Ritchey Land & Cattle Estate Land Auction

Arapahoe County, CO 3,671± Acres

Overview

Overview

Successful auction! Single Unit is under contract at $3,300,000.

The Ritchey heirs are selling 3,671± total acres of dry cropland and pasture in Arapahoe County, CO via live auction on November 10, 2022. The auction will be held in Fort Morgan, CO @ 10:30 am, MT. The property is located 4-8± miles northeast of Deer Trail and I-70 along Jolly Road. Featuring 6 parcels of land – 4 of which are pasture and 2 are dryland. Buyer(s) will receive possession upon closing. Planted wheat crop and sudex to be conveyed to Buyer(s). The property was not grazed in 2022. This is an excellent opportunity to expand your operation or invest in land that is in the path of future development.

Call our office to request additional information or schedule a private showing.

Location

  • Arapahoe County, CO
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Quick Facts

  • Ritchey Land & Cattle Land Estate Auction
  • 3,671.3± total acres
  • Central Arapahoe County, CO
  • Located 4-8± mi northeast of Deer Trail / I-70
  • Property will be offered in 6 parcels, 2 combos & single unit
  • 4 Parcels of pasture - ranging from 154± to 879± acres
  • 2 Parcels of dry cropland - ranging from 633± to 726± acres
  • See "Property Details" page for descriptions of each parcel
  • Excellent location with access along Jolly Road, just minutes from I-70
  • Immediate possession upon closing
  • Planted wheat and sudex crop conveyed to Buyer(s)
  • Pasture was not grazed in 2022

Property Details

Property Details

Parcel #1

154.0± total acres pasture along Muddy Creek (dry). One stock well with elec pump. Accessible via Jolly Rd (north) and Monnahan Rd (east). Est. R/E Taxes: $206

Parcel #2A

408.1± total acres pasture along Muddy Creek (dry). One stock well with solar pump. Accessible via Jolly Rd (south). FSA Base: 91.5 ac wheat w/ 29 bu yield; 12.9 ac corn w/ 31 bu yield; 5.7 ac barley w/ 30 bu PLC yield. Est. R/E Taxes: $594

Parcel #2B

879.2± total acres pasture. One stock well with elec sub piped to 3 tanks. Fenced into 3 pastures. Accessible via Jolly Rd (south) and Rd 241/Bixler Rd. FSA Base: 379.7 ac wheat w/ 29 bu yield; 46.9 ac corn w/ 51 bu yield; 11.3 ac barley w/ 30 bu yield. Est. R/E Taxes: $2,184

Parcel #2C

871.1± total acres pasture. Two stock wells – one elec sub & one solar; a few dams along drainage that catch excess runoff. Fenced into 2 pastures. Accessible via Jolly Rd (south). FSA Base: 338.4 ac wheat w/ 29 bu yield; 73.3 ac corn w/ 31 bu yield; 21.1 ac barley w/ 30 bu yield. Est. R/E Taxes: $529

Combo #2

(Parcels #2A, #2B & #2C) 2,158.4± total acres pasture. Four stock wells; fenced into 6 pastures. FSA Base: 809.6 ac wheat; 133.1 ac corn; 38.1 ac barley. Est. R/E Taxes: $3,307

Grass Unit

(Parcels #1, #2A, #2B & #2C) 2,312.4± total acres pasture.

Parcel #3A

726.4± total acres; 683.8± ac dryland planted to wheat, 42.6± ac grass along drainage. Accessible via Rd 241/Bixler Rd (east). FSA Base: 307.9 ac wheat w/ 29 bu yield; 72.6 ac corn w/ 51 bu yield. Est. R/E Taxes: $1,579

Parcel #3B

632.5± total acres; 553.5± ac dryland planted to sudex, 79.0± ac grass along drainages. Accessible via trail off Rd241/Bixler Rd (1± mi E). FSA Base: 249.2 ac wheat w/ 29 bu yield; 58.8 ac corn w/ 51 bu yield. Est. R/E Taxes: $1,339

Combo #3

(Parcels #3A & #3B) 1,358.9± total acres. 1,237.3± ac dryland, 121.6± ac grass along drainages. FSA Base: 557.1 ac wheat; 131.4 ac corn. Est. R/E Taxes: $2,918

Single Unit

(Parcels #1, #2A, #2B, #2C, #3A & #3B) 3,671.3± total acres; 2,312.4± pasture, 1,237.3± dryland, 121.6± ac grass along drainages. Five stock wells; fenced into 6 pastures. FSA Base: 1,366.7 ac wheat; 264.5 ac corn; 38.1 ac barley. Est. R/E Taxes: $6,431

Auction Terms

Auction Terms

Terms & Conditions

OVERVIEW: The heirs of Ritchey Land & Cattle Co, Inc. are selling their 3,671± acres of pasture and dryland at auction. Rare opportunity as this is the first time in over 45 years this property has been offered for sale. Easily accessible via paved and gravel roads. The pasture was not grazed in 2022. Majority of the fence alternates between one cedar post – 4 steel post with 5 wires (Red Brand). Well watered.

In the event of inclement weather, check reckagri.com or our Facebook page.

SALE TERMS/PROCEDURE: The “RITCHEY LAND & CATTLE ESTATE LAND AUCTION” is a land auction with RESERVE. The Ritchey Land & Cattle property to be offered as a “MULTI PARCEL” Auction in 6 Parcels, 2 Combos, Grass Unit, and as a Single Unit. The Parcels, Combos, Grass Unit, and Single Unit will be offered in the sale order as stated herein. The Parcels, Combos, Grass Unit, and Single Unit 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 stated herein 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 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 20, 2022. Closing to be conducted by Heritage Title Company 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, encumbrances, special assessments levied or assessed, and subject to all easements and restrictions or covenants now of record. Title commitments are available for review herein and title commitment and exceptions will be incorporated and made a part of the Contract to Buy & Sell Real Estate (Land). 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), except Buyer(s) to pay for cost of loan title insurance policy, if applicable. 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.

POSSESSION: Possession of pasture and farmland upon closing.

LEASE: No lease on property.

PROPERTY CONDITION: 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.

GROWING CROPS: Seller to convey to Buyer(s) growing crops on the property as of closing. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.

FSA DETERMINATION:  FSA base acres and yields to pass with the Parcels, Combos, Grass Unit, or Single Unit as designated herein. 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: 2022 real estate taxes due in 2023, to be prorated to day of closing.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land  use trades, if any. Fences do not necessarily follow exact property lines. If the property sells in Parcels and/or Combo’s and a survey is necessary to describe a portion of the property, Seller to provide and pay for said survey on the applicable sections only. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey.

MINERALS: Seller to reserve unto themselves, their heirs and assigns, all OWNED mineral rights.

NOXIOUS WEEDS & CHEMICALS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, canadian thistle, etc). The location of and the density of noxious weeds is unknown at this time.

ACREAGES: All stated acreages in the Color Brochure, Detail Brochure, and visual presentation at the auction are approximate and are obtained from the FSA office and/or county tax assessor records. Both 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 herein. This “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 assume 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 this 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 and/or auctioneer.

COPYRIGHT NOTICE: Photographs, videos, 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.

 

 

How to Bid

How to 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.