SE of W 79th St S & S West St

Description

Online Auction! CROPLAND - DEVELOPMENT POTENTIAL - OIL INCOME. Rare opportunity to purchase 79.54 acres of productive cropland and pastureland in Sedgwick County, Kansas, offered through online auction closing Friday, June 6th at 11:00 AM. Located southeast of W. 79th St. S. and S. West St. in Haysville, this property features 66.69 acres of cropland and 12.85 acres of pastureland. The cropland is primarily composed of Class 2 soils, including Nalil Loam, Tabler Silty Clay Loam, and Blanket Silt Loam, offering excellent agricultural productivity. The farm tenant has expressed interest in continuing to farm the property if the opportunity is available, providing additional income potential for an investor or operator. Possession of the cropland will be granted after the 2025 wheat harvest or July 15, 2025, whichever occurs first, and possession of the pastureland will be November 1, 2025. The seller's mineral interest will transfer with the property, including a full 1/8 royalty interest (0.125000 RI) under the Loger (C) Lease, operated by MW Oil, Inc., with cumulative production from the Mississippian System. In 2024, the net royalty income was approximately $5,865.74, and an additional salt water disposal lease generates approximately $1,500 annually. 2024 property taxes are $502.63. FSA information is available upon request, with 66.69 base acres and a PLC wheat yield of 31 bushels per acre. The mineral rights information and production figures provided are believed to be accurate but are not guaranteed; buyers are required to conduct their own independent due diligence and place bids accordingly. This property offers an outstanding opportunity for farming, investment, or future development. Buyers are advised to thoroughly review the terms and details provided on the online bidding site, as any terms, comments, or announcements made there supersede any other advertised material. Bidding is by the acre, take your bid amount times the total number of acres noted on the brochure, and then add the buyer premium to determine the total purchase price. The property is being sold in its current "Where Is, As Is" condition, without any warranties. Sale is subject to seller confirmation with closing on or before July 15, 2025. The successful bidder must immediately execute the provided auction purchase contract and deposit $30,000.00 as earnest money within the specified time outlined in the contract. Additionally, a 10% buyer's premium will be added to the final bid price. This auction is conducted exclusively online, with a 2-minute bidding time extension. The auctioneer reserves the right to recess, adjust and/or extend the bidding time as they deem necessary. Furthermore, the auctioneer may, at their sole discretion, reject, disqualify, or refuse any bid. Broker forms, if any, are available on the bidding site. While all information is deemed reliable, buyers are encouraged to conduct their own due diligence. The sale is not contingent on financing, appraisal, or inspection, and the winning bidder must be available immediately post-auction. The property is sold subject to applicable Federal, State, and/or Local Government regulations, with all measurements and details approximate and non-binding. The auctioneer provides no warranties regarding the online bidding platform's performance and assumes no liability for any bidder-incurred damages during its use, including unacknowledged bids or errors. Bidders accept all risks associated with the platform and acknowledge that the auctioneer bears no responsibility for bid submission or acceptance errors or omissions. Auctions may be subject to selling prior to the auction date.