Bidding starts at $175,000
Property Address: 103rd St S. & 119th St W., Clearwater, KS 67026
Legal Description: NE1/4 EXC BEG 40 FT S NW COR E 1077.37 FT S 74.86 FT SELY ALG CUR 908.71 FT SE 292.22 FT SWLY ALG CUR580.07 FT SWLY 240.68 FT W 1674.43 FT N 1770.39 FT TO BEG & EXC BEG 1811.56 FT S & 396.28 FT W NE COR W 600 FT NE 116.66 FT E 539.92 FT S 100 FT TO BEG SEC 25-29-2W
Property Location: Located on the SE Edge of Clearwater
Directions: From Wichita- SW on K-42, south on 119th St W. to SW corner of 119th St W & 103rd St. S. Located just east of Clearwater High School
Property Description: 96.8 Acres Mostly Class II soils farmland located just east of Clearwater High School, has the potential for someday becoming a subdivision of City of Clearwater. This creates a great investment for the buyer to earn good returns on the farmland and an opportunity for a strong payout later.
Crops: Buyer will receive $2,851 directly from farm tenant on November 15, 2020 as last half payment of 2020 cash farm lease.
Soils: Source: USDA-Acres in AOI 97.4: Punkin-Taver complex, 0-1 percent slopes 2.5 AC, Tabler silty clay loam, 0to 1 percent slopes 53.4 AC, Vanoss silt loam, 0 to 1 percent slopes 3.4 AC, Vanoss silt loam, 1 to 3 percent slopes, Nalim loam, 1 to 3 percent slopes 4.6 AC, Blanket silt loam, 0 to 1 percent slopes 6 AC. 3.5 % Class I soils, 91.3% Class II soils, 2.6% Class III soils
FSA Information: FSA has this farm at Base Acreage of 90.52. Wheat at 65.54 AC, Grain Sorghum at 20.72 AC & Soybeans at 4.26 AC. Buyer is responsible for registering as new owner and future FSA programs.
Minerals: Minerals are believed to be intact and transfer to Buyer.
Tax Information: Seller shall pay one-half of 2020 real estate taxes
Easements: Buyer to accept any and all easements, restrictions, roadways and right-of-ways of records.
Manner of Auction: This is an Online Auction. There is a 10% Buyer Premium. Auctioning as one property to the highest bidder subject to Seller approval.
Earnest Money: Earnest money in the amount of $25,000 is to be made payable to Kansas Secured Title in the form of personal, business, cashier’s check or by wire the day after the auction close and will be applied to purchase at closing. Earnest money deposits are non-refundable. Your bidding is not conditional upon financing.
Closing Date/Location: Closing shall occur on or before September 10, 2020 at Kansas Secured Title, Wichita, KS.
Possession: Subject to Farm Lease
Broker Participation: 3% paid to cooperating agent who registers their buyer in writing with Lange Real Estate 48 hours in advance of the starting date of online bidding. See Broker Participation form.
Click here: MLS Info on Lange Real Estate
This property is selling As-Is-Where-Is, in its present condition and will be accepted by the Buyer(s) without any expressed or implied warranties or representations from the Seller(s) or their agent(s). It is incumbent upon the Buyer(s) to exercise their own due diligence prior to bidding on this property. If the property has improvements of any kind. It is also the responsibility of the prospective Buyer(s) to have any and all inspections completed prior to the start of auction bidding including, but not limited to, roof, structure, termite, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold or radon gas, electrical, mechanical, plumbing and any other desired inspections, if any. Information given is from sources deemed reliable, but NOT guaranteed by the Seller(s) or the Realtor(s). All documents will be made available online to prospective buyers prior to auction. If documents are not understood, broker recommends buyer to seek legal advice prior to bidding. Your bid participation acknowledges the acceptance of all documents. Announcements made online or orally prior to the auction will take precedence over any previous statements, printed material or oral information. Successful winning Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction.
Listing Agent: Jeff Lange