976 Southwest Shumway Road , El Dorado, KS 67042(Butler County)

PROPERTY DESCRIPTION: 32.8 acres located between Towanda and El Dorado in Butler County, Kansas. Features include a 40 x 30 metal building with a concrete floor, 2 rural water meters, and an excellent amount of road frontage offering the opportunity for a future rural development. The property is currently 2 separate tax parcels with Butler County PLUS the zoning is rural residential allowing some creative options! There is an old house and multiple other buildings on the property. The north boundary of the property is HWY 254. Access along the west is provided by township gravel road Shumway, and access along the south boundary is township gravel road SW 10th St. This property is selling SURFACE RIGHTS ONLY, the Seller does not own the mineral rights. This is a very unique opportunity to Invest In Land!

LEGAL DESCRIPTION: Please view the title insurance commitment and real estate purchase contract for a full legal description.

2022 REAL ESTATE TAXES: $2,110.70

TERMS: It will be your bid times 32.8 to arrive at the contract price wether there are more or less acres than that. There will be a 10% buyers premium added to the high bid to determine the contract price. Earnest money is $20,000 due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before January 8, 2023. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. Fence lines, boundaries, and acreages are not guaranteed. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.