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M. Lemon Estate – Absolute Auction

  • Irrigated Cropland
    Range/Pastureland
    CRP/CREP

Auction Location: Hayes County Fairgrounds - Hayes Center, Nebraska
Notice: SOLD! - $790,000
Description: Real Estate Absolute Auction for the M. Lemon Estate. The Purchase Agreement and Title Insurance Commitment are available through Agri Affiliates prior to the auction. Pivot Irrigated - Rangeland - CRP
Location:

Property is located 9 miles SW of Hayes Center, 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 March 27, 2020. There is no contingency for financing. Seller to convey title by trustee’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 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. This is an Absolute Auction.

Legal Description:

E1/2 Section 22 (except a surveyed tract); All Section 23 (except a surveyed tract); all in T6N-R34W of the 6th P.M., in Hayes County, Nebraska (There are 118 excluded surveyed acres)

Acres: 827
Possession: at Closing
Taxes: 2019 RE Taxes estimated to be $9,365 paid by Seller, all 2020 Taxes paid by Buyer
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: Margie Lemon Estate
Minerals:

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

NRD:

Property is located in and subject to the rules and regulations of the Middle Republican Natural Resources District and contains 275.7 certified irrigated acres.

Equipment:

Pivots consist of 1-10 Tower Gifford Hill and 1-8 tower Gifford Hill. 250HP GE electric motor, and one well with Western Land Roller Pump.

Irrigation Info:

Well Reg: G-102193; Well Depth: 431 ft.; 1000 gal/min.

Grass:

Approximately 240 total acres of grassland with approx. 217 acres fenced. No current water source available for livestock watering.

CRP:

Approximately 280.7 acres of CRP. CRP contract #494A, expires in 2020 with a rental rate of $43.87 per acre.

Internet Bidding:

To qualify as a bidder, first complete a required phone interview with Agri Affiliates, then set up an account, user name, and your password at www.proxibid.com/agri. Your final approval as a bidder must be completed 48 hours prior to the auction. Successful internet Buyer pays 1% commission to Proxibid, up to $5,000 total per tract. Anyone may view the auction at www.proxibid.com, without registration. Click “Real Estate” then “Agri Affiliates”; then select the auction to view.

Comments:

Both pivots run at the same time, sprinkler package on both pivots are I-wobs on top of the pivot. There is separate mainline pipe going to each pivot. Excellent hunting potential with good county road access.