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$2350 an acre ~ combined surface and minerals


98+/- Acres: Grass, CRP, & Farmstead   

35116 W. Fountain Green Rd.  Turon, KS.  67583
Jan. 22, 2015

Date: Thursday, Jan. 22, 2015 

Time:

11 a.m.


Auction held at: onsite

Open House: Sunday, Jan. 11, 2 - 4 PM; 1 hour before auction

Flyer  


Brokers Form MLS

Legal Description: 98+/- Acres in SW/4 28-25-10W.  Full legal description in Information Packet

Property Location: From Turon; North 1 mile on Burns St/Brownlee Rd, follow curve and east mile on Parallel Rd, follow curve and north 1 mile on Sylvan Rd to W Fountain Green Rd, then west to property

Manner of Auction: This real estate will be offered in multi-rights style auction. Mineral rights and surface rights to be offered separately and as a whole sold in the manner that best suits the seller. auction procedure and increments are at the discretion of the auction company.

Property, home, and all out buildings are being sold “As-Is, Where-Is” in its present condition. Buyer is responsible for all inspections and due diligence prior to auction.

Property Description:

This 98 acre farm in Reno County is all grass and CRP with an older farmstead. It has been used primarily for cattle, but has plentiful deer, pheasant, & quail, and would make for an outstanding hunting property with cabin/lodge, rental property, or home.

The farmstead consists of a 990 square foot, 2 BR 1BA home detached garage/man cave and misc. outbuildings with catch pens.


Tax Information:

Seller is responsible for 2014 and prior years taxes and Buyer is responsible for all 2015 taxes. 2014 general taxes were $1077.88 and $100.50 of special taxes.


FSA: Farm currently has 2 tracts enrolled into CRP program. Both total 78.6 acres and one last payment due in September of 2015 totaling $2705. Buyer is responsible for registering as new owner with Reno Co. FSA.

FSA 156 EZ            CRP                FSA aerial

Soils: Property consists mostly of Class II & III soils with a small amount of Class VI soils.

Minerals: Minerals are intact, and has a new oil well with $19,525 production from March to December in 2014.  Minerals will be offered separately and combined.  Buyer is responsible for notifying production company of new ownership and transferring payments.

Flood Map Flood      all boundaries are approximate and may vary

Easements: Buyer to accept any and all easements, restrictions, roadways, and right-of-ways of record.

Earnest money terms:

Earnest money of $10,000 for mineral rights, $15,000 for surface rights ($25,000 if combined) is non-refundable and purchase contract is not contingent on loan.


Closing date/place:

On or before February 24, 2015 at Security 1st Title. Title policy and closing costs to be shared equally between Buyer and Seller.


Possession: At closing.

 

 
 
 
 
 
 
 
 
 
 

 

 
 
 
 
 
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