Property Description
December 7, 2021, at the Stratton community building, 918 Colorado Ave. 10:30 am
1,440± Deeded dryland acres farmland Selling in 7 individual tracts.
Sale Results:
- Tract #1 $1,350 acre
- Tract #2 $1,000 acre
- Tract #3 $1,000 acre
- Tract #4 $1,300 acre
- Tract #5 $2,300 acre
- Tract #6 $2,100 acre
- Tract #7 $1,550 acre
Average on 1,440 acres $1,625 with 40 plus in attendance with active bidding
Legals:
Tract #1 NE4 Section 4, T9S-R48W
- 160 ac deeded
- Milo stubble
- Possession at closing is subject to tenants rights (Harvest Milo)
- 150.87 Cropland 101.37 ac corn base, 123 bu PLC
Tract #2 NE4 Section 29, T8S-R48W
- 160 ac deeded
- Wheat stubble
- Subject to $40.00/ ac Cash lease through October 1, 2024, 100% of 2022 lease to the buyer
- Tract includes very good livestock Well permit #230304-A Equipped with pump and column
- No base
- Seller shall have 45 days to remove personal property from tract
Tract #3 SE4 Section 20, T8S-R48W
- 160 ac deeded
- Wheat stubble
- Subject to $40.00/ ac Cash lease through October 1, 2024, 100% of 2022 lease to the buyer
- No Base
Tract #4 N2 & SW4 Section 15, T8S-R48W
- 480 ac deeded
- Milo stubble
- Possession at closing is subject to tenants rights (Harvest Milo)
- 473.62 Cropland 304.5 ac corn base, 123 bu PLC
Tract #5 SW4 Section 13, T8S-R48W
- 160 ac deeded
- Milo stubble
- Possession at closing is subject to tenants rights (Harvest Milo)
- 154.09 Cropland 103.53 ac corn base, 123 bu PLC
Tract #6 NW4 Section 24, T8S-R48W
- 160 ac deeded
- Milo stubble
- Possession at closing is subject to tenants rights (Harvest Milo)
- 150.95 Cropland 101.45 ac corn base, 123 bu PLC
Tract #7 SW4 Section 18, T8S-R47W
- 160 ac deeded
- Milo stubble
- Possession at closing is subject to tenants rights (Harvest Milo)
- 153.36 Cropland 103.05 ac corn base, 123 bu PLC
Averaging 51% base overall
TERMS AND CONDITIONS
Terms of Sale: 10% down at the conclusion of auction, with the balance to be paid on or before December 30, 2021. Cashiers' check or wire checks are acceptable down payment with the final payment to be certified funds. All funds will be held by the auction company trust account. Bidding shall not be contingent upon financing, should financing be required it shall be arranged prior to auction. Announcements made the day of sale shall take precedence over prior written and/or oral statements.
No Buyer (s) Premium
Manner of Sale: Tract will be auctioned individually only. Auction procedure and increments of bidding to be determined by auction company. Bidding is not contingent upon financing; all financing shall be arranged prior to the auction.
Mineral Rights: 100% of owned minerals shall pass with surface rights
Closing: Buyer may close as soon as closing documents are prepared - No later than December 30, 2021.
Closing Agent: Kit Carson County Abstract Co. shall be the closing agent, location of closing to be 1358 Lowell Ave, Burlington, CO. Closing fee shall be split 50/50.
Possession: At closing subject to tenant rights. Tract #1 and Tract #2 are subject to $40.00 per acre Cash Lease through October 1, 2024
Real Estate Taxes: Taxes for 2021 will be paid by the Seller. 2022 and all future taxes paid by the buyer.
Acceptance of Bids: Each successful bidder will be required to enter into a Colorado Real Estate Sales Contract immediately following the auction. The contract will be available for review prior to sale. Auction Company reserves the right to disqualify bidder (s) at the sole discretion of the Auction Company
Evidence of Title: Seller will provide title insurance to the buyer in the amount of the purchase price. Premium to be paid by the seller. Title evidence will be provided prior to sale. Title shall transfer with a special warranty deed
Acreages: Acreage figures are considered to be approximate and are from reliable sources based on County Assessed Acres. All FSA information is subject to change. Assessed acres may not be the same as deeded acres. No warranty is expressed or implied as to exact acreages of property. All bids are for the tracts without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and /or stated at the auction.
Inspections: All buyers (bidders) shall be responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither seller nor Rocking X Land Co. Ltd., agents of, or representatives, are making any warranties about the property either expressed or implied. Statements, while not guaranteed, are from reliable sources.
Easements: This sale is subject to all rights of way and easements, whether recorded or not and to oil and gas leases of record if any.
2020 Taxes: $4,928.12
Agency: Rocking X Land Co. Ltd., its agents, and representatives are the exclusive agents of the seller.
*SELLER SHALL HAVE 45 DAYS AFTER CLOSING TO REMOVE PERSONAL PROPERTY FROM TRACT #2
