160 +/- Ac. | Outstanding Sm. Grain/Livestock Land
NOTE: This is an auction. The above mentioned "For Sale" price is not an asking price but rather, a SUGGESTED OPENING BID. 160 +/- Ac. | Outstanding Sm. Grain/Livestock Land | Class I Soils Highway Frontage | Homesite Potential | 240 +/- Net MINERAL Acres | Producing & Non-Producing | Fairview Area, Major Co., OK | Online Bidding Available | AUCTION Wednesday March 18, 2020 10:00 a.m. Auction Location: Fairview Community Bldg., 206 E. Broadway, Fairview, OK 73737 Surface • Located from the intersection of Hwy 60 & U.S. 412 at Orienta, 3/4 mi. W. on U.S. 412 to the Southeast corner of the property. • According to Major County F.S.A., there are 145.89 acres of farmland w/144.88 base acres that has a 35 bu./ac. yield • Good fences on three sides, rural water, electricity & 1/2 mile of Hwy 412 frontage • Ideal for cultivation, livestock, or a homesite! Legal Description: SW/4 of 21-22-12, Major Co., OK '19 Taxes: approx. $458.97 Possession: at closing. Terms for Surface: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, crop base, condition, etc. prior to auction day. Announcements made day of auction take precedence. Minerals • Tract #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. • Tract #2: 80+/- net mineral acres in the W/2SE/4 of 32-22-12, Major Co., OK. These minerals are currently under lease, which will expire on Oct. 28, 2020 w/no option to renew. There is no production in the spaced section. Terms for Minerals: A 10% Buyer's premium will be added to the high bid in the auction to determine the purchase price of each tract. 10% of the purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of merchantable title, at closing. Buyers will have 20 days to examine the county records and satisfy themselves as to the title. Title will transfer by Limited Warranty Deed. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising. Registration: All bidders are required to register with valid form of ID & acknowledge & agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details.
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