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Grantham Dryland – Referee Auction

  • Non-Irrigated Cropland

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Auction Date: February 10, 2021 at 1:00 pm MST
Auction Location: Chase County Fairgrounds
Notice: SOLD! - $840,000
Description: 480 acres of excellent dry cropland located in NW Chase County Nebraska.  This property has excellent Class II soils, has been well cared for by the operator, and would be a very productive farm to own.  Property to be offered as Parcels 1 & 2 and a combination of 1 & 2 and then Parcel 3 will be offered separately. Parcels 1 & 2 have County Rd. 746 access along the south border. Parcel 3 has historical trail road access on the south boundary. To view the live auction click "HERE"  
Location:

From Imperial, NE, west 14 miles on Hwy. 6 then north 7 miles on 318 Ave. and 2 miles west on Road 746 to the southeast corner of Parcel 2.

Terms:

Terms - This cash sale requires a 10% earnest deposit at signing of the Purchase Agreement immediately following the auction. Balance of the purchase price payable in certified funds upon confirmation of the sale by the District Court and delivery of the Referee’s Deed at closing. There is no contingency for financing. Seller to convey title by Referee’s 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 Referee/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.
Legal Description:

Parcel 1: SW1/4 Sect. 22-T8N-R41W of the 6th P.M. Chase County, NE
Parcel 2: SE1/4 Sect. 22-T8N-R41W of the 6th P.M., Chase County, NE
Combination: Parcel 1 & 2
Parcel 3: SW1/4 Sect. 13-T8N-R41W of the 6th P.M., Chase County, NE
Possession: Upon closing as confirmed by the court, approximately March 10, 2021. Closing must occur within 21 days of court approval.
Taxes: Parcel #1 - 160 tax assessed acres - 2019 taxes paid in 2020 estimated to be $1,400. Parcel #2 - 160 tax assessed acres - 2019 taxes paid in 2020 estimated to be $1,490. Parcel #3 - 160 tax assed acres and 2019 taxes payable in 2020 - $1,372.94.
Acreages:

No warranty is expressed or implied as to exact acres included in the parcel. Legal description is subject to existing fence and field boundaries.
Seller: Court Appointed Referee
Minerals:

All owned oil, gas, and mineral rights pass to Buyer.
Land Use:

Parcel 1: 159.3 FSA acres dry cropland
Parcel 2: 154.5 FSA acres dry cropland & 4.77 acres old building site
Parcel 3: 161.9 FSA acres dry cropland
Soils:

All 3 parcels have excellent terrain and very productive Class II Mace, Alliance and Kuma Silt Loam soils.
FSA Bases:

Parcel 1 & 2 are presently combined. FSA shows 111.53 ac. wheat base @ 37 bu. PLC yield; 27.48 ac. corn base @ 144 bu. PLC yield and 27.61 ac. grain sorghum @ 45 bu. PLC yield. These Bases will be divided by FSA if parcels 1 & 2 sell separately.

Parcel 3 shows 57.69 ac. wheat base @ 37 bu. PLC yield; 14.21 ac. corn base @144 bu. PLC yield and 14.28 ac. grain sorghum @ 45 bu. PLC yield.

Access:

Parcels 1 & 2 have County Rd. 746 access along the south border. Parcel 3 has historical trail road access on the south boundary.
Real Estate Taxes:

All 2020 Taxes Paid buy Seller. All 2021 Taxes to be paid by Buyer.
Comments:

The property is being farmed in a cropping system of winter wheat to corn to fallow. This property has excellent Class II soils, has been well cared for by the operator, and would be a very productive farm to own.