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Phillips_Sedgwick County Pivot Irrigated Land Auction

Details

Monday, March 26, 2018 @1:30 pm MT
Phillips County Event Center, Holyoke, CO
621+/- Acres - Pivot Irrigated - Dryland - Phillips & Sedgwick Counties, CO

Description

Successful Auction!   Results! 

Total Bids $2,540,000 

AUCTION       TOTAL       
TRACT          BID          
Combo #1    $1,790,000         
Parcel #2A      $535,000        
Parcel #2B      $215,000              

The owner of the Phillips/Sedgwick County property is offering 621.1+/- acres of Colorado land for sale at auction.  Parcels #1A & #1B is 312.5+/- acres and is located from Holyoke, CO, 3 mi S in Phillips County, CO.  264.1+/- acres is irrigated by 2 Valley pivots & 2 irrigation wells. Possession upon closing. This is one of the most level, productive farms in Phillips County with Class II & III soils and excellent access adjoining Hwy #385. The 126,000+/- bu grain storage with 100’ x 50’ Quonset shed will be offered as a separate parcel and the pivot irrigated as one parcel, then offered as a Combo. Parcels #2A & #2B is 308.6+/- acres and is located from the Ovid/I-76 exit, 11 mi SW. 125.0+/- acres is irrigated by 1 Zimmatic pivot & 1 irrigation well. Possession upon closing. This property is located in productive area with Class II & III soils. Offered in 2 parcels and as a Combo.

SALE TERMS/PROCEDURE: The "Phillips/Sedgwick County Pivot Irrigated Land Auction" is a land auction with RESERVE. The property located in Phillips and Sedgwick Counties to be offered as a "MULTI PARCEL" Auction in 4 Parcels and 2 Combos. The parcels and combos will be offered in the sale order as stated within the brochure. The parcels and combos will compete to determine the highest aggregate bid(s). 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 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 April 27, 2018. 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 grain storage by August 1, 2018. Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops. 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: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property. Seller to convey all Seller's water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation or domestic use. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources, Marks Butte, and Frenchman Ground Water Districts. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of livestock/irrigation wells and condition of all irrigation equipment.

GROWING CROPS:
No growing crops.

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: 2018 real estate taxes due in 2019, 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 & 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.

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 cel phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.

Watch the live simulcast and/or bid online.


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 "Phillips/Sedgwick 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. 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 Phillips/Sedgwick 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.

PHILLIPS/SEDGWICK COUNTY PIVOT IRRIGATED LAND AUCTION w/RESERVE
AUCTION DATE/TIME: Monday, March 26, 2018 – 1:30 pm, MT
LOCATION:  Phillips County Event Center, Holyoke, CO

Auction Location Map

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SOLD! SUCCESSFUL AUCTION! Total Bids $2,540,000

Quick Facts

  • PHILLIPS/SEDGWICK COUNTY PIVOT IRRIGATED LAND AUCTION w/RESERVE
  • SOLD! Successful Auction!
  • Total Bids $2,540,000
  • PHILLIPS COUNTY
  • 312.5+/- acres
  • 264.1+/- acres irrigated by 2 Valley pivots & 2 irrigation wells
  • 3 mi S of Holyoke, CO in Phillips County
  • Possession upon closing
  • Class II & III soils
  • 126,000+/- bu grain storage with 100’ x 50’ Quonset shed
  • Offered in 2 parcels and as a Combo
  • SEDGWICK COUNTY
  • 308.6+/- acres
  • 125.0+/- acres irrigated by 1 pivot & 1 irrigation well
  • 183.3+/- acres dryland
  • 10 mi NE to Ovid/I-76 exit in Sedgwick County
  • Possession upon closing
  • Class II & III soils
  • Offered in 2 parcels and as a Combo