Auction Property: SUMNER CO. FARMSTEAD & QUARTER SECTION
SATURDAY, OCT 5, 2019 10:00 AM
Property Address: 230 S. Broadway Rd, Wellington, Kansas
Legal Description: NW /4 21-32-1E Less ROW, Sumner County, Kansas
Property Location: From Kansas Turnpike (I-35) & Hwy 160; east 1/2 mile then south on Broadway Rd. 1 mile.
Manner of Auction: Absolute Auction. Auctioning as one property to the highest bidder. Auctioning in As-is condition.
Property Description: Old homestead on 158 +/- acres. This property has a well protected 2148 SF, 3 BR, 1 BA, 1-1/2 story home built
in 1926. The home is on a cellar and is on rural water and septic system. It has an 80×70 shed w/loafing barn, milk barn and several other farm outbuildings along with short pens. A small orchard is just south of the well protected home. All this leads to a 24+ acre pasture with pond and this quarter section has approximately 119 tillable acres. Excellent location with quick access to I-35 and 160 Hwy. Wellington school district.
FSA Informtion: Seller to retain 2019 FSA program payments. Buyer is responsible for registering as new owner and future FSA
programs. FSA has this farm at 80.07 acres with 57.42 Cropland acres. Base acres are wheat 20.1 acres at 32 bu
yld; corn .2 acre at 57 bu; grains sorghum 25.0 acres at 52 bu; and soybeans 12.1 acres at 18 bu.
Tax Information: Seller to pay all 2018 and prior years taxes. 2018 taxes were $1,486.25 with no special taxes. Seller will credit Buyer $1,200 at closing for the purpose of 2019 tax proration.
Minerals: Minerals are believed to be in tact and tranfer to Buyer.
Crops: Seller and tenant to retain all 2019 crops.
FSA Information: Seller to retain 2019 FSA program payments. Buyer is responsible for registering as new owner and future FSA programs. FSA has this farm at 157.05 acres with 132.41 Cropland acres. Base acres are wheat 128.8 acres at 33 bu yld; grain sorghum 0.1 acres at 36 bu; and is in the ARC-CO program
Easements: Buyer to accept any and all easements, restrictions, roadways, and right-of-ways of record.
Earnest Money: Earnest money in the amount of $25,000 is to be made payable to Pfalzgraf & Dierking Title in the form of personal, business or cashier’s check day of auction 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 November 5, 2019 at Pfalzgraf & Dierking Title
Possession: Full possession at closing on residence and pasture, and subject to tenant rights on tillable w/full possesion after harvest of 2019 soybean crop
Held on-site at 230 S. Broadway Rd, Wellington, KS