Property Description

Property offered at ONLINE ONLY auction. BIDDING OPENS: Friday, August 28th, 2020 at 12:00 PM (cst) | BIDDING CLOSES: Wednesday, September 16th, 2020 at 2:00 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. No scheduled open house. Property will be available to preview by appointment only. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! 161 +/- acres in Stevens County, just south of Hugoton, KS Agricultural use Level, rolling ground Paved Highway frontage Mineral rights – All interests held by the seller will pass with the real estate to the buyer Not currently hooked up to utilities, but seller believes to be available 78 +/- acres of farm ground – winter wheat being planted now, harvest in June 79 +/- acres of pasture grass 3 current oil/gas wells in production Lease with Scout Energy Management – Dallas, TX Royalty payment history for 1/6th interest is provided in the Property Information Packet.  New owner will receive 100% of seller’s mineral rights and receive 6/6th of royalty payments.  Long-term tenant farmer since 1980s Pays $2,500/annually Current wheat crops belong to the tenant and do not transfer to the new owner New owner can negotiate a lease or ask tenant to vacate after current crop is off *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. The real estate will be open for previewing one hour prior to the real estate auction, or by scheduled appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $10,000. MLS Number: 585887


Directions

(Hugoton) - South on Road 12/Optima to Rd F. Land is just southwest of the intersection.

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