0 Road K Hugoton, KS 67951

Listing details for 0 Road K, Hugoton, KS 67951 : Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, May 31st, 2022 at 2:00 PM (cst) | BIDDING CLOSING: Thursday, June 16th, 2022 at 2:10 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! Great opportunity to purchase 316 +/- acres, selling regardless of price to the highest bidder, in Stevens County! 316 +/- Acres Tillable (Wheat & Grain Sorghum) Located off Rd. K Current gas production Per seller, current summer crop, if any, does not transfer with the property. Fall crop share will transfer with the property. All mineral interests held by seller will pass with the real estate to the buyer. No water rights. (SECTION 5) - The Landowner share of the crop is 1/5 and no participation in the expenses, a FSA report is in the Property Information Packet. Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per-acre price. By way of example, if a 160-acre parcel was offered “by the acre” the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres. $40,000 anticipates closing on or before 30 days from the date of sale. A 60 day close is available at the discretion of purchaser with deposit of $50,000 in earnest money at the time of contracting. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $40,000.