161.9 +/- Acres at SE 110 St & 80th Ave, Kingman, KS 67068 - Kingman County

ONLINE ONLY!!!161.9 +/- acres in Kingman, Kansas!!! Located at the Northwest corner of SE 110 Street and SE 80 Avenue this property has so much to offer from farmlandto recreational use!

98.11 +/- acres of wheat

15.53 +/-acres of soybeans

48.26+/- pasture/ recreational ground

Active oil production

55X120 farm utility storage shed

18X21 tool shed

12X16 tool shed

Treeline

Pond

Fencing

Less than an hour from Wichita

Approximately a 20-minute fromNorwich

The current oilproduction lease gives the owner1/8th share that will transfer to the buyer. Per the seller, in 2020 the owner's portion was $4,766.84.

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, August31st, 2021at 2:00 PM (cst)|BIDDING CLOSES: Thursday, September16th, 2021 at 2:30PM) (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. All mineral and water rights transfer to the buyer subject to the existing lease. The seller would be willing to plant wheat on a 1/3-2/3 share crop basis if the buyer desires.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.