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Top Producing Central Saunders County Non-Irrigated Farmland and Building Lots Auction

TOP PRODUCING CENTRAL SAUNDERS COUNTY NON-IRRIGATED FARMLAND AND BUILDING LOTS AUCTION

Live On-Site Auction

Began: Thursday, March 18, 2010 at 6:00 PM CDT

Location: Union Bank, 328 West 3rd St, Wahoo, NE

Details

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TOP PRODUCING CENTRAL SAUNDERS COUNTY NON-IRRIGATED FARMLAND AND BUILDING LOTS AUCTION

* * * 118 ACRES SELLING IN 2 TRACTS PLUS 2 SCENIC BUILDING LOTS * * *

THURSDAY, MARCH 18, 2010   6:00 PM
WAHOO, NE: Auction will be held at the Union Bank Upper Level Conference Room (328 West 3rd Street)
PROPERTY LOCATION: The Farm & Building Lots are located just 5 miles South of Wahoo on the East edge of Swedeburg)

* * * TRACT # 1  -  78 ACRES * * *

This Excellent Farm features nearly 78 acres, more or less, of gently rolling, nearly all tillable well-drained Farmland. The land features a small portion of Class II (Colo Silty Clay Loam) soils and the majority in Class III (Sharpsburg Silty Clay Loam) soils. Access to the Land is Excellent with a County-maintained gravel road on the South boundary. This Farm also lies adjacent to Tract # 2 and can be purchased together for a total of approximately 118.5 acres, more or less. This Farm, along with Tract # 2, has already been surveyed and platted for acreage site from 2-3 acres in size, so there is development potential as well with many beautiful panoramic & scenic views to build your dream home on! This Farm Truly deserves your Interest & Consideration!

LEGAL DESCRIPTION: The balance of the East Half of the Southwest Quarter (E ½ SW ¼) AND part of the West Half of the Southwest Quarter (W ½ SW ¼) all in Section 34, Township 14 North, Range 7 East of the 6th P.M., Saunders County, Nebraska, containing 78 acres, more or less.

* * * TRACT # 2  -  40.5 ACRES * * *

This Excellent Farm lies adjacent to Tract # 2 and features over 40.5 acres, more or less, of gently rolling, nearly all tillable & well-drained Farmland. The land also features a small portion of Class II (Colo Silty Clay Loam) soils along with the majority in Class III (Sharpsburg Silty Clay Loam) soils. Access to this Tract is also Excellent as it has a County-maintained gravel road on the South boundary and also can be accessed from the dedicated drives in Hillside Estates Subdivision from the West. As is the case with Tract # 1, this Farm has already been surveyed & platted for acreage sites in the 2-3 acre size range with several sites offering beautiful panoramic & scenic views of the surrounding countryside to build your dream home on or invest in the future. The very Northeast corner of this farm also has an agreement in principal with the NRD to build a small dam near the North Boundary on a cost-share basis (75% paid by NRD, 25% paid by Landowner). This Farm Truly deserves your Interest and Consideration as well. Buy both tracts and increase your bottom line!

LEGAL DESCRIPTION: Part of the East Half of the Southwest Quarter (E ½ SW ¼) AND Part of the West Half of the Southwest Quarter (W ½ SW ¼) all in Section 34, Township 14 North, Range 7 East of the 6th P.M., Saunders County, Nebraska, containing 40.5 acres, more or less.

2009 REAL ESTATE TAXES (ON ENTIRE 118.5 ACRES):  $  2,292.60

FARM SERVICES AGENCY (FSA) INFORMATION:

Farm Number   - 9359
Farm Acres   - 140
Cropland   - 134.7
Total Base Acres  - 124.8
Corn Base   -   71.0 Acres
Yield (Dryland)   - 100 Bushels (Direct & CC)
Soybean Base   -    51.8 Acres
Yield (Dryland)   -   29 Bushels (Direct & CC)
Wheat Base   -      0.4 Acres
Yield (Dryland)   -    36 Bushels (Direct & CC)
Grain Sorghum Base   -      1.4 Acres
Yield (Dryland)   -    78 Bushels (Direct & CC)


* * * TRACTS # 3 & 4 – 2 to 3 ACRE BUILDING LOTS * * *

The Buyers interested in these Excellent Lots will have their choice from among 4 different building lots, all of which offer unique and beautiful panoramic and scenic views of the surrounding countryside. Only 2 of 4 of these select building lots will be sold at this Auction, with the Buyers having the privilege of selecting from 4 of them. Make your choice from (2) 2-acre sized lots or (2) 3-acre sized lots or take 2 of them and expand the size of your home and lot! If you are in the Market for a building lot close to town that you can spread out on, DO NOT MISS THIS OPPORTUNITY!

LEGAL DESCRIPTION: Lots 1, 2, 7 & 8, Hillside Estates Phase I Subdivision in the West Half of the Southwest Quarter (W ½ SW ¼) of Section 34, Township 14 North, Range 7 East of the 6th P.M., Saunders County, Nebraska, containing 2-3 acres each, more or less.

LOT # 1  - 3.0116 Acres  $  76.50 (2009 RE Taxes)
LOT # 2 - 3.0101 Acres $  93.76 (2009 RE Taxes)
LOT # 7 - 2.046   Acres $  62.22 (2009 RE Taxes)
LOT # 8 - 2.018   Acres $  34.06 (2009 RE Taxes)

* * * TERMS OF THE REAL ESTATE AUCTION * * *

AUCTION DAY TERMS: An Earnest Deposit of $ 25,000.00 per Tract (Tracts # 1 & 2) and $ 5,000.00 per Tract (Choice of Lots 1, 2, 7 & 8) will be required on Auction Day. Balance will be Due on or Before April, 26, 2010. Title Insurance & Escrow Closing Fees will be divided equally between Buyer and Seller. Marketable Title.

POSSESSION: Full 2010 Crop Year Possession will be given to the New Buyers at Closing. Possession of the Building Lots will be given to the New Buyers at Closing as well.

REAL ESTATE TAXES: All 2009 & prior years taxes will be paid by the Seller on Tracts # 1 & 2 and all 2010 and beyond will be paid by the Buyer. All 2010 Real Estate taxes will be pro-rated to the date of Closing for the purchase of the Building Lots.

AGENCY DISCLOSURE: Any/all Agents involved in the Real Estate Transactions are Agents of and Represent the Seller.

1031 EXCHANGES: Any Buyers desiring to do a 1031 Tax Exchange are encouraged to make prior arrangements with the Auction Company prior to the Auction to have the necessary paperwork in order at the Auction that is required to arrange such exchange. We will attempt to accommodate any Buyers desiring to do an Exchange.

AUCTIONEER’S NOTE: Make your plans now to attend this Interesting Auction. The Owners of BRS Development, LLC have made the decision to sell their holdings at Public Auction. If you are currently iin the Business of Farming, this is an Excellent Opportunity for you to add a Top Quality Farm to your current Operation. If you are investing for the future, all the work has been done to turn this Farm into a tremendous acreage-site development within a reasonable driving distance from either Omaha or Lincoln and a very quick commute to either Wahoo or Ashland! For Further Information, Photos or Brochure, Please Contact the Auction Company or visit the website at www.nitzauctions.com.

BRS DEVELOPMENT, LLC  -  SELLERS
BILL HANCOCK, RON SLADKY & SCOTT TINGELHOFF, OWNERS

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