Robert Jennings Trust Dry Farmland Auction

Phillips County., CO 160 +/- Dryland Acres

Overview

Overview

This property is sold

Successful Auction! High Bid of $295,000 or $1,919 per acre. The Robert Jennings Trust is offering their 160 acres of Colorado dry farmland for sale at auction. Located 5.3 miles NE of Amherst, CO or 3.5 mi SW of Venanago, NE in northeast Phillips County, Colorado, the Jennings Trust property includes 154 acres of dry farmland for sale in an area where land seldom comes up for sale. Possession upon closing, no growing crop, and 100% of owned mineral rights to buyer(s). This is an absolute auction and the property will sell to the highest bidder. Excellent opportunity to add to or expand your operation and/or current investment portfolio.

PARCEL DESCRIPTION
DRY FARMLAND – 160 +/- Total Acres; 154 +/-
ac dry farmland; 6 +/- ac waste; Legal: SE1/4 of 25, T9N, R43W,
Phillips, County, CO; Location: From Amherst, Colorado, 4 mi NE on
Highway #23 to CR 40, 1.2 mi E on CR 40 to SW corner of the property,
From Venango, Nebraska, 2.5 mi SW on Highway #23 to CR 61, 1 mi S on CR
61 to NE corner of the property; Property is dry farmland w/dry creek
area dissecting NE corner of property; Soils primarily consist of Class
II w/smaller areas of Class III & VI. No growing crops.R/E Taxes:
$409.80.

TERMS & CONDITIONS
SALE TERMS/PROCEDURE: The “Robert Jennings Trust Dry Farmland Auction” is an absolute land auction with NO RESERVE. Property will be offered as one parcel. Competitive bids will determine outcome of auction and the Seller to enter into a contract to purchase with the highest bidder(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 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 cash, electronic transfer funds, or cashier’s check (Good Funds),the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before December 28, 2012. 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 Trustee 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). Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations, conveyances of record; oil and gas leases of record; patent reservations; 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.
GROWING CROPS: No growing crops.
REAL ESTATE TAXES: 2012 Real Estate Taxes due in 2013 to be paid by Seller, 2013 real estate taxes due in 2014, 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 acre-age 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 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.
COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photo-graphs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on the Internet web page.
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, Auction Land Contract, etc. For additional color photos visit the “Robert Jennings Trust Dry Farmland Auction” Visual Tour on our website: www.reckagri.com.
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. Property is being 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 “Robert Jennings Trust Dry Farm-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.

Announcements made by Reck Agri Realty & Auction (hereinafter referred to as Broker) at the time of sale will take precedence over any previously printed material or other oral statements.

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Location

  • Phillips County., CO
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Quick Facts

  • Robert Jennings Trust Dry Farmland Auction w/No Reserve
  • Successful Absolute Auction!
  • Successful Auction! High Bid of $295,000 or $1,919 per acre
  • No Buyers' Meeting
  • 160 +/- total acres
  • 154 +/- acres of Dry Farmland
  • NE Phillips County, Colorado
  • 5.3 Miles NE of Amherst, Colorado
  • 3.5 Miles SW of Venango, Nebraska
  • Possession upon closing
  • 100% of owned mineral rights to buyer(s)

Property Type(s)