Stan Willmon Estate Pivot Irrigated Land Auction

SE Phillips County, CO 513.2+/- - Pivot Irrigated Acres

Overview

Overview

This property is sold

SUCCESSFUL AUCTION! HIGH BIDS TOTAL $2,595,000.

TRACT                  HIGH BID         PP/IRR ACRE

Parcel #1             $925,000         $6,862    
Parcel #2             $1,670,000     $5,561    

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

513.2+/- acres of Colorado pivot irrigated to be offered for sale at auction.  Located from Holyoke, CO, 7 miles E, 1 – 5 miles SE in SE Phillips County, Colorado, this property consist of 435.1+/- acres pivot irrigated, 17.7+/- acres dryland, 59.2+/- acres CRP, and 1.2+/- acres grass/roads. The Buyer(s) will have spring possession. Irrigation water and equipment includes 4 pivots with 2 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 2 parcels and single unit.

PARCEL DESCRIPTIONS – (See Updated Detail Brochure for changes)

PARCEL #1 – PIVOT IRRIGATED: 160.0+/- ac; 135.6+/- ac pivot irrigated, 11.9+/- ac dryland, 12.1+/- ac CRP, .4+/- ac rds; Legal: NW1/4 of 21, T7N, R43W; Location: From Holyoke, CO, 7 mi E on Hwy #6 to CR 53, 1 mi S to NW corner of the property; Terrain is level to slightly rolling; Pivot irrigated soils primarily Class II & III w/areas of Class IV; Irrigation Well Permit #18694-FP adjudicated for 400 ac ft; Irrigation equipment includes 100 hp US Electric motor w/pump & 9 tower Lockwood pivot; FSA base: 140.5 ac corn w/148 bu PLC yield; CRP contract #11172A w/annual payment of $588 @ $48.67/acre, Contract expires: 9/30/2031; 11.9+/- ac growing wheat to be reserved by Seller; FGMD Assessment: $60.00; RRWCD Assessment:  $2,001.00; R/E taxes: $2,206.24.

PARCEL #2 – PIVOT IRRIGATED:
350.0+/- ac; 298.7+/- ac pivot irrigated, 3.6+/- ac dryland, 47.1+/- ac CRP, .6+/- ac grass/rds; Legal: NW1/4 & Pt of S1/2 of 34, T7N, R43W; Location: From Holyoke, CO, 7 mi E on Hwy #6 to CR 53, 4 mi S to CR 14, 1 1/2 mi E to the property; Terrain is level to rolling; Pivot irrigated soils primarily Class II & III w/areas of Class IV; Irrigation Well Permit #12762-FP adjudicated for 400 ac ft; Irrigation equipment includes 200 hp US Electric motor w/pump & 2 – 9 tower Valley pivots & 1 – 5 tower Lockwood pivot; FSA base: 301.0 ac corn w/148 bu PLC yield; CRP contract #10030A w/annual payment of $1,364 @ $28.94/acre, Contract expires: 9/30/2022; 3.6+/- ac growing wheat to be transferred to Buyer(s); FGMD Assessment: $60.00; RRWCD Assessment:  $4,608.80; R/E taxes: $5,573.50.

SINGLE UNIT: (PARCELS #1 & #2): 510.0+/- ac; 434.3+/- ac pivot irrigated, 15.5+/- ac dryland, 59.2+/- ac CRP, 1.0+/- ac grass/rds; 2 – CRP contracts; 4 pivots & 2 irrigation wells & pumps; FSA base: 441.5 ac corn w/148 bu PLC yield; FGMD Assessment: $120.00; RRWCD Assessment:  $6,609.80; R/E taxes: $8,179.74.

SALE TERMS/PROCEDURE: The “Stan Willmon Estate 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 2 Parcels and as a Single Unit. The parcels and single unit will be offered in the sale order as stated within the brochure. The parcels 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 April 28, 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 PR 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:
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: Seller to convey all Seller’s water rights, water wells, well permits, and equipment appurtenant to the property for irrigation use, including but not limited to the following: Well Permits #12762-F and #18694-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 irrigation wells and condition of all irrigation equipment. Seller to provide list of irrigation equipment to be included and excluded.

GROWING CROPS: Seller to convey to Buyer(s) growing wheat crop on Parcel #2. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing. Seller to reserve growing wheat on Parcel #1.

FSA DETERMINATION: 
FSA base acres and yields to pass with the Parcels or Single Unit 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 the ARC program.

CRP CONTRACT: 
Seller to convey all right, title, and interest to the existing CRP contracts to Buyer(s) as successor in interest.  Seller to convey 100% of the October 2017 CRP payments to Buyer(s). Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, and agrees to enter into new CRP contract within 60 days after the closing. Buyer(s) assumes responsibility of the costs and penalties if Buyer(s) chooses to terminate the existing contract

REAL ESTATE TAXES: 2017 real estate taxes due in 2018, 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 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 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 “Stan Willmon Estate 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.

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.

THIS AUCTION IS A DISBURSEMENT OF AN ESTATE. THE HEIRS AND/OR MEMBERS OF THEIR FAMILIES RESERVE THE RIGHT TO BID AT THE AUCTION.

Join Us at the Auction!…

STAN WILLMON ESTATE PIVOT IRRIGATED LAND AUCTION – NO RESERVE

Tuesday, March 28, 2017 – 10:30 am, MT
Phillips County Event Center, Holyoke, CO

Auction Location Map

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Location

  • SE Phillips County, CO
View Map

Quick Facts

  • Stan Willmon Estate Pivot Irrigated Land Auction – No Reserve
  • SUCCESSFUL AUCTION! HIGH BIDS TOTAL $2,595,000
  • Tuesday, March 28, 2017 – 10:30 am, MT
  • Phillips County Event Center, Holyoke, CO
  • 513.2+/- acres
  • 435.1+/- acres pivot irrigated
  • 17.7+/- acres dryland
  • 59.2+/- acres CRP
  • 1.2/- acres grass/rds
  • 4 pivots – 2 irrigation wells
  • Owned mineral rights to Buyer(s)
  • 2 – CRP contracts
  • SE Phillips County, Colorado
  • E of Holyoke, Colorado
  • Spring possession
  • Offered in 2 Parcels, Single Unit

Property Type(s)