Land Undeveloped Acreage Auction Elk City ks
914+/- Acres Rd 27, Elk City KS, 67352 Auction
Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, April 19th, 2022 at 2 PM (cst) | BIDDING CLOSING: Thursday, May 5th, 2022 at 2:10 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. If you have been looking to add to your ranch, or just invest in land, this is your chance! 914+/- acres of rolling native pasture with multiple water sources, excellent perimeter and interior fencing, roadway, and wooded cover. There are five pastures that are fenced and cross fenced into units of approximately (3) 160-acre pastures, (1) 235-acre pasture, and (1) 200-acre pasture. Each unit does offer its own water source and is connected by the interior roadway. The land also features an amazing wooded area with a large 2-acre pond which offers recreational opportunities. 914+/- acres Rolling Native pasture Multiple water sources Fenced and cross fenced into multiple pastures Wooded cover Large Pond Creeks Coffey Branch River Interior roadway Public Road Access off Road 27 Definition of ‘selling by the acre’: A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered “by the acre” the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres. $75,000 anticipates closing on or before 30 days from the date of sale. A 45-day close is available at the discretion of the purchaser with a deposit of $100,000 in earnest money at the time of contracting. Lots are split however no survey will be completed. It is the Buyers responsibility to obtain a survey to determine specific boundary lines and exact acreage amounts if desired Taxes TBD Subject to existing pasture and hunting lease agreements, both the hunting and pastureland leases will terminate on December 31st, 2022. Tenants will have the right to remove their non-permanent items in a timely manner (weather dependent) after lease termination Any equipment and or infrastructure from historic oil/gas leases on the land is considered to be abandoned and will remain with the property. There is currently an oil production lease on the land including 5 active oil wells. The oil lease has been recently sold to a new operator and production since then has not resumed. All mineral rights held by the seller will pass with the real estate to the buyer. Tenant rancher is currently leasing the neighbor’s 1/4 section along with this property in the north east corner. There is currently no permanent fencing on the northeast boundary line between the two properties *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. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by 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 $75,000 for 30 day close/$100,000 for 45 day close.
MLS Number: 609677
Directions to the Elk City Undeveloped Acreage Auction
(Elk City) Hickory St & Montgomery Ave- West on Hickory St, South on County Rd 1500, West on County Rd 5200, continue West on Union Rd to Rd 27.