80 Acres farmland for sale
Alfalfa county Oklahoma farmland offered for sale via no-reserve auction. 80 contiguous acres productive crop land consisting of 87% Grant silt loam with moderate to intense farming capability located 20-minutes northwest of Enid, Oklahoma and 7-miles north of Ringwood along Hwy 58. Parcel originally acquired by the family in the Oklahoma land run.
AUCTION DATE: July 19th at 4pm
AUCTION ON-SITE: 66000 Bryan Road, Helena, OK (7-miles North of Ringwood, OK on Hwy 58)
DIRECTIONS: From Enid, head West 20-miles along US-412/US-60 then turn north 7-miles on OK-58. Property is located in the NW corner at the intersection of State Hwy 58 at Bryan Rd (E 360 Rd).
INSPECTIONS: During daylight hours
BUYER-BROKER: 3% commission for registered Brokers. Click to register.
LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC
NO-RESERVE AUCTION
ACRES: 80 contiguous acres
COUNTY: Alfalfa county, Oklahoma
LOCATION: 7-miles north of Ringwood, Oklahoma along Hwy 58
SOILS: 87% Grant silt loam with moderate to intense farming capability. Click here to view the soil reports.
TAXES: $141 (2022)
DISCLOSURES:
- 3% Buyers premium applies. High-bidder will pay a 3% buyers-premium in addition to high-bid.
- 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.
- Oil production present.
- No minerals convey.
- Existing crops will not convey.
TERMS & CONDITIONS:
- 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 trustee’s 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 45 days from seller acceptance.
- Contact CJ Auctions for title commitment and copy of easements.
- 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.
LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC
SALE METHOD: No reserve auction selling ‘By the Acre’.
A ‘No Reserve’ auction, also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price.
An auction is the process of selling property by offering the asset up for bids, taking bids, and then selling the property to the highest bidder
When selling by the acre, the high bid is multiplied by the number of acres in the parcel to determine the total amount of the winning bid.
In addition to the total winning bid amount of an auction item, the high bidder will pay a buyer’s premium. The buyer’s premium is a percentage (Typically 3%) of the total winning bid.
All map & boundary illustrations are approximate.