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Callaway Farm & Range Real Estate Auction

  • Range/Pastureland
    Irrigated Cropland
    Residential

Auction Date: March 27, 2018 at 1:00 pm Central
Auction Location: Callaway Community Center; Callaway, NE
Notice: Sold - $650,000
Description: 446 acres located 3 miles northwest of Callaway, Nebraska. Property includes 387 acres rangeland, 37 acres pivot irrigated cropland, 11 acres dryland and a 10 acre building site with a 3 bedroom home and small cattle feeding lot. Offered at Public Auction on Tuesday, March 27th, 2018 at 1 PM; Callaway Community Center in Callaway, Nebraska.
Terms:

This cash sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the auction. Balance of the purchase price payable in certified funds at Closing on or before April 30, 2018. There is no contingency for financing. Seller will convey title by Warranty Deed; with Title Insurance evidencing merchantable title. Cost of the Title Insurance and an Insured Closing by the Title Company will be shared 50/50 by Seller/Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens. The property sells in “as-is” condition; No warranty is expressed or implied as to the adequacy of any portion of the property. Absolute Auction

Legal Description:

N1/2 and that part of the S1/2 lying north and east of the county road in Sec 32-T16N-R23W of the 6th P.M., Custer County.

Possession: Full possession at Closing.
Taxes: 2017 real estate taxes paid by Seller; all 2018 by Buyer.
Acreages:

Reported acreages were obtained from the County USDA-FSA office, and County Assessor. No warranty is expressed or implied as to exact acres. The legal descriptions are subject to existing fence and field boundaries.

Seller: Cory & Mindy Peterson
Features:

Callaway Farm & Pasture is located 3 miles north & west of Callaway on Lower Powell Canyon Road, off oiled Arnold-Callaway River Road.
This is an Absolute Auction.
Legal Description - N1/2 and that part of the S1/2 lying north and east of the county road in Sec 32-T16N-R23W of the 6th P.M., Custer County.
Tax assessed acres - 446.03 acres; 2017 taxes $5,678. Assessed as 11.7 acres dry cropland, 37.0 acres irrigated cropland, 387.4 grass, 10 acres building site and roads.
Rangeland - Cross-fenced into 3 pastures; two windmills plus 4 tire tanks on pipeline (installed in 2016). Good grass cover and condition; 3, 4, and some new 5 wire fence.
Irrigation - Property has 37.0 Certified Irrigated Acres in the Lower Loup NRD; well registration G-015675. Tested 1,000 gpm; static 18 ft; pumping 34 ft; well depth 160 ft. Includes 6 tower Hygromatic center pivot with Valley conversion, 454 Chevy LP power unit, generator, turbine pump.
Soils - Typical Uly-Coly-Hobbs silt loams for rangeland; mainly Hord silt loam, Class I or II for irrigated cropland.
Buildings - Older 3 Bedroom Home, 1,272 sqft; 3 feeding pens with 1,080 ft concrete bunk with apron, working pen & load-out. Property has 2 rows (1,000 ft each) of newly planted windbreak trees with drip system.