3
Combination 1 (1A, 1B, 1C, 1D & 1E( 624 Ac)
Currency:USD
Category:Real Estate
Start Price:905,000.00 USD
NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2007 Mar 27 @ 10:30UTC-7 : PDT/MST
COMBINATION 1 (PARCELS 1A, 1B, 1C, 1D, & 1E) - PIVOT IRRIGATED/GRAIN STORAGE - 624 +/- ac;
R/E taxes: $8,726.98; 518.5 ac pivot irr, 105.5 ac grass corners/rds/waste; 4 pivots, 4 wells & pumps; 384.4
ac FSA corn base and 95.5 ac FSA wheat base; 522.4 NRD certified ac w/2007 beginning allocation of 33.21
in; 90,000 bu grain storage. Sub L/S well w/3 tanks via underground pipeline; Mature treed windbreaks.
SUGGESTED OPENING BID: $905,000
Auction Location:
Imperial Inn, Imperial, Nebraska, United States
Previewing Details:
Contact Marc Reck for additional information
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
0% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
AUCTION DATE/LOCATION March 27, 2007, Imperial Inn, 748
East 12th St., Imperial, NE, 10:30 a.m., MT.
LOCATION Property located approximately 7 miles west & 5 miles
south of Champion, NE.
OVERVIEW First time property has been offered for sale outside
the Martin family in over 70 years. Charlene and Terry Martin are
selling to pursue other agricultural related investment opportunities.
They reserve the right to complete a 1031 exchange with no additional
expense or risk to Purchaser(s).
SALE TERMS/PROCEDURE The "C & T Martin Pivot & Grass
Land Auction" is an ABSOLUTE LAND AUCTION based on a MINIMUM
BID. The absolute sale of the property is triggered whenever the
highest bid or bids received equal or exceed the TOTAL MINIMUM
BID of $1,525,000. Property to be offered in 7 Parcels, 2 Combinations,
and as a Single Unit. Competitive bids will determine outcome
of auction. No parcel sells unless all parcels sell. Sellers agree not to
accept and negotiate any contracts to purchase prior to auction date.
Bids will be taken for total purchase price not price per acre.
SIGNING OF PURCHASE CONTRACT Immediately following
the conclusion of the auction, the highest bidder(s) will enter into and
sign a Purchase Agreement for the amount of the bid. Required earnest
money deposit to be in the form of a personal, business, or corporate
check for 15% of the purchase price which is due upon the signing
of the contract and to be deposited with Reck Agri Realty & Auction.
Purchase contract will not be contingent upon financing. Terms
and conditions of the detail brochure and oral announcements shall be
incorporated and made a part of the contract. Sample contracts are
available within the detail brochure.
CLOSING Purchaser(s) shall pay in cash, electronic transfer funds,
or cashier's check (Good Funds), the balance of purchase price
(purchase price less earnest money deposit), plus their respective closing
costs, and sign and complete all customary or require