Online-Only Auction For Sale New Listing

Northwest Sunol Land Auction

Cheyenne County, nebraska  |  320± Acres

Overview

PJT Farms, LLC is offering this half-section of dryland, CRP and grass in western Nebraska for sale in a timed, ONLINE auction.

320± total acres just 3.5± miles northwest of Sunol in Cheyenne County, NE. This property consists of 208± acres dryland, 38± acres enrolled in CRP, and 70± acres grass. Offered as 1 parcel.

Quick Facts

  • 320.3± total acres
  • Located 3.5± miles northwest of Sunol, NE
  • Offered as 1 parcel
  • Auction held ONLINE-ONLY on Thursday, March 14, 2024
  • Bidding opens 8am and “Soft” closes at 12pm MT
  • 208.1± acres dryland
    (116.2± ac growing wheat / 91.9± ac wheat stubble)
  • 37.6± acres enrolled in CRP, expires 9-30-2036, annual payments $1,391.00/yr or $36.94/ac
  • 70.5± acres grass; 4.1± acres rds/waste
  • Access from Rd 131, north of Hwy 30
  • Possession of wheat stubble, grass & CRP upon closing
  • Possession of growing wheat crop subject to existing farm lease
  • Landlord share of growing wheat to Buyer
  • LEGAL: W1/2 Sec. 14, T14N, R48W, Cheyenne County, NE
  • R/E Taxes: $2,317.70± (2023)

Starting Bid: $185,000

 

See interactive map below!

Location

Cheyenne County, nebraska  |  320± Acres

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Auction Terms

Terms & Conditions

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ONLINE BIDDING PROCEDURE: The NW Sunol Land Auction will be offered for sale as one parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on March 14, 2024. The auction will “soft close” @ 12:00 noon, MT on March 14, 2024. Bidding remains open as long as there is continued bidding on the parcel. Bidding will close when 5 minutes have passed with no new bids. Bidders may bid on the parcel at any time before bidding closes.

To bid at the online auction:
– Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit reckagri.com and click on the NW Sunol Land Auction property page to register to bid.
– Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
– If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.

BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the Due Diligence Packet; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Complete and submit the ‘Bidder Approval Request’ form located on this property’s page at reckagri.com. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Due Diligence Packet may be obtained by visiting NW Sunol Land Auction property page at reckagri.com or by calling Reck Agri Realty & Auction.

SALE TERMS/PROCEDURE: The “NW SUNOL LAND AUCTION” with RESERVE is an online only auction.  The NW Sunol property to be offered as one parcel. Competitive bids will determine the outcome of the auction. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.

SIGNING OF PURCHASE CONTRACT: Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Farm, Ranch, & Land Purchase Agreement for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing. Terms and conditions of the Due Diligence Packet and announcements shall be incorporated and made a part of the contract. Sample contract is available within the Due Diligence Packet.

CLOSING: Buyer(s) shall pay in good funds, the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before April 12, 2024. Closing to be conducted by Thalken Title Company and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Warranty Deed free and clear of all liens, encumbrances, special assessments levied or assessed, and subject to all easements and restrictions or covenants now of record. Title commitments are available for review within the Due Diligence Packet and title commitment and exceptions will be incorporated and made a part of the Farm, Ranch, & Land Purchase Agreement. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s), except Buyer(s) to pay for cost of loan title insurance policy, if applicable. The Buyer(s) to receive a TBD title commitment within Due Diligence Packet, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing.

Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations; and other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record.

POSSESSION: Possession of wheat stubble, pasture, and CRP upon closing. Possession of growing wheat crop subject to existing lease.

PROPERTY CONDITION: Prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation, or recourse to Seller.

WATER RIGHTS & EQUIPMENT: Seller to convey all water rights appurtenant to the property.

GROWING CROPS: Seller to convey to Buyer(s) landlord’s share of wheat currently planted. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing.

REAL ESTATE TAXES: 2024 Real Estate Taxes due in 2025 to be paid by Buyer(s)

CRP CONTRACTS:  Seller to convey all right, title, and interest to the existing CRP contract to the Buyer(s) as successor in interest. Seller to convey the October 2024 CRP payment. Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, and agree to enter into new CRP contract within 60 days after the closing. Buyer(s) assumes responsibility of the costs and penalties if Buyer(s) chooses to terminate the existing contract.

FSA DETERMINATION:  FSA base acres and yields to pass with the Parcels as designated within Due Diligence Packet. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the Due Diligence Packet.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.

MINERALS:  Saving, excepting, and reserving, however, unto Seller, his heirs, executors, and assigns, an undivided 1/2 royalty interest in and to all owned oil, gas, and other minerals in, on, and under the above described premises, together with the means and ingress and egress for the purpose of exploring for, mining, and producing the same; Providing, However, that such reserved interest shall be non-participating, that is to say, that Buyer(s), their assigns and the heirs and assigns of such survivor, shall have the sole and exclusive right of executing any and all leases relating to said reserved mineral interest and the sole and exclusive right to receive any and all bonuses and rentals derived therefrom, but that in the event of actual production, Seller shall receive their proportionate share of all royalties for a period of ten years and so long thereafter as oil, gas, or other minerals are being produced in paying quantities from the property.

NOXIOUS WEEDS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, Canadian thistle, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time.

ACREAGES: All stated acreages in the initial brochure, Due Diligence Packet, and visual presentations are approximate and are obtained either from the FSA office or county assessor records. Both sources may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stated at the auction.

BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Due Diligence Packet. Due Diligence Packet may be obtained by visiting auction property page at reckagri.com, or by calling Reck Agri Realty & Auction.

ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Limited Seller’s Agent. Reck Agri Realty & Auction does not offer broker participation for the “NW SUNOL LAND AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.

How to Bid

Bidder Requirements

Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Due Diligence Packet. Due Diligence Packet may be obtained by visiting auction property page at www.reckagri.com, or by calling Reck Agri Realty & Auction. Bidding on someone’s behalf must be approved by Reck Agri Realty & Auction 24 hours prior to auction.

Ronald Stanley Estate Land Auction Place