Burns, KS 66840 - Marion County

Auction Date: TUESDAY NOVEMBER 12, 2024 6:00 PM

Auction Location: EL DORADO CIVIC CENTER, 201 E CENTRAL AVE, EL DORADO KS

Online bidding will be available for this auction! Visit our website for details!

Du Wayne L. Wiebe Revocable Living Trust, Seller

PROPERTY DESCRIPTION: 154.3 acres located south of Burns in northern Butler County, Kansas. This diverse and productive farm has tillable farm ground, native hay meadow, and brome grass PLUS oil income. The landowner receives a 1/8 royalty interest of the oil produced. In 2024, the corn crop on the property produced 145 bushels per acre! Acreage breakdown is approximately; 95 acres tillable, 48 acres native, and 11 acres brome grass. If you are looking a diverse income producing property, take a look at this opportunity to Invest In Land!

LANDOWNER OIL INCOME HISTORY: 2021 $32,263.67, 2022 $35,734.22, 2023 $18,890.86, 2024 YTD $11,700.84

LEGAL DESCRIPTION: The Southwest Quarter of Section 32, Township 23 South, Range 5 East of the P.M., Butler County, Kansas. Subject to public road.

2023 REAL ESTATE TAXES: $1,577.26

AVAILABLE ON OUR WEBSITE: REAL ESTATE PURCHASE CONTRACT, PRELIMINARY TITLE INSURANCE REPORT, SOILS MAP, FSA MAP

TERMS: We will sell this land by the acre, your bid times 154.3 to arrive at the contract price. Earnest money in the amount of $75,000 is due at the conclusion of the auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before December 12, 2024. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. Fence lines, boundaries, and acreages are not guaranteed. All pertinent information is available upon request.