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West Logan County Pasture Land AuctionSUCCESSFUL AUCTION

414+/- ac Pasture - Logan County, CO

Description

Successful Auction! SOLD! High bid of $325,000

PARCEL DESCRIPTION
PASTURE – 414+/- total acres; 414+/- ac fenced pasture; Legal: SE1/4 of Section 5 & S1/2 & W1/2 of Lot 7 of Section 4, except dryland parcel, Township 8 North, Range 55 West, Logan County, CO; Location from Sterling, CO: 17 mi W on Hwy #14 to CR 5, 5 mi N to the entrance to the property; Livestock well with submersible  pump; Includes a portion of Pawnee Creek.

The West Logan County Pasture property is 414+/- acres of pasture being offered for sale at auction. Located in western Logan County, Colorado, this property is located 22+/- miles northwest of Sterling, CO. 414+/- acres is fenced pasture with a submersible livestock well. Possession is upon closing. Seller reserving all owned mineral rights.

ONLINE BIDDING PROCEDURE: The West Logan County Pasture Property will be offered for sale in 1 parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on June 19, 2018. The auction will “soft close” @ 12:00 noon, MT on June 21, 2018. Bidding will continue in 5 minute increments until 5 minutes have passed with no new bids.
 
To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit www.reckagri.com and click on the West Logan County Pasture Auction property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.
online only log in
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the detail brochure; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting West Logan County Pasture Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

SALE TERMS/PROCEDURE:
The "WEST LOGAN COUNTY PASTURE LAND AUCTION" is an online only auction with RESERVE.  The West Logan County Pasture property to be offered as a 1 parcel. Competitive bids will determine the outcome of the auction. 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 closing 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 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 July 20, 2018. Closing to be conducted by Stewart Title of Sterling 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. 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: Possession of property upon closing. Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and repair or  install pasture fencing. Any completion of fencing does not constitute a lease. If Buyer(s) defaults and doesn’t close, all repair or installation of pasture fencing and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fencing repair or installation completed at custom rates and invoiced 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 water rights appurtenant to the property.

REAL ESTATE TAXES:
2017 real estate taxes due in 2018, to be paid by Seller. 2018 real estate taxes due in 2019, and thereafter to be paid by Buyer.

LEGAL DESCRIPTION:
Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. Seller to have a survey completed on the dryland parcel which is not part of this sale, at Seller's expense, on or before July 15, 2018, indicating perimeter boundaries and pinned corners with stakes to the property without encroachment, prepared by a Colorado licensed surveyor or engineer.

MINERALS: Seller to reserve all OWNED mineral rights.
 
ACREAGES: All stated acreages in the initial brochure, detail brochure, and visual presentations 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.

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 Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for the "WEST LOGAN COUNTY PASTURE 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. Bidding increments are at the discretion of the Broker.

A DETAIL BROCHURE is available upon request and is REQUIRED to bid at the online auction or via cell phone. 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 WEST LOGAN COUNTY PASTURE 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.

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Watch the auction and/or submit bids in person prior to the
Bid Closing from 10 am - Noon; 
Thursday, June 21, 2018
Reck Agri Auction Center, Sterling, CO

See Color and Detail Brochure under Quick Facts.

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Successful Auction! High bid of $325,000

Quick Facts

  • WEST LOGAN COUNTY PASTURE LAND AUCTION
  • ONLINE ONLY BIDDING
  • Bidding Opens June 19, 2018 @ 8 am MT
  • Bidding Closes June 21, 2018 @ 12 noon MT
  • Successful Auction! High bid of $325,000
  • 414+/- acres fenced pasture, Livestock well w/submersible pump
  • Western Logan County, CO
  • Land extends into Pawnee Creek
  • 22 miles NW of Sterling, CO
  • Possession upon closing