kansas-city-auction-company

GONE! ABSOLUTE AUCTION – No Minimum Bid!

AUCTION TO BE HELD AS SCHEDULED! 164 ACRES m/l HIGHLY PRODUCTIVE BOTTOM GROUND – Kearney, Clay County, Missouri


With previous corn yields up to 200 bushel per acre, this highly productive 164 acre farm features 151 acres m/l tillable, tiled drainage, water well, 82% +/- Bremer Silt Loam, asphalt road frontage 2 sides, mineral rights not included.

LIVE OFF-SITE AUCTION
Began: 02/27/13 at 10:00 AM CST
Property Location:

MO-33 & NE 162nd Street, Kearney, MO 64060


Auction Location: Marshall Trees & Nursery, 1100 N. Jefferson Street, Kearney, MO 64060
INSPECTION
Began: 02/13/13 at 11:00 AM CST
Ended: 02/13/13 at 1:00 PM CST
Location: MO-33 & NE 162nd Street, Kearney, MO 64060

INSPECTION
Began: 02/20/13 at 11:00 AM CST
Ended: 02/20/13 at 1:00 PM CST
Location: MO-33 & NE 162nd Street, Kearney, MO 64060


ABSOLUTE AUCTION

NO MINIMUM BID!

164 Acres m/l Highly Productive Bottom Ground

Kearney, Clay County, Missouri

 

Approximate Corn Yields:

2012: 118 Bushels per acre

Best: 220 Bushels per acre

164 Acres m/l Highly Productive Bottom Ground

 

*  151 Acres m/l Tillable

*  Tiled Drainage

*  Water Well

*  82% Bremer Silt Loam

*  Asphalt Rd. Frontage 2 Sides

*  Topography Flat

*  Utilities Available to Site

*  Zoned Agriculture

*  No Lease For 2013

*  2012 Taxes $869.28

*  1031 Exchanges Welcomed!

*  Mineral Rights Not Included

 

AUCTIONEER’S NOTE:

As the USDA is forecasting record agriculture exports for fiscal year 2013 along with net farm income to rise to the second highest level since the 1970’s, now is the time to buy!  Don’t miss the opportunity to bid your price on this highly productive bottom ground farm.  A Cates representative will be available onsite to answer your questions and provide property information on Wednesday, February 13th & 20th from 11:00 a.m. to 1:00 p.m. .  This property will be sold to the highest bidder with no minimum bid at absolute auction on Wednesday, February 27th at 10:00 a.m.   We look forward to seeing you at the auction.

Sincerely,

Jeff Cates

President & Chief Auctioneer

 

 

AUCTION TERMS AND CONDITIONS:

REGISTRATION:

Registration will begin one hour before the auction. All bidders must provide name, address, phone number and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

DOWN PAYMENT:

The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price at the auction site immediately following the close of bidding.

FINANCING:

Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING:

The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.

CLOSING:

Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s).

EVIDENCE OF TITLE

Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS:

2013 taxes are to be prorated as of the closing date.

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.

BUYER’S PREMIUM:

A buyer’s premium of seven percent (7%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).

BROKER PARTICIPATION:

A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.

DISCLAIMERS AND ABSENCE OF WARRANTIES

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

Video: Absolute Auction – 164 Acres Kearney MO

Directions to Property:

I-35 to MO-92 (exit 26), east to N. Jefferson St./MO-33, left 1.5 miles to NE 162nd St. and land.


Directions to Auction Site:

I-35 to MO-92 (exit 26), east to N. Jefferson St./MO-33, left 2 miles to 1100 N. Jefferson and Marshall Trees & Nursery.

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AuctionServices
We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!