321.22+/- Acres Scott County, Kansas
Selling in 2 Tracts On Our
UNRESERVED ONLINE AUCTION
April 18, 2024
Bidding opens April 4, 2024, and ends April 18, 2024, at 11:00 a.m. CDT
Tract 2:161.91+/- Acres
Description: This is a highly productive 100% cropland quarter. It’s located in the Richfield-Ulysses association of upland loamy soils in Scott County. USDA/NRCS would classify all soils on this tract as 100% prime if irrigated. The soils and slopes are that good. As dryland, they are type 2 & 3 soils. The land is unplanted and covered by prior crop wheat and milo residue. Immediate possession passes to the buyer at closing on or before May 17, 2024. If earlier access for spring field work is desired, this can be arranged by increasing the down payment from 10% to 25%. Taxes are prorated to the date of closing.
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
Western KS Child Advocacy Center (WKCAC)
212 E.5th St.
Scott City, KS 67871
BigIron Realty Agents will be at the WKCAC in Scott City, KS, on April 18, 2024, from 9:00 a.m. until the conclusion of the online auction. The auction site is a half block east of the main (Hwy 83 & Hwy 96) stop light in Scott City, KS. Please come during the times scheduled to discuss the land. 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: This land sells in 2 individual tracts, with no combination of tracts. There is no buyer premium. You may place bids on this land for 14 days beginning April 4, 2024, and ending April 18, 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 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 24 hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: NE1/4 11-20-31
2023 Taxes: $1,317.26
Crop Ins
FSA: Base PLC Yield I APH
Wheat 55.48 43 bu I 66
Gr. Sorg. 74.36 101 bu I 101
Corn 85
Mineral Rights: Seller’s mineral rights pass to the buyer.
Possession: Passes to the buyer at closing.
Land Location: From Grigston, KS, on Hwy 96, turn south on S. Venison Rd and go 10 miles south to E Road 50. From Shallow Water, KS, on Hwy 83, turn east on E Road 70 for 10miles; turn south on S. Venison Rd for 2 miles to E Road 50. Signs are posted.
Dale E. Schrag Trust
Title Services:
Scott County Abstract & Title, 516 Main, Scott City, KS
Mike Campbell (620-899-6989)
Terms: The property sells ‘AS-IS’ subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record, if any. 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. 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. The successful buyer must enter a written purchase agreement immediately after the sale with a 10% non-refundable down payment payable to Scott County Abstract& Title, 516 Main, Scott City, KS 67871 (620-872-3470). If early access for spring planting is desired before closing, the down payment will increase from 10% to 25%. The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due in certified funds at closing on or before May 17, 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 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 prior to the auction. Announcements made on the 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 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.