314 S Cherokee, Hennessey, OK 73742 - Kingfisher County

155 IRRIGATABLE ACRES * BRICK HOME *RESIDENTIAL LOTS HENNESSEY AREA

ABSOLUTE AUCTION

Saturday June 1st 10 A.M.

Auction Location: 314 S. Cherokee Ave Hennessey, Ok.

All parcels will be sold from Parcel #2.

Parcel 1:

NW/4 13-19N-8 W.I.M.

Directions to Farm: From Hwy 81 & 51 in Hennessey Ok. Go 6.5 miles west on Hwy 51, them 1/2 mile north or from Hwy 132 & 51 go 1 mile east then 1/2 mile north

This tract consists of approximately 155 +/- acres and according to the Kingfisher County FSA there are 148.7 acres of irrigated cropland, with a 100.4 acre wheat base and a 27 bushel per acre yield. This property also offers a 48.3 acre peanut base with a 24.51 bushel per acre yield. The farm is improved with an irrigation well that was tested in 2012 and produced 400 gallons of water per minute. Irrigation pivot is owned by tenant. Preview on your own during daylight hours.

Legal Description: NW/4 13-19N-8 W.I.M. Kingfisher County Oklahoma.

Taxes: $386.41

Minerals: Surface rights only.

Possession: October 31, 2013 or after the harvest of the Soybean crop, whichever comes first. Buyer will receive a prorated rent payment from tenant July 2013 of $1,516.44

Parcel 2:

314 S. Cherokee Ave Hennessey, Ok. (Auction Location)

Here is a great opportunity to purchase a great starter/investment property in Hennessey Oklahoma. According to the County Assessors Office this property offers 1,172sq.ft. of living space with a single car detached garage and sits on 2 lots. This property offers 2 bedrooms, 1 full bathroom, living room, kitchen, and window unit air and floor furnace heat.

Legal Description: Lot 17-18 Block 44 Hennessey Addition Hennessey Oklahoma.

Taxes: $140.12

Minerals: Surface rights only.

Possession: will be given at closing.

Parcel 3:

121 W. 5th Hennessey, Ok.

5 vacant lots to be sold in one tract

Legal Description: Lots 20-24 Block 12 Cherokee Addition Hennessey Oklahoma.

Taxes: $69.50

Minerals: Surface rights only.

Possession: will be given at closing.

Parcel 4:

601 S. Cheyenne Hennessey, Ok.

314

Legal Description: Lots 1-4 Block 3 Dawsons Addition Hennessey Oklahoma.

Taxes: $55.61

Minerals: Surface rights only.

Possession: will be given at closing.

For more information on this property contact Brady Lippard at 580-747-2304 or 580-237-7174

Internet Bidding: Will be available by logging on to the Lippard Auctions website. Neither Auction Company nor Seller is responsible in the event of loss signal by either side.

Terms on Parcel 1 & 2: 10% of the total purchase price is to be placed in escrow the day of auction with the balance being due upon delivery of marketable title.

Terms on Parcel 3 & 4: 100% day of auction, properties will transfer with Quit Claim Deeds only. Closing will be in 10 days, Closing Fees $75 and 2013 taxes will be paid by Buyer at the end of the year.

PERSONAL PROPERTY WILL BE SOLD FROM PARCEL #2 IMMEDIATELY FOLLOWING REAL ESTATE LOOK ONLINE FOR DETAILED PERSONAL PROPERY LIST.

TERMS PERSONAL PROPERTY: Cash, Approved check, Visa, MasterCard, Discover, American Express. All information is taken from sources believed reliable; however, no guarantee is made by the auction company or the seller. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of auction supersede all advertising.

Seller: Leona Melton Estate