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SOLD

LAND AUCTION - 2,176+/- ACRES OFFERED IN 16 TRACTS IN PITTSBURG CO., OKLAHOMA

Pittsburg County, Oklahoma

Owner: AEP_Mike WIlliams & Todd Ireland Thu, Jun 21, 2018

SOLD FOR $2,884,000

• 2,176+/- Acres offered in 16 Tracts • Quality Pasture & Recreational Land Aside Lake Eufaula • Quality Improved Grass Pastures • Fenced and Cross Fenced • Mature Timber Bordering Lake Eufaula • Excellent Deer & Turkey Habitat • Easy Access, Only 1 Mile off Hwy 69 • 540 acres of Pasture Sprayed in April 2018 • South Eufaula Ranch • Online Bidding Available


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Friday, May 18 from 10 am - 2 pm
Thursday, May 31 from 10 am - 2 pm
Wednesday, June 13 from 4-7 pm

Meet a Schrader Representative on Tract 2 for Land Tours.

PROPERTY LOCATION

Take the Canadian Exit on Hwy 69 and turn west onto Johnson Street (Hwy 113). Follow for approximately 0.3 mile and road will make a hard left turn, continue on Hwy 113 for approximately 0.3 mile. Property will begin on your right.

AUCTION LOCATION

Eufaula High School Cafeteria, 1 Anderson Bell St, Eufaula, OK 74432.
Directions:
Take the Eufaula Hwy 9 Exit off of Hwy 69 and turn east on Hwy 9. Follow for approximately 0.3 mile and turn right on Main Street. Follow Main Street for approximately 0.5 mile and turn right on Bill McCarty Street and you will see Eufaula High School.

PROPERTY DESCRIPTION

The South Eufaula Ranch is located just west of the community of Canadian, Oklahoma, which is approximately 20 miles south of the I-40/Hwy 69 intersection and only 17 miles north of McAlester, Oklahoma. Given this convenient location, the property is easily accessible, from the Tulsa, Oklahoma City and DFW metro areas.

The ranch offers a good diversity of terrain, with approximately 1,100 acres of open improved and native grass pastures and the balance of the property in heavy, mature, hardwood timber. This diversity creates an excellent combination ranch that can carry a sizeable cowherd and provide outstanding wildlife habitat. Approximately 2 miles of the ranchs northern border is adjacent to Lake Eufaula Core of Engineers land, providing a unique opportunity for Buyers.

We are offering the ranch in 16 individuals tracts that range from 37+/- to 291+/- acres. These tracts provide an opportunity for many different types of Buyers, whether strictly interested in pasture land or a quality recreational property this auction has an individual tract or combination of parcels that will fit your needs.

TRACT DESCRIPTIONS

Tract 1: 120± ac with frontage along Hwy 113 that is mostly open pasture that was SPRAYED April 2018.

Tract 2: 40± ac that includes metal shop building with concrete floor, small set of working pens and a balance of pasture and mature timber with 2 ponds.

Tract 3: 195± ac of mostly open pasture fronting Hwy 113. Small, wooded creek dissects the tract and this parcel has 4 ponds. All open pasture on this parcel SPRAYED in April 2018.

Tract 4: 69± ac of open pasture, level topography and 4 ponds which was SPRAYED in April 2018.

Tract 5: 224± ac of open pasture, currently fenced into 3 pasture with 2 ponds; fully SPRAYED April 2018 and ready for potential hay production.

Tract 6: 63± ac of mostly open pasture, used for hay production in past years.

Tract 7: 152± ac which is a combination of open pasture and timber, outstanding recreational parcel with fresh deer sign and turkey scratchings that fronts Eufaula Core of Engineers land on the back side.

Tract 8: 158± ac of mature timber, dissected by heavily used deer trails, making for an outstanding recreational opportunity.

Tract 9: 144± ac of mature timber that includes a small pond with potential for waterfowl and heavily traveled deer trails bordering the Eufaula Core of Engineers land.

Tract 10: 91± ac of heavily wooded terrain with quality deer and turkey sign that fronts the Eufaula Core of Engineers land, outstanding recreational opportunity.

Tract 11: 290± ac of that is a mixture of potential hay meadow, pasture and some mature timber. This parcel also has 5 ponds, creating outstanding wildlife habitat.

Tract 12: 37± ac that are heavily wooded, secluded and would make an excellent potential building site or smaller recreational parcel.

Tract 13: 184± ac of outstanding recreational property, heavily wooded and secluded throughout.

Tract 14: 64± ac that is mostly wooded and has frontage along Hwy 113.

Tract 15: 185± ac with a combination of open areas and heavy timber, with frontage along Hwy 113.

Tract 16: 160± ac with a combination of open pasture and heavy timber along Hwy 113.

TRACT MAP(S)

AREA MAP(S)

BUYERS PREMIUM: A three percent (3%) Buyers premium will be added to the final bid price and included in the total purchase price.

PROCEDURE: Tracts 1 through 16 will be offered in individual tracts, in any combination of these tracts, or as a total unit per auction date and time. There will be open bidding on all tracts and combinations during the auctions as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of 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.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall provide a Limited Warranty Deed to Buyer(s) at closing.

EVIDENCE OF TITLE/CONDITION: Seller agrees to furnish bidders a preliminary title insurance commitment for Buyers review prior to the auction. Seller agrees to provide merchantable title to the property, subject to existing public highways and streets, easements, covenants, conditions, restrictions and reservations of record, if any; zoning and other governmental regulations and restrictions; and non-delinquent real estate taxes and assessments. Buyers will be responsible for purchasing any owners or lenders policy required. All tracts will be sold AS IS - WHERE IS, WITH ALL FAULTS.

CLOSING: The closing shall take place 90 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession shall be delivered at closing; Buyers may acquire a hunting lease for temporary access immediately following the Auction and expiring of the closing or termination of the transaction.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

MINERALS: Seller shall convey surface, coal and hard minerals. Seller shall reserve remaining mineral interests.

SURVEY: Seller, at its sole cost and expense, may provide a new survey to the Buyer(s) for the tracts prior to closing. Any need for a new survey shall be determined solely by Seller. If the property purchased is a combination of tracts, the survey shall be for the perimeter of such combination only. The type of survey provided shall be determined by Seller.

PROPERTY INSPECTION: Each potential bidder is responsible for conducting, at their own risk, independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.

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. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

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

SELLER: Public Service Company of Oklahoma.