Rooks County, Ks. Real Estate Auction
Selling 960± Acres of Land Plus A Beautiful Ranch
Style Brick Home Located in Palco, Ks. for the Dorothy Hinkhouse Estate
Tuesday, June 8th, 2010 10:00 A.M.
Auction Location: Palco Community Building, Palco, KS.
Tract 1 – Land Location:
1
Mi. south of Palco Ks. on 4 Rd to X Rd. to SW corner.
Sold- $266,000.00
Legal Description:
Surface Only in and to The West Half (W/2) of Section Thirty Four
(34), Township Nine (9) South, Range Twenty (20) West of the 6th
P.M., Rooks County, Ks. being 320 Acres More or Less.
General Description:
This tract of land has approx.195.5 acres of crop land w/the balance being
pasture and includes a farmstead. There are 2 water wells, on that services the
farmstead and the other that services the pasture. The solar pump on the pasture
well is the property of the tenant and will be removed. Crop Bases: Wheat; 87.77
acres W/40 bu. yield, Oats; 4.76 acres W/37 bu. yield, Grain Sorghum; 44.22
acres W/43 bu. yield, Sunflowers; 7.35 acres W/1214 lb. yield and Soybeans; 3.56
acres W/11 bu. yield
Tract 2 - Land Location:
1 ½
Mi south of Palco Ks. on 4 Rd to NE corner.
Sold- $370,000.00
Legal Description:
Surface Only in and to The South Half (S/2) of Section Thirty
Three (33), Township Nine (9) South, Range Twenty (20) West of the 6th
P.M., Rooks County, Ks. Being 320 Acres More or Less.
General Description:
This tract of land has approx.243.55 acres of crop land w/the balance being
grass & waste. Crop Bases: Wheat; 109.33 acres W/40 bu. yield, Oats; 5.94 acres
W/37 bu. yield, Grain Sorghum; 55.08 acres W/43 bu. yield, Sunflowers; 9.15
acres W/1214 lb. yield and Soybeans; 4.44 acres W/11 bu. yield
Tract 3 – Land Location:
4
Mi. south of Palco Ks. on 3 Rd to AA Rd, 3 Mi. West to 2 Rd, 1 Mi. South to NE
corner.
Sold- $176,000.00
Legal Description:
The North Half (N/2) of Section Nineteen (19), Township Ten (10)
South, Range Twenty (20) West of the 6th P.M., Rooks County, Ks.
Being 320 Acres More or Less.
General Description:
This tract of land has approx.97.3 acres of crop land w/the balance being grass
& waste. Crop Bases: Wheat; 40.5 acres W/37 bu. yield and Grain Sorghum; 31.8
acres W/43 bu. yield
Tract 4 – Location: 301 E 3rd, Palco, Ks.
Sold- $91,000.00
There Will Be an Open House Sunday
May 30, 2010 from 2:00 P.M to 4:00 P.M.
Legal Description:
The East 107 ft. of Lots 4, 5 & 6, Block 15, City of Palco Ks
General Description:
The attractive 2/3 bedroom brick ranch style home has many amenities including
an enclosed sunroom, an open kitchen w/lots of cabinet space, a family room w/ a
brick fireplace and a formal living room that adjoins the dining area. There are
3 full baths, a partial basement and a single car attached garage. The beautiful
back yard offers a lot of privacy. This home 2,600 sq. ft. home was constructed
in 1951 and has a "lifetime" composite roof.
Terms: 10%
down day of sale with the balance to be paid at closing.
Possession:
Buyer shall be given possession immediate upon closing on tracts
3 & 4 and possession of tracts 1 & 2 will be Nov.1, 2010 or immediately
following the harvest of the corn crop currently growing on said tracts.
Possession of the pasture and grass on tracts 1 & 2 shall be Nov. 1, 2010.
Minerals:
Seller(s) shall reserve all mineral rights on tracts 1 & 2 and shall convey all
mineral rights in tract 3 to the buyer
Growing Crops & Cash Rent:
Buyer shall receive an undivided one-third (1/3rd) of all growing
crops. Buyers on tracts 1 & 2 will be required to reimburse fertilizer expenses
pertaining to said corn crop in the amounts of; Tract 1 - $1,152.28 and Tract 2-
$1,434.51. The buyer of tract 1 will be entitled to $12.00 per acre on approx.
110 acres for the pasture cash rent from the tenant.
Title Insurance:
Title insurance shall be used to prove clear & merchantable title with the Buyer
& Seller sharing equally the owner’s policy expense. The mortgage policy, if
required, will be the expense of the buyer.
Taxes & FSA & CRP Pmts.
The 2009 and prior years taxes will be paid in full by the sellers. 2010 Taxes
will be prorated to date of closing. All subsequent years taxes will be the
responsibility of the buyer. Seller shall convey to buyer all land owners share
of the FSA payments that may be payable from the date of this sale. 2009 taxes
were: Tract 1 - $950.20, Tract 2 – $898.88, Tract 3 - $445.66, Tract 4 (the
home) - $1,953.16
Conditions
All acreages are considered to be approximate and are deemed to
be from reliable county & FSA sources. Buyers are encouraged to verify details
and view properties prior to the auction. Announcements made day of sale shall
take precedence over printed material. This auction sale is not contingent
upon the purchaser's ability to finance the purchase. Consult your loan agency
prior to the auction.
Seller:
The Dorothy Hinkhouse Estate - Robert L. Lampert, Executor
