Sutherland: Tract 3 - 320 +/- AC - Coffey County, KS - 11/14

Vaughn-Roth Land Brokers

 

Date(s) 11/12/2024 - 11/14/2024

Beginning at 12:00 p.m. on 11/12/2024 with a dynamic closing to begin at 1:00 p.m. on 11/14/2024

Online-Only Auction
Shipping Not Available
Bidding Notice:

Buyers are to review the Terms and Condtions of Sale prior to bidding. Buyers will need to submit a letter of credit or proof of funds from their bank before Registration will be approved. This information can be emailed to Cameron@VaughnRoth.com

Auction Information
Name Sutherland: Tract 3 - 320 +/- AC - Coffey County, KS - 11/14
Auctioneer
Type Online-Only Auction
Date(s) 11/12/2024 - 11/14/2024
Auction Date/Time Info
Beginning at 12:00 p.m. on 11/12/2024 with a dynamic closing to begin at 1:00 p.m. on 11/14/2024
Preview Date/Time 11/12/2024-11/14/2024
Checkout Date/Time 11/14/2024
Location
Buyer Premium There's no buyer's premium
Description
On behalf of the Eugene N. Sutherland Living Trust, Vaughn-Roth Land Brokers proudly presents this rare blend of cropland, native grass and top-shelf hunting properties for your consideration. There’s a total of 5 tracts with at least one to fit every buyer type, whether it be the grain producer, cattle operator or the recreational buyer searching for a secluded getaway to pursue whitetail and turkeys. The 5 tracts are all approximately 160 acres each and there are three tracts that are contiguous, allowing you to purchase up to 480 acres all together should you desire. This beautiful and diverse offering possesses inherent attributes throughout the properties that make it very unique which is easily evident upon inspection. This property is being offered via online auction that will start at Noon on November 12th and will begin closing at Noon on November 14th. This auction will feature a dynamic closing which means any bids placed in the last 3 minutes will extend the auction for another 3 minutes. Tract 3 is a combination of Tracts 1 and 2 that adjoin each other. These properties are being offered both individually and in combination and will sell in whichever form garners the most proceeds. On Tract 3, there will be $30,000.00 added to the total high bids of Tracts 1 and 2 and that is where the bidding will begin on Tract 3.The combination of these tracts totals 320 acres more or less and creates an opportunity for the recreational buyer to expand the buffer as they implement wildlife management practices to create their private retreat. Total tillable acres is approximately 188 acres with the soil types mostly composed of good Woodson, Dennis and Kenoma silt loams. Hayable acres is approximately 48 acres and is composed of drought-resistant Native grass varieties, excellent for both feeding cattle or bedding of wildlife. Again, for the hunter, there are excellent stand and foodplot locations interspersed across the property with a variety of pockets of heavy timber, protected meadows and multiple ponds. No matter the wind direction, you’ll have flexibility for access. As related in the descriptions of Tracts 1 and 2, this is a very secluded property due to the fact it’s accessed via two extremely low-traveled roads with one along the west boundary and one entering at the southeast corner. For those wanting some return on investment, there has been a long-time tillable and hay tenant on the property who would desire to keep renting it if the new owner has any interest in continuing this. Please give agent Terry Anderson a call at 620-364-6826 to set up a tour of this awesome offering! This auction will begin on 11/12/2024 at 12:00 p.m. with staggered dynamic closings to begin on 11/14/2024 at 1:00 p.m. for Tract 3. Driving Directions: From LeRoy, take California Street south, following curves, which becomes Reaper Ln and then Reaper Rd for 3.2 miles to 1st Rd and turn west. Proceed 2 miles to Planter Rd and turn north. Go 1 mile and the property begins on the east side. Brief Legal Description: The West 1/2 of the South 1/2 of Section 8, Township 23 South, Range 16 East of the 6th P.M., Coffey County, Kansas.  160 acres, more or less. Disclosures: - Yellow boundary property lines in the pictures are approximated for reference only. Please refer to the aerial map provided by the Coffey County Appraiser's office in reference to property lines. - As with many properties in the area, there is a presence of Sericea Lespedeza. - On Tract 3 which is the combination of Tracts 1 and 2 that adjoin each other, there will be $30,000.00 added to the total high bids of Tracts 1 and 2 and that is where the bidding will begin on Tract 3. Mineral Disclosure: The Seller will convey all of their oil and gas interests that they possess on the subject parcels of real estate to the Buyer. It is the Seller's belief that that interest amounts to 50% of the oil and gas interests.  There is no current oil or gas production. Closing: On or before December 17, 2024. Possession: Full possession shall be after the harvest of the 2025 crop.  The farm tenant has the right to plant a soybean crop after they harvest the wheat crop in 2025. The Buyer shall receive any lease proceeds after harvest of the 2025 crop. Earnest Money: $80,000.00 Taxes: Estimated property taxes are $3,275.86 Dynamic Closing: If there are any bids within the last 3 minutes of the auction, the auction closing time will extend for 3 minutes.  Please note, this will continue until there are no bids within the last 3 minutes and could extend the closing several times. Auction Details: The auction will begin on 11/12/2024 at 12:00 p.m. and feature a staggered dynamic closing schedule on 11/14/2024 as follows: Tract 1: 9:00 a.m. Tract 2: 11:00 a.m. Tract 3 (combo of Tracts 1 & 2): 1:00 p.m. Tract 4: 3:00 p.m. Tract 5: 5:00 p.m. Reminder: The closing time of each tract will feature a dynamic closing which means that any bids placed in the last 3 minutes will extend the closing time by 3 minutes. Area Information Coffey County offers a tranquil, rural lifestyle with affordable housing and land opportunities with natural beauty, and a slower-paced way of life. Located in east-central Kansas, Coffey County is positioned along major highways, offering convenient access to larger cities like Topeka, Wichita, and Kansas City, which is about 85 miles northeast. Coffey County is home to around 8,000 residents, with Burlington serving as the county seat and the largest town. The rest of the county consists of smaller towns and rural areas, each providing a peaceful, country-style living environment. The county is known for its strong sense of community, with residents taking pride in their agricultural roots and outdoor recreational opportunities.The area’s charm is enhanced by its connection to nature, including access to John Redmond Reservoir and Melvern Lake, which offer excellent fishing, boating, and camping options. Coffey County’s proximity to these natural attractions makes it popular for outdoor enthusiasts while maintaining a welcoming, community-centered atmosphere.  Weather Highlights Rainfall: The average annual rainfall for Coffey County, Kansas, is approximately 38 to 40 inches. Like much of eastern Kansas, Coffey County receives most of its rainfall during the spring and summer months, with May and June typically being the wettest. This level of precipitation supports the county's agricultural activities and contributes to its fertile soil and lush landscapes. Affordable Cost of Living Housing: Coffey County offers affordable housing options, with home prices and rental rates generally lower than the national average. This makes it easier to own property or rent without the financial strain often seen in larger cities. Overall Expenses: The cost of groceries, taxes, utilities, and other essentials is also lower, making it an attractive option for those looking to stretch their budget further. Taxes: Coffey County has some of the lowest real estate taxes in the State Job Opportunities and Economic Stability Energy Sector: Coffey County is home to Wolf Creek Generating Station, a major nuclear power plant that provides jobs and economic stability to the region. Agriculture: The local economy is also supported by agriculture, offering opportunities for those interested in farming, ranching or related agribusiness. Healthcare and Services Coffey County Hospital: Located in Burlington, the hospital provides essential healthcare services, including emergency care, surgery, and rehabilitation. The county is also home to several clinics and medical professionals, ensuring residents have access to quality healthcare. Senior Services: Coffey County offers various services for seniors, including community centers, meals, and transportation, helping to create a supportive environment for older residents.
SELLER: Sutherland Trust - Tract 3 ACREAGE: Selling as 320 acres more or less. BRIEF LEGAL DESCRIPTION: The South 1/2 of Section 8, Township 23 South, Range 16 East of the 6th P.M., Coffey County, Kansas. 320 acres, more or less. Including Right of Way. RESTRICTIONS: This real estate sells subject to (1) all County and State laws, ordinances, and regulations and (2) any easements, encumbrances, leases, and restrictions applicable to the property. EARNEST DEPOSIT: Earnest money in the amount of $80,000.00 payable to Coffey County Land Title is due on auction day and upon signing the purchase contract. The earnest deposit can be paid in the form of personal or business check, cashier's check, certified check or wire transfer. The Buyer's earnest deposit is non-refundable unless the Seller fails to close on this transaction due to the Seller's inability to deliver marketable title. Mineral Disclosure: The Seller will convey all of their oil and gas interests that they possess on the subject parcels of real estate to the Buyer. It is the Seller's belief that that interest amounts to 50% of the oil and gas interests.  There is no current oil or gas production. TAXES: Property taxes will be pro-rated to the date of closing. Taxes for any previous years are to be paid by the Seller. 2023 property taxes were estimated to be $3,275.86. TITLE/CLOSING COSTS: Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing fee. A preliminary title policy has been prepared by Coffey County Land Title and will be updated with Buyer information prior to closing. Buyer is responsible for cost of any lender's policy. TITLE EVIDENCE/DEED: Seller will deliver to Buyer an insurable deed for the property at time of closing, conveying clear and marketable title to said property, free of all encumbrances, liens and judgment, except for those lawful conveyances and restrictions that exist on record before the date of the auction as noted in the title insurance commitment. PROPERTY SOLD "AS IS, WHERE IS, WITH ALL FAULTS" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND: This real property shall be sold subject to conditions, restrictions, right-of-way easements, and reservations, if any, of record, filed and untitled mechanic's and material liens. CLOSING: Buyer must close the transaction for this real estate on or before December 17th, 2024. The balance of the purchase price must be paid by cashier's check or wired funds at closing. The purchase is not contingent on financing. Possession: Full possession shall be after the harvest of the 2025 crop.  The farm tenant has the right to plant a soybean crop after they harvest the wheat crop in 2025. The Buyer shall receive any lease proceeds after harvest of the 2025 crop. AGENCY: The Broker/Auctioneer is acting as Agent for the Seller only. All information and materials provided by the Broker is subject to inspection by all interested parties. Prospective bidders should independently verify any information being relied upon in making a purchasing decision. LIQUIDATED DAMAGES: Buyer will forfeit all of their earnest deposit if they cannot close within the stated time herein and no written extension has been granted by the Seller. If such actions occur, Coffey County Land Title hereby has the right to disperse the earnest deposit as determined by Vaughn-Roth Land Brokers and the Buyer has no claims to such money or property being sold. If the Sellers default on this transaction due to inability to deliver marketable title, the earnest money will be returned to the Buyer in full. BIDDER'S DUTY TO INSPECT: All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller, the Broker or any other person or entity. Personal inspection of all property by potential bidders is strongly recommended. All sales are subject to the conditions and terms contained herein. The failure of any bidder to inspect or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, rights-of-way, or any other information that can be obtained as public record in the County courthouse or any municipal office concerning subject properties. Any and all announcements made at the time of auction take precedence over all other verbal, printed, announced, and/or distributed information. Please note that you are bidding to purchase the property as is. RESERVES: Bidders acknowledge this real estate may sell subject to the Seller's approval of the high bid. The auction company reserves the right to bid on behalf of the reserve price. The Auctioneer, in its sole discretion, may void a sale, suspend bidding, and re-sell any item/lots that were affected by not meeting the reserve price or any auction process malfunction. The decision of the Auctioneer is final, as is the case in a live auction. CONTRACT: Vaughn-Roth Land Brokers requires that the winning bidder close on this transaction prior to assigning the property to another party. There will not be any division of the property, writing of multiple contracts or requirement of more than one closing related to this transaction. BIDDING: Will be by the total dollar amount. DYNAMIC CLOSING: If there are any bids within the last 3 minutes of the auction, the auction closing time will extend for 3 minutes. Please note, this will continue until there are no bids within the last 3 minutes and could extend the closing several times. CONTINGENCIES: This real estate is selling as-is and is not contingent upon inspections, appraisals, approval of financing or any other requirements by any entity. If the Buyer fails to close on this transaction, the earnest money due on auction day shall not be refunded unless the Seller cannot deliver marketable title. BIDDING REGISTRATION AND APPROVAL: To register, visit VaughnRoth.com and click on this listing where you will find a "Register To Bid" tab. Once you submit your request for registration, you must contact Cameron Roth at 785-917-0867 and provide proof of funds or a letter of credit prior to being approved.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 3,000.00 USD
Currency USD
Buyer Premium There's no buyer's premium
Payment Terms
EARNEST DEPOSIT: Earnest money in the amount of $80,000 payable to Coffey County Land Title is due within 48 hours of the end of the auction. The earnest deposit can be paid in the form of a personal check, business check, cashier's check, certified check or wired to the title company. Contact Broker for wiring instructions. The earnest deposit is non-refundable unless the Seller fails to close on this transaction. Successful Bidders not executing and returning their contract with Earnest Deposit within 48 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as Buyer, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all cost incurred by the Seller and Vaughn-Roth Land Brokers in a subsequent resale of the property. 2024 TAXES will be pro-rated to the date of closing. Taxes for any previous years are to be paid by the Seller. TITLE/CLOSING COSTS: Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing. A preliminary title policy has been prepared by Coffey County Land Title and will be updated with Buyer information prior to closing. Buyer is responsible for the cost of a lender's policy if required. CLOSING: Buyer must close sale of this real estate on or before December 17th, 2024 unless otherwise agreed to by all parties subject to the purchase contract. The balance of the purchase price must be paid by certified check or wired funds at closing. This purchase is not contingent on financing.
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