02/29/2024 - BARRETT LAND AUCTION (Tract #2: 156.69+/-ac in Lyon Co)
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SELLER: Marjorie Barrett Rev Trust
AUCTION DATE: Thursday, 02/29/2024 at 6:00pm |
AUCTION LOCATION: The Olpe Chicken House, 8 E State Road 99, Olpe, Kansas 66865
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TRACT #2: 159.69 +/- ac in Lyon Co
DIRECTIONS: Located between Emporia and Olpe, go 4.0 mi south of Emporia on HWY-99 to Rd 120, turn east and continue for 2.0 mi to Road N, turn south and continue for 0.5 mi to the NE corner of the property.
2023 TAXES & MINERALS: $1,630.24 (There is no production and seller’s minerals rights will transfer to the buyer)
BRIEF LEGAL: The SE/4 less ROW of Sec 12, Twp 20, Rge 11E of the 6th PM, Lyon Co, KS
DESC: Whether you are an ag producer, an investor or a hunter looking for a property with income, this property checks all the boxes. This secluded quarter offers tillable farmland, pasture, and a ton of recreational opportunities! The county shows 159.69 total acres with 82.32 dry land acres and 77.37 grass acres. The tillable acres consist of 73% class 2 soils and 27% class 3. The grass acres have an approx. 39 acre pasture on the north with 2 ponds and average to above average fence. The balance is in waterways, timber and creek. There is access to the NE and SW corners of the property, but no road frontage, creating a ideal environment for wildlife. Coal Creek is lined with heavy timber and runs throughout the south of the property. We saw a ton of wildlife on this property, including turkeys, quail, and lots of whitetail bucks. The combination of recreational value and income from the cropland makes this a very attractive property to invest in!
DIRECTIONS: Located between Emporia and Olpe, go 4.0 mi south of Emporia on HWY-99 to Rd 120, turn east and continue for 2.0 mi to Road N, turn south and continue for 0.5 mi to the NE corner of the property.
2023 TAXES & MINERALS: $1,630.24 (There is no production and seller’s minerals rights will transfer to the buyer)
BRIEF LEGAL: The SE/4 less ROW of Sec 12, Twp 20, Rge 11E of the 6th PM, Lyon Co, KS
DESC: Whether you are an ag producer, an investor or a hunter looking for a property with income, this property checks all the boxes. This secluded quarter offers tillable farmland, pasture, and a ton of recreational opportunities! The county shows 159.69 total acres with 82.32 dry land acres and 77.37 grass acres. The tillable acres consist of 73% class 2 soils and 27% class 3. The grass acres have an approx. 39 acre pasture on the north with 2 ponds and average to above average fence. The balance is in waterways, timber and creek. There is access to the NE and SW corners of the property, but no road frontage, creating a ideal environment for wildlife. Coal Creek is lined with heavy timber and runs throughout the south of the property. We saw a ton of wildlife on this property, including turkeys, quail, and lots of whitetail bucks. The combination of recreational value and income from the cropland makes this a very attractive property to invest in!
DOCUMENTS:
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MAP - Tract #2
VIDEO - Tract #2
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PHOTO GALLERY
WEBCAST / ONLINE BIDDING
PRE-BIDDING OPEN 02/22/2024
Webcast Bidding available with the Live Auction on Thursday, 02/29/2024 at 6:00pm
CLICK BELOW TO BID ONLINE (Click on the link below to start bidding online):
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Bids will not be accepted online if you have not completed your registration 48 hours before the start of the auction, including a letter of credit or a guarantee from a credible financial institution before being approved to bid online. Deadline to register and provide this information to our office is 5:00pm CST on Tuesday, 02/27/2024. Pre-bidding will open on Thursday, 12/22/2024 at 11am. Call Chuck Maggard at 620-794-8824 if you have questions.
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TERMS: Earnest money due day of the auction: Tract #1 - $25,000.00, Tract #2 - $50,000.00, Tract #3 - $25,000.00, Tract #4 - $25,000.00, Tract #5 - $15,000.00 made payable to Lyon County Title. The balance will be due in full at closing which shall be on or before Thursday, March 28, 2024, at which time buyer will receive appropriate Deed. Owners Insurance Title Policy and title company closing fees will be shared 50/50 between buyer and the seller. Seller will pay for 2023 and all prior years taxes. The buyer will receive full possession at time of closing on Tracts #1, #2, #4, #5. Early possession will be discussed to qualified buyers for preparing for the 2024 season. On Tract #3, buyer will receive possession of the grass at closing, and will receive possession of the cropland after the harvest of the wheat. Buyer will receive the 2024 wheat rent, be responsible for the owners share of the fertilizer, and be responsible for all of the 2024 taxes. Seller’s mineral rights will transfer to the buyer, there is no production. All inspections must be done prior to the auction. The property is sold in “as is” condition, with no warranties or guarantees. Buyers must rely on their own knowledge or have inspections completed prior to the auction. All financing arrangements need to be made prior to the auction. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection. Properties are being sold with seller confirmation. Each tract will be sold individually, tracts will not be offered in combinations. All information has been gathered from Lyon Co and Coffey Co sources and is deemed reliable but is not guaranteed. Boundary lines on maps, photos and videos are approximate and not survey accurate. All announcements made day of the auction take precedence over any advertisements.
OPTIONAL ONLINE BIDDING: This will be a live/simulcast auction with pre-bidding available via internet prior to sale time. At 6:00PM on February 29, the auction will close at live auction with internet bidding available through HiBid, call for details and see additional terms online.
OPTIONAL ONLINE BIDDING: This will be a live/simulcast auction with pre-bidding available via internet prior to sale time. At 6:00PM on February 29, the auction will close at live auction with internet bidding available through HiBid, call for details and see additional terms online.
