Phillips County Pivot Irrigated Land Auction

SE Phillips County, CO 879.6+/- Pivot Irrigated - Pasture Acres

Overview

Overview

This property is sold

SOLD! CLOSED MAY 23, 2017.

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

Sells as 2 Parcels and 1 Combo to one buyer.

879.6+/- acres of Colorado pivot irrigated and pasture land to be
offered for sale at auction as a result of the dissolution of farm co-ownership. Located from Holyoke, CO, 11 miles E, 7–8.5
miles south in SE Phillips County, Colorado, this property consist of
427.5+/- acres pivot irrigated, 345.9+/- acres pasture, 18.2+/- acres
CRP, and 88.0+/- acres of corners. The Buyer(s) will have possession
upon closing. Irrigation water and equipment includes 3 Valley pivots
with 3 irrigation wells with electric motors and pumps. Owned mineral
rights to be conveyed to Buyer(s). Located in excellent water area and
highly productive area. Property to be offered in 4 parcels, combo,
pivot irrigated unit, and single unit.

PARCEL #1 – PIVOT IRRIGATED: 160.0+/- Total Acres; 132.2+/- acres pivot irrigated, 27.8+/- ac corners/rds; Legal: SW1/4 of 18, T6N, R42W;  Location: From Holyoke, CO, 11 mi E on Hwy #6 to CR 61, 6 1/2 mi S to NW corner of the property; Terrain is level to slightly rolling terrain; Pivot irrigated soils primarily Class III w/smaller area of Class IV; Irrigation Well Permit #18328-FP adjudicated for 400 ac ft to irrigate 160 ac; Irrigation equipment includes 75 hp Newman electric motor w/pump & 8 tower Valley pivot; FSA base: 130 ac corn w/138 bu PLC yield, 2.2 ac wheat w/36 bu PLC yield; FGMD Assessment: $120; RRWCD Assessment:  $4,495; R/E taxes: $4,014,40.

PARCEL #2A –  PIVOT IRRIGATED:
186.5+/- Total Acres; 147.5+/- acres pivot irrigated, 18.2+/- acres CRP, 20.8+/- ac corners/rds; Legal: SE1/4 of 17 & Lots 3 & 4 of 16, T6N, R42W;  Location: From Holyoke, CO, 11 mi E on Hwy #6 to CR 61, 7 mi S to CR 8, 1 1/2 mi E to SW corner of the property; Terrain is level to slightly rolling terrain; Pivot irrigated soils primarily Class III w/area of Class IV; Irrigation Well Permit #15219-FP adjudicated for 400 ac ft to irrigate 160 ac; Irrigation equipment includes 75 hp electric motor, pump & 8 tower Valley pivot; FSA base: 148.3 ac corn w/138 bu PLC yield, 14.6 ac wheat w/36 bu PLC yield;  FGMD Assessment: $120; RRWCD Assessment: $4,495;
R/E taxes: $5,061.64.

PARCEL #2B – PIVOT IRRIGATED: 187.2+/- Total Acres; 147.8+/- acres pivot irrigated, 39.4+/- ac corners/rds; Legal: Part of the E1/2 of 20 & Lots 1 & 2 of 21, T6N, R42W; Location: From Holyoke, CO, 11 mi E on Hwy #6 to CR 61, 7 mi S to CR 8, 1 1/2 mi E to NW corner of the property; Terrain is level to slightly rolling terrain; Pivot irrigated soils primarily Class III w/area of Class IV; Irrigation Well Permit #15218-FP adjudicated for 400 ac ft to irrigate 160 ac; Irrigation equipment includes 100 Newman electric motor w/pump & 8 tower Valley pivot; FSA base: 148.7 ac corn w/138 bu PLC yield, 14.7 ac wheat w/36 bu PLC yield; FGMD Assessment: $120; RRWCD Assessment:  $4,495;
R/E taxes: $5,045.
 
COMBO #2 – (PARCELS #2A & #2B):
373.7+/- Total Acres; 295.3+/- acres pivot irrigated, 18.2+/- acres CRP, 60.2+/- ac corners/rds; Irrigation equipment includes 2 Valley pivots, 2 electric motors; FSA base: 297.0 ac corn w/138 bu PLC yield, 29.3 ac wheat w/36 bu PLC yield; FGMD Assessment: $240; RRWCD Assessment: $8,990;  R/E taxes: $10,106.64.

PIVOT IRRIGATED UNIT – (PARCELS #1, #2A, & #2B): 533.7+/- Total Acres; 427.5+/- acres pivot irrigated, 18.2+/- acres CRP, 88.0+/- ac corners/rds; Irrigation equipment includes 3 Valley pivots, 3 electric motors; FSA base: 427.0 ac corn w/138 bu PLC yield, 31.5 ac wheat w/36 bu PLC yield; FGMD Assessment: $360; RRWCD Assessment:  $13,485; R/E taxes: $14,121.04.

PARCEL #3 – PASTURE: 345.9+/- acres pasture; Legal: Part of the E1/2 of 20, N1/2N1/2 of 29,  & Lots 3 & 4 of 21, T6N, R42W; Location: From Holyoke, CO, 11 mi E on Hwy #6 to CR 61, 7 mi S to CR 8, 2 mi E, 1/2 mi S to NE corner of the property; Windmill; R/E taxes: $471.78.

SINGLE UNIT – (PARCELS #1, #2A, #2B, & #3): 879.6+/- Total Acres; 427.5+/- acres pivot irrigated, 345.9+/- acres pasture, 18.2+/- acres CRP, and 88.0+/- ac corners/rds; Irrigation equipment includes 3 Valley pivots, 3 electric motors; FSA base: 427 ac corn w/138 bu PLC yield, 31.5 ac wheat w/36 bu PLC yield; Windmill; FGMD Assessment: $360; RRWCD Assessment:  $13,485; R/E taxes: $14,592.82.

SALE TERMS/PROCEDURE: The “PHILLIPS COUNTY PIVOT IRRIGATED LAND AUCTION” is a land 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 in 4 Parcels, Combo, Pivot Irrigated Unit, and as a Single Unit. The parcels, combo, pivot irrigated unit, and single unit will be offered in the sale order as stated within the brochure.  The parcels, combo, pivot irrigated unit, and single unit 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 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 17, 2017. 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 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 & EQUIPMENT: Together with all water wells and equipment, well permits, all water, water rights, water development rights, tributary and non-tributary groundwater, associated with said water  rights, and all domestic/livestock wells and irrigation wells; appurtenant to the property, including but not limited to the following: Well Permits #15218-FP, #15219-FP, and #18328-FP. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources, Frenchman Groundwater Management District, and the Republican River Conservation District. Water rights are being sold AS-IS- WHERE-IS without warranty or guarantee of any water right matters, pumping rates/adequacy of livestock/domestic/irrigation wells and condition of all irrigation equipment. Irrigation equipment to include 3 irrigation wells, motors, pumps, and pivots.

GROWING CROPS:  No growing crops.

FSA DETERMINATION:  FSA base acres and yields to pass 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. Property is enrolled in PLC program.

REAL ESTATE TAXES:  2016 real estate taxes due in 2017, to be paid by Seller.

LEGAL DESCRIPTION:  Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. If the property sells in parcels, combo, and/or pivot irrigated unit 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. (Cont’d)

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.

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 “PHILLIPS COUNTY PIVOT IRRIGATED 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, and Contract to Buy and Sell Real Estate (Land). For additional color photos visit the “PHILLIPS COUNTY PIVOT IRRIGATED 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.

Join Us at the Auction!…
Phillips County Pivot Irrigated Land Auction – NO Reserve
Tuesday, February 21, 2017 @ 10:30 a.m. MT
Phillips County Event Center – Holyoke, CO

Auction Location Map

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Location

  • SE Phillips County, CO
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Quick Facts

  • Phillips County Pivot Irrigated Land Auction – No Reserve
  • Tuesday, February 21, 2017 @ 10:30 a.m. MT
  • Phillips County Event Center – Holyoke, CO
  • SOLD! $4,540,000
  • 879.6+/- total acres
  • 427.5+/- acres pivot irrigated
  • 345.9+/- acres pasture
  • 18.2+/- acres CRP
  • 88.0+/- acres corners
  • SE Phillips County, Colorado
  • SE of Holyoke, Colorado
  • Possession upon closing
  • 3 Valley pivots – 3 irrigation wells
  • Owned mineral rights to Buyer(s)
  • Offered in 4 parcels, combo, pivot irrigated unit, & single unit