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550+/- Acres offered in 7 Tracts
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Productive Farmland
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Wooded Recreational Land
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Newly Constructed 50 ft. x 100 ft. Steel Equipment/Hay Shed
OKLAHOMA LAND AUCTION, 550+/- Acres offered in 7 Tracts
Murray County, Oklahoma
Owner: McQueen Tue, Jun 24, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,366,000
| Tract(s): 1-7 | @ $2,366,000 | ($4,301/acre) |
OPEN HOUSE/INSPECTION DATES
June 4th & 18th, 11AM - 1PM
Meet a Schrader Representative at the Property.
PROPERTY LOCATION
This 550+/- acre productive bottomland farm located only 2 miles north of Davis, OK with frontage on state highway 77 and easy access to I-35.
AUCTION LOCATION
Murray County Expo Center, Sulpher, OK
PROPERTY DESCRIPTION
This 550+/- acre productive bottomland farm located only 2 miles north of Davis, OK with frontage on state highway 77 and easy access to I-35. The farm will be offered in 7 individual tracts, any combination of tracts or the whole property. The farm is roughly 88% tillable with the balance comprised of grassland, mature hardwoods and frontage on state highway 77. A newly constructed 50 ft. x 100 ft. steel barn is located in the center of the property. The barn is open on the east side, has 18 ft. sidewalls and is ideal for hay and equipment storage.
TRACT DESCRIPTIONS
Tract 1: 18± ac 18+/- acres with frontage on state highway 77. Tract is mostly grassland with mature oak and cottonwood trees. A small pond is located on the west portion of the property, creating a scenic building site.
Tract 2: 51± ac 51± acres with frontage on state highway 77. Tract is mostly grassland with mature oak and cottonwood trees. This tract is the site of the original homestead and has an existing barn with working pens. Two small ponds are present on this tract.
Tract 3: 177± ac 177± acres with frontage on state highway 77. Tract is mostly tillable farmland with frontage on state highway 77, the 50’ x 100’ steel barn sits on the west side of this tract. Soils are comprised mostly of Watonga Clay and Watonga Silty Clay Loam at 0-1% slopes.
Tract 4: 14± ac 14± acres with frontage on state highway 77. Tract is the only parcel that sits on the east side of the highway and is currently native grassland, ideal building site/ranchette property.
Tract 5: 25± ac 25± acres with frontage on state highway 77, mostly tillable farmland with good frontage on the state highway. Ideal small farm or purchase in combination with surrounding tracts. Soils consist primarily of Watonga Silty Clay Loam at 0-1% slopes.
Tract 6: 125± ac 125± acres of tillable land on the south portion of the property. This tract is approximately 98% tillable farmland with access via the main farm road that dissects the property. Purchase individually or in combination with surrounding tracts. Soils consist primarily of Watonga Clay and Watonga Silty Clay Loam at 0-1% slopes.
Tract 7: 140± ac 140± acres of tillable land on the west portion of the property. This parcel has the best soils on the entire property, consisting of nearly 100% Class I Soils. Soil types include Dale Silt Loam and McClain Silty Clay Loam at 0-1% slopes. Well maintained gravel farm road provides access to the tract, which is west of the railroad tracks.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: Tracts will be offered in individual tracts, in any combination of these tracts, or as a total unit per auction date and time. There will be open bidding on all tracts and combinations during the auctions as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price.
Buyers Premium: The contract purchase price will include a Buyers Premium equal to 4% of the bid amount.
DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of cashier' check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.
DEED: Seller shall provide Trustee's Deed without warranty.
EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold AS-IS.
CLOSING: The closing shall take place 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.
POSSESSION: Possession of the land shall be at closing or as soon thereafter as current lease agreements expire and 2014 crops are harvested.
REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.
MINERALS: Less and except all minerals including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any associated with the reference real estate, and the term Property will not include any mineral rights.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Seller.
ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.
