Auction Information
JAK Farms, L.C. Land Auction
LAND AUCTION
81.25 Acres, more or less
Childress and Hardeman Counties, Texas
DATE: Thursday, December 8, 2022
TIME: 1:00 pm
AUCTION LOCATION: This auction will be held on the south side of the courthouse in Quanah, TX
SELLER: JAK Farms, L.C.
Location of Land: This 81.25+/- acres is located northeast of the intersection of County Road 25 and County Road DD. Most of the land is located in Childress County, with the very eastern part located in Hardeman County TX. (Between Childress and Quanah Texas)
FSA DATA: Farmland 78.4 acres, Cropland 67.61 acres, BASE ACRES: Peanuts 62.8 acres, Yield 3,918 lbs., Generic 4.5 acres
Note: The property is currently in grass with several Mesquite trees. It would make a nice hunting property. A transmission line crosses the southwest portion of the property. Good access is provided by County Road 25 and County Road DD.
Legal Description: Being 81.25 acr...
Legal Description: Being 81.25 acres out of the Southwest quarter of Section No. THREE HUNDRED EIGHTY THREE (383), Block H, W&NW RR. Co. Survey, Abstract No. 340, in Hardeman and Childress Counties, Texas.
Terms: Property will be sold "AS IS" at auction. Buyer and Seller will sign a standard Farm and Ranch contract immediately after the auction. Buyer is required to pay 10% for earnest money on the day of the sale to Hardeman County Title Company, LLC.
Closing date will occur 30 days after auction. Earnest Money will be non-refundable if transaction fails to close due to Buyer's inability to obtain financing, if any. Earnest money will be credited to the purchase price at closing. Seller will provide title insurance and deed preparation. This is a reserve auction. Seller will have 30 minutes after the auction to accept or reject any and all bids. Sold for cash* Not contingent on financing*
Any announcements made sale day take precedence over all other previous advertisements. Each bidder should perform and investigation to verify the information in this advertisement, as no warranties are created within*
Note: Street Real Estate and XIT Auctions LLC represent the Seller in this transaction. If a Buyer uses another Realtor or Broker, that Buyer must pay the other Realtor or Broker's fees, if any.
Contact Information:
XIT Auctions: Auctioneer-Aubrey Latham 580-393-4440 or Jacob Latham 806-679-0466 *Texas License #10620* Oklahoma License #150319
Street Real Estate- Texas License #601452* Johnny Street 806-847-7400* Texas License #526784
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South side of Courthouse in Quanah Texas.