Excellent Home Site Potential with 50 acres productive cropland and bonus recreational potential.
Legal Description: S 1/2 of SW 1/4 of Section 8, Township 32 South, Range 5 East, Cowley County, Kansas
Direction to Property: Approximately 3 miles east of Winfield, KS on Hwy 160 to 131st Road, then, 2 miles north on 131st road to the SW corner of the property.
Acreage Information: 50 acres of cropland and approximately 30 acres of timber/pasture. Fully accessible along west edge of property with county road and south edge of property with low maintenance county road.
FSA Data: Farmland 77.57 acres. Wheat Base Acres 37.51 with 30 bu/ac PLC yield, Oat Base Acres 1.6 with 45 bu/ac PLC yield.
Mineral Information: All seller owned minerals will convey to buyer. Minerals are believed to be intact.
2022 Taxes: $573. 2023 taxes will be prorated to day of closing.
Agency: KW Partners and KW Land and their representatives are acting as agents of the Sellers.
Bidding: Property will be sold as total dollars for the entire acreage and not by the acre. Minimum bidding increment will be $1000 advancements.
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 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 First Title of Winfield, Kansas.
Closing Agent: Security First Title of Winfield, Kansas
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: Sale is subject to current tenant leases. Buyer will receive 1/3 of growing soybean crop and possession of the crop acres after harvest. There will be some herbicide expense to buyer at closing. Buyer will receive right of indemnity of crop insurance and will pay that premium at closing. Possession of hay and pasture acres will be November 1, 2023.
Closing Date: Anticipated closing date is July 28, 2023 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 Security First Title.
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. 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): Merecedes Dunbar, Floyd Wayne Garber, David Allen Garber
United States
There are no bids for the lot at this time