No Reserve Online Only Buffalo County Land Auction – April 7th, 2020
Absolute Online Only Land Auction
Buffalo County
Located on the new Kearney Expressway Bypass
Bidding Opens March 24th and Bidding Begins to End Tuesday April 7th @ 12:00 PM
Top Quality Irrigated Farm. All Class 1 Hord Silt Loam Soils.
Seller: Blessing Premier Property, LLC
Contact John Keeney (308) 293-1713 or Adam Marshall (308) 455-4410
Register and Bid at: www.MarshallBid.com
Informational meeting & help with bidding at Adam Marshall Auctioneers & Land Brokers office on April 7th starting at 11 AM. Please call at least 24 hours in advance to reserve space as we will be following all recommend COVID-19 guidelines. Office address is 4009 6th Ave, Kearney, Nebraska. (Just east of Farm Service Agency)
Register and Bid at: www.MarshallBid.com
About the Land: This is a highly productive Platte River Valley farm located within Buffalo County, just east of the City of Kearney. The farm includes 66.66 tax assessed acres, and its soils consist exclusively of Class I Hord silt loams and is a level farm. Water for irrigation is provided by two wells, and is currently gravity irrigated with pivot irrigation potential. The farm has direct access and visibility provided by the divided four-lane Kearney East Expressway, and is located 1 1/2 miles north of the East Kearney Interstate 80 Interchange.
The farm is currently zoned AG, but is indicated by the City of Kearney to have a future land use designation of both MU1 and UR, which could be used for commercial or residential use. The farm is not indicated to be located within a flood zone. This farm is considered to have prime development potential.
Details
Legal Description: Part of the South 1/2 of the Northeast 1/4 in Section 5, Township 8 North, Range 15, West of the 6th PM Buffalo County, NE (66.66 acres M/L)
Location: Located just east of Kearney on the Kearney East Expressway.
Well Data: West Well: G-019782; Drilled 1/4/1956 @ 1000gpm; Well depth 52′; Static 22′; Pumping 32′; Diameter 8″; Western Land Roller Pump; US Electrical Motors 15 HP gear head; Siemens control panel.
East Well: G-026749; Drilled 3/30/1967 @ 1000 gpm; Well depth 54′; Static 22′; Pumping 32′; Diameter 9″; Western Land Roller Pump; US Electrical Motors 15 HP gear head; Eaton control panel.
NRD: Land is located in the Central Platte NRD and has certified irrigated acres of 68.25.
Farm Service Agency: Base Acres 66.17 acres of crop land. Enrolled in ARC County. Base acres – Corn 66.17 acres.
2019 Taxes: $6,323.28
Auction Terms
Registration For Auction: All bidders must register on our website at www.MarshallBid.com . By bidding in the auction, you agree to the terms and conditions of the auction.
Method of Sale: The sale will be a online auction of the real estate as one unit selling at absolute auction.
Title: Sellers & buyer to split the title insurance and closing cost. Seller will pay all documentary stamps.
Real Estate Taxes: Seller to pay all 2019 and previous year’s taxes. The 2020 and subsequent years will be the responsibility of the buyer.
Auction Site: The auction will be online only bidding on our website at www.MarshallBid.com with bidding extensions. If a bid is placed with less than 5 minutes left, the time on the auction will reset to 5 minutes left until no bids are placed in the last 5 minutes.
Earnest Deposit: Buyer is required to pay a $75,000 nonrefundable Earnest Deposit immediately following auction with the signing of an Adam Marshall Auctioneers & Land Brokers, LLC purchase agreement.
Closing: Cash or Certified Funds due upon closing which is to be on or before May 11th, 2020 or other date as agreed upon by sellers and buyer. Buyer will have full possession upon closing for the 2020 crop year. Buyer will be allowed to start field work April 10th, 2020.
Condition: The property will be sold in as-is condition with no warranties expressed or implied.
Financing: The sale of the property is not contingent upon financing. All prospective bidders will need to make arrangements prior to the auction if they require financing.
Agency: All representatives of Adam Marshall Auctioneers & Land Brokers, LLC are acting as agents of the Sellers.
All information is deemed reliable, but not guaranteed. Buyer should rely upon their own conclusions. Announcements made the day of the auction take precedence over prior advertising.
