Time of Auction: Real Estate Sells first at 10:00am, followed by Equipment Location of Auction: NW/Corner of farm near the buildings
Legal Description of Land: NW/4, Section 52, Block Y, WD & FW Johnson, Bailey County Texas, containing 160 acres more or less.
Description: This is a very nice quarter section of land just north of Muleshoe, Texas with excellent access east of FM 214. There are 3 electric submergible irrigation wells on the property. The two wells are producing approximately 66 total gpm. Two of the wells are currently in operating condition. The pivot system is a Valley, 7 Tower Pivot System with drops and small tires. The pivot is a model 4171, with serial #17825. The land is mostly level and appears to be strong producing. Other improvements include a 30’x40’ Barn with Concrete Floor* 2- 40’ Boxcars used for One Side of Shed* 75’ x 55’ Equipment/Hay Open Shed with nice Metal Roof* Crops typically raised in the area include Wheat* Cotton* Grain Sorghum* and Cattle Forages* Taxes: $1,117.89 (2017 Base Tax Amount including all entities) There are no Seller reservations. All mineral, wind, water, and other rights currently owned by Seller will convey to a Buyer.
Title Insurance: Seller will provide title insurance and deed preparation. Closing will be within 30 days after auction date at Muleshoe Abstract Company. Terms: Property will be sold “AS IS” with all faults. Buyer and Seller will sign a standard Texas Association of Realtors Farm and Ranch contract immediately after the auction. Buyer is required to pay 10% earnest money day of sale, and close and fund the transaction within 30 days after the auction date. EARNEST MONEY WILL BE NON-REFUNDABLE IF TRANSACTION FAILS TO CLOSE DUE TO BUYERS INABILITY TO OBTAIN FINANCING, IF ANY. Earnest money will be credited to the purchase price at closing. SOLD FOR CASH* NOT CONTINGENT ON FINANCING* All announcements made sale day take precedence over all other previous advertisements. EACH BIDDER SHOULD PERFORM AN INVESTIGATION TO VERIFY THE INFORMATION IN THIS FLYER, AS NO WARRANTIES ARE CREATED WITHIN*Note: Street Real Estate and Five Star Auctioneers represent the Seller in this transaction. If a Buyer uses another Broker, that Buyer must pay the other Broker’s fee, if any. (There is no Buyer’s premium) Five Star Auctioneers* Jim Sumners Texas Auctioneer License #10006* 806-292-2149* Jimmy Reeves 806-774-2684*Street Real Estate