326.84+/- Acres McPherson County, Kansas
Selling in 3 Tracts On Our
UNRESERVED ONLINE AUCTION
December 6, 2022
Bidding opens November 22, 2022, and ends December 6, 2022, at 11 a.m. CST
Tract 2:
Description: This ‘100% prime class 2 farmland’ sells as 68.77+/- acres. FSA shows 57.42 acres of cropland with a 1.76-acre drainage ditch on the north boundary for a total of 59.18 acres. Another 9.59acres of cropland around the farmstead were deeded to the sellers recently, making the total farmland 68.77+/- acres with 67.01+/- acres of cropland. Wheat was harvested in 2022 and planted back to double-crop soybeans. A hard rain after soybeans were planted caused some patches to drown out, as you’ll see in pictures and videos. The soils are all 0-1% slope Crete silt loams and Ladysmith silty clay loams all ‘100% prime class 2’. It's bordered on the east by 12th Ave and on the south by Arrowhead Road. Paved Arapahoe Road is one mile south.
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:
Inman Community Building
406 E. Center St.
Inman, KS 67546
BigIron Realty Agents will be at the Inman Community Building in Inman, KS, on December 6, 2022, from 9:00 a.m. CST or until the conclusion of the online auction. Please come at this time to discuss the land. BigIron Realty representatives will be there to assist Buyers with registering to bid and placing bids online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this land for 14 days beginning November 22, 2022, and ending December 6, 2022, at 11:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding will be automatically extended to five minutes. 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 please register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Legal Description: S 1/2 of SE 1/4 (Ex 10 ac) 24-21-4
2021 Taxes: $868.93
Land Location: At Arapaho Road on Hwy 61 (3.5 miles south of the Inman exit, or 8.5 miles north of Hutchinson at 30th St.), turn east on Arapaho Road and go 6 miles to 12th Ave. Turn north on 12th Ave and go 1 mile to Arrowhead Road. Signs are posted.
PLC
FSA: Crop Base Yield
Wheat 34.23 53 bu
Corn 24.51 89 bu
Total 58.74
Mineral & Wind Rights: Seller’s mineral and wind rights transfer to the Buyer.
Water Rights: Pass to the Buyer.
Possession: At closing.
Greg Postier and Lor iElwonger
Title Services:
Security 1st Title, 211 W. Kansas, McPherson, KS 67460
Mike Campbell, 620-899-6989
Terms: The sale is subject to all rights of way and easements, whether recorded or not and to oil and gas leases of record if any. The successful Buyer will enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment payable to Security 1stTitle, 211 W. Kansas, McPherson, KS 67460 (620-241-1317). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before January 6, 2023. Seller will provide marketable title to the Buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer and Seller. The Buyer will pay additional title insurance required by the Buyer's lender 100%. The Seller will pay 2021 and prior year taxes. 2022 property taxes will be prorated to the date of closing. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer 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.