*SOLD* 562 +/- Acres Marshall County Kansas Land Auction

*SOLD*

Land Auction:  Pishny Four, LLC – Seller

Saturday, July 29th @ 10 A.M. Blue Rapids City Hall, 4 Public Square, Blue Rapids, KS

562 +/- Acres Marshall County Kansas Land

***Contracts and Preliminary Title Commitment can be viewed and downloaded under Attachments below. (7/25/23)

Tract 1:

This land is located in S15, T04, R06, 99.15 Surveyed Acres (See “Survey” under attachments below. Surveyed Acres Updated 7/16/23), SW4 NE4 & W2 SE4 LESS R/W, Located south of the center of the river.

FSA Details:

• 91.3 FSA DCP Cropland Acres
• 91.3 Base Acres (57.07 Soybeans, 34.23 Wheat)

Buyer to take possession at closing subject to tenants rights. The tenant is operating under a verbal lease through March 1, 2024. The buyer is responsible to terminate the tenant under Kansas Lease Law if the buyer does not wish to retain the tenant after that date. Buyer is to receive the 2nd half of the cash rent on the cropland on November 15, 2023, in the amount of $75 per cropland acre ($150 per cropland acre annually) for 91.3 cropland acres.

Broker’s Notes: Tract 1 offers producers and investors an opportunity to own HIGHLY PRODUCTIVE and coveted river bottom ground featuring 89.3% Class I & Class II soil types (Eudora Silt Loam & Muir Silt Loam).  These soil types are considered PRIME cropland and are sure to produce excellent yields year after year.

Estimated Property Taxes: $2,379.81

Tract 2:

This land is located in S15, S16, S22, T04, R06, & RAILROAD ADDN, BLOCK 29, LOTS 6 & 7 & W2 VAC ADJ ALLEY, 227.34 Surveyed Acres (See “Survey” under attachments below. Surveyed Acres Updated 7/16/23), Located south of the center of the river, east of 4th Road, and north of Elm Street.

Irrigation Water Rights: Tract 2 has 36 acres authorized with 36 acre-feet of water annually at 830 gallons per minute appropriated effective on February 20, 1954. The sellers entered a 10-year Water Rights Conservation Contract in January of 2013 that comes out in December of 2023. (See “Water Rights Appropriation – Tract 2”, “Water Rights Sketch – Tract 2”, and “WRCP – Tract 2” for all details on the water rights for Tract 2 in “Attachments” below.)

FSA Details: (Estimated)

• 188.24 FSA DCP Cropland Acres
• 165.26 Base Acres (68.24 Wheat, 58.2 Soybeans, 26.49 Sorghum, 12.34 Corn)

Buyer to take possession at closing subject to tenants rights. The tenant is operating under a verbal lease through March 1, 2024. The buyer is responsible to terminate the tenant under Kansas Lease Law if the buyer does not wish to retain the tenant after that date. Buyer is to receive the 2nd half of the cash rent on the cropland on November 15, 2023, in the amount of $75 per cropland acre ($150 per cropland acre annually) for 183.91 cropland acres.

Please Note…An easement will be filed with the county for the waterline that parallels Elm Street from just north of the water meter to the east then follows the driveway north towards the homesite.  (See “Easement for Utilities” and “Utility Easement Illustration” below in Attachments.)

Broker’s Notes: Tract 2 offers producers and investors an opportunity to own HIGHLY PRODUCTIVE and coveted river bottom ground with Senior Irrigation Water Rights along with a HIGH percentage of Class I & Class II soil types (Eudora Silt Loam & Muir Silt Loam).  These soil types are considered PRIME cropland and are sure to produce excellent yields year after year.

Estimated Property Taxes: $4,010.63

Tract 3:

This land is located in S15&S16, T04, R06, 53.64 Surveyed Acres (See “Survey” under attachments below. Surveyed Acres Updated 7/16/23) Located north of the center of the river. Buyer to take possession at closing subject to tenants rights. The tenant is operating under a verbal lease through March 1, 2024. The buyer is responsible to terminate the tenant under Kansas Lease Law if the buyer does not wish to retain the tenant after that date.

FSA Details: (Estimated)

• 38.01 FSA DCP Cropland Acres
• 33.43 Base Acres (13.8 Wheat, 11.77 Soybeans, 5.36 Sorghum, 2.50 Corn)

Buyer to take possession at closing subject to tenants rights. The tenant is operating under a verbal lease through March 1, 2024. The buyer is responsible to terminate the tenant under Kansas Lease Law if the buyer does not wish to retain the tenant after that date. Buyer is to receive the 2nd half of the cash rent on the cropland on November 15, 2023, in the amount of $75 per cropland acre ($150 per cropland acre annually) for 34.23 cropland acres.

Please Note…There is a Non-Exclusive Easement granting the right to lay, maintain, replace, and remove a pipeline for the transportation of water over and through Tracts 3 and Tract 4.  It is believed that the location starts by the wells and runs north, northeast across Tract 3 and continues the same direction on Tract 4 on a path lying just east of the pond in the pasture on Tract 4 to a meter pit located where 4th Road heads north on the north side of Lake Idlewild Road. The waterline provides city water to residences north of Tract 4. (See “Waterline Easement – Tracts 3 & 4” in attachments below.)

Broker’s Notes: Tract 3 is the perfect sized tract for young producers buying their first river bottom, veteran producers looking to ad quality acres to their operation, and investors adding to their portfolio. Don’t miss your opportunity to own HIGHLY PRODUCTIVE and coveted river bottom ground featuring Class I & Class II soil types (Eudora Silt Loam & Muir Silt Loam).  These soil types are considered PRIME cropland and are sure to produce excellent yields year after year.

Estimated Property Taxes: $355.13

Tract 4:

This land is located in S15 & S16, T04, R06, 99.99 Surveyed Acres (See “Survey” under attachments below. Surveyed Acres Updated 7/27/23), Located north of the center of the river less Tract 3 & Less R/W.
***PLEASE NOTE THAT PER THE 7/27/23 UPDATED SURVEY, SURVEYED ACRES WENT FROM 101.51 acres to 99.99 acres. See “Survey – Tract 4 Illustration showing update #1” and “Survey – Tract 4 Illustration showing update #2” where updates were made for 1.43 acres of land deeded to the City of Waterville located near Lake Idlewild and land deeded to Marshall County on the north and west side of 4th Road where 4th Road curves and goes east.

This tract also has 2 separate CRP Contracts and a KDWP access contract.

CRP Contract 1 Details: (See “CRP 1” to see the contract in “Attachments” below.)
Contract Period: 10/1/2013 through 09/30/2023
Contract Acres: 25.40
Annual Contract Payment: $2,633.00 (2023 payment stays with the seller)
Rental Rate Per Acre: 103.66

CRP Contract 2 Details: (See “CRP 2” to see the contract in “Attachments” below.)Contract Period: 10/1/2021 through 09/30/2031
Contract Acres: 6.75
Annual Contract Payment: $678.00 (2023 payment stays with the seller, 2024 and beyond go to the buyer)
Rental Rate Per Acre: 100.48

KDWP Fishing Access Contract Details:
Contract Period: 2023-2027
Annual Payment: $1,000.00 paid on or about April 1 each year
Type of Access Granted: Foot Acces Only
(See “KDWP – Fishing Access Contract in “Attachments” below to view the contract.)
KDWP agrees to terminate this contract in early September and if the new owner would like to continue KDWP would be willing to do a new contract with the buyer (See
KDWP – Fishing Access Contract (Notice to Terminate) in “Attachments” below.)

Please Note…There is a Non-Exclusive Easement granting the right to lay, maintain, replace, and remove a pipeline for the transportation of water over and through Tracts 3 and Tract 4.  It is believed that the location starts by the wells and runs north, northeast across Tract 3 and continues the same direction on Tract 4 on a path lying just east of the pond in the pasture on Tract 4 to a meter pit located where 4th Road heads north on the north side of Lake Idlewild Road. The waterline provides city water to residences north of Tract 4. (See “Waterline Easement – Tracts 3 & 4” in attachments below.)

Buyer to take possession at closing subject to tenants rights. The current pasture tenant is operating under a verbal lease through November 1, 2023. The buyer is responsible to terminate the tenant under Kansas Lease Law if the buyer does not wish to retain the tenant after that date.

FSA Details: (Estimated)

• 40.31 FSA DCP Cropland Acres
• 35.33 Base Acres (14.59 Wheat, 12.44 Soybeans,5.66 Sorghum, 2.63 Corn)

Broker’s Notes: Outdoorsman’s DREAM property or the PERFECT spot to build your FOREVER HOME! Tract 4 is nestled along the Little Blue River with excellent Whitetail Deer Habitat, and access to the river for fishing, trapping, waterfowl hunting, and more. This tract also has a 15 +/- acre pasture, and 32.15 acres of cropland currently enrolled in CRP.

Estimated Property Taxes: $303.05

Tract 5:

Home & Building Site, 7.14 Surveyed Acres (See “Survey” under attachments below. Surveyed Acres Updated 7/16/23)

For complete details, pictures, seller disclosures, and virtual tour of Tract 5…CLICK HERE

****OPEN HOUSE**** Friday, July 14th, 4:00pm to 6:00pm AND Sunday, July 16th, 1:00pm to 3:00pm

Estimated Property Taxes: $1705.25 (Updated 7/21/23)

Tract 6:

S21, T04, R06, ACRES 76.7, N2 SW4 LESS R/W

FSA Details:

• 73.44 FSA DCP Cropland Acres
• 73.4 Base Acres (31.1 Wheat, 30.2 Soybeans, 12.1 Sorghum)

Buyer to take possession at closing subject to tenants rights. The tenant is operating under a verbal lease through March 1, 2024. The buyer is responsible to terminate the tenant under Kansas Lease Law if the buyer does not wish to retain the tenant after that date. Buyer is to receive the 2nd half of the cash rent on the cropland on November 15, 2023, in the amount of $75 per cropland acre ($150 per cropland acre annually) for 71.71 cropland acres.

Broker’s Notes: Tract 6 features 100% Class 1 & Class II Soil with Muir Silt Loam, Nodaway Silt Loam, and Ladysmith Silty Clay Loam soil types. The soil types and easy and 1/2 mile of Highway  9 frontage make this the perfect property for ALL producers and investors.

Property Taxes (2022): $1832.66

Order of Sale:

1. Tract 2 followed by Tract 1 (updated 7/24/23) will be auctioned separately with the high bid held on each tract. Held bids for Tracts 1 & 2 will be combined and $10,000.00 added to determine the starting bid for selling them as a combined tract. If a bid is placed for the combined tracts, upon that bid reaching its highest amount…a negotiation will occur between high bidders on Tracts 1 & 2 individually and the high bidder on the combined tract.
2. Tracts 3 & 4 will be auctioned separately with the high bid held on each tract. Held bids for Tracts 3 & 4 will be combined and $10,000.00 added to determine the starting bid for selling them as a combined tract. If a bid is placed for the combined tracts, upon that bid reaching its highest amount…a negotiation will occur between high bidders on Tracts 3 & 4 individually and the high bidder on the combined tract.
3. Tract 5 will be auctioned and sold to the highest bidder.
4. Tract 6 will be auctioned and sold to the highest bidder.
5. ALL Bidding will be in WHOLE DOLLARS…NOT on a per-acre basis.

Terms & Possession: 10% down day of sale, balance due at closing on or before 9/6/2023. Seller to pay 2022 and prior years taxes with 2023 taxes prorated to date of closing.  Title insurance, escrow and closing costs to be split equally between buyer and seller.  Property to be sold “AS-IS, WHERE-IS” subject to items that would be disclosed on a survey, claims of adverse possession, and all easements, exceptions of record . All inspections should be made prior to the day of the sale.  Possession at closing subject to tenants rights.  (See website for details). Sellers interest in mineral rights transfer with the sale of property. This is a cash sale and is not subject to financing, have your financing arrangements made prior to auction. Midwest Land and Home is acting as a Seller’s Agent and represents the seller’s interest. All information has come from reliable sources; however, potential buyers are encouraged to verify all information independently. Seller expressly disclaims any liability for errors, omissions or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the seller or their agents. Statements made the day of sale take precedence over all other printed materials.  Aerials and acres are estimates and representations ONLY…actual acres and property lines will be determined by a survey prior to closing.

For more information contact: Jeff Dankenbring, Listing Broker at 785.562.8386
or email Jeff@midwestlandandhome.com

****ONLINE BIDDING REQUIRES PRE-REGISTRATION**** – REGISTRATION MUST BE COMPLETED NO LATER THEN 12:00 P.M. Thursday, July 27, 2023. In addition to registering through our APP or on our website you will be required to fill out “Online Bidder Terms” found below in the “Attachments” section. You must return complete the online registration AND have this form back to us by email, mail, or delivered in person by the deadline. Please DO NOT delay in getting registered.

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