200 +/- Acres Offered in 3 Tracts Outstanding Farm/Recreational Land | Noble & Kay Co., OK

June 23rd, 2020
| 11:00 A.M.

Auction Location

On-Site

Driving Directions

From Jct. of US 177/ US 60 (Ponca City), 6 miles S. on US 177, then W. on County Line Rd.

Auction Manager/s

Lynsie Sturgeon
| 580.554.2633
Quentin Sturgeon
| 580.554.7133

Seller

The Sue & Eric Hinrichs 2005 Trust

The Hinrichs family land offers outstanding farming, as well as recreational opportunity with nearby Salt Fork Arkansas River, productive soils, all-weather access (blacktop frontage) off US 177. These 3 tracts of land lie within a mile of each other and have 176 +/- combined acres of highly productive cropland.  Irrigation is present ¾ mile north along the Salt Fork Arkansas River. Wildlife prominent in the area include: Whitetail deer; Rio Grande turkey; Mourning dove; waterfowl; small game; and predators. Be sure to take a look!

FARM #1 (100+/- ACRES) SOLD! $266,000

 

According to the Kay Co. F.S.A., there are 99.17 acres of cropland with a 97.56 acre wheat base & 36 bu./ac. yield. Principal soil type of the cropland is Keokuk very fine sandy loam, Class I (73%), with a lesser amount of Gaddy loamy fine sand, Class III. Land lays level & is easily tilled. Legal: The W/2 E/2 NW/4 & E/2 W/2 W/2 NW/4 & E/2 W/2 NW/4 of 4-24N-2E, Noble Co., OK ‘19 Taxes: were approx. $336.00.

FARM #2 (80+/- ACRES) SOLD! $300,000

 

According to the Kay Co. F.S.A., there are 70.36 acres of cropland with a full wheat base & 34 bu./ac. yield. Principal soil type of the cropland is Keokuk very fine sandy loam, Class II (70%), with lesser amounts of Keokuk very fine sandy loam, Class I & Gaddy loamy fine sand, Class III. Cropland lays level & is easily tilled. Balance of the land is in an approx. 4.88 acre pit, comprised of native grass & timber along the river, providing excellent hunting potential. Legal: The S/2 SE/4 of 32-25N-2E, Kay Co., OK ‘19 Taxes: were approx. $198.00.

FARM #3 ( 18+/- ACRES) SOLD! $19,000

 

According to the Kay Co. F.S.A., there are 6.68 acres of cropland with a full wheat base & 34 bu./ac. yield. Principal soil type of the cropland is Reinach loam, Class I, with a small amount of Dougherty-Eufala complex, Class IV. Balance of the land is in thick timber & a pond- a small, conveniently located, recreational tract. Legal: The S/2 SE/4 SW/4, less hwy, of 34-25N-2E, Kay Co., OK ‘19 Taxes: were approx. $92.00.

General Statements

Order of Auction: Farms will be offered individually only. 2020 Taxes: will be prorated to the day of closing. Possession of Farms #1 & #2: will be given upon payment in full of the purchase price & transfer of title, at closing, subject to the existing agricultural lease which expires upon completion of harvest of the 2020 bean crop or December 1, 2020, whichever is later. Possession of Farm #3: will be given upon payment in full of the purchase price & transfer of title, at closing, subject to the existing agricultural lease which expires upon completion of harvest of the presently growing 2019-2020 wheat crop or July 1, 2020, whichever is later. Minerals: No minerals are being sold or transferred. Crop:  Does not sell.
Registration: All bidders are required to register with valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details.
Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title.  All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer.  Buyers should satisfy themselves as to acreage, crop base, condition, etc. prior to auction day.  Announcements made day of auction take precedence.

Auction Results

$585,000