AUCTIONED: October 28th, 2018

Trustee-ordered auction of 1,440 acres prime Arkansas river valley farmland offered in 9 parcels. This well-maintained land is ideal for farming, cattle operations, building sites, hobby farms or hunting retreats features rolling pastures, hard-wood timber, row crop and improvements to run a livestock operation.

  • Parcels 1-5: 935 total acres located in Logan county, 10-miles south of Ozark.
  • Parcels 6-9: 505 total acres located in Franklin County, 5-miles southeast of Altus.

Directions(Parcel 1):  Approximately 1/2-mile South of the intersection of Hwy 288 and Hwy 309 in Roseville.  

Auction Overview

AUCTION DATE & TIME:
 Sunday Oct 28th, 2018 at 3pm

AUCTION LOCATION:

On-site at Parcel 1, 547 West State Highway 288 Roseville, AR

DIRECTIONS:

Parcels 1-5 (935 contiguous acres, Logan Co.): From Hwy 64 and Hwy 23 in Ozark, Ark:  South on Hwy 23 1.3 miles to Hwy 309, turn East on Hwy 309 for approx. 8.6 miles then turn West on Hwy 288 for ¼ mile to property.

Parcels 6-9 (505 contiguous acres, Franklin Co.): From Hwy 64 and Hwy 23 in Ozark Ark: East on Hwy 64 9.5 miles, then turn south on Gravel Hill Rd, east on College St, veer left on Johnson Rd, south on Shady Brook Rd, then east on Nortontown Rd to property.

OPEN HOUSE / INSPECTIONS:

1-4pm Sunday, Oct 14th & 21st

BUYER-BROKER:
3% compensation offered

LICENSE INFO:  AR Lic# 72454 Ronn Cunningham | Cunningham Johnson Auctions LLC

Trustee-ordered auction of 1,440 acres prime Arkansas river valley farmland located near Ozark. Well-maintained land ideal for farming, cattle operations, building sites, hobby farms or hunting retreats features rolling pastures, hard-wood timber, row crop and improvements to run a livestock operation.

  • Parcels 1-5: 935 total acres located in Logan county, 10-miles south of Ozark.
  • Parcels 6-9: 505 total acres located in Franklin County, 5-miles southeast of Altus.

PARCEL 1: 87.67 Acres, Logan County
Sugar Hill Farms headquarters located on the south side of Hwy 288 south of Roseville. Pasture land, 10 +/- acre pecan grove with income potential, 7+/- acre pond, sale barn, cattle barn with working pens, office and commodity barn. – Sale barn with 50’X50’ inside arena, two overhead doors, 4 personnel doors, heat and ventilation fans, attached 50’ x 50’ machine shed and two 12’ x 50’ covered patio areas. Also includes air-conditioned office space, kitchen, men’s and women’s restrooms.

PARCEL 2: 146.79 Acres, Logan County
Two homes, Morton health barn, fenced and cross-fenced, improved pasture and pond. The east property line fronts Mount Magazine Scenic Byway (Hwy 309).

  • Two 3 Bedroom, 1 bath homes are located next to one another, both offer large living areas with fireplace.
  • Morton Barn with insulated, heated and cooled indoor cattle working facility accommodating squeeze chute and 3 holding pens. Also includes: office with washroom, nitro-tank storage, 4’ stainless steel & FRP board up to the joists inside and covered wash area outside.

PARCEL 3: 208.35 Acres, Logan County
Improved pasture with fencing and cross-fencing, 3 sizable ponds providing abundant water. Tanyard Mountain Road frontage along eastern property line.

PARCEL 4: 201.77 Acres, Logan County
Pasture and hardwood timber. Approximately 60 acres of improved pasture, fenced and cross-fenced with a pond. The remaining acreage consists of hardwood timber ideal for hunting. An easement is in place for access from Hwy 288.

PARCEL 5: 287.76 Acres, Logan County
Ideal for hunting, recreation or secluded home-sites, this heavily timbered parcel with pond is highlighted by a dominating 300-foot elevation, peaking at 700-feet to offer a 360-degree views of surrounding valley. The east boundary fronts Tanyard Mountain Road allowing easy access and a well-maintained road to the peak.

PARCEL 6: 81.63 Acres, Franklin County
Productive row crop land with Kenny Hole Road frontage. Current crop yield information coming soon.

PARCEL 7: 163.40 Acres, Franklin County
Productive row crop land with Kenny Hole Road frontage. Current crop yield information coming soon.

PARCEL 8: 148.61 Acres, Franklin County
Mixture of row crop, timber, ponds and hunting/recreational land. Kenny Hole Road frontage. Current crop yield information coming soon.

PARCEL 9: 113.42 Acres, Franklin County
Hunting/recreational land. Nortontown Road and Kenny Hole Road frontage.

SCHOOLS:

  • Parcels 1-5 County Line School District
  • Parcels 6-9 Ozark School District

UTILITIES:

  • Water:      Franklin County Farm: Denning Water Dist.
  • Water:      Logan County Farm: River South Water Dist.
  • Electric:   Arkansas Valley Electric (Franklin and Logan County farms)
  • Sewer:     Private septic
  • Gas:         Source Gas of Arkansas

All map & boundary illustrations are approximate – please refer to survey.
Property pictures represent identified parcel(s) however, pictures may show multiple parcels and/or property not included in the auction.

Parcel 1

Parcel 3

Parcel 5

Parcel 7

Parcel 2

Parcel 4

Parcel 6

Parcel 8

Parcel 9

All map & boundary illustrations are approximate – please refer to survey.
Property videos represent identified parcel(s) however, videos may show multiple parcels and/or property not included in the auction.

DISCLOSURES:

  • 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).
  • No minerals convey. Oil/gas serviced by XTO Energy Inc.
  • Parcels 4-5 are subject to an existing hunting lease through spring of 2020. Call office for details.
  • Parcels 1-4 are subject to an existing farm lease. Call office for details
  • Parcel 6-8 are subject to an existing crop lease through the end of 2018.
  • $700 survey fee per parcel paid by the buyer.
  • Ingress egress easement is in favor of parcels 1, 2, 3, 4 and 5. In the event parcels 1-4 sell together, the easement will be removed. Access to parcel 5 will be from Tanyard Mountain Rd.
  • There are 2 rural water meters on parcel 1 located at the entrance. One-meter services the improvements on parcel 1 and the other services the improvements on parcel 2. If parcels sell separately, a maintenance easement will be filed for the water line that services parcel 2.
  • 3” water line runs along Hwy 288
  • Logan and Franklin County farms are zoned Agriculture. 

TERMS & CONDITIONS:

  • 3% Buyer’s Premium applies to this sale.  Buyers-premium is an additional fee (3% of high-bid amount) paid by the high-bidder.
  • 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 survey, 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.
  • 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 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:  AR Lic# 72454 Ronn Cunningham | Cunningham Johnson Auctions LLC

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

Parcels 1 and 2 will be sold choice by the dollar.  Parcels 3-9 will be sold choice by the acre.

Buyers Choice by the Acre

  • 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.