(Kingman County) Parcel 1 – 26 +/- Acres

Friday, July 01, 2022

McCurdy Real Estate & Auction

(Kingman) Hwy 400 & Main St- South on Main St, East on 8th St to property

*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 $10,000

1485 E. 8th, Kingman, KS US

ONLINE ONLY!!! Bidding is by the acre, please review the disclosures section fordefinition.Are you looking for the right amount of acreage to build on close to town but still have the country feel? Well, look no further because this 26-acre parcel of land directly outside of Kingman is for you.

Located on 8th St, only 1 mile east of S Main St, this property is located directly in the path of progress and offers an amazing opportunity to create your dream property. The land provides unlimited potential and would be perfect for anyone looking to build, farm or invest in land.

  • 26 +/- acres
  • Tillable
  • Level
  • 8thSt Road frontage
  • 1 mile east of S Main St
  • Zoned Agricultural

There is a current and active gas lease operating on the land that is generating a royalty income. The mineral rights to this land to transfer to the new buyer and the buyer will receive a portion of that income. The portion they will receive will be determined based upon how much acreage they purchase and the percentage that the acreage makes up of the entire land the lease is on. The royalty is a 1/8 royalty that has historically been producing payments to the owner of $750+/- a month, please note that this will fluctuate with current market prices for natural gas. If you have any questions, please contact the auction manager.

DISCLOSURES

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, June14th, 2022 at 2 PM(cst)|BIDDING CLOSING: Friday, July 1st, 2022 at 2:20 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.

Taxes on the individual parcels will be estimated at closing as final amounts will not be available until such time as the lot split is finalized.

Please see survey to reference parcels, Parcel 2 is not offered for auction.

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 sales price if $800,000. 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

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. McCurdy Real Estate & Auction, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.