LAND AUCTION

488 Acres!

Prime Irrigated Farmland & Irrigated Grassland           

Four Tracts!

Scotts Bluff County, Nebraska

     Thursday May 3, 2007  ••  Sale Time: 1:30 pm

 Sale of land to be held at the American Legion Hall in Minatare, Nebraska

SOLD AS A UNIT

$800,000.00

TRACT ONE: Improved 160 Acre Irrigated Farm with Prime Farm Land & Irrigated Grass

Located from Minatare, Nebraska: 3 miles east on Hwy. 26, 2 miles south on CR 33 and 1/2 mile west on CR S to the northeast corner.  

With 79.8 Acres Prime Farmland, Plus 77 Acres Grassland, 5 Acres Home site & Corrals

A great Combination Farm and Ranch with Home, Barn, Corrals and Irrigated Pasture. The Irrigated Land in this Quarter has a 1/14/1888 water right from the Minatare Mutual Canal, delivered through the Nine Mile Irrigation District. This farm also has an excellent ground water well! This is a nice diversified parcel.

IMPROVEMENTS Include: A modern 1985 -1,316 sq. ft. Double Wide home with 2 Bedrooms, 2 Baths, Central AC and Newer Forced Air Heat. Also, a 40’ x 60’ Barn with poured cement sidewalls remodeled for machine storage & a nice set of working corrals. Pasture rated 25 +/- Cow/calf pair per grazing season.

SURFACE WATER IRRIGATION: 158 acres (2 shares under Minatare Mutual Canal, or 2.26 cfs ) delivered through Nine Mile Irrigation District (The Wrangler Ditch). 2007 taxes on 158 acres: $2,370.00 (Paid by the Buyer).

WELL WATER: Registered Irrigation Well - #G-019771 Dated 8/2/1956, 160 Acres Irrigated, 1,560 Gallons Per Minute; 9 ft. Static Level; 25 ft. Pumping Level. Power is Supplied by Chimney Rock Public Power. Demand charge for 2007 will be $300.00 plus usage ($400.00 last year) paid by Buyer.

TAXES: 2006 Real Estate Taxes - $2,262.74. Buyer pays all 2007.

LEGAL DESCRIPTION: NW 1/4 Section 22, Township 21N, Range 53 West of the 6th PM, Scotts Bluff County, Nebr.

SALE DAY DEPOSIT: $40,000.00

TRACT TWO: Improved 80 Acre Farm with Prime Farmland and Irrigated Pasture

Located from Minatare, Nebraska: 3 miles east on Hwy. 26, 2 miles south on CR 33 and 1/4 mile west on CR S to the northeast corner.  

With a Nice Modern Home, 58 Acres Prime Farmland, 20 acres Irrigated Pasture, 2 Acres in Home site.

This property is a developed and operating small farm unit. Excellent Land. Excellent Location.

IMPROVEMENTS: A Modern Home with 2,424 sq. ft., 4 Bedrooms, 2 Baths, Remodeling inside is finished, the exterior is in progress. The Farm has a nice set of Corrals and is protected with windbreak fencing. This is a nice diversified parcel.    

SURFACE WATER IRRIGATION: from Nine Mile Irrigation District (The Wrangler Ditch)  2007 taxes on 78 acres: $1,170.00. Paid by the Buyer.

WELL WATER: Registered Irrigation Well - #G-075362 Dated 7/16/1992, 80 Acres Irrigated; 1,450 Gallons Per Minute ; 6 ft. Static Level; 19 ft. Pumping Level.  Power is Supplied by Chimney Rock Public Power Demand charge for 2007 will be $300.00 plus usage ($890.00 last year) paid by Buyer.

TAXES: 2006 Real Estate Taxes - $2,341.60. Buyer pays all 2007.

LEGAL DESCRIPTION: W1/2NE1/4 of Section 22, Township 21N, Range 53, West of the 6th P.M., Scotts Bluff County, Nebr.

SALE DAY DEPOSIT: $20,000.00

TRACT THREE: 143 Acre Irrigated Pasture

Located from Minatare, Nebraska: 3 miles east on Hwy. 26, 2 miles south on CR 33 and 1/2 mile west on CR S to the southeast  corner.  

All Flood Irrigated Pasture Land!

This is a good Grazing Unit. The lay of the land and soils would also open the possibility of irrigated farmland. The pasture is fenced for rotational grazing and also has a feeding area with 126 ft. of cement bunk line with apron and windbreak fencing. There are No buildings. A submersible stock well and seasonal irrigation canal provides stock water. Pasture rated 75 +/- Cow/calf pair per grazing season. Compare this land to upland pasture costs and see the benefits of irrigated grass!

SURFACE WATER IRRIGATION RIGHTS: 2 Shares of Water under Minatare Mutual Canal (1888 Water Right), $800.00 for 2007. Paid By Buyer.

TAXES: 2006 Real Estate Taxes $301.38. Buyer pays all 2007.

LEGAL DESCRIPTION: PT of SW 1/4 (S of RR), PT of NW 1/4 (S of RR) Section 15, Township 21N, Range 53 West of the 6th P.M., Scotts Bluff County, Nebr.(143.41 acres +/-)

SALE DAY DEPOSIT: $40,000.00

TRACT FOUR: Improved 105 Acre Farm with Irrigated Pasture

Located from Minatare, Nebraska: (at the east side of Minatare on Hwy. 26) 1/2 mile south on 3rd Ave across tracks to the NW corner.   

With 84 Acres of Prime Farmland, Home & Buildings, 18 acres Pasture and Feeding Area

This farm is located right next to town! Irrigated land on the west and a small pasture on the east make this very attractive as an income producing acreage. The Home is 996 sq. ft. and is occupied by Mrs. Reichert who has a Life Tenancy in the home and adjacent buildings. Amenities:  2 possibly 3 Bedrooms, Newer Well, City Sewer,  Block Shop/Garage, Open front livestock shed, and several smaller farm buildings. The pasture to the east has a 20’ x 80’ open front livestock shed, windbreak shelter and 248 ft. of cement feed bunk line with apron on each side.

SURFACE WATER IRRIGATION RIGHTS: 1 Share of Water under Minatare Mutual Canal (1888 Water Right), $400.00 for 2007. Paid By Buyer.

TAXES: 2006 Real Estate Taxes were $1,481.32. Buyer pays all 2007.

LEGAL DESCRIPTION: Pt of S1/2 (South of RR) in Section 8, Township 21N, Range 53 West of the 6th P.M., Scotts Bluff County, Nebr. (104.97 acres+/-)

SALE DAY DEPOSIT: $25,000.00

PLAN NOW TO BUY AND RECEIVE POSSESSION FOR THE 2007 CROP YEAR AND GRAZING SEASON. Early Possession will be offered on the farm land and pasture land.

THIS LAND WILL BE SOLD TO THE HIGHEST AND BEST BIDDER.

TERMS: The land is to be sold for Cash with Closing on or before June 5, 2007. All financial arrangements must be made prior to auction. The Sale Day Deposit will be made day of sale upon being the successful bidder which will require signing the Purchase Agreement. The deposit will be applied to the purchase price with the balance due at closing.

MANNER OF SALE: Tracts will be offered individually. We plan to offer the following combinations: Tracts One & Two, Tracts One & Three, Tracts One, Two & Three and The Unit.

MINERALS: Sellers are reserving No Minerals.

LEAD BASED PAINT: Homes on Tracts Two and Four were built prior to 1978 and may contain Lead Based Paint. If Lead Based Paint is a concern, Buyers must inspect the premises prior to bidding at the auction at the Buyer’s expense. The Seller’s disclose that they are not aware of Lead Based Paint in the housing.

RURAL LIVING: Acreage Buyers will be required to sign a Rural Living Acknowledgement. WILDLIFE: The area is very attractive to Wildlife and Waterfowl in the winter months.

Announcements at sale supersede all prior advertising, printed or oral. All Agents for Kraupie’s Real Estate & Auctioneers are working as Seller’s Agents. 

The information contained herein has been obtained from sources believed to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it.  Buyers should rely on their own personal inspections and  investigations. Home and Land videos are available on our web site www.farmauction.net!   Come prepared to buy!

Jerry & Mark Reichert  - Owners

Watch for the Machinery Auction Coming Soon!