Vaughn-Roth Land Brokers
Date(s) 5/28/2024 - 5/30/2024
Beginning at 12 p.m. on May 28th, 2024 with a dynamic closing to start at 2:00 p.m. on May 30th, 2024.
Past Auction
Online-Only Auction
Shipping Not Available
Bidding Notice:
Buyers are to review the Terms and Condtions of Sale prior to bidding. Buyers will need to submit a letter of credit or proof of funds from their bank before Registration will be approved. This information can be emailed to Cameron@VaughnRoth.com
Auction Information
| Name | DeLay Family Tract 2: Hwy 54, Yates Center, KS - 211 +/- AC |
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| Auctioneer |
Vaughn-Roth Land Brokers
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| Type | Online-Only Auction |
| Date(s) | 5/28/2024 - 5/30/2024 |
| Auction Date/Time Info |
Beginning at 12 p.m. on May 28th, 2024 with a dynamic closing to start at 2:00 p.m. on May 30th, 2024.
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| Preview Date/Time | 5/28/24-5/30/24 |
| Checkout Date/Time | 5/30/2024 |
| Location |
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| Buyer Premium | There's no buyer's premium |
| Description |
Vaughn-Roth Land Brokers is very honored to represent the DeLay family with the marketing and sale of these two excellent parcels located in Woodson County, Kansas, just west of Yates Center. The most discerning of Buyers will find much to like here, whether their interest is in well cared for Native grass featured on Tract 2 to expand their cattle operation or a premium hunting tract with a beauty found on Tract 1 that would be tough to rival. These properties have been in the DeLay/Sheedy families' hands for decades and this offering presents what may be a once-in-a-lifetime opportunity to add quality to your land holdings.
Tract 2 is located on Highway 54 approximately 5 miles west of Yates Center, Kansas. This is an enviable tract of Native grass pasture that’s been provided excellent stewardship by the tenant. The care is evident from a tour on the ground as well as very obvious from the drone pictures where you can still see the sprayer tracks. The cattle operator will also enjoy the fact that there’s not an overabundance of waste from trees, ditches, oil production or erosion. This is a clean and efficient pasture that will put the lbs on their cattle and transition to dollars in their pocket.
Livestock water is provided by two ponds with one in both the northern and southern halves, as well as a wet-weather creek that meanders through the eastern portion. Boundary fences on the property are barbed wire that rate from adequate to very good on the north, south and east sides. There is no boundary fence on the west side as the subject tract and the neighboring tract have been rented by the same grazing tenant in recent years. There will need to be new fence constructed along the west boundary to separate this pasture from the neighbors. We will defer to Kansas fencing laws on this matter.
The location is also attractive with direct access off Highway 54 and short drives to the scales at Yates Center and multiple livestock markets located at Fredonia, Eureka, El Dorado and Emporia. There’s also two well-known Superior Livestock representatives that live within 10 miles of the property that provide additional options.
Please give Cameron Roth a call at 785-917-0867 to setup a tour of this gorgeous tract of Native pasture. You’ll greatly appreciate its quality and stewardship when considering it for annexing to your cattle operation.
This real estate is being offered via online auction that will begin at 12 p.m. on May 28th, 2024 with a dynamic closing to start at 2:00 p.m. on May 30th, 2024.
Legal Description: The NW 1/4 of Section 25, Township 25 South, Range 14 East of the 6th P.M. subject to right of way of US Highway No. 54 AND All of that part of the S 1/2 of the SW 1/4 of Section 24, Township 25 South, Range 14 East of the 6th P.M. lying south of US Highway No. 54 right of way, subject to right of way of US Highway No. 54, Woodson County, Kansas. 211 acres, more or less.
Driving Directions: From Yates Center, KS take Highway 54 west for 5 miles and the property begins on the south side.
Taxes: $999.05
Earnest Money: $40,000.00 due on day of the auction.
Closing: On or before July 2nd, 2024.
Possession: After expiration of the grazing lease which expires on October 15th, 2024. Proceeds of the lease shall go to the Buyer. There's a capable tenant in place who's interested in continuing to lease the property if the Buyer needs a tenant.
Disclosure: Like the majority of this region, there is a presence of Sericea Lespedeza on the subject real estate.
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Terms and Conditions
TERMS AND CONDITIONS OF SALE
SELLER: DeLay Family - Tract 2
ACREAGE: Selling as 324 acres more or less.
BRIEF LEGAL DESCRIPTION: The NW 1/4 of Section 25, Township 25 South, Range 14 East of the 6th P.M. subject to right of way of US Highway No. 54 AND All of that part of the S 1/2 of the SW 1/4 of Section 24, Township 25 South, Range 14 East of the 6th P.M. lying south of US Highway No. 54 right of way, subject to right of way of US Highway No. 54, Woodson County, Kansas. 211 acres, more or less.
RESTRICTIONS: This real estate sells subject to (1) all County and State laws, ordinances, and regulations and (2) any easements, encumbrances, leases, and restrictions applicable to the property.
EARNEST DEPOSIT: Earnest money in the amount of $40,000.00 payable to Woodson County Title is due on auction day and upon signing the purchase contract. The earnest deposit can be paid in the form of personal or business check, cashier's check, certified check or wire transfer. The Buyer's earnest deposit is non-refundable unless the Seller fails to close on this transaction due to the Seller's inability to deliver marketable title.
MINERALS: The Seller's mineral interest shall transfer to the Buyer.
POSSESSION: After expiration of the grazing lease which expires on October 15th, 2024. Proceeds of the lease shall go to the Buyer. There's a capable tenant in place who's interested in continuing to lease the property if the Buyer needs a tenant.
TAXES: Property taxes will be pro-rated to the date of closing. Taxes for any previous years are to be paid by the Seller. 2023 property taxes were $999.05.
TITLE/CLOSING COSTS: Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing fee. A preliminary title policy has been prepared by Woodson County Title and will be updated with Buyer information prior to closing. Buyer is responsible for cost of any lender's policy.
TITLE EVIDENCE/DEED: Seller will deliver to Buyer an insurable deed for the property at time of closing, conveying clear and marketable title to said property, free of all encumbrances, liens and judgment, except for those lawful conveyances and restrictions that exist on record before the date of the auction as noted in the title insurance commitment.
PROPERTY SOLD "AS IS, WHERE IS, WITH ALL FAULTS" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND: This real property shall be sold subject to conditions, restrictions, right-of-way easements, and reservations, if any, of record, filed and untitled mechanic's and material liens.
CLOSING: Buyer must close the transaction for this real estate on or before July 2nd, 2024. The balance of the purchase price must be paid by cashier's check or wired funds at closing. The purchase is not contingent on financing.
AGENCY: The Broker/Auctioneer is acting as Agent for the Seller only. All information and materials provided by the Broker is subject to inspection by all interested parties. Prospective bidders should independently verify any information being relied upon in making a purchasing decision.
LIQUIDATED DAMAGES: Buyer will forfeit all of their earnest deposit if they cannot close within the stated time herein and no written extension has been granted by the Seller. If such actions occur, Woodson County Title hereby has the right to disperse the earnest deposit as determined by Vaughn-Roth Land Brokers and the Buyer has no claims to such money or property being sold. If the Sellers default on this transaction due to inability to deliver marketable title, the earnest money will be returned to the Buyer in full.
BIDDER'S DUTY TO INSPECT: All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller, the Broker or any other person or entity. Personal inspection of all property by potential bidders is strongly recommended. All sales are subject to the conditions and terms contained herein. The failure of any bidder to inspect or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, rights-of-way, or any other information that can be obtained as public record in the County courthouse or any municipal office concerning subject properties. Any and all announcements made at the time of auction take precedence over all other verbal, printed, announced, and/or distributed information. Please note that you are bidding to purchase the property as is.
CONTRACT: Vaughn-Roth Land Brokers requires that the winning bidder close on this transaction prior to assigning the property to another party. There will not be any division of the property, writing of multiple contracts or requirement of more than one closing related to this transaction.
BIDDING: Will be by the total dollar amount.
CONTINGENCIES: This real estate is selling as-is and is not contingent upon inspections, appraisals, approval of financing or any other requirements by any entity. If the Buyer fails to close on this transaction, the earnest money due on auction day shall not be refunded unless the Seller cannot deliver marketable title.
BIDDING REGISTRATION AND APPROVAL: To register, visit VaughnRoth.com and click on this listing where you will find a "Register To Bid" tab. Once you submit your request for registration, you must contact Cameron Roth at 785-917-0867 and provide proof of funds or a letter of credit prior to being approved.
Bid Increments
Your bid must adhere to the bid increment schedule.
| Bid Amount | Bid Increment |
|---|---|
| 0.00 - 9,999,999.99 | 1,000.00 USD |
Payment Information
| Currency | USD |
|---|---|
| Buyer Premium | There's no buyer's premium |
| Payment Terms |
EARNEST DEPOSIT: Earnest money in the amount of $40,000.00 payable to Woodson County Title is due within 48 hours of the end of the auction. The earnest deposit can be paid in the form of a personal check, business check, cashier's check, certified check or wired to the title company. Contact Broker for wiring instructions. The earnest deposit is non-refundable unless the Seller fails to close on this transaction. Successful Bidders not executing and returning their contract with Earnest Deposit within 48 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as Buyer, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all cost incurred by the Seller and Vaughn-Roth Land Brokers in a subsequent resale of the property.
2023 TAXES will be pro-rated to the date of closing. Taxes for any previous years are to be paid by the Seller.
TITLE/CLOSING COSTS: Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing. A preliminary title policy has been prepared by Woodson County Title and will be updated with Buyer information prior to closing. Buyer is responsible for the cost of a lender's policy if required.
CLOSING: Buyer must close sale of this real estate on or before July 2nd, 2024 unless otherwise agreed to by all parties subject to the purchase contract. The balance of the purchase price must be paid by certified check or wired funds at closing. This purchase is not contingent on financing.
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Shipping / Pick Up
N/A