160+- Acres Greenwood County Flint Hills Land Near Madison Kansas

PROPERTY DESCRIPTION: 160+- acres of native Flint Hills pasture near Madison, Kansas.  This tract of land includes good oil income, scenic rolling Flint Hills terrain, Oak timber lined draws with abundant wildlife, and a clear water pond.  The landowners recent share of the oil income has been: 2014-$6489, 2013-$6187, 2012-$5190.  The pasture has been grazed recently with a neighbor, so there is no fence on the west and a portion of the south. This tract of land offer a nice combination of agriculture, oil income, and recreation.

LAND LOCATION: From HWY 58 in Madison, North on Fifth St (X Rd) 2 miles.

LEGAL DESCRIPTION: Northeast Quarter (NE/4) of Section 1, Township 22 South, Range 11 East of the 6th PM, Greenwood County, Kansas.

2015 REAL ESTATE TAXES: $245.02.

TERMS: Earnest money is $25,000 down at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before February 23, 2016. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.