4,900+/- Acres Texas County, Oklahoma
Selling in 15 Tracts
February 1, 2024
Bidding opens January 18, 2024, and ends February 1, 2024, at 11:00 a.m.
Tract#10: 320 +/- Acres
Description: This tract may have a few WIND easements, whichmay have been executed by the sellers previously. This tract is known as the S ½ of S-23, T-4N, R-17E but for tax purposes it is divided into 2 Parcel #’s (A & B) which are both described in the Legal Description below. Both Parcel #’s will sell as one unit. There are two producing irrigation wells on this tract which are both located in Parcel B. The seller states “one is in the NW corner of Parcel B producing 100 gpm and the other well is on the west side of Parcel B producing 300 gpm”. Both parcels have pivot pads in the center and are connected by underground water pipes. The tenant owns the pivots, motors and gearheads. The seller owns the pumps. Seller states that 100% of the mineral rights go to the Buyer. Possession is open for the 2024 crop season.
The bidding increments will be $50/acre on tracts 1-4 and 6-15, tract 5 will be $2,500 bidding increments. The final sale price will be calculated based on the total acres times the highest bid for tracts 1-4 and 6-15.
Please scroll to the bottom of this web page for additional information.
Plan to Attend the Informational Meeting & Auction:
Comfort Inn & Suites
2891 Centennial Blvd
Liberal, KS 67901
BigIron Realty Agents will be at the Comfort Inn & Suites in Liberal, KS, on February 1, 2024, from 9:00 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 January 18, 2024, and ending February 1, 2024, 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 on any of the tracts, the bidding period is automatically extended to five minutes on all the 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 close or call 800-887-8625 for assistance.
Legal Description:
Parcel (A) #700012797 SW ¼ of Section 23,Township 4N, Range 17E, containing 160+/- acres, Texas County, Oklahoma.
Parcel (B) # 700012796 SE ¼ of Section 23, Township 4N,Range 17E, containing 160+/- acres, Texas County, Oklahoma.
Location: Parcel (A) is bordered by Hwy 94 on the west and on the south by Rd O and Parcel (B) is bordered on the east by Mile 47 and on the south by Rd O.
2023 Taxes:
Parcel (A) $ 276.00
Parcel (B) $ 289.00
Total Tax Both Parcels: $565.00
John Buhl 402-649-3750 or Ron Stock: 402-649-3705
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 into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to American Abstract & Title, Liberal, KS. 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 March 14, 2024. 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%. Seller will pay 2023 taxes and the buyer will pay the 2024 taxes. The property will not be sold subject to financing. Have all financial arrangements made before the auction. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time on any of the tracts, 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. 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.
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