Stevens County) ABSOLUTE - 161 +/- Acres in Hugoton

Farm Land Auction in Road F & Road 12, Hugoton Kansas, United States

16 Wednesday
16th September, 2020 2:00 PM

Stevens County) ABSOLUTE - 161 +/- Acres in Hugoton

Farm Land Auction in Road F & Road 12, Hugoton Kansas, United States

Wednesday at - 16th September , 2020

Notes

<p>Property offered at ONLINE ONLY auction.&nbsp;| 10% Buyer&#39;s Premium will be added to the final bid.&nbsp;|&nbsp;BIDDING OPENS: Friday, August 28th, 2020&nbsp;at 12:00 PM (cst)&nbsp;|&nbsp;BIDDING CLOSES: Wednesday, September 16th,&nbsp;2020&nbsp;at 2:00 PM&nbsp;(cst).&nbsp; Bidding will remain open on this property until 1 minute has passed without receiving a bid. No scheduled open house. Property will be available to preview by appointment only.</p>

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ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! 161 +/- acres in Stevens County, just south of Hugoton, KS

  • Agricultural use
  • Level, rolling ground
  • Paved Highway frontage
  • Mineral rights - All interests held by the seller will pass with the real estate to the buyer
  • Not currently hooked up to utilities, but seller believes to be available
  • 78 +/- acres of farm ground - winter wheat being planted now, harvest in June
  • 79 +/- acres of pasture grass
  • 3 current oil/gas wells in production
    • Lease with Scout Energy Management - Dallas, TX
    • Royalty payment history for 1/6th interest is provided in the Property Information Packet.  New owner will receive 100% of seller's mineral rights and receive 6/6th of royalty payments. 
  • Long-term tenant farmer since 1980s
    • Pays $2,500/annually
    • Current wheat crops belong to the tenant and do not transfer to the new owner
    • New owner can negotiate a lease or ask tenant to vacate after current crop is off
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