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 3:
Description: This ‘100% prime class 2 cropland’ sells as 38.33+/- acres. The soils are 91.9% Crete silt loam 0-1% slope and 8.1% 1-3% slope Crete silt loam. It’s bordered on the east by 12th Ave. Paved Arapahoe Road is 3/4 of a mile south. This ‘prime’ cropland produced 90-bushel dryland milo in 2022. North and south field boundaries are flagged.
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 N 1/2 of NE 1/4 25-21-4
2021 Taxes: $519.92
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 3/4 mile the tract is on the west side of the road. Signs are posted.
PLC
FSA: Crop Base Yield
Wheat .01 53bu
Gr. Sorg 19.71 89 bu
Soybeans 19.50 34 bu
Total 39.22
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 Lori Elwonger
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 1st Title, 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.