Edwards County Farmland Auction

Description

*** AUCTION CANCELED - PRE-AUCTION OFFER ACCEPTED AND UNDER CONTRACT ***

L2 Realty, Inc. is proud to present this multi-generational half-section of excellent dryland tillable ground. This ground has been in the family for three generations or longer and is awaiting its next owner come the auction date. Located 13 miles southeast of Lewis, KS, and 8 miles south of Belpre, KS lays 312.5 acres of primarily class 2 tillable ground that lays very well. With HWY 50 just 6 miles to the north, and road frontage to the west, north, and east of the property, this farm has very easy access and a quick commute to grain markets. Electricity is available along the north road, and there is a well for watering livestock on the NE corner of the property. 100 +/- acres are currently planted in wheat and the remaining acreage is milo stubble. This farm is on a 1/3 2/3 share with the farm tenant. The 100 +/- acres of wheat will remain with the seller and possession of that acreage will take place after the 2024 wheat harvest. Possession of the balance will occur at closing.

This farm will be auctioned off on March 28th, 2024 at the Bank of Lewis in Lewis, KS at 6 PM. If you’re a farmer looking to add more acres to your operation, or an investor looking to put a hedge on inflation and add to that portfolio, you will want to join us during the bidding process. Not very often do you see farm ground in this area of Edwards County for sale. Bidding will be online and in-person on the evening of the auction. Contact the listing agent with any questions you may have.

Call or email the listing agent, Trevor Stoll, at (620) 960-4555 or tstoll @ l2realtyinc.com to set up a showing. Please review the auction terms below.

- 310 acres of tillable per FSA

- 88% class 2 soils

- Mineral rights will convey 

- 21 miles to Kinsley, KS

- 13 miles to Lewis, KS

- 8 miles to Belpre

- 6 miles to HWY 50

Auction Terms 

ONLINE & LIVE. Online bidding will open at 8:00 AM on 03/26/2024 and the live auction will begin at 6:00 PM on 03/28/2024. 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. The final sales price will be calculated by 312.5 times the final bid. 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 Security 1st Title within five (5) days of notification and acceptance. Remaining balance due at the time of closing. Closing of the sale bid purchase will be conducted on or before April 29th, 2024 at where time 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. 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.