• 3+/- Miles Northwest of Licking, MO • Meandering Spring Creek Frontage • Numerous Stock Ponds • Cattle Ranch & Pasture Land for Hay Production • Country Home, Barn & Outbuildings • Excellent Wildlife
480+/- Acres Offered in 6 Tracts
Northwest of Licking, MO - Texas County
Tue, Sep 20, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Tuesday, August 23rd from 4-6pm
Thursday, September 8th from 4-6pm
Open House Location: Meet a Murray Wise Associate at the Home on Tract 5 for any questions and property viewing.
PROPERTY LOCATION
13425 Buffalo Road Licking, MO. The property is 3.3 miles Northwest of Licking on the south and north side of Buffalo Road. Directions: From the north side of Licking (stop light at Rt. 32 & 63) travel north 1/2 mile on US Rt. 63 to Shafer Road, turn left (west) and travel NW 1-1/2 miles to Buffalo Road, turn left and travel 1 mile to the property.
AUCTION LOCATION
Auction to be held in the Fox Fire House Community Room at 115 Old Salem Road, Licking MO 65542.
PROPERTY DESCRIPTION
The property consists of approx. 455 acres of pasture ground with approx. 200 acres being used for hay and pasture production and 15+/- acres of woods. Spring Creek runs through two of the tracts on the property. In addition, a 3 bedroom 2 bath home, a large barn and numerous outbuildings are located two of the tracts.
TRACT DESCRIPTIONS
Tract 1: 170± ac Large productive fields, Spring Creek running along property, mature trees, native improved pasture.
Tract 2: 40± ac Large open pasture, lots of wildlife. Rural water spigot on this tract.
Tract 3: 40± ac Great pasture land, lots of wildlife, a portion of this tract is heavily wooded.
Tract 4: 37± ac Offers a good mix of pasture and woods.
Tract 5: 5± ac Features a 3 bedroom 2 bath home serviced by a rural water system, with hardwood floors and lots of character. Also on this tract is a 2 car garage overlooking a pond. This Tract shall be subject to an easement, if necessary, for ingress and egress to Tract 6 if purchased separately from Tract 6.
Tract 6: 188± ac Features a cattle barn and numerous cattle pens. Productive bottom ground fields. Spring Creek running along property. Note: If this Tract is purchased separately from Tract 5, then an easement will be granted, if necessary, for ingress and egress across Tract 5.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 6 individual
Tracts. Bidders may offer to purchase tracts individually, in any combination of tracts, or as a whole property
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due from each successful bidder immediately after being declared the buyer of a tract(s). The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due in cash at
closing. BIDS SHALL NOT BE CONDITIONED UPON
FINANCING.
BUYERS PREMIUM: A 5% buyer premium will be added to the high bid to equal the final contract price for a tract(s). Example: High Bid is $100,000 plus 5% ($5,000) = $105,000. The purchase agreement will be drafted for $105,000. POSSESSION: Possession will be given at closing, subject
to the remaining rights of the current tenants, if any.
2011 CROP INCOME: Remains with current tenant.
ACCEPTANCE OF BID PRICES: All successful bidders
will sign an Agreement to Purchase at the auction site
immediately following the close of bidding. All final bid prices
are subject to approval or rejection by Seller.
CLOSING: Closing shall occur within 30 days or as soon
thereafter as applicable closing documents are completed.
TITLE: Seller shall furnish the buyer(s) at Seller’s expense
an Owner’s Policy of Title Insurance in the amount of the
purchase price, and shall deliver a deed conveying title to the real estate to the
buyer(s) at Closing.
REAL ESTATE TAXES AND ASSESSMENTS: The 2011
Taxes shall be prorated between buyer and seller.
EASEMENTS: Sale of said property is subject to any and all
easements of record and any easements that may be required for ingress and egress to Tract 6.
SURVEY: AT THE SELLER’S OPTION. The Seller has a current survey for the property, copies of which will be provided to bidders upon request. The need for any new or additional surveys shall be determined solely by the Seller, the cost of which shall be paid by the Seller. The type of survey performed shall be at the Seller’s option and sufficient for providing a standard form owner’s title insurance policy and the transfer of merchantable title.
MINERAL RIGHTS: Sale shall include 100% of the Mineral
Rights owned by the Seller, if any.
AGENCY: Murray Wise Associates LLC and Schrader Real
Estate and Auction Company, Inc. 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 agreement to purchase. 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 being
sold on an â€
None at this time
