Auction Information

77+/- ACRES FARMLAND WITH OIL PRODUCTION IN SUMNER COUNTY KS
163299
Tue Dec 22 19:00:00 CST 2020
77+/- ACRES FARMLAND WITH OIL PRODUCTION IN SUMNER COUNTY KS
Contact Information
Jeremy Wiens
Email: jeremy@wiensauction.com
Phone: 316.640.3193
Auction Type

Online Auction

Auction Schedule
Auction Dates

Start Date: Wed, Dec 2, 2020 1:06PM

End Date: Tue, Dec 22, 2020 7:00PM

Auction Description


77± ACRES FARMLAND WITH OIL PRODUCTION, SUMNER COUNTY, KS

ONLINE AUCTION ENDS: Tues. December 22nd @ 7:00 pm

LEGAL: S15, T35, R02E, ACRES 76.8, W2-SW4 LESS R/W, Sumner County KS

DIRECTIONS:
From Wellington KS: 14 mi South on Hwy 81, 11 mi East on Hwy 166 to Greenwich Rd, and then 4 miles South

FSA INFO:
Total: 77.43 Acres Farmland
Wheat: 30.37 Base Acres, 46 PLC Yield
Grain Sorghum: 17.54 Base Acres, 101 PLC Yield
Soybeans: 15.19 Base Acres, 36 PLC Yield

SOIL TYPES: Approx 83% Kirkland silt loam (1-3% slopes), 16% Elandco silty clay loam, rarely flooded

OIL INCOME:
Owners Royalty: 3/32

2019 - $3932.50
2018 - $4013.48

2020 TAXES: $577.48

This property has a previous homesite on the west side with rural water line and electricity, (water meter unknown). The oil lease is operated by T&W Ward Oil LLC. There is one active pumping unit, a capped gas well, and an additional oil well without a pumping unit on it.


TERMS AND CONDITIONS:
BUYER'S PREMIUM: There will be a 10% Buyer's Premium added to the final bid. The buyer's premium, together with the final bid amount, will constitute the total purchase price.
EARNEST DEPOSIT: $10,000 Earnest deposit due immediately from successful bidder in the form of personal or business check, cashier's check, or wire transfer.
POSSESSION: At closing
MINERALS: All seller owned minerals will convey to buyer.
TAXES: Seller pays 2020 taxes and prior years
TITLE/ESCROW FEES: Owner's Title Policy and escrow closing fees shall be shared equally between Seller and Buyer. Any lender required costs shall be the Buyer's expense. Preliminary title commitment has been prepared by Security 1st Title, Wellington, Kansas. Escrow closing will be handled through Security 1st Title .
CONDITION OF PROPERTY: Being sold "AS IS, WHERE IS", and without any contingencies including financing, inspections, etc., and is accepted by the buyer without any expressed or implied warranties or representation from the seller or his own due diligence prior to bidding on property. It is the sole responsibility of the prospective purchaser to conduct his or her independent inspections, investigations, inquiries, and due diligence concerning the property prior to the auction end. Information given is from sources deemed reliable but not guaranteed by the seller or the Auctioneer.
CLOSING: Closing on or before January 21st, 2021 (or as soon thereafter as closing documents are available). The balance of the purchase price is due IN CERTIFIED FUNDS.
ACREAGE: Acres derived from Sumner County Appraiser
Seller: Phyllis Avery Todd
 

Auction Documents

Prelim Title Search

Soil Report

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Company

Wiens Auction & Realty LLC

Office:
620-440-8558

Email:
info@wiensauction.com
april@wiensauction.com
jeremy@wiensauction.com

319 N Washington
Wellington, KS 67152

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