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396.72+/- Acres Reno County, Kansas
Selling in 2 Tracts At
UNRESERVEDONLINE AUCTION
October 31, 2024
Bidding opens October 17, 2024, and ends October 31, 2024, at 11:00 a.m.
Tract 1: 80.59+/- Acres
Description: This 80.59+/- acres is 100% cropland per USDA-FSA. It has 79.25 acres enrolled in CRP and 1.34 acres in other uses. The CRP payment is excellent at $62.71 acre or $4,970 per year expiring 9-30-2026. The tenant currently receives 100% of the CRP contract but agrees to pass the contract in full to the Buyer at closing. The CRP is in excellent condition and in compliance with CRP contract provisions. The north 20% was hayed this year. The Buyer agrees to keep the CRP contract in compliance through its maturity date 9-30-2026. The Buyer receives 100% of the last two CRP payments 10-1-2025 and 10-1-2026. 39.6% of the soils are ‘Prime’ Ost loams 0-1% slopes. 60.4% of the soils are ‘Soils of Statewide Importance’ Turon-Carway complex and Hays-Solvay loamy fine sands. This would make a good grain producing tract when it comes out of CRP, or it could be eligible for reenrollment in CRP depending on USDA rules at the time. The Seller pays the 2024 and prior years property taxes.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
Reno County: Community Center
101 West Avenue C
South Hutchinson, Ks 67505
BigIron Realty Agents will be at the Community Center, in South Hutchinson, KS, on October 31, 2024, from 9:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the land. BigIron Realty Representatives will be there to assist buyers with registering to bid online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: This land sells in 2 individual tracts, with no combination of tracts. There is no buyer premium. You may place bids on these tracts for 14 days beginning October 17, 2024, and ending October 31, 2024, at11:00 a.m. unless extended. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time on any tract, the bidding period is automatically extended to five minutes on all tracts. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: S 1/2 of SE 1/4 10-24-9 south of railroad
2023 Taxes: $597.86
Land Location: 4.5 miles west of Abbyville or a half mile east of Plevna on paved Trails West Road. Signs are posted.
PLC
FSA: Base Yield
Wheat 1.33 34 bu.
Mineral Rights: Seller’s mineral rights transfer to the Buyer.
Possession: Transfers to the Buyer at closing.
Owner: Pleasant Valley Mercia, LLC
Title Services: Security 1st Title
For more information, contact listing agents:
Mike Campbell, 620-899-6989 or Kyle Campbell, 620-200-2193
Location
Additional Resources
Terms
All tracts sell ‘AS-IS’ subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. The land is accepted by the Bidder with no representation or warranty of any kind from the Seller or from BigIron Realty, including, but not limited to: the lands condition, it’s suitability for any activity or use, its compliance with environmental protection, pollution, or land use laws, regulations, orders, or requirements, the disposal, existence in, on, or under the land of any hazardous materials or substances. Acreages are based on USDA/FSA records considered reliable and may differ from deeded or taxable acres. Bidders are responsible for conducting their own inspections and due diligence concerning the property. If a bid is received within five minutes of the scheduled close time on ANY tract, the bidding period is automatically extended to five minutes on ALL tracts. The successful Buyer(s) will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 1001 N. Main, Hutchinson, Ks, 67501 (620-669-8289). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance is due in certified funds at closing on or before November 30, 2024. The Seller will provide marketable title to the Buyer(s) evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer(s) and Seller. Buyer(s) will pay additional title insurance required by a Buyer's lender 100%. Seller will pay 2024 and prior year property taxes. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements. The written purchase agreement, to be signed by the seller and buyer(s) after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.