AUCTION: July 25th, 2019

160 Acres prime Ellis County Farmland.

DIRECTIONS: 8-miles West of Arnett, OK on Hwy 60. Then South 3/4-mile on N 1730 Road to property on West-side.

Auction Overview

AUCTION DATE & TIME:
 July 25th at 2pm

AUCTION LOCATION:
 On-site, 3/4 mile South of Hwy 60 on 1730 Rd

INSPECTIONS:
 During daylight hours

LICENSE INFO:  OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

160 acres prime farmland offered in 2 parcels located approximately 8-miles West of Arnett in Ellis County, OK.

No buyers premium.

ACREAGE ESTIMATES:

Parcel 1 – 40 acres

Parcel 2 – 120 acres

CRP INFORMATION:  Both parcels front North 1730 Road. Portions of the property are in CRP with an annual payment of $3063.00.  Parcel 1 – Estimated 37 acres in CRP @ $29.96/ac, $997.50 annually. Parcel 2 – Estimated 76 acres in CRP @ $26.96/ac, $2,048.90 annually. Program expires 9/30/2020.

SCHOOLS: Shattuck Public Schools

TAXES: $130.17 (2018)

All map & boundary illustrations are approximate – refer to survey.

All map & boundary illustrations are approximate – refer to survey.

Printable map PDF’s available by clicking the buttons above. Interactive map below. Interact with the map by clicking ‘View Full Screen’; zoom in or out by clicking the ‘+’ or ‘-‘ in the lower right corner; click ‘Base Layers’ to switch between Satellite, TOPO or street maps; or click ‘SOIL REPORT’ to view an interactive soil report.

CRP INTERACTIVE MAP

Printable map PDF’s available by clicking the buttons above. Interactive map below. Interact with the map by clicking ‘View Full Screen’; zoom in or out by clicking the ‘+’ or ‘-‘ in the lower right corner; click ‘Base Layers’ to switch between Satellite, TOPO or street maps; or click ‘SOIL REPORT’ to view an interactive soil report.

All map & boundary illustrations are approximate – refer to survey.

Printable map PDF’s available by clicking the buttons above. Interactive map below. Interact with the map by clicking ‘View Full Screen’; zoom in or out by clicking the ‘+’ or ‘-‘ in the lower right corner; click ‘Base Layers’ to switch between Satellite, TOPO or street maps; or click ‘SOIL REPORT’ to view an interactive soil report.

DISCLOSURES:

  • Property will not be surveyed. Contracts will use existing tax parcel legal descriptions.
  • Sells subject to current CRP contract which expires September 2020.
  • If parcels sell separately, the CRP acreage per parcel will be determined by the Dept. of Agriculture. Acreage amounts advertised are estimates only.
  • No minerals convey. Subject to existing oil lease.
  • No minerals convey. Subject to existing oil lease.
  • All parcels subject to any existing recorded easements.
  • Locations of parcel signs, maps, and picture illustrations are for reference only. Refer to survey for boundaries if available and/or legal descriptions. Fence lines may not follow property boundaries per survey.
  • If property divides, all abstracts covering any individual parcel will be placed on deposit with said title company to be held for the use of any and all future buyers. Buyers are responsible for the cost of supplemental abstract(s).

TERMS & CONDITIONS:

  • No buyers premium.
  • All properties are being sold ‘as is, where is’ and are not subject to financing, inspections or any other contingencies.
    CJ Auctions represents the seller only.
  • The high bidder must make a 10% (Min $5,000) non-refundable deposit on sale day (cash, personal or cashier checks)
  • Buyer will receive deed and title insurance.
  • Buyer will pay for (but not limited to) the closing fee & title policy. Taxes will be prorated through date of closing.
  • Balance and closing costs are due 30 days from seller acceptance.
  • Sale is subject to seller confirmation.
  • All bidders must register with CJ Auctions prior to bidding (registration is held 1-hour prior to auction) and provide a driver’s license or government-issued identification.
  • Absentee bidders must pre-register and qualify through CJ Auctions 48 hours prior to sale day.
  • All persons inspecting the property, attending an open house or auction do so at their own risk and shall not hold CJ Auctions or their agents liable for damages to their person or property.
  • ONLINE BIDDING: Individuals must wire 10% of opening bid amount (minimum $10,000) 48 hours prior to auction to be fully authorized to bid online. Contact CJ Auctions at 918 550 8118 for detailed wiring instructions.

LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

SALE METHOD: Buyers’ Choice by the Acre.

How ‘Buyers Choice by the Acre’ works:

  • Buyer’s choice may be offered when more than one property/parcel is being auctioned.
  • Successful high bidder wins the right to choose a property/parcel or properties/parcels from a grouping of similar or like-kind properties.
  • After high bidder selection, the property is deleted from the group and the bidding commences again.
  • Process continues until all properties/parcels are selected.
  • When selling by the acre, high bid is multiplied by the number of acres in the parcel.