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149.71+/- Acres Rice County, Kansas
Selling On Our
UNRESERVED ONLINE AUCTION
November 14, 2023
Bidding opens October 31, 2023, and ends November 14, 2023, at 11:00 a.m. CST
Description: Here’s 149.71+/- acres of high-quality crop land in Rice County, KS. It’s 100% cropland according to USDA-FSA. It’s 97.9% ‘prime’ Geary and Crete silt loams 0 to 3% slopes. Rice County, KS, carries it as 147.3+/- taxable acres. The FSA crop base is 123.5 acres with a 49 bushel wheat yield and a 101 bushel grain sorghum yield. It’s located 3 miles west of Lyons, KS, adjoining the north side of paved Hwy 56. It’s bordered on the east by 12th Road. It lies in two tracts, one north and one south of an abandoned railroad right of way. The north tract is 74.42+/- acres. The south tract is 75.29+/- acres. Both tracts are terraced with concrete spillways to protect the terraces during large rainfall events. The land will be planted to wheat for harvest in 2024.The buyer receives a one-third crop share of the harvested wheat and pays one-third of the fertilizer and chemical expense. Seller’s mineral rights pass to the buyer. Possession passes to the buyer the earlier of: 1) conclusion of the 2024 wheat harvest; 2) destruction of the 2024 wheat crop in any manner; or 3) August 1,2024. Don’t miss this opportunity to own this well located ‘prime’ cropland on Hwy 56, west of Lyons, KS.
The 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:
Celebration Centre
1145E. US 56 Hwy
Lyons, KS 67554
BigIron Realty Agents will be at the Celebration Centre, in Lyons, KS, on November 14,2023, from 9:00 am until the conclusion of the online auction. Please come during the time scheduled to discuss the land. BigIron Realty Representatives will be there to assist buyers with registering to bid, making online bids, and to answer questions. 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 October31, 2023, and ending November 14, 2023,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 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 prior to the auction close or call 800-887-8625 for assistance.
Legal Description: SE ¼ 35-19-9 (Rice County, KS)
2022 Taxes: $2,433.00
Land Location: Three miles west of Lyons, KS, on the north side of Hwy 56 at 12th Road. Signs are posted.
Base PLC Yield
FSA: Wheat 85.5 49 bu.
Grain Sorghum 38.0 101 bu.
Total 123.5
Mineral Rights: Seller’s mineral rights pass to the buyer.
Water Rights: Go to the buyer.
Possession: Ownership passes at closing. Possession passes earlier of: 1) completion of the 2024 wheat harvest; 2) destruction of the 2024 wheat crop in any manner; or 3) August 1, 2024.
Owners:
Brett Spear, Mike Spear, Terry Brock
Diane Andrews, Marcia Morales, Janice Robertson
Title Services:
Security 1st Title, 108 East Ave. S, Lyons, KS 67554
For more information, contact the listing agent:
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 be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 108 East Ave. S, Lyons, KS 67554 (620-257-1831). 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 December 15, 2023.The 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 a buyer's lender 100%.Property taxes for 2023 will be paid by the seller. The buyer pays the 2024 property taxes. 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.
Location
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 be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 108 East Ave. S, Lyons, KS 67554 (620-257-1831). 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 December 15, 2023. The 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 a buyer's lender 100%. Property taxes for 2023 will be paid by the seller. The buyer pays the 2024 property taxes. 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.