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365 Main St
Little River, KS 67457

Real Estate Auction

Saturday, November 8, 2008 at 10:00 a.m.

360 Acres Rice County Land

Mutual Telephone Company Conference Room
365 Main Street - Little River, KS

360 acres Rice County Land

Nelson Family Heirs

#1 - Tract 1 (200 acres)

  • Legal Description - The Southeast Quarter (SE/4) and the Southeast Quarter (SE/4) of the Northeast Quarter (NE/4) of Section Eleven (11), Township Nineteen (19), Range Six (6) West of the 6th P.M., Rice County, Kansas
  • Property Tax - 2008 taxes were $867.46
  • FSA Information - 149.23 acres tillable with balance in pastures and waterways. All land is under conservation practices.
    • FSA yields –
      • Wheat – 35 bu./acre
      • Milo – 47 bu./acre
      • Soybeans – 17 bu./acre
  • Disposal Well - Tract has a salt water disposal well which pays $300.00 a year.
  • Mineral Rights - Mineral rights are intact and will sell with the land. There is no present lease.

Auctioneer’s Comments - This is gently rolling, productive farm land. The pasture land has two ponds and enough trees to be excellent deer and turkey habitat. The proximity to Little River, Windom, and McPherson would make this a great home building site. Rural water is within one-half mile.

#2 - Tract 2 (160 acres)

  • Legal Description – The Northeast Quarter (NE/4) of Section Fourteen (14), Township Nineteen (19) South, Range Six (6) West of the 6th P.M., Rice County, Kansas
  • Property Tax – 2008 taxes were $1189.10
  • FSA Information – 154.42 tillable acres with .7 acre grass waterway. All land is under conservation practices.
    • FSA yields –
      • Wheat 35 bu./acre
      • Milo – 46 bu./acre
      • Soybeans – 17 bu./acre
  • Mineral Rights – Mineral rights are intact and will not sell with the land. They will be sold separately at auction.

Auctioneer’s Comments – This is gently rolling, productive farm land.

#3 – Mineral Rights to Tract 2

  • All mineral rights on Tract 2. Owners are presently receiving one-eighth (1/8) owners’ royalty of three (3) oil wells producing approximately two (2) barrels per day.
PDF Sale Bill
PDF Real Estate Details

TERMS OF SALE:
· $5000.00 as earnest money per tract on day of auction with balance due upon closing.
· Possession will be at closing subject to rights of tenant.
· Seller will provide title insurance with the cost being shared equally by Buyer and Seller.
· Closing cost will be split equally by Buyer and Seller.
· 2008 property taxes will be prorated to closing.
· Buyer will receive 1/3 share of planted wheat and pay owners’ share of the fertilizer.
· Sale is not contingent on Buyer obtaining financing. Buyer needs to have financing in place at time of Auction.

General Information:
· All property is in an area being considered for Wind Farm development.
· Tract 1 would make an excellent home site and is within the progressive USD 444 (Little River-Windom) School District. Rural water is within one-half mile of tract.
· The pasture area offers the potential for good deer and turkey hunting.
Announcements made on day of Auction take precedence over printed matter.

Oswalt Auction & Realty

Bill Oswalt
620-897-6354 Office 620-897-7500 Cell