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Date(s)
5/6/2024 - 6/5/2024
AUCTIONEER INFORMATION
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A 5% Online Buyer's Premium will be added to the high bid at auction to determine the purchase price. Neither the Seller nor the Auction Company is responsible in the event of loss of signal or delay of signal by either side.


Information
Lot # 1
Group - Category Real Estate - Ag / Farm Land
Lead Farm #1 (160 +/- Acres - Water Shed Lake)
Description
- Located from the first intersection W. of Lucien (7 miles E. of Covington on SH 164), approx. 2/10 of a mile S. on CR 10 - 41 acres of productive cropland with a 35.50 acre wheat base & a 34 bu./ac. PLC yield (cropland lays mostly level & is easily tilled) - Balance of land is very scenic with good grass pasture, trees, an 11.61 +/- acre watershed lake (Black Bear Conservancy District), timber-lined West Warren Creek & a smaller pond (very scenic) - Outstanding livestock grazing & shelter, habitat for a bountiful wildlife population including Whitetail deer & Rio Grande turkey, & fishing & waterfowl hunting potential - Principle soil types of the cropland include Port silt loam, Class II; Kirkland-Renfrow complex, Class III; Grainola-Masham complex, Class IV; & Masham clay, Class VI - Perimeter & Cross Fences - Rural water runs along the E. side - Rocked road access Legal Description: The NE/4 of Sec. 25, Twp. 21N, R3 W.I.M., Garfield Co., OK '23 Taxes: were approx. $283.00.
Name 6/5 480 +/- Total Ac. (3 Farms), Garfield Co., OK
Auctioneer
Type Live Webcast Auction
Date(s) 5/6/2024 - 6/5/2024
Auction Date/Time Info
LIVE w/ONLINE BIDDING | Wednesday - June 5, 2024 - 10:00 A.M.
Preview Date/Time During Daylight Hours
Checkout Date/Time See Terms.
Location
Buyer Premium 5% Online Buyer's Premium
Description
480 +/- Total Acres (3 Farms) | Outstanding Livestock/Good Sm. Grain Land | Timber-Lined Creek w/Hunting Potential | Ponds Including an 11.6 +/- Acre Watershed Lake Lucien/Hayward/Covington Area, Garfield Co., OK AUCTION Wednesday June 5, 2024 10:00 A.M. Auction Location: Lucien Community Bldg., Lucien, OK Farm #1 (160 +/- Acres - Water Shed Lake) - Located from the first intersection W. of Lucien (7 miles E. of Covington on SH 164), approx. 2/10 of a mile S. on CR 10 - 41 acres of productive cropland with a 35.50 acre wheat base & a 34 bu./ac. PLC yield (cropland lays mostly level & is easily tilled) - Balance of land is very scenic with good grass pasture, trees, an 11.61 +/- acre watershed lake (Black Bear Conservancy District), timber-lined West Warren Creek & a smaller pond (very scenic) - Outstanding livestock grazing & shelter, habitat for a bountiful wildlife population including Whitetail deer & Rio Grande turkey, & fishing & waterfowl hunting potential - Principle soil types of the cropland include Port silt loam, Class II; Kirkland-Renfrow complex, Class III; Grainola-Masham complex, Class IV; & Masham clay, Class VI - Perimeter & Cross Fences - Rural water runs along the E. side - Rocked road access Legal Description: The NE/4 of Sec. 25, Twp. 21N, R3 W.I.M., Garfield Co., OK '23 Taxes: were approx. $283.00. Farm #2 (160 +/- Acres - Joins Farm #1 at SW/corner - Adjoining Gate) - Located ½ mile S. & ½ mile W. of Farm #1 - 84.70 acres of cropland with a 63.40 acre wheat base & a 34 bu./ac. PLC yield - Balance of the land is in grass pasture, trees, 2 sm. ponds, additional pond development potential, & timber lined West Warren Creek - Principle soil types of the cropland include Port silt loam, Class II; Renthin-Masham & Kirkland-Renfrow complex, both Class III; Grainola-Masham complex, Class IV; & Masham clay, Class VI - Good livestock land w/ a healthy wildlife population & hunting potential - Perimeter & cross fences - Sm. set of corrals - Shale road along the W. side; rocked county road along the S. side Legal Description: The SW/4 of Sec. 25 Twp. 21N, R3 W.I.M., Garfield Co., OK. '23 Taxes: were approx. $256.00. Farm #3 (160 +/- Acres) - Located from the 2nd intersection W. of Lucien (6 miles E. of Covington on SH 164), ½ mile N. on Champlin Rd./NS 310 - 53.95 acres of cropland with a 50.80 acre wheat base & a 34 bu./ac. PLC yield - Principle soil types of the cropland include Kirkland-Renfrow complex & Renthin-Masham complex, both Class III - Cropland lays mostly level, easily tilled - Balance of the land is in grass paster, trees, timber lined creek tribute, & 2 ponds - Again a good livestock farm with hunting potential - Loafing shed - Older water well - 5 wire perimeter fence - Rocked road along the E. side; county road along the S. side Legal Description: The SE/4 of Sec. 14, Twp. 21N, R3 W.I.M., Garfield Co., OK. '23 Taxes: were approx. $343.00. General Statements for Real Estate Order of Auction: Farms will be offered individually only. Possession: At closing, subject to the existing ag lease which expires upon completion of harvest of the presently growing 2023-2024 wheat crop or July 1, 2024, whichever is later. Crop: Does not sell. Minerals: No minerals are being sold or transferred with the surface. Wind Energy Ground Lease: Engie "New Moon Project" with revenue of approx. $1,000/yr./farm (checks are typically received in Aug.) According to Sellers, last check will be Aug. of 2025. Registration: All bidders are required to register with valid form of ID & acknowledge & agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, crop base, size, condition, etc. prior to auction day. Note: Announcements made day of auction take precedence. Contact Auction Managers, TJ Casteel or Vicki Wiggins Allen, at 580.336.7764 / 580.554.4400 for any additional information you may need. Visit WigginsAuctioneers.com for full details, pictures & online bidding! Seller: The Billy Dale Dotter Trust
1. I acknowledge that I have viewed or received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), Real Estate Purchase Contract, and Open Commitment for Title Insurance, if applicable. A copy of the packet is available for review at wigginsauctioneers.com within 24 hours of the auction, or a copy of the packet may be requested by emailing info@wigginsok.com. 2. I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction. 3. I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Real Estate Purchase Contract. 4. I have examined the Real Estate Purchase Contract and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing. 5. I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself as to any inspections, current condition, usability, etc. prior to bidding. 6. I understand that if I am the successful bidder, I agree to complete and sign the Real Estate Purchase Contract immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Real Estate Purchase Contract. 7. I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising. 8. I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 2.50 USD
100.01 - 250.00 5.00 USD
250.01 - 500.00 10.00 USD
500.01 - 1,000.00 25.00 USD
1,000.01 - 2,500.00 50.00 USD
2,500.01 - 5,000.00 100.00 USD
5,000.01 - 10,000.00 250.00 USD
10,000.01 - 25,000.00 500.00 USD
25,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 5% Online Buyer's Premium
Payment Terms
See Terms.
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