Sullivan 300
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Start Time:5/1/2024 1:00:00 PM
End Time:5/2/2024 6:00:00 PM
Bid Count:0
Current High Bidder:
Starting Bid:$1,000.00
Bid Increment:$50.00
Current Bid:$0.00x 300

Excellent hunting with spring water sources!   CRP Income! Well managed native grass!   Beautiful Rolling Terrain!

Legal Description:  East 1/2 of Section 30, Township 12 South, Range 15 West, except approximately 13 acres in the NE corner, Russell County, Kansas.

Direction to Property:  From Russell, Kansas, go west 8 miles on Old Highway 40 to 177th Street.  Travel north 6 miles on 177th Street to Dam Road.  Then, travel east 1 mile to the Southeast corner of the property.

Acreage Information:  300 total acres will be sold at this auction. Consisting of CRP acres, creek bottoms, waterways, trees and grasslands.

FSA Data: Approximately 242 acres of CRP expiring in 2030.  The contract is currently 246.7 acres, however, approximately 5 acres of CRP will be deducted upon surveying out approximately 13 acres in the far NE corner of the property.  Estimated annual CRP payment after the survey is approximated at $7800 after FSA reconstitutes the CRP acres and contract.  Balance of approximately 60 acres is native grass.

Mineral Information:  Mineral rights will be reserved by the seller for a period of twenty (20) years and for as long thereafter as active production exists.  Mineral right pass to the surface owner of record once production does not occur for a period of twenty years.  The property has never had mineral production.

Real Estate Taxes:  $2206.32

 

 

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 timesn300 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 in one tract consisting of 300 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 

Closing Agent:  Security 1st Title of Russell, KS 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 stated above.  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.

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:   June 3, 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.

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.

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): Carol Jean Strecker Sullivan Living Trust

 

 

Gorham, Kansas 67640
United States

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