Stout Irrigated Auction

Rocking X Land Co.

 

Date(s) 2/22/2021 - 2/25/2021

Internet only Bidding Opens February 22 8:00 AM MTN and closes February 25 1:00 PM MTN With 5 minute soft close.

Past Auction
Online-Only Auction
Bidding Notice:

Sale shall not be contingent on financing

Auction Information
Name Stout Irrigated Auction
Auctioneer
Type Online-Only Auction
Date(s) 2/22/2021 - 2/25/2021
Auction Date/Time Info
Internet only Bidding Opens February 22 8:00 AM MTN and closes February 25 1:00 PM MTN With 5 minute soft close.
Preview Date/Time 1/21/2021-2/25/2021
Checkout Date/Time Closing March 24, 2021
Location
Buyer Premium NA
Description
Kit Carson County Colorado Irrigated land auction E2 of Section 11-T8S-R44W less a tract of 9+/- acres consisting of 310+/- acres farmland with 235.27 acres of irrigated with 81% base, located very close to local commodity markets including elevators and feed lots throughout Kit Carson and Yuma County. Currently subject to an annual cash lease with 100% of the 2021 payment going to the buyer. The Tenant owns the center pivots as well as the irrigation engine and is not included with the sale of the property.
310± Deeded acres farmland Legal: E2 Section 11 less a tract of 9± acres, Township 8 South, Range 44 West TERMS AND CONDITIONS Bidding to open: February 22, 2021 and shall not end prior to February 25, 2021 with soft close. Register to bid at www.rockingxland.hibid.com Auctioneer recommends registering prior to open of bidding. Terms of Sale: 10% down at conclusion of auction, with the balance to be paid on or before March 24, 2021. Cashiers check or wire checks are acceptable down payment with the final payment to be certified funds. All funds will be held by the auction company trust account. Bidding shall not be contingent upon financing, should financing be required it shall be arranged prior to auction. No Buyer (s) Premium Manner of Sale: Tract will be auctioned individually only. Auction procedure and increments of bidding to be determined by auction company. Bidding is not contingent upon financing; all financing shall be arranged prior to auction. Soft close at conclusion of auction. Mineral Rights: No minerals shall pass with surface rights Closing: Buyer may close as soon as closing documents are prepared - No later than March 24, 2021. Closing Agent: Kit Carson County Abstract Co. shall be the closing agent, location of closing to be 1451 Senter Ave, Burlington, CO. Closing fee shall be split 50/50. Possession: Property currently Subject to cash lease through 2021 harvest with 100% of landlords share going to the buyer. Real Estate Taxes Only: Taxes for 2021 will be prorated to date of close. Acceptance of Bids: Each successful bidder will be required to enter into a Colorado Real Estate Sales Contract immediately following the auction. Contract will be available for review prior to sale. Evidence of Title: Seller will provide title insurance to the buyer in the amount of the purchase price. Premium to be paid by seller. Title evidence will be provided prior to sale. Title shall transfer with a special warranty deed Acreages: Acreage figures are considered to be approximate and are from reliable sources based on County Assessed Acres. All FSA information is subject to change. Assessed acres may not be the same as deeded acres. No warranty is expressed or implied as to exact acreages of property. All bids are for the tracts without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and /or stated at the auction. Inspections: All buyers (bidders) shall be responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither seller or Rocking X Land Co. Ltd., agents of, or representatives, are making any warranties about the property either expressed or implied. Statements, while not guaranteed, are from reliable sources. Easements: This sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any. Estimated 2020 Taxes: $1,276 Property Tax & $3,349.50 Republican River Water District Fees ¬¬Agency: Rocking X Land Co. Ltd., its agents and representatives are the exclusive agents of the seller. REGISTER PRIOR TO AND BID AT WWW.ROCKINGXLAND.HIBID.COM *All bidders must be approved by the auctioneer prior to the auction
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 25.00 USD
Currency USD
Buyer Premium NA
Payment Terms
10% down within 36 hours of auction conclusion wire or certified funds, balance of funds due at closing.
NA
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.