Wayne County Land Auction – November 27, 2018

Offered for sale at public auction are five outstanding dry land farms that have produced terrific yields. Properties like this do not often come on the market.  Don’t miss this great opportunity.

AUCTION INFORMATION:  Auction will be held on Tuesday, November 27th starting at 1:00 pm at the Elkhorn Valley Bank, 411 E 7th Street, Wayne, Nebraska.

TRACT 1

LOCATION:  Property is located from the west edge of Wayne one quarter mile west from 575th Road on the north side of Hwy 15.

LEGAL DESCRIPTION: Part of the East Half of the West Half of the Southeast Quarter (E2W2SE4) of Section 11, Township 26 North, Range 3 East.

 SOIL DESCRIPTION: Soils are primarily Nora and Crofton silt loam 6-11% and Nora-Moody silty clay loam 6-11%.

REAL ESTATE TAX FOR 2017: $2,587.36. The 2018 and prior years real estate taxes will be paid by the Seller.

BASE ACRES: FARM #2870 TRACT #7170

Base acres of corn – 19 acres with a yield of 138 bushels.

Base acres of beans – 19 acres with a yield of 37 bushels.

POSSESSION: Landlord’s possession at closing. Full possession March 1, 2019.

TRACT 2

 LOCATION:  Property is located eight miles west of Wayne on Hwy 98 then one mile north on 568th Avenue. The southwest corner of the farm in 857th Road and 568th Avenue.

LEGAL DESCRIPTION: The Southwest Quarter (SW4) of Section 2, Township 26 North, Range 2 East.

SOIL DESCRIPTION: Soils are primarily Moody and Nora silt loam 2-11% and Nora silt loam 11-17%.

REAL ESTATE TAX FOR 2017: $8,652.62. The 2018 and prior years real estate taxes will be paid by the seller.

BASE ACRES: FARM #159 TRACT #531

Base acres of corn – 94.7 acres with a yield of 135 bushels.

Base acres of beans – 21.7 acres with a yield of 39 bushels.

POSSESSION: Landlord’s possession at closing. Full possession March 1, 2019.

TRACT 3

LOCATION:  Property is located four miles south of Wayne on Hwy 15, then two and a half miles west on 852nd Road. The southwest corner of the farm is 852nd Road and 573rd Avenue.

LEGAL DESCRIPTION: The East Half of the Southwest Quarter (E2SW4) and the Southwest Quarter of the Southwest Quarter (SW4SW4) of Section 34, Township 26 North, Range 3 East.

SOIL DESCRIPTION: Soils are primarily McPaul silt loam, Alcester silt loam 2-6% and Moody & Nora silt loam 6-11%. There is a tile line along the creek.

REAL ESTATE TAX FOR 2017: $6,684.72. The 2018 and prior years real estate taxes will be paid by the seller.

BASE ACRES: FARM #2871 TRACT #574

Base acres of corn – 57.3 acres with a yield of 127 bushels.

Base acres of beans – 57 .6 acres with a yield of 38 bushels.

POSSESSION: Landlord’s possession at closing. Full possession March 1, 2019.

TRACT 4

LOCATION:  Property is located three miles west of Winside on 852nd Avenue and one mile south on 565th Road to the northeast corner.

LEGAL DESCRIPTION: Part of the Northeast Quarter (NE4) and Tax Lot 17 & 18 in Section 7, Township 25 North, Range 2 East.

SOIL DESCRIPTION: Soils are primarily McPaul silt loam, Moody, Crofton & Nora silt loam 6-11%.

REAL ESTATE TAX FOR 2017: $8,208 .14. The 2018 and prior years real estate taxes will be paid by the seller.

BASE ACRES: FARM #502 TRACT #1160 (Combined with Tract 5)

Base acres of corn – 131.99 acres with a yield of 134 bushels.

Base acres of beans – 132.51 acres with a yield of 40 bushels.

POSSESSION: Landlord’s possession at closing. Full possession March 1, 2019.

COMMENT: A good dry land farm with excellent location. Don’t miss this great opportunity.

TRACT 5

LOCATION:  Property is located three miles west of Winside on 852nd Road and one mile south on 565th Avenue to the northwest corner.

LEGAL DESCRIPTION: The West Half of the Northwest Quarter (W2NW4), the Southwest Quarter of the Northeast Quarter (SW4NE4), Southeast Quarter of the Northwest Quarter (SE4NW4) and Tax Lots 1 & 2 in the West Half of the Northwest Quarter (W2NW4) of Section of 8, Township 25 North, Range 2 East.

SOIL DESCRIPTION:  Soils are primarily McPaul silt loam, Moody, Crofton & Nora silt loam 6-11%.

REAL ESTATE TAX FOR 2017: $8,241.13.  The 2018 and prior years real estate taxes will be paid by the seller.

BASE ACRES: FARM #502 TRACT #1160

(Combined with Tract 4)

Base acres of corn – 131.99 acres with a yield of 134 bushels.

Base acres of beans – 132.51 acres with a yield of 40 bushels.

POSSESSION: Landlord’s possession at closing. Full possession March 1,2019.

PRICE, TERMS AND POSSESSION:

The successful buyer will be required to sign the purchase agreement and deposit 10% as earnest money in the form of personal, business or cashier check immediately following the sale.  Closing will be on or before February 1, 2019.  The cost of title insurance and escrow closing will be divided equally between buyer and seller. Landlord’s possession will be given at closing with full possession March 1, 2019. The sale is not contingent upon Buyer financing. All preliminary financial arrangements must be made prior to the sale.

The Buyer acknowledges that he/she has made a personal inspection of the property and understands the land is being sold on an “AS IS” condition.  The sellers are not aware of any noxious weeds but cannot guarantee this. No warranty or guarantee is expressed or implied by the Seller or agents of UFARM Real Estate.

No survey will be provided by the seller. The legal description is being sold. There is no guarantee to the number of acres in each tract by UFARM nor the sellers. All maps are for illustration purposes only.

Information has been compiled from sources deemed reliable, but neither UFARM Real Estate its agents nor the owner makes any guarantee as to the accuracy. It is the Sellers’ intent to sell, the highest bid will be accepted subject to the approval of the Sellers. UFARM Real Estate and its agents are representing the Seller.  All announcements made the day of the sale take precedence over previous announcements, verbal or written. All decisions of the auctioneer are final.

SALE METHOD:

The land is divided into five tracts. Bidding will be made on a per acre basis. The total acres as determined by the County Assessor will be multiplied by the per acre price to determine the total sale price. Although the acres will be used for the bidding process, it is the legal description that is being sold. Any recess or breaks will be at the discretion of the auctioneer.

Tracts 1, 2 & 3 will stand on their own. After Tracts 4 & 5 have been offered separately, they will be offered together for a minimum increase of $75 per acre. If the minimum bid for the combined tracts is received, the bidding will continue. We will not be going back to individual bids on Tracts 4 & 5. The individual buyers are encouraged to get together and combine bids to compete with the combination buyer(s).

Absentee or phone bidding will be allowed if prior approval has been granted by the selling agent.

Thank you for visiting UFARM Real Estate. Located in Lincoln, Kearney, Norfolk and North Platte, we provide real estate and auction services to all of Nebraska. We specialize in the marketing of farms, ranches, acreages, hunting/fishing properties and residential properties. Our office provides cutting edge marketing of local properties to a national and worldwide audience through our network.  Thinking of buying or selling, check us out today www.ufarm.com or contact us at 800-509-3276.