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640 Acres in 14 Tracts - Mostly Pasture/Ranch Land

Wagoner County, Oklahoma - Near Broken Arrow - Minutes from Tulsa

Owner: Sherman Family Trusts Thu, Oct 20, 2011

AUCTION IS OVER

• Mostly Pasture/Ranch Land • Cross Fenced • Good Water Supply • Excellent Location • Potential Building Sites • Pristine Views


OPEN HOUSE/INSPECTION DATES




Wednesday, September 21st, 3-6PM

Thursday, October 13th, 3-6PM

Meet an Auction Representative on Tract 10.

PROPERTY LOCATION

From the Creek Turnpike, exit at Kenosha (71st Street) and go east approximately 8 miles to Nedra (337th St.) turn right (south) and go 2 miles to the property on the right (tract 1).

AUCTION LOCATION

Glass Veranda at Forest Ridge Golf Club - Broken Arrow.
To get to Forest Ridge from Tulsa, take the Broken Arrow Expressway to the Kenosha Exit. Turn left (east) off the exit ramp and go over the overpass. Continue east approx. 4 miles. From the Creek Turnpike, exit at Kenosha (71st) and go east 2.5 miles. Forest Ridge is located at 7501 E. Kenosha.

PROPERTY DESCRIPTION

View Additional Auction Information at NatResAuctions.com

Legal Description: Sec. 21-18N-16E, Wagoner Co., OK
Less & Except All Minerals.

TRACT DESCRIPTIONS

Tract 1: 26± ac Pasture land featuring meandering creek and woodland acreage with mixed hardwood trees. Excellent potential building site, prime hunting/recreational tract with frontage on Nedia Lane (337th Ave.)

Tract 2: 47± ac Mixture of pasture land and woodland acreage, meandering creek and deep large pond. This tract offers secluded scenic potential home sites with good views.

Tract 3: 6± ac Partially wooded potential building site with easy access from Nedia Lane (337th Ave)

Tract 4: 81± ac Fenced pasture land with large deep pond and small acreage of woodland on the west boundary line. Good grass land featuring 50% Fescue and 50% Bermuda grass.

Tract 5: 36± ac Grass land fenced on 3 sides. Great add on tract or potential home site.

Tract 6: 21± ac Grass land with deep pond for good water source.

Tract 7: 11± ac Road frontage on Nedia Lane (337th Ave) and E 101 Street. Great corner lot – investigate the potential of this tract.

Tract 8: 11± ac Frontage on E 101 Street – investigate this tract as a possible building site.

Tract 9: 80± ac Grassland with scattered trees and partially fenced. This tract features a 50/50 mixture of Fescue and Bermuda grass for early spring and summer grazing. Combine tracts 4-6 & 9 for 218 acres of productive ranch land with excellent water source thru several deep ponds.

Tract 10: 27± ac Original homestead with miscellaneous older outbuildings plus large pond. Excellent potential building site.

Tract 11: 36± ac Fenced grass land with a pond. Easy access from E 101st Street.

Tract 12: 44± ac "SWING TRACT" Grassland with large pond and meandering wooded creek. Investigate the uniqueness of this tract. This tract must be bid on in combination with any adjoining tract.

Tract 13: 54± ac 40ft deeded access from E 101st Street. This tract features a high bluff area that overlooks the entire property plus the surrounding area. Pristine views that provide a rare/scenic potential building site with great recreational potential.

Tract 14: 160± ac 40ft deeded access from E 101st Street. Excellent addition to any livestock operation. Investigate the potential of this tract featuring Fescue and Bermuda grass creating and extended grassing period. Combine with tract #12 for 204 acres of productive ranch land.


INTERACTIVE MAP

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The Property will be offered in 14 individual tracts, any combination of tracts and as a total unit at the dates and times as noted in this brochure. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneers. Bids on tracts, tract combinations, and the total property may compete.

BUYERS PREMIUM: A 4% Buyers Premium will be added to the final bid price to create the final contract purchase price.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. ACCEPTANCE OF BID PRICES: All successful Bidders will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s acceptance or rejection.

PLANNING APPROVAL: All tract divisions are subject to approval by the Wagoner County Plan Commission.

DEED: Seller shall provide a Special Warranty Deed or Trustee’s Deed. EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elect to have the title commitment executed, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold “AS IS”. REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

CLOSING: Closing shall be within 30 days after the auction or within 15 days of completion of applicable closing documents whichever is later.

POSSESSION: Possession of the land shall be at closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller’s option and sufficient for the issuance of an owner’s title insurance policy. Combination purchases will receive a perimeter survey only. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on all tracts and tract combinations.

MINERALS: Less and except all minerals including without limitation, oil, gas, coalbed methane and all other hydrocarbons, lignite, and all metallic minerals, etc. if any, associated with the reverenced real estate, and the term “Property” will not include any mineral rights.

Legal Description: Sec. 21-18N-16E

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the Property. Inspection dates have been scheduled and will be staffed with auction personnel. Bidder shall be liable for any Property damage caused by Bidder’s inspection and investigation, if any.

AGENCY: Schrader Real Estate and Auction Company, National Residential Auctioneers and their representatives are the Auctioneers and exclusive agents of the Seller regarding the sale of the Property.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is sold “AS IS, WHERE IS”. No warranty or representation, either express or implied, or arising by operation of law concerning the Property is made by the Seller or Auctioneers, and are hereby expressly disclaimed. In no event shall Seller or the Auctioneers be liable for any consequential damages. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Seller and the Auctioneers assume no liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneers. Seller and the Auctioneers reserve the right to preclude any person from bidding if there is any question, in the sole judgment of Seller or the Auctioneers, as to such person’s creditworthiness, ability or willingness to close on the purchase of the Property, credentials, fitness, etc. All decisions of the Auctioneers are final.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the Property information.

SELLER: Sherman Family Trusts