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110+/- Acre Farm and Farmstead in 3 Tracts

 

Address: 15053 SE 160th Ave Norwich, KS.

Date:

Feb. 8, 2018     6:30 pm

Open Houses

Sunday, January 21, 2-4 pm & Monday, January 22, 5-7 pm

Location of Auction: Norwich Christian Church Life Center 339 S. Main  Norwich, KS.
Flyer Brokers Form Video


Tract 1 Info Pkt Tract 2 Info Pkt Tract 3 Info Pkt

Tract 1 Soil Map Tract 2 Soil Map Tract 3 Soil Map

Legal Description:

110+/- acres in NE/4 23-30-5W. A new survey with new legal descriptions will be completed prior to closing based on how Tracts sell. Buyer(s) and Seller to split survey expense equally.


Property Location:

From Norwich: South on Robbins Rd. (SE 150 Ave) 2 miles to SE 160th St, East 1 mile to SE 160th Ave.

From Suppesville: West 1 mile on K-42 to K-2 junction; SE on K-2, 3 miles to property.

From Milton: West 3 miles on 120 Ave. N.


Manner of Auction: Multi-parcel style auction offering separate tracts and all combinations. Subject to Seller approval

Property Description:

Tract 1:  3 BR, 2 BA, farmstead, short pens, 50x100 steel shed and approximate 30 acres pasture

Tract 2: 38+/- acres consisting of approximately 31.91 tillable per FSA and the balance native pasture with wooded draw. 95% Class II Nalim & Shellabarger sandy loam soils and is in the ARC program

Tract 3: 40+/- acres consisting of 39.61 acres of tillable and .43 acres of wooded draw per FSA. It is all Class II Nalim & Shellabarger sandy loam soils and is in the ARC program.


Crops: All tillable land is sowed to wheat. Buyer to receive owner's 1/3 share of 2018 wheat crop. Buyer will be responsible for reimbursing Seller for owner's share of fertilizer and will be responsible owner's share of any additional fertilizer or herbicide applications.

FSA Information:

71.56 Cropland Acres. Property is in the ARC program. Buyer to receive Owner's share of 2018 FSA payments and is responsible for registering as new owner. If tracts sold separately, Kingman County FSA office will re-allocate basis and their decision is final.

Commodity     Base Acres     PLC Yield

Oats                        4.5                        41
Wheat                   68.2                        35
Soybeans             1.7                         16


Minerals: Believed to be intact and will transfer to Buyer.

Tax Information:

Seller to pay all 2017 and prior years taxes on all Tracts. Tract 1, Seller will credit Buyer $385 at closing for 2018 tax proration.

Tracts 2 & 3, Buyer is responsible for all 2018 taxes.


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

Earnest money terms:

PER TRACT: $10,000 non-refundable earnest at contract signing, made out to Kansas Secured Title.


Closing date/place:

On or before March 8, 2018 at Kansas Secured Title.  Title policy and closing costs to be shared equally between Buyer and Seller.


Possession:

Tract 1: At closing.

Tracts 2 & 3: at closing, subject to tenant rights with full possession after harvest of 2018 wheat crop.

   

 

 

 
 
 
 
 
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