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North Elbert County Ranch AuctionSuccessful Auction

Details

Wednesday, February 3, 2016 @1:30 pm MT
Ellis Allen Bldg @ Lincoln County Fairgrounds - Hugo, CO
2,640+/- Acres Pasture - Elbert County, CO

Description

SOLD! $1,100,000 for $416 per acre.

Auction postponed 1 day due to weather conditions.
Held on WEDNESDAY, February 3, 2016 @ 1:30 p.m. MT
Ellis Allen Building @ Lincoln County Fairgrounds - Hugo, CO

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

2,640+/- acres of Colorado pasture land to be offered for sale at auction.  Located from Agate, CO, 1 mi E, 1.5 mi N in northeast Elbert County, Colorado, this pasture is easily accessible via I – 70 to Denver, CO (60+/- miles), Limon, CO (22.5+/-), and Deertrail, CO (14.5+/- miles). Possession is upon closing. Majority of perimeter fence is 5 wire. Grass in excellent condition. Sub-well delivers L/S water to 5 tanks via pipeline. 25+ dirt tanks throughout ranch. Seller conveying owned mineral rights to Buyer.

PARCEL DESCRIPTION

2,640+/- AC PASTURE: Legal: E1/2 of 19, All of 20, All of 28, E1/2, E1/2SW1/4, & NW1/4 of 29, E1/2 of 30, & NW1/4 of 32, T6S, R58W, Elbert County, Colorado; Location: From Agate, CO/I-70 exit, 1mi E on CR 166 to CR 161, 1.5 mi N on CR 161 to SW corner of the property; Majority of perimeter fence is 5 wire. Grass in excellent condition. Sub-well delivers L/S water to 5 tanks via pipeline. 25+ dirt tanks throughout ranch. Seller conveying owned mineral rights to Buyer(s); R/E Taxes: $1,154.41.

PICTURES:  The summer pictures are provided by and used in cooperation with Jeff Hubbard of the MIRR RANCH GROUP.

SALE TERMS/PROCEDURE: The "North Elbert County Ranch Auction" is an auction with No 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 as a Single Unit. 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 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 March 4, 2016. Closing to be conducted by Land Title Guarantee 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 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: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property.
REAL ESTATE TAXES: 2015 real estate taxes due in 2016, 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.
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.
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, and Contract to Buy and Sell Real Estate (Land). For additional color photos visit the “North Elbert County Ranch” 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.
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 any 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 "North Elbert County Ranch 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.

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North Elbert County Ranch Auction
Auction Location Map

AUCTION POSTPONED 1 DAY DUE TO WEATHER. HELD ON 2/3/2016.

Tuesday, February 2, 2016 @1:30 pm MT
Ellis Allen Bldg @ Lincoln County Fairgrounds - Hugo, CO
2,640+/- Acres Pasture Elbert County, CO

 

SOLD! $1,100,000

Quick Facts

  • NORTH ELBERT COUNTY RANCH AUCTION – NO RESERVE
  • SOLD! $1,100,000 for $416 per acre.
  • Auction was postponed 1 day due to weather conditions.
  • WEDNESDAY, February 3, 2016 @ 1:30 p.m. MT
  • Ellis Allen Building @ Lincoln County Fairgrounds - Hugo, CO
  • 2,640+/- acres pasture
  • NE Elbert County, Colorado
  • From Agate, CO, 1 mi E, 1.5 mi N
  • Possession upon closing
  • Perimeter fenced – grass in excellent condition
  • Sub-well delivers L/S water to 5 tanks via pipeline
  • 25+ dirt tanks throughout the ranch
  • Seller conveying owned mineral rights to Buyer
  • 60+/- mi to Denver, CO
  • 22.5+/- mi SE to Limon, CO
  • 14.5+/- mi NW to Deertrail, CO