Madison County, Nebraska, Simulcast Land Auction – April 6, 2023
TRACT #1 – 30+/- ACRES
TRACT #2 – 154.88+/- ACRES
PIVOT IRRIGATED LAND
RURAL RESIDENTIAL TRACT
WEST OF NORFOLK, NEBRASKA
The property is sold “as is” where is. It is up to the buyer(s) to do all due diligence in conducting their own investigation of the farm. No warranties or guarantees are expressed or implied, by the seller or UFARM Real Estate.
All mineral interests owned by the seller will transfer to the buyer(s).
A 10% non-refundable earnest deposit is required at time of signing the purchase agreement.
Stewart Title Company will provide title insurance and close the sale. The title insurance and closing fee will be split between buyer and seller. Closing to occur on or about May 6, 2023 or such date as agreed by both parties.
Real estate taxes for 2022 and past years will be paid by the seller. The buyer(s) is responsible for 2023 and future years taxes.
UFARM Real Estate and its agents/representatives are acting as Agents for the Seller.
In the event of an internet outage or other technical issues, UFARM Real Estate reserves the right to continue bidding, extend bidding or close bidding. UFARM Real Estate is not responsible for missed bids or the failure of software to properly function for any reason.
The live auction will occur on April 6, 2023 at 10:30 at Divots Convention Center. It will be a simulcast with online bidding. Online bidding will begin on April 1, 2023 at 8:00 AM with bidding concluding at the end of the live auction. Online bidding is visible but bidder identity is confidential.
Individual tract bidding will be in $200 per acre increments for Tract 1 and $50 increments for Tract 2. The two tracts will be offered individually until no more bidding occurs. The highest individual bids will be held.
The land will then be offered as a combined unit. The starting price will be the total bids of tracts 1 & 2 and increased $50 per acre. If a combined bid occurs then the highest combination bid will be the final sale price subject to confirmation by the sellers. Individual tract bidders are encouraged to pool together to compete with the combination bidder.
The final sale price is the total acres (whether individual or combined) times the last bid. UFARM reserves the right to adjust the bidding increment.
Sale is not contingent on buyer(s) financing. The written purchase agreement, to be signed by both parties the day of sale, is the sole document governing the sale of the property. It supersedes any other document whether written or oral.
It is the seller’s intent to sell but they reserve the right to reject any and all offers. The data for the site analysis was provided by County & Government agencies or other sources and is considered to be reliable. However, UFARM does not guarantee its accuracy and strongly suggests all prospective buyers should do their own due diligence. Maps are for illustration purposes only. All announcements made day of sale take precedence over previous announcements verbal or written. All decisions of the auctioneer are final
ZONING: Rural Residential
LEGAL: West 30 +/- acres in the South Half of the Southwest Quarter (S2SW4) Section 13, Township 24 North, Range 2 West.
SIZE: 30+/- acres
COMMENT: Tract 1 lies along 61st Street, a blacktop road. If tract is sold separately, a survey will be provided by the Seller. According to the City of Norfolk the land can be divided into three acre tracts. Please consult Norfolk zoning administrator for confirmation. This is a unique opportunity to purchase RR land close to Norfolk on a hard surfaced road one mile from Hwy 275.
LEGAL: Part of the South Half of the Southwest Quarter (S2SW4) 33.57 acres in Section 13 and Part of the South Half of the Northwest Quarter (S2NW4) 35.99 acres and Part of North Half of the Northwest Quarter (N2NW4) 75.32 acres in Section 24 all in Township 24 North, Range 2 West in Madison County, Nebraska.
SIZE: 154.88 +/- Acres
PIVOT: Seven tower Zimmatic- Growsmart. SN# AO875
DEEP WELL: Registration # G-047011 Drilled in 1982
Depth 220 ft. Pumping from 170 ft and producing 800 GPM when drilled.
High Thrust Gearhead Model 404 TP SN# U02T354RP45R
Western Land Roller Pump SN #G-75571
100 HP US Motors electric motor
CERTIFIED IRRIGATED ACRES: There are 125.34 certified irrigated acres according to the Upper Elkhorn Natural Resources District. UENRD will adjust certified acres if tracts 1 and 2 have separate buyers.
BASE ACRES: Corn 95 acres with a PLC yield 178 bushels. Base acres will be adjusted by the Madison County FSA if tracts sold to separate buyers.
SOIL DESCRIPTION: The cropland soils are mostly Thurman, Boelus loamy fine sand and Nora-Crofton complex.
TOTAL REAL ESTATE TAX FOR 2022: $9,750.02 — The taxes to be divided by Madison County Treasurer if tracts sold to different buyers.
POSSESSION: Full possession for 2023 at closing or other such date approved by both parties.
Click Links Below for Maps
Tract 1 Aerial Map
402-371-0065 or 402-750-5294
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