SOLD! – RECORD Prices for the Area! | LAND AUCTION | KOENIG BROS | Thursday, February 17, 2022
Non-Irrigated Cropland
Parcel 1: NE corner of quarter is at the intersection of County Road 59 & County Road 18. Sedgwick County, CO
Parcel 2: NE corner of quarter is at the intersection of County Road 314 and county Road 764. Perkins County, NE
Parcel 3: SW corner of quarter is at the intersection of County Road 315 & County Road 767. Perkins County, NE
PROCEDURES
Real Estate Land Auction with Seller’s Reserve for Koenig Bros. The property will be offered in 3 parcels. The Purchase Agreement and Title Insurance Commitment are available from Agri Affiliates prior to the auction.
TERMS & CONDITIONS
Terms - This cash sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the Auction. The balance of the purchase price is payable in certified funds at Closing, on or before March 10, 2022. There is no contingency for financing. Sellers to convey title by Warranty Deed; with Title Insurance evidencing merchantable title. Cost of 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. Auction conducted as an Seller’s Reserve Auction.
Parcel 1: NE1/4 Sec. 11-T10N-R43W, of the 6th P.M., Sedgwick County, CO
Parcel 2: NE1/4 Sec. 28-T11N-R41W of the 6th P.M., Perkins County, NE
Parcel 3: SW1/4 Sec. 2-T11N-R41W, of the 6th P.M., Perkins County, NE
No warranty is expressed or implied as to exact acres included in the parcels. Legal description is subject to existing fence and field boundaries.
Parcel 1: 162.88 acres; 2021 taxes payable in 2022 - $600.16
Parcel 2: 160.78 tax-assessed acres; 2021 taxes payable in 2022 - $1,512.88
Parcel 3: 160.43 tax-assessed acres; 2021 taxes payable in 2022 $1.496.22
Parcel 1: 159.07 FSA acres dry cropland
Parcel 2: 157.24 FSA acres dry cropland
Parcel 3: 157.45 FSA acres dry cropland.
Est - Parcel 1: Wheat base - 94.33 ac. @ 38 bu/ PLC; Corn Base - 64.74 ac. @ 118 bu. PLC
Parcel 2: Wheat base - 78.75 ac. @ 48 bu. PLC; Corn base - 19.74 ac. @ 84 bu. PLC
Parcel 3: Wheat base - 157.60 ac. @ 48 bu. PLC; Corn base - 39.50 ac. @ 84 bu. PLC
Parcel 1: Almost entirely Class II soils with 0-3% slopes. Richfield loam, Rago and Kuma silt loams, Keith, Goshen, Keith-Kuma Silt loams.
Parcel 2: Mostly Class II soils; 60% Kuma silt loam, 0-1% slope, 27% Satanta loam 1-3% slope and 12% Class III Rosebud loam.
Parcel 3: 85% Class II soils with 0-3% slopes, to include: Satanta loam, Kuma silt loam, Class III Rosebud-Canyon loams and Lodgepole silt loam
Parcel 1: Access provided by County Road 59 on the east boundary of the parcel.
Parcel 2: Access off County Road 314 on the east side of the parcel.
Parcel 3: Access off County Road 767 that is the southern boundary of the parcel.
Parcel 1: Excellent quarter section with great soils & level terrain. All in wheat stubble, sprayed and ready to plant to corn in 2022.
Parcel 2: Nearly level quarter with great soils, entirely wheat stubble, sprayed and ready to plant to corn in 2022.
Parcel 3: Parcel is entirely in growing wheat and 100% of wheat crop shall pass to buyer. Buyer will pay at closing $2,104.00 to assume RCIS wheat crop policy. Wheat policy is 157.5 planted acres at 50 bu./ac. APH at 75% level. Policy has 37.5 bu./ac. guarantee @ $7.10/bu. Or $266/ac. and a total of $41,934 indemnity coverage.
