El Dorado, KS 67042 - Butler County

Auction Date: TUESDAY APRIL 4, 2023 6:00 PM

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

TRACT 2 OF 4: PROPERTY DESCRIPTION: 78.3+- acres of heavy timber, brush and live water bordering Butler Community College with oil income! Access is provided by blacktop Towanda Ave all along the north boundary. A perimeter fence around the property and 1/2 mile of spring fed live creek water allows the property to be utilized for livestock grazing year round. In addition to that income potential, this property has all the habitat you could want in place for excellent Kansas Whitetail Deer hunting. With a great location and some blue sky future development potential, this property is an excellent opportunity to Invest In Land! 749 total barrels were produced in 2022 from the lease that covers tracts 2, 3, & 4.

AVAILABLE ON OUR WEBSITE: REAL ESTATE PURCHASE CONTRACT, OIL RENDITION SHEETS, WATER & SEWER INFO.

LEGAL DESCRIPTION: The West Half of the Northeast Quarter of Section 9, Township 26 South, Range 5 East of the 6th P.M., Butler County, Kansas.

2022 REAL ESTATE TAXES: $383.16

EARNEST MONEY: $25,000

TERMS: There will be a 10% buyers premium added to the high bid to determine the contract price on each tract. Earnest money is specified above and 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 May 5, 2023. 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. All announcements made the day of the auction take precedence over any other announcements or printed material. On ALL TRACTS, Possession shall be given to Buyer at Closing subject to an existing Oil and Gas Lease to which the Buyer takes subject. If the leased premises are now or hereafter owned in severalty or in separate tracts, the premises, nevertheless, will be developed and operated as an entirety and the royalties will be paid to each separate owner in the proportion that the acreage owned by him bears to the entire leased area. This sale is subject to judicial approval.