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Auction Terms (Hybrid)
The 182.6 Acres will sell as three separate tracts. Precise legal descriptions to be determined by a staked boundary survey. Please see description below for a description of each tract.
There will be an open house Sunday May 19th from 3-5 Pm and from 3-5 pm on the day of the auction.
ONLINE & LIVE.Online bidding will open at 10:00 Am on May 30th, 2024 and the live auction will begin at 6:00 Pm on May 30th, 2024. Bidding will be conducted via online, by phone, or in person. Download our app “L2 Realty Auctions” or go to https://l2realtyinc.bidwrangler.com/ui to keep up and place bids. The auction will conclude upon closing of the live bidding.
There will be a 10% buyers premium added to the high bid to determine the contract price. Closing fee and title insurance fee will be split 50/50 between seller and buyer.
The property is selling subject to a reserve.
Bids submitted shall be “firm bids” available for sellers acceptance and without contingencies. Interested buyers need to view the property prior to the date of the auction and have financing approval along with any inspections performed prior to bidding.
Final sales price will be calculated by acreage times the final bid plus the buyer's premium. Precise acreage to be determined by a staked boundary survey.
Upon acceptance of a bid by seller, the real estate contract will be provided by the seller’s agent to the successful bidder promptly, and the termed contract shall be executed by the successful bidder and tendered to seller’s agent within 24 hours of the close of the auction. The earnest deposit in the amount of 10% of the final sale price will be tendered to Wilson County Title within five (5) days of notification and acceptance. Remaining balance due at the time of closing.
Closing will be conducted on or before July 2nd, 2024 at which time the seller shall deliver possession.
Selling subject to easements, restrictions, roadways and rights of way. Preliminary title work included.
Boundary property lines pictured are approximated for reference only. Boundary lines will be determined by stake boundary survey. There will be no guarantee on any fence or property lines as the selling is of the legal description only.
Property is selling “as is” condition and is accepted by the buyer without any expressed or implied warranties.
All terms announced the day of the auction take precedence over any other advertising.
Tract one comprises approximately 20 acres with a little over a quarter-mile driveway. It features a cabin situated on a hill with a covered porch offering picturesque sunset views. The cabin boasts 960 sq ft on the main level and a 336 sq ft loft. Additionally, there's a finished basement, providing an extra 960 sq ft of living space, lending it a homely atmosphere.
The basement includes a full bath, bedroom, and living space, while the main level hosts another full bath, master bedroom, dining room, and kitchen. The loft offers flexibility and could serve as a third bedroom. Modern amenities such as rural water and a water well are available, adding to the comfort. The presence of a windmill over the water well imparts a nostalgic charm, evoking a sense of country living.
Furthermore, a water tower equipped with an internet device facilitates internet services for the surrounding homes. Beyond the cabin, the terrain rises, transitioning into wooded areas. Several trails wind through the woods, perfect for hiking or side-by-side rides. To the west of the cabin lies a newly constructed pond, gradually filling up with water.
Tract two encompasses 56 acres of agricultural land. Currently, over 25 acres of the ground are planted with Winter Wheat, with the farmer scheduled to harvest it this summer. Subsequently, the new owner can assume control of the farming operations. An additional 25 acres hold potential for cultivation or conversion into a hay meadow. The remainder consists of brush and waterways. The eastern end of this tract offers excellent deer hunting opportunities, ideal for those seeking a small hunting tract with income potential.
Tract three boasts 107 acres with its highest and best use in the agricultural industry. It features multiple access points, one from Udall Road and another from 47 Highway. This property combines row crops, hay production, pasture, and minerals within a single tract of land.
The pastureland shares the same soil type as the neighboring tillable land and is predominantly flat. However, the southern-central portion of the farm gains elevation, with part of it utilized as a hay meadow. Along the western boundary, there is a compressor station, and approximately in the center of the farm, a gas well is situated.
Currently, the tillable land is planted with Winter Wheat, and the tenant will harvest it this summer. Subsequently, the new owner will have the opportunity to take over farming operations.
For more information contact Matt Wonser @ 620-330-7282 or mwonser@L2realtyinc.com.
Panoramic Views: Situated atop a scenic hill, this property offers unparalleled views of the surrounding landscape, and the covered porch provides and excellent place to enjoy a beverage as the sun fades to the West.
Pondside Setting: Enjoy the pleasures of a newly constructed pond, situated just below the cabin, perfect for leisurely afternoons of fishing, picnicking, or enjoying the view and wildlife that will use it.
Spacious Living Space: With 960 square feet on the main floor, this cabin provides ample room for comfortable living and entertaining, featuring an open-concept layout that maximizes space and natural light.
Cozy Basement Retreat: Descend into a 960-square-foot basement, offering additional living space that can be customized to suit your needs, whether it's a home theater, game room, or extra sleeping quarters for guests. Complete with a full bathroom for added convenience.
Charming Loft Space: Ascend to a 336-square-foot loft, offering a cozy and private area for relaxation or additional sleeping quarters, complementing the main floor living space.
Modern Amenities: Enjoy the convenience of a rural water, electricity, internet service, and a Walmart a mere 30 minutes away in Chanute, Ks.
Bedroom Accommodations: Retreat to the privacy of a bedroom on the main level and another in the basement, providing comfortable sleeping quarters for residents and guests alike.
Outdoor Storage: Two sheds on the property offer ample storage space for tools, equipment, and outdoor gear, keeping your cabin organized and clutter-free.
Water Access: Benefit from both rural water and a water well on the property, ensuring reliable access to fresh water for all your needs.
Additional Income Opportunities: Generate income from a water tower on the property, as well as tillable fields, pasture, hay meadows, and minerals, providing multiple avenues for financial growth and sustainability.
Prime Soil Quality: The tillable land and pasture are primarily composed of class 3 soil Zaar Silty Clay, ideal for agricultural pursuits and ensuring fertile ground for crops and grazing.
Convenient Location: Enjoy easy access with 47 Hwy frontage and Udall road frontage, while still maintaining a secluded atmosphere with only one other house on the entire mile section.
Modern Connectivity: Stay connected with an internet tower nearby, ensuring access to high-speed internet for remote work or leisure activities.
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