Auction Information
Online Bidding Site(Harvey County) ABSOLUTE 78.71 +/- Acres of Recreational Land
ONLINE ONLY!!! NO MINIMUM, NO RESERVE!!! Excellent opportunity to own 78.71 +/- acres just north of Wichita, near Newton!
15+/- miles north of Wichita
Newton school district
Close proximity to I-135
Recreational use
Potential home site
Zoned Agricultural
Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, June 1st, 2021at 2:00 PM (cst)|BIDDING CLOSES: Thursday, June 10th, 2021 at 2:00PM) (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 tim...
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 of $800,000.
This property is selling subject to the existingfarmer's tenant rights.The historical hand shake agreementhas been a crop production split of 1/3 landowner and 2/3 farmer.The existing wheat crop & hay production split will remain with Seller.Post wheat harvest double crop beans will be planted by tenant farmer.The Buyer will get their landowner share of the bean production minus related fertilizer expense.Farmer anticipates crop harvest and possession in late Fall. Farmer has indicated they would like to continue farming for the new Buyer if at all possible.
Directions
I-135 N & E. 125th St N - East to S. Spencer Rd, North to property, just north of SE 84th St