Agricultural Land for Auction in Burrton, Kansas

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, July 16th, 2024 at 2 PM (cst) | BIDDING CLOSING: Thursday, July 25th, 2024 at 2 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! If you are looking to add tillable acreage to your existing farm operation or simply want to invest in Kansas land, this is your opportunity. 156+/- acres of tillable farmland located in western Harvey County only 1.5 miles SW of Burrton at the NW corner of S Wheat State Rd and SW 36th. 156+/- Acres SE 1/4 S31, T23, R03W Primarily tillable acreage Easy road access on S Wheat State and SW 36th Wooded draw with Kisiwa Creek 1.5 miles SW of Burrton 9 miles W of Halstead 12 miles SE of Hutchinson 1/3rd, 2/3rd crop share with Landlords share of expenses Don't miss this opportunity to add a quality tract of land near Burrton to your portfolio! Buyer's Choice: $30,000 earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale. $40,000 earnest money deposit at the time of contracting with a closing on or before 45 days from the date of sale. Cotton is currently planted on the south portion of the property; soybeans will be planted after wheat harvest on the north portion. The landlord and tenant agree that the farm lease will transfer to the new buyer. The tenant will have the right to plant a soybean crop and harvest both soybeans and cotton. The 1/3rd share of the soybean and cotton crop and the landlord's share of expenses will transfer to the new buyer. After the fall harvest the tenant will give possession to the new buyer unless a new tenant-farmer agreement is made. Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160-acre parcel was offered "by the acre" the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total bid price of $800,000 (plus Buyer's Premium, if applicable). For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres or a parcel is 158.3 would be offered as 158 acres. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is" condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller's agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount of $30,000 for a 30 day closing or $40,000 for a 45 day closing.