320 ACRES BUTLER COUNTY, KS LAND
AUCTION DATE: Thursday February 13, 2014 6:00 P.M.
AUCTION LOCATION: El Dorado Civic Center, 201 E. Central Ave., El Dorado, Ks.
Michele Houston White and Gary E. Houston, Sellers
PROPERTY DESCRIPTION: 320+- acres of native Flint Hills pasture with gently rolling terrain. Eagle Creek runs through the center of the property offering excellent winter cover, hunting, and fishing. Eagle Creek runs into a watershed lake at the south end of the property. There is approximately 30 acres of creek bottom tillable ground currently planted to brome. The pastures are supplied additional water by 2 ponds. There are currently 2 producing oil wells on the property. The mineral rights along with a 1/8 royalty interest will transfer with the surface rights to the buyer at closing. 1570 total barrels were produced in 2011, 1426 total barrels were produced in 2012. Very rarely will you find a tract of Flint Hills land with a better combination of agriculture, hunting/recreation, and income.
LEGAL DESCRIPTION: The North Half (N/2) of Section Six (6), in Township Twenty-eight (28) South, Range Seven (7) East of the Sixth Principal Meridian, Butler County, Kansas.
2013 REAL ESTATE TAXES: $523.00.
LAND LOCATION: From Leon, Ks 5 miles east on HWY 400 to SE Munson Hill Rd., then 1 mile south to the property.
TERMS: Earnest money is $50,000 due 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 March 13, 2014. 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. Interested buyers need to view the property prior to the date of the auction and have financing available 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.
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