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1840 ACRES WICHITA COUNTY LAND AUCTION – SELLERS: SMITH FAMILY


Monday, November 20, 2017 Commencing At 11:00 A.M. Sold For SEE REAL ESTATE DETAILS FOR RESULTS Real Estate Auction Location: COMMUNITY BUILDING - 502 E M , Kansas, 67861

 

AMERICAN AG CREDIT WILL SERVE LUNCH

 

Real Estate Information:

 1840 ACRES WICHITA COUNTY LAND

 

TRACT #1. SE/4 & E/2 SW/4 6-20-35, Wichita Co., KS.  Consisting of 240 Acres, More or Less. .125 Royalty Interest in “G & G Smith Lease” Wells.  2016 Total Production 1550 Bbls.  2017 Production Has Been Approx. 125 Bbl. Per Month.  240 Acres to be Planted to Wheat.  2016 Taxes Were Approx. $1,656.00.   SOLD FOR $1,820/ACRE

TRACT #2. NE/4 6-20-35, Wichita Co., KS.  Consisting of 160 Acres, More or Less, All Open Dry Cropland. 2016 Taxes Approx. $1,104.00.    SOLD FOR $1,860/ACRE

TRACT #3. S/2 27-19-37, Wichita Co., KS.  Consisting of 320 Acres, More or Less, All Dry Cropland. 160 Acres to be Planted to Wheat.  2016 Taxes Were $2,250.84.     SOLD FOR $1,430/ACRE

TRACT #4. W/2 32-19-36, Wichita Co., KS.  Consisting of 320 Acres, More or Less, All Dry Cropland and Will All Be Planted to Wheat. 2016 Taxes Were $2,172.54.    SOLD FOR $1,200/ACRE

TRACT #5. NE/4 4-20-36, Wichita Co., KS.  Consisting of 160 Acres, More or Less, All Open Dry Cropland. 2016 Taxes Were $1,028.60.    SOLD FOR $1,100/ACRE

TRACT #6. NE/4 9-20-36, Wichita Co., KS.  Consisting of 160 Acres, More or Less with 125 Acres Open Dry Cropland, Balance Grass. 2016 Taxes Were $860.10.     SOLD FOR $780/ACRE

TRACT #7. W/2 & SE/4 19-20-35, Wichita Co., KS. Consisting of 480 Acres, More or Less, All Dry Cropland.  320 Acres to be Planted to Wheat.  .0625 Royalty Interest in “Horton-Smith Lease”.  2016 Total Production 838 Bbls.  2016 Taxes Were $3,401.20.    SOLD FOR $1,200/ACRE

TERMS & CONDITIONS

TERMS:  $30,000 Down on Day of Sale on Each Tract.  Balance Due in 30 Days or Sooner With Title Approval.  Title Insurance Will Be Used, Cost Will Be Shared 50/50 Between Buyer & Seller.

POSSESSION:  At Closing, Subject to Current Tenant’s Rights.

FSA INFORMATION: Tracts #1 & #2: 194.03 Ac. Wheat Base & 26.86 Ac. Grain Sorghum Base; Tract #3: 159.92 Ac. Wheat Base & 22.14 Ac. Grain Sorghum Base; Tract #4: 159.3 Ac. Wheat Base & 22.05 Ac. Grain Sorghum Base; Tract #5: 75.24 Ac. Wheat Base & 10.43 Ac. Grain Sorghum Base; Tract #6: 63.22 Ac. Wheat Base & 8.75 Ac. Grain Sorghum Base; Tract #7: 238.72 Ac. Wheat Base & 33.04 Ac. Grain Sorghum Base.

MINERALS:  Sellers Mineral Interest Sells with the Land and is Believed to be 100% on all Tracts.

CROPS: 1/3 of All 2018 Wheat Crop Will Go to Buyers. Buyers to Pay 1/3 of Related Expenses.  Buyer to Obtain Their Own Crop Insurance, If So Desired.

TAXES:  Sellers to Pay 2017 and All Prior Years Real Estate Taxes.

 

Any Announcement Made Sale Day Shall Take Precedence Over All Advertised Material. Sells Subject to All Easements, Leases & Right-of-Ways of Record.  Carr Auction & Real Estate, Inc. Will Be Acting as Seller’s Agent.

Auction PhotosClick thumbnails to enlarge


Photos added 11/21/17

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