160+- Acres Barton County Tillable Farm Ground Near Olmitz, Kansas
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*AUCTION WILL BE ONLINE ONLY*
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Eric & Elizabeth Meitner, Sellers
PROPERTY DESCRIPTION: 160+- acres in Barton County, Kansas just north of Olmitz. There is blacktop frontage for 1/2 mile along the east boundary of the property, plus a township road along the south boundary. 137.21 acres are utilized as tillable farm ground according to the FSA office, with the balance in tame grass and shelter belt. A portion of the property is currently planted to Milo, Seller will retain the landowner share of that crop. The balance of the property is prepped and will be planted to Wheat this Fall, so the Buyer shall receive possession of the property at closing subject to that Milo harvest and subject to the Wheat harvest in 2021. The Buyer shall receive the landowner share (1/3) of the 2021 wheat crop and be responsible for the landowner share (1/3) of the input expenses.
LEGAL DESCRIPTION: The Southeast Quarter of Section 35, Township 17 South, Range 15 West of the 6th PM, Barton County, Kansas.
2019 REAL ESTATE TAXES: $2343.80.
LAND LOCATION: From Olmitz, Ks 1/4 mile north on NW 90th Ave.
FSA MAP
FSA DOCUMENTS
PRELIMINARY TITLE SEARCH REPORT
REAL ESTATE PURCHASE CONTRACT
TERMS: There will be a 10% Buyers Premium added to the high bid to determine the contract price. The property will be selling by the acre, your bid times 160. The auction will have a soft closing, meaning if a bid is received within the final 2 minutes of the auction closing it will automatically extend the bidding for another 2 minutes. This property is selling in “as is” condition, not subject to financing, inspections, or appraisal. 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. $25,000 earnest money will be required immediately following the auction via personal check, certified check, or wire transfer. That earnest money is non-refundable if the successful high bidder fails to close on the property per the terms stated. The balance shall be due upon Sellers submission of merchantable title and closing. Closing date shall be on or before December 11, 2020. 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. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.Sundgren Realty Inc. will be acting as Sellers Agents. The successful high bidder will be required to sign the real estate purchase contract linked above, and they will be buying the property subject to the preliminary search report also linked above.
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