GONE! No Reserve Johnson County Land Auction | Spring Hill, KS
Ended: 12/13/16 at 12:30 PM CST
207th Street, Spring Hill, KS 66083
Auction Location: 613 S. Race Street, Spring Hill, KS 66083
PROPERTY INSPECTION: WEDNESDAY, NOV. 30TH; 11AM-1PM
All combined, these 4 tracts are 52 acres m/l, and are located in Johnson County, Kansas, and inside city limits of Spring Hill. With its population of just under 6,000, Spring Hill offers an excellent opportunity to raise a family with the ease of a short commute to the metropolitan area. Spring Hill also serves as the center of the Spring Hill School District (USD 230), which includes 3 elementary schools, 2 middle schools, and 1 high school and has an agricultural and industrial background.
Tract 1: 14.61 acres m/l has approximately 330 feet road frontage with curb cut over Johnson County easement. Nearly 10 acres is tillable with remainder in timber and year round spring plus a wet season rock bottom tributary. The southern 1/3 portion of a pond is included. This tract is partially fenced and cross fenced. $2,486 include special assessment for District 1 & 2 (less than half of the 20 years remains). Easement along entire southern boundary to access Tract 3. Water meter, electric and sewer access are available.
Tract 2: 18.32 acres m/l has approximately 573 feet road frontage, mostly tillable with some timber and small drainage and is partially fenced. $3,083 in taxes include special assessments for District 1 & 2 (less than half of the 20 years remains). Easement along entire southern boundary to access Tract 3. Water meter, electric and sewer access are available.
Tract 3: 9.30 acres m/l is mostly tillable with approximately 1.5 aces in timber and year round spring. Partially fenced and cross fenced, this tract’s northern border has easement access from 209th St., a private drive. $1,568 in taxes include special assessments for District 1 & 2 (less than half of the 20 years remains). Water meter, electric and sewer access are available.
Tract 4: 10.00 acres m/l is all tillable and partially fenced. This tracts northern border has easement access from 209th St., a private drive. $1,680.71 in taxes include special assessments for District 1 & 2, (less than half of the 20 years remains). Water meter, electric and sewer access are available.
Our sellers, having owned these tracts for more than 25 years, has chosen Cates Auction & Realty Company to offer them at absolute auction to expedite the sale. To allow you to buy it exactly as you want it, bidding will be offered on each of the tracts individually and also in combination. This is an unprecedented opportunity to buy property in Johnson County to build on, hold for future development or to farm or ranch. Come join us December 14th, 2016 at the Spring Hill Community Center.
ACREAGE: 52 m/l, offered in four tracts.
RESERVE: None. The property will sell to the highest bidder(s).
INSPECTION: Wednesday, November 30th 11-1 PM or at your leisure.
ONLINE BIDDING: Pre-bidding Only. The highest online pre-bids will open the live auction. (Live online bidding is not offered)
PROPERTY LOCATION: East of Ridgeview Rd. on south side of 207th St, a black top road in Spring Hill.
AUCTION LOCATION: Spring Hill Community Center, 613 S. Race Dr. Spring Hill, Kansas 66083
ONLINE ABSENTEE BIDDING (Pre-auction only): Bidders may elect to place absentee bids online prior to the opening of the live auction. Online absentee pre-bidding will end 24 hours prior to the start of the live auction. The highest absentee pre-bids will be taken into the live auction as the opening bids on applicable tracts and combinations. Bidders who placed absentee bids online in advance of the auction who also wish to bid in the live auction must follow the registration requirements above for onsite or phone bidding. No live online bidding will be offered
AUCTION TERMS AND CONDITIONS:
AUCTION METHOD: If a property contains multiple tracts they will be offered individually, in combinations and as a whole. The property will be sold in the manner resulting in the highest total sales price.
REGISTRATION: Onsite bidder registration will begin one hour before the auction. Phone bidders must be registered directly through our office 48 hours prior to auction day. Registration for online absentee bidding (pre-auction only) is open now. All bidders must provide a valid driver’s license and current address. Online bidders must also provide a credit card to register. All bidders must provide a valid driver’s license and current address. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.
ONLINE ABSENTEE BIDDING (Pre-auction only): Bidders may elect to place absentee bids online prior to the opening of the live auction. Online absentee pre-bidding will end 24 hours prior to the start of the live auction. The highest absentee pre-bids will be taken into the live auction as the opening bids on applicable tracts and combinations. Bidders who placed absentee bids online in advance of the auction who also wish to bid in the live auction must follow the registration requirements above for onsite or phone bidding. No live online bidding will be offered.
DOWN PAYMENT: The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price immediately following the close of bidding. Cash, cashier’s check or personal/business check will be accepted from onsite bidders. Bank wire will be required from phone or online absentee bidders.
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 immediately following the close of bidding. Winning phone bidders or online absentee bidders will be sent the real estate sale contract to sign via DocuSign/email. All final bid prices are subject to Seller approval, unless announced otherwise.
CLOSING: Buyer(s) shall close within 45 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s), if applicable.
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).
SURVEY Seller shall provide a survey for any tract where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller. The type of survey performed shall be at the seller’s option and sufficient for providing a legal description for title insurance. Purchase prices shall be adjusted to reflect any differences between advertised and surveyed acres.
REAL ESTATE TAXES & ASSESSMENTS: 2016 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 ten percent (10%) 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: Johnson County Land Auction
I-35 to US 169 (exit 215), south 7.5 miles to 199th St., east, gradulaly turn south into Webster St., south to 207th St., east 1.5 miles to property on south side of 207th St.
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