320.68+/- Acres Graham County, Kansas
Selling On Our
UNRESERVED ONLINE AUCTION
March 28, 2023
Bidding opens March 14, 2023, and ends March 28, 2023, at 10:00 a.m.
Description: This is a beautiful half section in Graham County, Kansas, that lies just south of the Brush Creek drainage area and is currently all in native grass. It features a 4-wire barbwire fence around the entire boundary, and cattle are watered with an electric submersible well. There is a catch pen in the northwest corner of the property. The grass has not been overgrazed and is currently under a blanket of wet snow that will get it growing next spring. The farm has nearly 82 acres of former cropland that still carries 100% base for future FSA farm program payments. There are also two continually producing oil wells on the property, and the owners will transfer their interest in these wells to the new buyer. As I traveled around the property's perimeter, a nice herd of whitetail deer ran from one of the canyons. This is a nice parcel of grass just southwest of Hill City, Kansas, with extra income potential to either start on or add to your current land portfolio.
The bidding increments will be $25/acre. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
First State Bank
101 E Cherry St.
Hill City, KS
BigIron Realty Agents will be at the First State Bank Basement meeting room, in Hill City, KS, on March 27, 2023, from 4:00 to 5:00 p.m. and March 28 from 8:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will assist buyers with registering to bid online. You do not have to be present to bid online, but you must be available by phone.
BIDDING PROCESS: You may place bids on this farm for 14 days, beginning March 14, 2023, and ending March 28, 2023, at 10:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is 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 register at least 24 hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: N ½ of Section 9-9-23 Graham County, KS, containing 320.68+/- acres.
FSA Information: 81.77 acres are considered cropland, the balance in native pasture, and all land is currently in native grass.
Bases Acres PLC Yield
Wheat 69.27 30
Grain Sorghum 12.50 81
Total: 81.77
Mineral Rights: Will pass with the land. Believed to be 1/16th owner with two currently producing oil wells on the property. Owner number: 05956 CHS McPherson Refinery Inc.
2022 Taxes: Land $903.24
Oil $331.58
Oil Revenue: 2022 $3,072.32
2021 $2,054.00
2019 $3,298.00
2018 $5,751.00
2017 $3,548.00
Land Location: From the stoplight in Hill City, Kansas, take Hwy 283 south 1 ½ miles to Road O. Then 1 ¼ miles west to 255 Avenue. Next, southwest 1 ½ miles to Road N, turning west 1 ½ miles to 240 Avenue. Lastly, south 2 miles to the northwest corner of the property.
Title Services: Eland title
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 must enter a written purchase agreement immediately after the sale with a 10% non-refundable down payment payable to Eland Title Company. 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 April 28, 2023. The seller will provide a marketable title to the buyer, evidenced by title insurance. Title insurance and closing costs are split 50/50 between the buyer and seller. The buyer will pay additional title insurance required by a buyer's lender 100%. Property taxes will be prorated to the date of closing. The property will not be sold subject to financing. Have all financial arrangements made before 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.