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Type Online-Only Auction
Price Realized 120,500.00 USD
Date Sold 8/24/2017

Lot # 2
Group - Category Real Estate - Land
LEGAL DESCRIPTION: A tract in the SW/4 of Section 22, Township 31 South, Range 5 East of the 6th P.M., Cowley County, Kansas, beginning 215.82 feet North of the Southwest corner of said Quarter Section, thence North 1 deg. 00 min. 12 sec. West (assumed) along the West line of said Quarter Section, 478.18 feet, thence South 88 deg. 31 min. 40 sec. East, 366.00 feet, thence North 0 deg. 19 min. 46 sec. West, 256.38 feet, thence North 39 deg. 31 min. 50 sec. East, 475.49 feet, thence North 89 deg. 50 min. 57 sec. East, 1970.80 feet to the East line of said Quarter Section, thence South 1 deg. 00 min. 51 sec. East, along the East line of said Quarter Section, 1306.21 feet to the Southeast corner of said Quarter Section, thence South 89 deg. 51 min. 12 sec. West, along the South line of said Quarter Section, 2417.82 feet, thence North 3 deg. 36 min. 06 sec. West, 212.62 feet, thence North 89 deg. 13 min. 36 sec. West, 221.44 feet to the point of beginning PROPERTY LOCATION: From Winfield KS: North on US 77/K15 Hwy to 132nd Rd, 1 mile north on 131st Rd, 1 mile east on 122nd Rd, 1 mil north on 141st Rd, 1 mile east on 112th Rd, 1 mile north on 151st Rd OR From east edge of Winfield KS: US 160 Hwy east to 151st Rd & 9.3 miles north FSA INFORMATION: 63.22 Total Acres 58.73 Acres Tillable 4.49 Acres Grass & Waterway WHEAT: 13.29 Acre Base, 33 Bu/Ac Yield GRAIN SORGHUM: 2.92 Acre Base, 44 Bu/Ac Yield SOYBEANS: 10.02 Acre Base, 11 Bu/Ac Yield SOIL TYPE: Approx 78% Rosehill silty clay (1-3% slopes), 19% Irwin silty clay loam (1-3% slopes), 3% Labette silty clay loam (1-3% slopes) 2016 TAXES: $146.26 – Seller to give Buyer credit for one-half of 2017 taxes Earnest Deposit: 10% of Contract Purchase Price MINERALS: Minerals are believed to be intact; all Seller-owned minerals convey to Buyer POSSESSION: At closing and subject to current tenant lease CROP SHARE: Buyer shall receive landowner’s 1/3 share of 2017 fall crops not harvested by August 31, 2017, and equivalent FSA payment. Buyer shall reimburse / pay landowner’s 1/3 share of fertilizer and chemical applied to 2017 fall crops. CLOSING: On or before September 29, 2017; closing and title insurance shared equally Lonnie & Colleen Bosley Family Trust, Seller Jeremy Wiens, Auctioneer – 316.640.3193
Auctioneer Theurer Auction/Realty, LLC.
Type Online-Only Auction
Date(s) 7/25/2017 - 8/24/2017
Begins closing at 5 pm on Thurs. August 24, 2017
Preview Date/Time Please call Jeremy Wiens at 316-640-3193 for information
Checkout Date/Time 30 day closing
Location Near Winfield Lake
Winfield, KS 67156
Buyer Premium 10% Buyers Premium
Three tracts of recreational and tillable land in Cowley County KS
"ONLINE ONLY" REAL ESTATE BIDDING AUCTION TERMS AND CONDITIONS REGISTRATION: Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid. BIDDING ONLINE: The only way this property may be purchased is via online bidding during the published bidding period. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance (620.326.7315) To place a bid, bidders enter their "maximum" bid and click the "Place Bid" button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the reserve is met, then the system will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The Auctioneer does not know any bidder's maximum bid. The system will not advance a bidder's own bid. Online-only auctions utilize the "Soft Close" feature that automatically extends the bidding time if a bid is received in the last 3 minutes of the published bidding period. The extensions will continue until 3 minutes have lapsed without any bidding activity, at which time the auction is concluded. BUYER'S PREMIUM: A buyer's premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s). Sample calculation -- High bid = $50,000 Buyer's Premium = $ 5,000 (10% of 50,000) Total purchase price = $55,000 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: At the conclusion of the auction the Winning Bidder will receive an email confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company. The Auctioneer or his representative will contact the Winning Bidder the following morning to address any questions concerning the required process. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Theurer Auction/Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller's reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller's reserve will be declared "sold" by the Auctioneer. In instances where the seller's reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller's sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately. DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment equal to 10% of the total purchase price.. This deposit must be paid by wire transfer, personal/business check (if Winning Bidder is known by the Company), or by certified funds, by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Theurer Auction/Realty auction events. CLOSING: The Winning Bidder shall close within 30 days of the auction date, unless stated differently in the Purchase Agreement. 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: 2017 taxes are to be prorated as of the closing date. INSPECTIONS: All inspections and any requirements for repairs from the inspections are the responsibility and at the cost of the Buyer. This includes but not limited to, septic, well, lagoon, termite, structural, environmental. EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all leases. AGENCY: Theurer Auction/Realty LLC and its representatives are Exclusive Agents of the Seller. 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 information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller's reserve (if applicable). This property is available for and subject to sale prior to auction. Property is being sold subject to Seller confirmation. PRE-AUCTION SALES: As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Purchase Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 50.00 2.50 USD
50.01 - 200.00 5.00 USD
200.01 - 500.00 10.00 USD
500.01 - 1,000.00 25.00 USD
1,000.01 - 2,500.00 50.00 USD
2,500.01 - 10,000.00 100.00 USD
10,000.01 - 50,000.00 250.00 USD
50,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Buyers Premium
Payment Terms
TERMS: - 10% of total contract purchase price is due immediately from all successful bidders with balance due at closing. - Property is being sold "AS IS, WHERE IS" and without any contingencies including financing. - 30 day closing. - Title Insurance and closing fees shared between buyer and seller.