AUCTION: August 26th, 2021

Prime development land and home building sites located North of Hwy 412, 1/2-mile East of the Verdigris River.

Auction Overview

AUCTION DATE & TIME:
 August 26th at 6pm

AUCTION LOCATION:
 Off-site at the Riverbend Ranch Event Center, 12900 E 600 Rd., Inola, OK

PROPERTY LOCATION:
1/4-miles north of Hwy 412 on 4160 Rd.

INSPECTIONS:
 During daylight hours.

BUYER-BROKER:
 3% Commission

Inola 185 AC

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

Prime development land ideal for residential development, home building sites or continued agribusiness. Offered in 4 parcels of 15 to 80 acres, each with paved road frontage. All parcels are within the Inola School District and are located 5-minutes east of the Hard Rock Hotel & Casino, 1/4-mile north of Hwy 412 on 4160 Road, approximately 6-minutes west of Inola, OK.

  • Parcel 1 – 15.00 Acres
  • Parcel 2 – 25.15 Acres
  • Parcel 3 – 80.32 Acres
  • Parcel 4 – 62.10 Acres with Hwy 412 frontage and 4120 Road frontage

SCHOOLS: Inola School District.
WATER: Rogers County Rural Water District #6.

Map & boundary illustrations are approximate – refer to survey.
Property pictures may show multiple parcels and/or property not included in the auction.

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

Mapright iFrame

DISCLOSURES:

  • 3% Buyers premium applies. Buyer’s premium is an additional fee (3% of the high bid amount) paid by the high-bidder.
  • 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).
  • Buyer is responsible for $900 per parcel survey fee.
  • No minerals convey.
  • The Property is being sold “AS IS, WHERE IS”.
  • Bidder is responsible for conducting their own due diligence with regard to any defect prior to bidding on the property at the auction.

40+/- Acres in Section 34, Township 20N, Range 16E, IB&M, Rogers County, OK

  • The property is currently leased by Gary Yoder, (“Tenant”) under an Agricultural Lease dated July 1st, 2021, (“Lease”) which expires November 30th, 2021. The successful Bidder is required to take possession of this property subject to the rights of the Tenant under the Lease. All expenses due and owing under the Lease by Seller have been paid by the Seller. If Closing occurs prior to expiration of the Lease, Seller will assign the Lease to the successful Bidder at Closing upon receipt of the Purchase Price. If the Lease is assigned at Closing, the successful bidder will receive income generated from the sale of the crops from the property under the Lease. Income will be based on a percentage of planted crop on the purchased property as a ratio to the total production of the property leased by the Tenant. The Lease was available to Bidder prior to the auction on CJ Auctions website and is enclosed in each Bidder’s packet, along with a copy of the Real Estate Purchase Contract.
  • Parcels 1 & 2 have a total of 35.04 acres planted per the NAU Country Acreage Report, which report was made available to Bidder prior to Auction on CJ Auctions website, posted at the Auction and enclosed in each Bidder Packet. Seller makes no warranties or representations as to the accuracy of the NAU Country Acreage Report. If the Lease is assigned at Closing, Parcel 1 will be receiving 31% of the total income of the combined crop production of Parcels 1&2 and Parcel 2 will receive the remaining 69% of the total income of the combined crop production from Parcels 1&2. BOKF, NA, is making no warranty regarding the acreages of either Parcel 1 or 2 and there shall be no changes to these crop income percentages after the Auction.
  • Seller’s crop insurance is currently in effect and the successful Bidder may be able to transfer Seller’s crop insurance by completing the appropriate paperwork and being approved by NAU Country. Seller is making no warranties regarding the successful Bidder’s acceptance under said policy with NAU Country. Contact: Denise Repschlager, 918-857-4011, Denise.repschlager@gmail.com, 18708 E 141st St S, Broken Arrow, OK 74011.
  • All 2021 FSA payments for this property shall belong to the Seller and shall NOT transfer to the successful Bidder. The successful Bidder shall assume full responsibility for registering the property with the local FSA office for future payments beginning in January 2022 for payments issued in 2023.

142+/- Acres in Section 33, Township 20 N, Range 16 E, IB&M, Rogers County, OK

  • The property is currently leased by Gary Yoder, (“Tenant”) under an Agricultural Lease dated July 1st, 2021, (“Lease”) which expires November 30th, 2021. The successful Bidder is required to take possession of this property subject to the rights of the Tenant under the Lease. All expenses due and owing under the Lease by Seller have been paid by the Seller. If Closing occurs prior to expiration of the Lease, Seller will assign the Lease to the successful Bidder at Closing upon receipt of the Purchase Price. If the Lease is assigned at Closing, the successful bidder will receive income generated from the sale of the crops from the property under the Lease. Income will be based on a percentage of planted crop on the purchased property as a ratio to the total production of the property leased by the Tenant. The Lease was available to Bidder prior to the auction on CJ Auctions website and is enclosed in each Bidder’s packet, along with a copy of the Real Estate Purchase Contract.
  • Parcels 3 & 4 have 110.14 acres planted per the NAU Country Acreage Report, which report was made available to Bidder prior to Auction on CJ Auctions website, posted at the Auction and enclosed in each Bidder Packet. Seller makes no warranties or representations as to the accuracy of the NAU Country Acreage Report. If the Lease is assigned at Closing, Parcel 3 will be receiving 45% of the total income of the combined crop production of Parcels 3 & 4 and Parcel 4 will receive the remaining 55% of the total income of the combined crop production from Parcels 3 & 4. BOKF, NA, is making no warranty regarding the acreages of either Parcel 3 or 4 and there shall be no changes to these crop income percentages after the Auction.
  • Seller’s crop insurance is currently in effect and the successful Bidder may be able to transfer Seller’s crop insurance by completing the appropriate paperwork and being approved by NAU Country. Seller is making no warranties regarding the successful Bidder’s acceptance under said policy with NAU Country. Contact: Denise Repschlager, 918-857-4011, Denise.repschlager@gmail.com, 18708 E 141st St S, Broken Arrow, OK 74011.
  • All 2021 FSA payments for this property shall belong to the Seller and shall NOT transfer to the successful Bidder. The successful Bidder shall assume full responsibility for registering the property with the local FSA office for future payments beginning in January 2022 for payments issued in 2023.

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 Special Warranty Deed and title insurance.
  • Buyer will pay for (but not limited to) the closing fee & title policy. Taxes will be prorated through the date of closing.
  • Balance and closing costs are due 30 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.
  • ONLINE BIDDING: Individuals must wire 10% of the 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.
  • Sale is subject to Trustee confirmation.

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.