Solomon State Bank

Farm Real Estate Auction in 12th & Bridge, Clay Center Kansas, United States

26 Tuesday
March 26th, 2019 7:00 PM

Solomon State Bank

Farm Real Estate Auction in 12th & Bridge, Clay Center Kansas, United States

Tuesday at - 26th March , 2019

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Auction Items For Sale

FARMLAND AUCTION - TUESDAY, MARCH 26, 2019 at 7:00pm

746 ACRES Clay & Riley County Farmland offered in 6 tracts

Sale held at Catholic Parish Center

730 Court, Clay Center, Kansas

Click for sale bill & maps:  http://arrowprintco.com/claycountyland.html

Go to the bottom of this page for any additional information and updates.

Irrigation information shown after the pictures below.

GENERAL INFORMATION: These farms were recently acquired by an area bank and offer the opportunity to purchase good productive cropland in areas where land seldom changes hands. Visit www.arrowprintco.com/claycountyland or www.kretzauctions.com for soil maps, FSA photos and other information.

TRACT #1: SW/4 of 15-8-1E Clay County, less an improved tract. Good gravel access to northwest corner. 103.08 acres tillable (all open), balance good thick timber. Soil is primarily Muir Class I, Crete Class II and Geary Silt Loam Class III. 2018 taxes were $2,316.16 based on 151.2 taxable acres.

TRACT #2: 47.7 acres in E/2SW/4 of 18-8-3E, Clay County. Good accessibiltiy, only 2.5 miles from Clay Center city limits on good gravel 16th Road. Would be an excellent building site. Property sells with an existing well. 36.41 acres tillable (all open), balance grass and timber. Soil is primarily Muir Silt Loam Class I, Geary Silt Loam Class II, Geary Silt Loam Class III and Crete Silt Loam Class II. 2018 taxes were $812.18 based on 47.8 taxable acres.

TRACT #3: 81.3 taxable acres in SE/4 of 28-8-3E, Clay County. An outstanding irrigated farm with 700 gallon well with senior water rights. Sells with 2006 Valley irrigation system. Farm is subject to some flooding from Republican River. 80.12 acres tillable (all in wheat). Soil is primarily Muir Silt Loam Class I and Eudora Loam Class I. 2018 taxes were $3,279.84 based on 81.2 taxable acres.

TRACT #4: SE/4 of 20-8-4E, Clay County. New fence on north, east and south boundary lines. Good blacktop along east boundary line and gravel along south boundary line. 129.8 acres tillable (all open), 9.8 acres waterways, 10.8 acres good thick timber. Soil is primarily Crete Class III & IV and Muir Class I. 2018 taxes were $2,630 based on 155.8 taxable acres.

TRACT #5: NW/4 of 28-8-4E, Clay County. Farm has 2 12,000 bushel bins, a 50 x 150 cattle shed with a 20 x 150 lean-to, feeding facilities and 20-year old irrigation system with good surface water rights. Also includes 20 year old 40 x 50 Quonset shed with concrete floor. Excellent building site location. Miscellaneous iron on property will be removed by closing date of May 16th. Newer fence on East and West boundary lines. 114.74 acres tillable (63 acres irrigated and in wheat, balance open), 39.21 acres grass and waste. Soil is primarily Muir Silt Loam Calss I and Crete Silt Loam Class II. 2018 taxes were $3,339.28 based on 154.3 taxable acres.

TRACT #6: NW/4 of 26-8-4E, Riley County. Good gravel access to northwest corner. Pond in northwest corner needs work. Modest pond in southeast corner. 96.67 acres tillable (all open), balance grass, meadow & timber. Cropland is primarily Wymore Silty Clay Loam Class II. 2018 taxes were $1,858.66 based on 155.6 taxable acres.

RECREATIONAL POSSIBILITIES: Several of these tracts to be sold feature good thick timber. Are you tired of asking landowner's permission to hunt turkey and deer.....give these tracts a look. Several of these tracts have enough firewood to last for generations.

POSSESSION:  Open ground: Immediate  Grass & Timber: Immediate   Wheat Ground: After 2019 wheat harvest. Buyer to receive $50.00 per acre cash rent credit at closing based on planted wheat acres.

TERMS AND CONDITIONS: 10% due day of sale, with balance due May 16th, 2019. If for some reason title conveyance cannot be completed by May 16th, 2019, buyer to pay 10% per annum interest on unpaid balance from May 16th until date sale is closed.

2018 real estate taxes and prior years paid by the Seller. Title Insurance will be used with the cost split equally between Buyer and Seller. Clay County Abstract & Title will serve as Closing Agent. All mineral rights owned sell with the property. Property is selling "as is" with no guarantees or waranties made by seller.

Announcements made at the auction to take precedence. All information given is from sources deemed reliable but not guaranteed. Property is selling subject to easements, restrictions and reservations if now existing. Auction company is representing the seller in this transaction.

FINANCING: 85% of purchase price financing available to qualified buyers. If interested contact Dennis or Kirk at Solomon State Bank #785-655-2941.

SALE CONDUCTED BY: 

CLAY COUNTY REAL ESTATE

Greg Kretz, Salesman & Auctioneer

Cell Phone: (785) 630-0701

SELLER:    Solomon State Bank

 

Additional Comments, Changes & Corrections

Tenative sale order:     Tract 3, Tract 1, Tract 5, Tract 2, Tract 4, Tract 6

Tract 1: 103.08 acres tillable should be 101 acres tillable. 

Tract 2: No updates.

Tract 3: The new buyer will not get the $50 per acre cash rent on the wheat but instead will be given the entire wheat crop to do with as they please. It can be torn up and planted to corn or other crops or harvested with the buyer to keep 100% of the wheat and any other crops. The wheat can be irrigated if desired. Irrigation information is attached below. Water rights were granted in 1955. There are 178 acre feet of water available. The well can be pumped at 650gpm. The Eudora soil is listed as Class 1 but is actually Class 2.

Tract 4: if desired the new buyer can request an appraisal whose cost will be shared with the seller. The seller agrees to pay 1/2 of any survey costs with the seller's share not to exceed $1,000. For example if the survey costs $1,200 the buyer and seller will each pay $600. If the survey cost $2,200 the seller will pay $1,000 and the buyer will pay $1,200. If the buyer and adjoining landowner, Mark Leidig can agree on the line then the seller could opt not to do a survey.

Tract 5: The new buyer will not get the $50 per acre cash rent on the wheat but instead will be given the entire wheat crop to do with as they please. It can be torn up and planted to corn or other crops or harvested with the buyer to keep 100% of the wheat and any other crops. The wheat can be irrigated if desired. Irrigation information is attached below. All iron and tires will be removed from the property by the May 16th closing date. Nothing will be burried on the property. There is a diesel irrigation engine and pump which go with the property. Both were under water during the recent high water. No guarantees are made regarding these items. The irrigation rights along Mall Creek will be explained at the auction. Additional irrigation information is attached below. The eudora soil is listed as Class 1 but is actually Class 2.

Tract 6: There is no gravel access to the farm's northwest corner from the south. The gravel stops about 1/8th mile south of the southwest corner. The Wymore (Wo) soil with a 1 to 4% slope is Class 3 rather than Class2.