West Chase County Pivot Irrigated Land Auction

– Chase County, NE 481 +/- Pivot Irrigated - Dryland Acres

Overview

Overview

This property is sold

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


SOLD! HIGH BID $2,075,000

481.2+/- acres of Nebraska pivot irrigated and dryland for sale at auction. Located 2.5 miles SW of Lamar, NE or 1.5 miles SE of the CO/NE state line on Hwy 6 in western Chase County, NE, this property includes 308.0+/- acres of pivot irrigated land and 155.3+/- acres of dryland for sale. Possession upon closing. 256 URNRD certified allocated acres with 145.41 inches remaining allocation @ end of 2015 crop season. Owned mineral rights conveyed to Buyer(s). 120.0+/- acres growing wheat to be conveyed to Buyer(s). 14 & 6 tower Zimmatic pivots with 125 US electric motor w/pump. Terrain is level to slightly rolling with Class I, II, & III soils.

PIVOT IRRIGATED & DRYLAND: 481.2+/- Total Ac; 308.0+/- ac pivot irrigated, 155.3+/- ac dryland, and 17.9+/- ac improvement site & rds; Legal: All the part of 19 lying S of Hwy 6 and part of the SW1/4 of 20, all in T7N, R41W; Location: From Lamar, NE, 2.5 miles SW or 1.5 miles SE of the CO/NE state line on Hwy 6 (Rd 312 borders W line, Hwy 6 borders N line, Rd 740 borders S line; Irrigation Well Permit #G-29629; 256 Upper Republican NRD certified allocated acres with 145.41 inches remaining @ end of 2015 crop season; Irrigation equipment includes 125 hp US electric motor with pump, 14 tower & 6 tower Zimmatic pivots; FSA base: 257.0 ac corn w/140 bu PLC yield, 31.1 ac wheat w/46 bu PLC yield; 50.7 ac sunflower w/762# PLC yield; Occupation tax: $3,029.20; R/E taxes: $11,206.16.

SALE TERMS/PROCEDURE: The “WEST CHASE COUNTY PIVOT IRRIGATED LAND AUCTION” is a land auction with RESERVE. The West Chase County Pivot Irrigated property to be offered as a Single Unit. Competitive bids will determine outcome of auction and the Seller to enter into a contract to purchase with the highest bidder(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 AGREEMENT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Disclosure of Brokerage Relationships in Real Estate Transactions and will enter into and sign a Farm, Ranch, and Land Purchase Agreement 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. Said earnest money is due upon the signing of the Farm, Ranch, and Land Purchase Agreement and to be deposited with Reck Agri Realty & Auction. Farm, Ranch, and Land Purchase Agreement 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 Farm, Ranch, and Land Purchase Agreement. Sample Farm, Ranch, and Land Purchase Agreement 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 January 7, 2016. Closing to be conducted by Southwest Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
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.
REAL ESTATE TAXES: 2015 Real Estate Taxes due in 2016 to be paid by Seller. 2016 Real Estate Taxes due in 2017 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.
GROWING CROPS: Seller to convey growing wheat crop currently planted.
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 Farm, Ranch, & Land Purchase Agreement.
WATER RIGHTS & EQUIPMENT: Seller to convey all Seller’s water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation, domestic or livestock use. The irrigation well are subject to the rules, regulations, and limitations of the Nebraska Department of Natural Resources and the Upper Republican Natural Resource District. Water rights are being sold AS-IS-WHERE-IS without warranty or guarantee of any water right matters, pumping rates or adequacy of domestic and irrigation well, and/or condition of all domestic or irrigation equipment. See parcel information for the description of well permits and irrigation equipment.
FSA DETERMINATION: FSA base acres and yields to pass with the property 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.
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 at the Buyers’ Information Meeting, visit 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.
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, and Farm, Ranch, & Land Purchase Agreement. For additional color photos visit the “WEST CHASE 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.
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 Limited Seller’s Agent. 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 “WEST CHASE 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. Bidder increments are at the discretion of the Broker.

Join Us at the Auction!…
West Chase County Pivot Irrigated Land Auction w/Reserve
Thursday, December 3, 2015 @ 10:30 a.m. MT
Phillips County Event Center – Holyoke, CO

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  • – Chase County, NE
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Quick Facts

  • West Chase County Pivot Irrigated Land Auction w/Reserve
  • Thursday, December 3, 2015 @ 10:30 a.m. MT
  • Phillips County Event Center – Holyoke, CO.
  • SOLD! HIGH BID $2,075,000
  • 481.2+/- total acres
  • 308+/- acres pivot irrigated
  • 155.3+/- acres dryland
  • W Chase County, NE
  • 2½ miles SW of Lamar, NE
  • From CO/NE state line on Hwy 6, 1½ miles SE
  • Possession upon closing
  • 256 URNRD certified allocated acres
  • 145.41 inches remaining allocation @ end of 2015 crop season,
  • Owned mineral rights conveyed to buyer
  • 120+/- acres growing wheat conveyed to buyer.
  • 14 & 6 tower Zimmatic pivots with 125 US electric motor w/pump
  • Terrain is level to slightly rolling with Class I, II, & III soils