Penner Ranch

REAL ESTATE:
This 2124+/-ac ranch is available for the first time since statehood.  Currently a working cattle ranch this property is ideal for your livestock operation, hunting or recreational use. Ranch rests over the Arbuckle-Simpson aquifer, which underlies more than 500 square miles in south central Oklahoma and is the principal water source for approximately 39,000 people in Ada, Sulphur and others in the region.  The aquifer is also the source of a number important springs in the region.  Limestone base provides mineral rich native blue stem and bermuda grasses as well as multiple ponds, springs and creeks throughout property.

• Parcel 1: 1300.57 +/- acres rolling terrain with native grasses, scattered trees, water well at 200′ deep and pond. Uses include livestock operation, recreation and or hunting.
• Parcel 2: 623.67+/- acres rolling terrain with native grasses with scattered tree providing good cover. Includes water well (approx. 200′ deep) and pond. Hilltop vistas of surrounding countryside. Includes working pens (chute and panels do not convey).
• Parcel 3: 114.95+/- acres includes split level barn with working pens. Rolling terrain with a mixture of pastures and timber with creek running through. Paved road frontage.
• Parcel 4: 19.97+/- acres mostly wooded with paved road frontage.
• Parcel 5: 59.93+/- acres with mixture of pasture, timber and includes pond. Fenced and cross fenced. Perfect for hobby farm or estate. Paved road frontage.
• Parcel 6: Home & shop on 5.03+/- acres.  Historic two-story 4 bedrooms, 2 bath home covered wrap-around porch and screened in porch in back of home. Downstairs includes office/den with doors leading to porch, two bedrooms both with large windows one with door leading to outside. Living room includes knotty pine walls, 4 large windows and stone wood burning fireplace. Kitchen with outside door, two windows, knotty pine cabinets/walls, Maytag range/oven, kitchen aide dishwasher, GE refrigerator. Utility room located off kitchen. Downstairs bathroom with tub.Upstairs with two bedrooms w/walk-in closets and wood floors. Turn of Century banister, 12ft ceilings, Parlor with stone fireplace, large picture windows, wood blinds and carpet.  Home is set among mature hardwood trees and includes a 15’ x 30’ detached shop with concrete floors/two overhead doors, storm cellar, cedar siding smoke house, well house, and 24’ x 60’ cinder block tin-roof barn with concrete floor.

Amenities:
Original wood floors (some rooms include carpet over wood floors)
Wood case windows with screens

SCHOOLS:  Mill Creek

UTILITIES:

• Electric:          OG&E
• Gas:                Propane
• Water             Home serviced by private well. Parcels 1 & 2 serviced by private well.
• Sewer:            Septic System

DIRECTIONS: From I-35 and Hwy 7, travel East on Hwy 7 to Sulfur, then head 7.5 miles South on Hwy 177 to Mill Creek Road, continue East 4-miles to property

Disclosures:
Buyer responsible for survey fee $1500 per parcel
•Sale subject to court approval.
•Minerals owned by seller convey with real estate.
•All parcels are subject to any existing recorded easements.
•Chute and panels in working pins on parcel 1 and 2 do not convey with real estate.
•Parcels 1,2,3 and 4 have access via 100′ ingress egress utility easement from Mill Creek road.
Parcels 3 and 4 can be accessed from Mill Creek road as well.
•Location of parcel signs are for reference only. Fence lines may not follow property boundaries.
•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).

Personal Property Disclosures:
•Buyers are advised to fully inspect all personal property prior to bidding
•All personal property must be paid for in full and removed on sale day.  Credit cards are not accepted.
•All personal property will be sold as is, where is with no warranties expressed or implied.
•Removal of item(s) becomes buyer’s responsibility at time of sale.

Terms & Conditions: 
• 3% Buyer’s Premium applies to this sale.  High-bidder will pay a 3% buyers-premium in addition to high-bid.
• 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% non-refundable deposit on sale day with a $5000 minimum per parcel (cash, personal or cashier checks)
• Buyer will receive deed and title insurance.
• Buyer will pay for (but not limited to) a survey fee of $1,500 per parcel, closing fee, title policy. Taxes will be prorated through date of closing.
• Balance and closing costs are due within 30 days of seller acceptance
• 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 the property owner, CJ
Auctions or their agents liable for damages to their person or property.
• Sale is subject to seller confirmation.

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

Over 50 antiques original to the home highlighted by:
– Singer sewing machines from the 1920’s
– Birdseye maple washstand
– 1920’s ice cream table
– Kerosene Chandelier converted to electric
– Mallard-style bed
– 19th century northern european bed & amoire

Personal Property Disclosures:
•Buyers are advised to fully inspect all personal property prior to bidding
•All personal property must be paid for in full and removed on sale day.  
  Credit cards are not accepted.
•All personal property will be sold as is, where is with 
  no warranties expressed or implied.
•Removal of item(s) becomes buyer’s responsibility at time of sale.