22800 SW 36th St , Burrton, KS 67020(Harvey County)

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, July16th, 2024 at 2 PM(cst)|BIDDING CLOSING: Thursday, July25th, 2024 at 2 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.

Buyer's Choice:

$30,000 earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale.

$40,000 earnest money deposit at the time of contracting with a closing on or before 45 days from the date of sale.

Cotton is currently planted on the south portion of the property; soybeans will be planted after wheat harvest on the north portion. The landlord and tenant agree that the farm lease will transfer to the new buyer. The tenant will have the right to plant a soybean crop and harvest both soybeans and cotton. The 1/3rd share of the soybean and cotton crop and the landlord's share of expenses will transfer to the new buyer. After the fall harvest the tenant will give possession to the new buyer unless a new tenant-farmer agreement is made.

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 bid price of $800,000 (plus Buyers Premium, if applicable). 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 or a parcel is 158.3 would be offered as 158 acres.