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Norton Dryland Auction

Details

Tuesday, November 10, 2015 @10:30 am MT
Reck Agri Auction Center, Sterling, CO
DRYLAND – 160 +/- Ac - SE Logan Cty, CO

Description

See Color Brochure, Visual Tour, Google Map and Digital Brochure below Quick Facts...Web page is updated frequently before auction day.

SUCCESSFUL AUCTION! HIGH BID $165,000 - $1,052 per acre.

The Nortons are offering their 156.8+/- acres of Colorado land for sale at auction. Located in southeast Logan County, Colorado, the Norton property includes 156.8+/- acres of dryland for sale. The Buyer(s) will have possession wheat stubble upon harvest and possession of growing wheat upon 2016 harvest. Seller to convey OWNED mineral rights to Buyer(s). Buyer(s) to receive 1/3 share (Landlord share) of growing wheat. Property is located from Dailey, CO, 13 miles south, 2 miles east. Excellent opportunity to add to or expand your current operation.

NORTON DRYLAND PARCEL – 156.8+/- acres dryland; Legal: SW1/4  of 24, T6N, R48W, Logan County, Colorado; Location: From Dailey, Colorado, 13 mi S on CR 91 to CR 6, 2 mi E on CR 6 to SW corner of the property; Property is dry farmland; Soils consist of Class III & IV soils; 78.4 +/- acres in wheat stubble,78.4+/- acres planted to wheat; FSA base: 81 ac wheat w/39 bu PLC yield; R/E Taxes: $306.58.

SALE TERMS/PROCEDURE: The "NORTON DRYLAND AUCTION" is a land auction with RESERVE. The Norton property to be offered at auction as a single parcel. Bidding competition will determine the highest bid acceptable to the Seller. 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 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 December 11, 2015. 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 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).
GROWING CROPS: Seller to convey to Buyer(s) landlord share (1/3) of growing wheat currently planted. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.
REAL ESTATE TAXES: 2015 real estate taxes due in 2016, to be paid by Seller. 2016 real estate taxes due in 2017, and thereafter, to be paid by Buyer(s).
POSSESSION: Possession of wheat stubble upon closing. Possession of growing wheat upon 2016 harvest.
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: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property.
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.
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.
MULTIPLE PARTY BID: If several parties go together and collectively bid on parcel 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.
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 at the Buyers' Information Meeting, visit 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, Contract to Buy and Sell Real Estate (Land). For additional color photos visit the “NORTON DRYLAND 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.
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 "NORTON 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.

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Norton Dryland Auction - with Reserve
Tuesday, November 10, 2015 @ 10:30 a.m. MT
Reck Agri Auction Center, Sterling, CO 

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HIGH BID $165,000 - $1,052 per acre

Quick Facts

  • Norton Dryland Auction - with Reserve
  • Tuesday, November 10, 2015 @ 10:30 a.m. MT
  • Reck Agri Auction Center, Sterling, CO
  • SUCCESSFUL AUCTION! HIGH BID $165,000 - $1,052 per acre
  • 156 +/- Ac Dryland
  • SE Logan County, CO
  • From Dailey, CO, 13 mi S, 2 mi E
  • Legals: SE1/4 of 24, T6N, R48W
  • Possession of wheat stubble upon closing
  • Possession of growing wheat upon 2016 harvest
  • 1/3 share (Landlord share) of growing wheat to Buyer(s)
  • Level to rolling terrain
  • Owned mineral rights to Buyer(s)
  • No Buyers' Meeting