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Very Successful Land Auction for Norma W. Spady Family Trust. Sold for $1,850,000.

  • Gravity Irrigated

Auction Date: October 28, 2021 at 2:00 pm CST
Auction Location: Wilcox Lions Hall, 108 South Main Street, Wilcox, NE
Notice: UNDER CONTRACT
Description: Thursday, October 28, 2021 at 2:00 p.m. (CST) - Wilcox Lions Hall, 108 South Main Street, Wilcox, Nebraska  
Location:

Farm is located 2 miles north of Wilcox, NE on Highway 44.

Terms:

This cash sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the Auction. Balance of the purchase price is payable in certified funds at Closing, on or before January 7, 2022. There is no contingency for financing. Sellers to convey title by Trustee’s 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 Absolute Auction.

Legal Description:

SE1/4 Section 18-T5N-R16W of the 6th P.M., Kearney County, Nebraska

Acres: 157.62
Possession: Full possession at Closing
Taxes: 2020 RE Taxes - $7,496.58
Seller: Norma W. Spady Family Trust
Farm Service Agency Information:

154.45 FSA cropland acres with 149.5 acres corn base @ 177 bu/acre; and 1.5 acres soybean base @ 57 bu/acre. All cropland is considered non-highly erodible by the NRCS

Water Rights:

155.66 certified irrigated acres. Well registrations: #G039193, depth 246ft, 1,050 gpm and #G039194, depth 248ft., 600 gpm.

Irrigation Equipment:

2 Western Land Roller pumps, 100hp Amarillo gearhead, 125hp D’Ran gearhead. NATURAL GAS POWER UNITS DO NOT SELL WITH PROPERTY.

Soils:

Cropland soils consist primarily of Class I & II Holdrege, Hord & Butler silt loams.

Internet Online Bidding:

To qualify as a bidder, first complete a required phone interview with Agri Affiliates, then setup an account, username, and password in online bidder platform. Final approval as a bidder must be completed 48 hours prior to the auction.

Comments:

Cropland soils consist primarily of Class I & II Holdrege, Hord & Butler silt loams.