOT & ECO – DRIP IRRIGATED: 265.6+/- ac; 120+/- ac pivot irr, 48.6+/- ac flood irr, 80+/- ac Eco – drip; 12.2+/- ac dryland, 4.8+/- ac rds; 2- Irr wells, 1 pit pump, Eco – drip system & 7 tower Reinke pivot, 31 shares of Sterling Irr Co; FSA base: 185.3 ac corn w/139 PLC bu yield; R/E taxes: $2,249.21.

PARCEL #2A – DRYLAND:  180.4+/- ac; 152.1+/- ac dryland; 28.3+/- ac grass; Legal: E½SW¼, W½SE¼, & a tract in SE¼ of 12, T8N, R50W, Logan County, CO; Location: From Fleming, CO, 3 mi W on Hwy 6; Soils primarily Class III w/ areas of Class IV & VI; 79+/- ac growing wheat; FSA base: 43 ac wheat w/32 bu PLC yield; 52.7 ac corn w/116 bu, PLC yield; R/E Taxes: $180.39.

PARCEL #2B – DRYLAND: 310.6+/- ac; 299.3+/- ac dryland; 11.3+/- ac grass; Legal: E1/2SE1/4,T8N, R50W, NW1/4 of 7 less a tract, S1/2SW1/4 & S1/2SW1/4SE1/4 lying S of RR of 6, T8N, R50W, Logan County, CO; Location: From Fleming, CO, 21/2  mi W on Hwy 6; Soils primarily Class III w/ areas of Class IV & VI; 130.2+/- ac growing wheat; FSA base: 88.2 ac wheat w/32 bu PLC yield; 108.1 ac corn w/116 bu, PLC yield; R/E Taxes: $346.84.

COMBO #2 (PARCELS #2A & #2B) – DRYLAND: 491+/- ac; 451.4+/- ac dryland; 39.6+/- ac grass; 209.2+/- ac growing wheat; FSA
base: 131.2 ac wheat w/32 bu PLC yield; 160.8 ac corn w/116 bu, PLC yield; R/E Taxes: $527.23.

PARCEL #3A – DRYLAND: 209.1+/- ac dryland; Legal: A tract in the N1/2 of 18, T8N, R49W, Logan County, CO; Location: From Fleming, CO, 2 mi W on Hwy 6 to CR 75, 1/2 mi S to NE corner of property; Soils primarily Class III w/areas of Class II, IV & VI; FSA base: 59.2 ac wheat w/32 bu PLC yield; 72.5 ac corn w/116 bu, PLC yield; R/E Taxes: $211.46.

PARCEL #3B – PASTURE:
225.2+/- ac pasture; Legal: A tract in the N1/2 & SW1/4 of 18, T8N, R49W, Logan County, CO; Location: From Fleming, CO, 3 mi W on Hwy 6 to CR 73, 1 mi S to NW corner of property; R/E Taxes: $48.40.

COMBO 3 – (PARCELS #3A & #3B) – DRYLAND & PASTURE: 434.3+/- ac; 209.1+/- ac dryland; 225.2+/- ac pasture; FSA base: 59.2 ac wheat w/32 bu PLC yield; 72.5 ac corn w/116 bu PLC yield; R/E Taxes: $259.86.

PARCEL #4A – DRYLAND:
311.7+/- ac dryland; Legal: A tract in the E1/2 & NW1/4 of 19, T8N, R49W, Logan County, CO; Location: From Fleming, CO, 3 mi W on Hwy 6 to CR 73, 1 1/2 mi S to NW corner of property; Soils primarily Class III & IV w/areas of Class II & VI; FSA base: 88.2 ac wheat w/32 bu PLC yield; 108 ac corn w/116 bu PLC yield; 138.7+/- ac growing wheat; R/E Taxes: $313.49.

PARCEL #4B – PASTURE: 139.6+/- ac pasture; Legal: A tract in the E1/2 of 19, T8N, R49W, Logan County, CO; Location: From Fleming, CO, 2 mi W on Hwy 6 to CR 75, 1 1/2 mi S to NE corner of property; L/S well; new perimeter fence;  R/E Taxes: $30.00

COMBO #4 – (PARCELS #4A & #4B) DRYLAND & PASTURE: 451.3+/- ac; 311.7- ac dryland, 139.6+/- ac  pasture & rds;  FSA base: 88.2 ac wheat w/ 32 bu PLC yield; 108 ac corn w/116 bu yield; 138.7+/- ac growing wheat; R/E taxes: $343.49.

PARCEL #5 – PASTURE: 32+/- ac pasture; Legal: A tract in the W1/2SW1/4 of 6 lying N of RR, T8N, R49W, Logan County, CO; Location: From Fleming, CO, 2 mi W on Hwy 6 to CR 75, 1 mi N, 3/4  mi W to NE corner of property; R/E Taxes: $37.12.  (Removed from sale.)

PARCEL #6 – DRYLAND: 312+/- ac; 309.2+/- ac dryland, 2.8+/- waste; Legal: N1/2 of 29 less 2 tracts, T9N, R53W, Logan County, CO; Location: From Sterling, CO, 5 mi W on Hwy 14 to CR 27, 5  mi N, 1/4 mi W, 1 1/2 mi N to SW corner of property; Soils primarily Class III w/areas of Class IV; FSA base: 106.8 ac wheat w/28 bu PLC yield; 152.5+/- ac growing wheat; R/E Taxes: $405.55

NEW! PARCEL #7 – DRYLAND:
150 +/- ac dryland; Legal: E1/2SE 1/4 of 27, E1/2NE1/4 of 34, T10N, R53W, Logan County, CO; Location: From North Sterling Reservoir, 1/2 mi N to SE corner of property; Soils primarily Class II, III w/areas of IV;  R/E Taxes: $231.53; Seller to convey owned mineral rights; 78.8+/- ac growing wheat, 64.5+/- ac wheat stubble.

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 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 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 April 21, 2017. Closing to be conducted by Stewart 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 pasture upon closing. Possession of #1A, and #1B, and the growing wheat on #2A, #2B, #3A, & #4A subject to existing leases. Possession of stubble and corn stalks on #2A, #2B, #3A, & #4A upon closing. Possession of #6 upon closing. Buyer(s) to reimburse tenant for chemical and fall spraying application on wheat stubble on #2A, #2B, #3A, & #4A.
 
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 Seller’s water wells and equipment, well permits, all water, water rights, ditch rights, reservoir rights, lateral rights and conveyance canal rights, and all easements and rights-of-way associated with said water rights appurtenant to the property. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, adequacy and/or delivery of ditch water and stream flows, and pumping rates/adequacy of pit pumps and condition of all irrigation equipment.

GROWING CROPS: Seller to convey to Buyer(s) landlord’s cash rent payment for 2017 crop year on #1A, #1B, #2A, #2B, #3A, & #4A. Buyer (s) to receive growing wheat crop on #6.

FSA DETERMINATION:  FSA base acres and yields to pass with the Parcels or Combos 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: 2017 real estate taxes due in 2018, 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, Seller to provide and pay for said survey. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey.

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 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. This paragraph will not be included in the color brochure, but will be included in the Detail Brochure.

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.

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 Transactional 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 “Mitchek Cattle Co #1 LLC 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.

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 Mitchek Cattle Co #1 LLC 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.

Reck Agri Office
MITCHEK CATTLE CO #1 LLC LAND AUCTION
March 23, 2017, 10:30 A.M. MT
Reck Agri Auction Center, Sterling, CO

Reck Agri Auction Center, Sterling, CO 

Auction Location Map 

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Location

  • Logan County, CO
View Map

Quick Facts

  • Mitchek Cattle Co #1, LLC Land Auction - NO Reserve
  • SUCCESSFUL AUCTION! TOTAL BIDS OF $3,032,500
  • Thursday, March 23, 2017 – 10:30 a.m. MT
  • Reck Auction Center, Sterling, CO
  • 2,112.9 +/- acres
  • 120+/- acres pivot Irrigated
  • 80+/- acres Eco-drip Irrigated
  • 1,443.6+/- acres dryland
  • 396.8+/- acres grass
  • Logan County, Colorado
  • 265.6+/- acres irrigated located NE of Sterling, Colorado
  • 1,408.6 +/- acres dryland & pasture @ Fleming, Colorado
  • 462+/- acres dryland located NW of Sterling, Colorado
  • Possession of irrigated subject to existing farm lease
  • Possession of pasture and wheat stubble upon closing
  • Possession of growing wheat upon 2017 harvest
  • Landlord share of crops to Buyer
  • Growing wheat NW of Sterling upon closing
  • Seller to convey owned mineral rights to Buyer
  • Offered in 11 parcels & 4 combos