Sedgwick County Dryland Auction – NO Reserve

Sedgwick County, CO 479 +/- Dryland Acres

Overview

Overview

This property is sold

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

Land Sells at Auction with high bids totaling $705,000

AUCTION          TOTAL                 PRICE/
TRACT               BID                    ACRE

Parcel #1A       $255,000            $1,580
Parcel #1B       $270,000            $1,678 
West Parcel      $180,000            $1,088  

Two sellers are offering their 487.6+/-acres of Colorado dryland for sale within the same auction.  The DOROTHY MARQUARDT McVAY DRYLAND is 322.2+/- ac of dryland located S of Julesburg, CO in SE Sedgwick County. Primarily class II soils with small area of Class III. Growing wheat to be conveyed to Buyer(s). Owned mineral rights to be conveyed to Buyer(s). To be offered in 2 parcels and as a combo. Possession upon closing. The WEST PARCEL is 165.4+/- ac of dryland located S of Ovid, CO in S Central Sedgwick County. Class II & III soils w/small area of IV. This parcel will be offered as a separate tract and not in combination.  Owned mineral rights to be conveyed to Buyer(s). Possession upon closing.

DOROTHY MARQUARDT McVAY DRYLAND PARCELS DESCRIPTION

PARCEL #1A –
DRYLAND: 161.3+/- ac dryland; Legal: NW1/4 of 26, T10N, R44W less tract,
Sedgwick Cty, CO; Location: From Julesburg, CO/I-76 exit, 10 mi S to NW
corner of the property; Soils consist of Class II; 79.0+/- ac wheat
stubble, 82.3+/- ac growing wheat; FSA base: 121.8 ac wheat w/37 bu PLC
yield, R/E Taxes: $575.81.

PARCEL #1B – DRYLAND : 160.9+/- ac
dryland; Legal: NE1/4 of 31, T10N, R43W, Sedgwick Cty, CO; Location:
From Julesburg, CO/I-76 exit, 10 mi S, 3 mi E, 1 mi S to NE corner of
the property; Soils primarily consist of Class II w/area of III; 77.8+/-
ac wheat stubble, 83.1+/- ac growing wheat; FSA base: 121.5 ac wheat
w/37 bu PLC yield, R/E Taxes: $581.50.

COMBO #1 (PARCELS #1A &
#1B) – DRYLAND: 322.2+/- ac dryland; 156.8+/- ac wheat stubble, 165.4+/-
ac growing wheat; FSA base: 243.3 ac wheat w/37 bu PLC yield, R/E
Taxes: $1,157.31.

WEST PARCEL – DRYLAND  – 165.4+/- ac dryland;
Legal: SE1/4 of 27, T10N, R46W, Sedgwick Cty, CO; Location: From Ovid,
CO/I-76 exit, 7 mi S, 3 mi W, 1 mi S, 1 mi W to SE corner of the
property; Soils consist primarily of Class II w/areas of III & IV;
83.4+/- ac wheat stubble, 82.0+/- ac corn stalks; FSA base: 61.8 ac
wheat w/35 bu PLC yield, 82.4+/- ac corn w/91 bu PLC yield; R/E Taxes:
$701.88.

TERMS & CONDITIONS
AUCTION DATE/TIME/LOCATION: Tuesday, March 1, 2016, @ 10:30 a.m., MT at the Reck Agri Auction Center, Sterling, CO.
OVERVIEW: Two sellers are offering their 487.6+/-acres of Colorado dryland for sale within the same auction.  The DOROTHY MARQUARDT McVAY DRYLAND PARCELS include 322.2+/- ac of dryland located S of Julesburg, CO in SE Sedgwick County. Primarily class II soils with small area of Class III. Growing wheat to be conveyed to Buyer(s). Owned mineral rights to be conveyed to Buyer(s). To be offered in 2 parcels and as a combo. Possession upon closing. The WEST PARCEL is 165.4+/- ac of dryland located S of Ovid, CO in S Central Sedgwick County. Class II & III soils w/small area of IV. This parcel will be offered as a separate tract and not in combination. Owned mineral rights to be conveyed to Buyer(s). Possession upon closing.

SALE TERMS/PROCEDURE: Two SELLERS are offering their properties for sale within the “SEDGWICK COUNTY DRYLAND AUCTION” with NO RESERVE. Competitive bids will determine outcome of the auction and the Sellers to enter into a contract to purchase with the highest bidder(s). The DOROTHY MARQUARDT McVAY DRYLAND PARCELS will be offered in 2 parcels and as a combo. The parcels and combo to be offered in the sale order as stated. The parcels and combo will compete to determine the highest aggregate bid(s). The WEST PARCEL is to be offered separately and not in combination. Competitive bidding will determine the utcome. Sellers agree 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.
LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.
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 1, 2016. Closing to be conducted by Sedgwick County Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
REAL ESTATE TAXES: 2016 real estate taxes due in 2017, and thereafter to be paid by 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; and 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: 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 Parcels and/or Combo 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.
GROWING CROPS: Seller to convey to Buyer(s) 100% of wheat currently planted on Parcels #1A & #1B. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.
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.
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 “SEDGWICK COUNTY DRYLAND” 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.
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 “SEDGWICK COUNTY 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. Bidder increments are at the discretion of the Broker.

WEATHER NOTICE:
In the event of inclement weather, please visit www.reckagri.com, call our office at 970-522-7770970-522-7770 , or listen to KSIR (1010 AM) or KOGA (930 AM) for auction updates.

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SEDGWICK COUNTY DRYLAND AUCTION
Tuesday, March 1, 2016 @ 10:30 a.m. MT
Reck Agri Auction Center – Sterling, COReck Agri Office

Reck Agri Auction Center, Sterling, CO 

Auction Location Map 

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Location

  • Sedgwick County, CO
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Quick Facts

  • SEDGWICK COUNTY DRYLAND AUCTION - NO RESERVE
  • Tuesday, March 1, 2016 @ 10:30 a.m. MT
  • Reck Agri Auction Center – Sterling, CO
  • Sedgwick County Dryland Auction No Reserve
  • Sells at Auction with high bids totaling $705,000
  • 487.6+/- ac dryland
  • 322.2+/- ac S of Julesburg, CO, SE Sedgwick County, CO
  • 165.4+/- ac S of Ovid, CO, S Central Sedgwick County, CO
  • Possession upon closing
  • Growing wheat to Buyer(s)
  • Primarily class II & III soils w/areas of IV
  • Owned mineral rights to Buyer(s)
  • Offered in 3 parcels & 1 combo

Property Type(s)