Fantastic property providing recreational and income opportunities!
Excellent Deer Hunting! Productive Farmland!
Legal Description: S 1/2 of SE 1/4 of Section 25, Township 28 North, Range 1 West, Kay Co., OK.
Direction to Property: From Hwys 177 & 11 on the east side of Blackwell, OK; go 2 miles east on Hwy 11 to P Street, then, 4 miles north on P Street to the southeast corner of the property. NW corner of P Street and Dry Road intersection.
Acreage Information: Approximately 80 total acres with 44.69 cropland acres and 33.98 timber and grass acres.
FSA Data: 78.67 crop farmland acres/44.69 cropland acres/33.98 pasture acres. Wheat base 44.69 acres with PLC yield of 38 bushels.
Mineral Information: Seller will retain all owned minerals.
Real Estate Taxes: 2023 real estate taxes were $257. 2024 real estate taxes will be prorated to day of closing.
Agency: KW Partners and KW Land Pros Group and their representatives are acting as agents of the Sellers.
Bidding: Bidding will be by the acre with a minimum of $50 per acre increments. Final sales prices will be final bid times 80 acres.
Approval of Bids: Final bid is subject to reserve sales price being met. Auction Company and Auctioneer reserve the right to reject any bids deemed questionable.
Sale Method: Property will be sold by the acre in one tract consisting of approximately 80 acres. All bids are open for advancement until the highest bid is achieved and the auction company announces that bidding is closed. A two minute "soft close" will be utilized so any bid submitted in the final two minutes of the regular auction will cause the auction to be extended for as long as bidding is active. The bidding will end once there are no bids submitted for two minutes during the "soft close" period.
Earnest Money: A 10% earnest money deposit will be required from the successful bidder when the bidding concludes and a real estate contract is executed. Payment may be in the form of a personal check, company check or wired funds. Funds will be deposited with Security Title Services of Ponca City or a closing agent of the buyer’s choice.
Closing Agent: Security Title Services of Ponca City, OK or a closing agent of the buyer’s choice.
Contract & Title: Immediately upon conclusion of the auction, the successful high bidder will enter into a real estate contract via an electronic or faxed copy and will deposit the required earnest money with the closing agent. Buyer agrees that an electronic or faxed signature is considered as authentic. The cost of title insurance and escrow services will be split equally between buyer and seller at closing. Title will convey by Personal Representative’s Deed.
Financing: THIS IS A CASH SALE ONLY AND IS NOT SUBJECT TO BUYER FINANCIING.
Possession: Property is not currently leased. Possession will be upon successful closing.
Closing Date: April 10, 2024 is the anticipated closing date which is subject to change only by agreement of both parties. The balance of the purchase price will be payable at closing with cashier's check or wired funds at the discretion of closing agent listed above.
Conditions: The property is being sold "AS IS/WHERE IS" with no guaranties or warranties, either expressed or implied by the Seller(s), or KW Partners or KW Land Pros Group. Property is selling subject to all easements, covenants, restrictions of record and leases. Bidders are responsible for conducting their own due diligence including but not limited to property inspections and inquiries concerning the property. Title will be conveyed by Personal Representative's Deed.
Announcements: Information contained herein is deemed reliable from other sources but the auction company nor Seller(s) make any guarantees or warranties as to its accuracy. All bidders are encouraged to inspect the property and conduct their own due diligence and rely on their own conclusions prior to bidding. Any and all announcements by the auction company prior to the conclusion of auction take precedence or any previously printed or verbal statements. The auction company reserves the right to preclude any person or persons from bidding if there is any question as to the person's credentials or fitness to bid. The auction company is not responsible for any bidder(s) technical issues or failure of internet service.
Seller(s): Estate of Shirley Patten
Blackwell, Oklahoma 74631
United States
There are no bids for the lot at this time