Elk City, KS 67352(Chautauqua County)

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, April 19th, 2022 at 2 PM(cst)|BIDDING BEGINS CLOSING: Thursday, May 5th, 2022 at 2:10 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.

Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres.

$75,000anticipates closing on or before 30 days from the date of sale. A 45-day close is available at the discretion of the purchaser with a deposit of $100,000in earnest money at the time of contracting.

Lots are split however no survey will be completed. It is the Buyers responsibility to obtain a survey to determine specific boundary lines and exact acreage amounts if desired. Taxes TBD. Subject to existing pasture and hunting lease agreements, both the hunting and pastureland leases will terminate on December 31st, 2022. Tenants will have the right to remove their non-permanent items in a timely manner (weather dependent) after lease termination. Any equipment and or infrastructure from historic oil/gas leases on the land is considered to be abandoned and will remain with the property

All mineral rights held by the seller will pass with the real estate to the buyer.

Tenant rancher is currently leasing the neighbor's 1/4 section along with this property in the northeast corner. There is currently no permanent fencing on the northeast boundary line between the two properties