RED WILLOW COUNTY LAND AUCTION

sold

SELLING PRICES:
Tract 1 – $3,900/acre
Tract 2 – $2,700/acre
Tract 3 – $1,500/acre
Tract 4 – $1,000/acre
Tract 5 – $1,800/acre

5 Tracts total sale = $2,394,491

1,081 +/- acres of Red Willow County Nebraska non-irrigated cropland and grass selling in 5 tracts at ABSOLUTE AUCTION Friday November 20, 2015 at 10:00 A.M. central standard time for Steve Chitwood, previously owned by Franklin & Francis Nicholson.AUCTION LOCATION:  Bartley Community Center, 502 Commercial Street (two blocks north of Highway 6&34 in Bartley Nebraska)

LEGAL DESCRIPTION & LOCATION:

Tract One:  SW 1/4 sec. 12&Pt. NW1/4 sec. 13, excepting Highway 89 and Rail Road Right of Way, all in T1N-R27W Red Willow County, NE containing 306.34 +/- acres.  Located 2 miles west of Lebanon on Highway 89 to DR 401 (Highway 89 Right of Way travels through the southern end of the property)

Tract Two:  W1/2SE1/4 sec. 15-T1N-R26W Red Willow County, NE containing 81.48 +/- acres.  Located 2 miles east of Lebanon on DR 705 to the north west corner.

Tract Three:  S1/2 sec. 27-T1N-R26W Red Willow County, NE containing 316.95 +/- acres.  Located 2.5 miles east of Lebanon on DR 705 to RD 406, 2 miles south on RD 406 to the north east corner, another 1/2 mile south to RD 703 which runs east-west on the south side of Tract 3.

Tract Four:  NW1/4 sec. 34-T1N-R26W&S1/2NE1/4 sec.  33-T1N-R26W, all in Red Willow County, NE containing 216.56 +/- acres.  North east corner of Tract 4 located 1/2 mile west of the junction of RD 406 & RD 703 (across the road from Tract 3).

Tract Five:  SW1/4 sec. 36-T1N-R27W Red Willow County, NE containing 159.88 +/- acres.  Located 1.5 miles west of Lebanon on Highway 89 to RD 402, 3.5 miles south on RD 402 to RD 702 (State Line), 1/2 mile west on RD 702 to the south east corner.

POSSESSION: Buyer will receive full possession at closing, on or before December 18, 2015, unless weather prevents the owner from harvesting the planted grain sorghum, in which case the seller will have the right to harvest the grain sorghum.  No fall crops will be planted on the summer fallow or wheat stubble.

MINERAL RIGHTS:

Tract One:  Seller reserves 100% of any mineral rights owned for a minimum of 20 years, or until production ceases.  Tract one is in a pooling agreement and currently has oil production income.  The only oil well on the property has been plugged and abandoned.

Tract Two, Tract Three, Tract Four, and Tract Five:  The seller reserves 50% of any owned mineral rights for 20 years, or until production ceases should discovery be made, on  a participating basis (The seller retains leasing and lease income rights on his share and the buyers receive leasing and income rights on their share.)  All tracts are currently leased for oil and gas.

REAL ESTATE TAXES:  The seller will pay all of 2015 and all previous years’ taxes.  The buyer will pay all the 2016 taxes and subsequent years’ taxes.

ASSESSOR INFORMATION:

Tract One:  306.34 tax assessed acres.  2014 real estate taxes were $4,808.38

Tract Two:  81.48 tax assessed acres.  2014 real estate taxes were $1,299.92

Tract Three:  316.95 tax assessed acres.  2014 real estate taxes were $3,189.18

Tract Four:  216.56 tax assed acres.  2014 real estate taxes were $3, 109.12

Tract Five:  159.88 tax assessed acres.  2014 real estate taxes were $2,060.12

FSA INFORMATION:  The farm is enrolled in the ARC-County program.  The seller will receive the 2015 payment to be paid in 2016.  Bases and yields are as follows:

Tract One:  Farmland 315.21 acres, cropland 239.48 acres, DCP cropland 239.48 acres.  Base acres and yield, wheat 86.1 @ 39 bu., gr sorghum 82.3 @ 57 bu.

Tract Two:  Farmland 79.64 acres, cropland 61.64 acres, DCP cropland 61.64 acres.  Base acres and yield, wheat 22.17 @ 39 bu., gr. sorghum 21.19 @ 57bu.

Tract Three:  Farmland 314.85 acres, cropland 106.51 acres, DCP cropland 106.51 acres.  Base acres and yield, wheat 38.58 @ 39 bu., gr. sorghum 36.87 @ 57 bu.*

Tract Four:  Farmland 215.97 acres, cropland 144.74 acres, DCP cropland 144.74 acres.  Base acres and yield, wheat 52.03 @ 39 bu., gr. sorghum 49.72 @ 57 bu.*

*Estimate:  Tracts 3 & 4 were divided and percentages calculated by the FSA

Tract Five:  Farmland 154.84 acres, cropland 88.15 acres, DCP cropland 88.15 acres.  Base acres and yield, wheat 31.64 @ 39 bu., gr. sorghum 30.29 @ 57 bu.

GENERAL INFORMATION:

Tract One:  A rare opportunity to purchase Beaver Valley land with many possibilities.  The tract has  220+/- acres of highly productive Beaver Valley first and second bottom land, predominately Hord and Hobbs-McCook silt loam soils 0% to 1% slopes, with 190+/- acres in one field.  The Beaver Creek meanders along the west boundary and north end of the property making 62 +/- acres of excellent deer and turkey habitat, as well as dove and upland game.  Excellent location with Highway 89 passing through the south end of the property and another 17+/- acres of divide cropland south of the highway.  County assessor data shows 7.67 +/- acres of road.  An irrigation well (registration # G-001716) drilled in 1956 is located along the highway; however no irrigated acres were certified by the previous owner so the cropland is classified as non-irrigated.  The property will pass to the new owner with 32+/- acres of unplanted summer fallow, 190+/- acres of wheat stubble, and 17+/- acres of milo stubble.

Tract Two:  Highly productive Beaver Valley bottom land with 62+/- acres in one field, predominately Hord silt loam soil 0%-1% slopes and Cozad silt loam soil 1% to 3% slopes.  A diversion terrace in the south east corner forms a drain to separate the bottom land from the divide land slope and drains into a grass waterway forming the east boundary of the property.  Approximately 17 acres in the south east corner is covered with Brome grass preventing erosion and silting into the waterway and drain.  County assessor data shows .99 acres of road.  The property will pass to the new owner with the entire field in unplanted summer fallow.

Tract Three:  FSA maps show this 1/2 section with approximately 196 acres of fenced pasture watered by a submersible well and two dams.  The grass is good and the fences serviceable.  A new fence to form a lane to join the two pastures and add approximately 10 acres of grass on  the north side could be considered by the new owner.  The cropland consists of 97+/- acres in two fields with predominately Holdrege and Keith silt loam soils typical of the area.  Approximately 20 +/- acres are unfenced grass and 7.95 +/- acres of road.  The cropland will pass to the new owner with 29+/- acres of wheat stubble and 68+/- acres of milo stubble.

Tract Four:  FSA maps show 71+/- acres of fenced pasture watered by a windmill and two stock water pits.  The grass is good and fences are serviceable.  An under the road culvert joins the pasture to the west pasture of tract three.  131 +/- acres of cropland lays good in two fields and consists predominately of Holdrege and Keith silt loam soils.  12 +/- acres are in unfenced grass and 1.93 +/- acres of road.  The cropland will pass to the new owner with 54+/- acres of unplanted summer fallow and 77 acres of milo stubble.

Tract Five:  FSA maps show 88+/- acres of cropland in three fields, 67+/- acres of fenced pasture, and 1.92 +/- acres of road.  The cropland is predominately Holdrege and Keith silt loam soils.  No water is available for livestock on the property and the grass has not been pastured for several years so the fences are in need of repair.  This quarter lies pretty good and could be considered for grass to cropland development.  The cropland is all planted to milo.

CONDITIONS:  The property sells subject to deed restrictions, zoning regulations, easements, agreements of record, and oil and gas leases or agreements pertaining to oil and gas production.  The property may contain noxious weeds or animals.  The descriptions and measurements of the property are deemed to have come from reliable sources but are not guaranteed by the broker or seller.  FSA information, base acres, and yields are not guaranteed.  Any maps provided are to be used for general guideline and do not guarantee property lines or acres.  The property is subject to the rules and regulations of the Middle Republican NRD.

TERMS:  The successful buyers will enter into a written purchase agreement with a 20% earnest money deposit in good funds or a cashable check immediately after the auction.  The balance of the purchase price will be due at closing on or before December 18, 2015.  Title insurance and closing to be conducted by McCook Abstract in McCook, NE.  Seller will provide a marketable title to the buyer evidenced by a policy of  title insurance.  Cost of the owner’s title insurance and escrow agents fees to be divided equally between the seller and buyer.  The buyer will receive full possession on the day of closing unless weather should prevent the seller from harvesting the growing grain sorghum.  The seller will pay all the 2015 real estate taxes and the buyer will pay the 2016 and subsequent years real estate taxes.  The property will not be sold subject to financing or inspections.  Please have all financial arrangements and inspections made prior to the auction.  All announcements made the day of the auction will take precedence over any statements made, written, oral or implied.  Vontz Realty and Heartland Partners Realty, Inc. are working for the seller as a sellers agent and an agency disclosure form, so stating, will be signed by the buyers after the auction.  the property is being sold in as-is condition with no warranty expressed or implied.  All prospective buyers should fully inspect the property and rely on their own conclusions.

SELLS IN FIVE SEPARATE TRACTS

Click Image to Download Map:

     LOCATION MAP

Click Link below text to view Aerial and Soil Maps for each Tract.

Tract 1

Tr 1 aerial-soil map

Tract 2

Tr 2 aerial-soil map

Tract 3

Tr 3 aerial-soil map

Tract 4

Tr 4 aerial-soil map

Tract 5

Tr 5 aerial-soil map

Auction conducted by Vontz Realty and Heartland Partners Realty, Inc.  as cooperating brokers.  For more information or to make arrangements to tour the property please call:

Mark Hamel, Broker/Heartland Partners Realty, Inc. 308-962-6236

(or)

Ed Vontz, Broker/Vontz Realty 308-520-3953



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