Status: Active Online Auction

Tract 1 of 4, Kee Family Land Auction, Holt County, MO

117+/- acres high quality, highly tillable Holt County, MO farmland.

Managing Realtor/Auctioneer

Dennis Prussman

(816) 262-6178

dennis.prussman@gmail.com

Tract 1 of 4 Location:

State HWY Y, Oregon, MO.
County: Holt
School District: South Holt R1

Tract 1 of 4, Acres:
116.7+/- Taxed Acres (120.2 less approximately 3.5 around the house).
103.3+/- FSA Cropland Acres (this excludes the 1.91 hay/grass being offered with tract 2)
You'll be bidding on 117+/- Acres

Tract 1 of 4, Taxes:
Taxes for tract 1 and tract 2 are a combined $870.26. If the two tracts sell separately, tax amounts will be re-assessed for each. Taxes on similar farmland in the area are typically in the range of $3 to $4 per acre.

Tract 1 of 4, Utilities
Review Seller Disclosure for Tract 2.

Tract 1 of 4, Features:
High Quality Farmland

Soil Sampling Reports Available

Farm is Open For 2024 Farm Season
Terraced & Tiled Where Needed
Outstanding Farmer Stewardship
Family Owned Since 1959

Same Farmer Since 2007
Blacktop Road Frontage

Rare Holt County Opportunity

20-minutes to St Joseph, MO

Tract 1 of 4, Property details:

This rare Holt County opportunity, located on State HWY Y, presents an outstanding investment in high-quality farmland. This family-owned gem, held since 1959, is poised to usher in a new era of prosperity for its future owner. Of the total 117+/- acres, 103+/- are considered FSA cropland acres. This property boasts high-quality farmland that has seen a history of meticulous care. Regular soil sampling and targeted fertilizer inputs have ensured its continued fertility, making it a prime choice for strong production. The farm is open for the  2024 farm season, meaning the new owner will have the option of farming it him or herself, leasing it to the current farmer, or leasing to a new farmer. Terraced and tiled where needed, this land is optimized for efficient and productive farming practices. The farm's legacy of outstanding stewardship is credited to the dedicated farmer who has overseen its care since 2007, ensuring consistent quality and productivity.

 
Tract 1 of 4, Directions:
From St. Joseph, MO, north on Interstate 29, to State Highway 59 north, then north on State Y.

Bidding:

Online only

November 10, 2023, bid opening
November 17, 2023 bid closing begins at 10am
December 27, 2023 close at First American Title, St. Joseph, MO

Viewing the Property:

Interested parties are welcome to go look at the farm. Do not drive on or damage the growing crop. After crops are harvested, you are welcome to use an ATV or UTV to inspect the farms.

Open House:

October 21, 2023, 1 - 3pm
November 5, 2023, 1 - 3pm

Tracts 1, 3, & 4 Bid Increments

Starting at $0 bid increment is $500 per acre
Starting at $3,000 bid increment is $250 per acre
Starting at $4,000 bid increment is $100 per acre
Starting at $5,000 bid increment is $75 per acre

Starting at $6,000 bid increment is $50 per acre
Starting at $7,000 bid increment is $25 per acre

Tract 2 (House) Bid Increments

Starting at $100,000 bid increment is $20,000
Starting at $200,000 bid increment is $10,000

Starting at $250,000 bid increment is $7,500
Starting at $300,000 bid increment is $5,000
Starting at $350,000 bid increment is $1,000

Starting at $400,000 bid increment is $500

Auction Terms & Conditions:

All tracts are leased through December 31, 2023 for a combination of row crop, pasture, and/or hay ground. Buyer(s) to honor existing leases. Tenant to have access to the growing crops. All tracts will be open after December 31, 2023.

There are no hunting leases on any of the tracts.

Tract 2, the house
United Fiber has been granted easement to trench fiber optic cable along Y highway in front of the house. Buyer to honor existing right to easement. Estimated to be completed by the end of 2023.

If tracts 1 and 2 sell to different buyers, the seller will provide and pay for a legal survey, prior to closing, to divide these tracts. If the winning bidder of tract 1 also wins tract 2, a survey will not be required or provided. 

Tract 2, the house and estimated 3 to 4 acres, is offered as is, where is, no warranties expressed or implied. Four Seller Disclosures, are made part of this contract, Water Well Sewage Disclosure, Lead Based Paint Disclosure, Meth Disclosure, and Residential Property Disclosure (buyer & seller will be required to sign the disclosures). View Disclosures here.

Tract 3

There is a parcel on the north side of Interstate 29, approximately 2.34 acres. This land locked parcel is EXCLUDED from the sale.

Tract 4, has two existing CRP contracts.

5.70 acres paying $1,274.00 annually thru 2031

6.60 acres paying $1,625.00 annually thru 2032
The winning bidder of tract 4 will be required to assume the existing CRP contracts and the responsibility and liability associated with the maintenance. Seller to retain the 2023 CRP payment and buyer to receive the 2024 payment.

The thorny locust trees on tract 4 are scheduled to be removed this Fall and the CRP fields sprayed for Sericea Lespedeza and Johnson Grass. The sellers are aware it is late in the season for spraying Sericea Lespedeza and a second application will be required in the Summer of 2024. The best time to spray Serica is after July 16th to the end of August. The sellers have obtained an estimate from Sure-Ag LLC to apply an application in the Summer of 2024  and will credit the buyer this amount at closing. The estimate is $35.39/ac multiplied by 12.3 acres for a total cost of approximately $435.30. This amount will be credited to the new owner at time of closing. 

Any personal property items remaining on the property at the time of closing will become the property of the winning bidder.

This is an online only auction. Tracts will be offered individually, and auctioned in order as they are numbered beginning with tract 1, then 2, and so on. We will NOT offer an option to combine all tracts at the conclusion of the bidding. 

Online bidding opens November 10, 2023.
Online bidding ends November 17, 2023.
Each Tract will end with a soft close, meaning that a bid in the final minute will extend bidding by approximately 5 minutes.
Tract 1 will begin ending at approximately 10:00 am.
Tract 2 will begin ending at approximately 10:30 am.
Tract 3 will begin ending at approximately 11:00 am.
Tract 4 will begin ending at approximately 11:30 am

Bidding on tract 2, the house, will be a total dollar amount. Bids placed on tracts 1, 3, & 4 will be on a per acre basis (your bid times the total acres).

Bidders will be required to register and sign terms/conditions before bidding on the auction.

Bidders are required to register 24-hours prior to open bid. 

The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement, and any seller disclosures provided by the seller, and render 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.

Premier Land & Auction Group LLC / Real Broker, LLC must receive a signed copy of the contract (hand delivered, faxed, or scanned and emailed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid. The sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns.

This agreement is NOT subject to financing, inspections, or other contingencies or delays to the closing for such a reason. Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit. Sales are non-contingent; failure to close will result in forfeiture of the earnest money. 

Buyer must secure their own necessary financing approval prior to the auction. Sale is subject to owner confirmation and reserves the right to accept or reject any and/or all bids. 

The property is sold “As Is, Where Is” and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding. 

Sellers and/or the Auction Company do not guarantee acres. Taxes will be pro-rated to the day of closing. Guaranteed Marketable Property Title to prospective buyer. Seller shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute a proper deed conveying the real estate to the buyer.

New Owners will be granted possession of the property at time of closing subject to existing leases as prescribed by Missouri Law. Premier Land & Auction Group LLC / Real Broker, LLC are exclusive agents of the seller.

Sale shall include all mineral rights owned by the seller if any.

Property is sold based on the legal description.

All information contained in this advertisement and all related advertising materials are subject to the terms and conditions outlined in the purchase agreement.

Under no circumstances shall Bidder have any kind of claim against Premier Land & Auction Group LLC / Real Broker, LLC, the Sellers, or any party if the Internet service fails to work correctly before or during the auction.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed.

All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction.

There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied.

Please make all inspections and have financing arranged prior to the end of bidding.