Absolute Auction – 221+/- Acres of Garfield County North Loup Riverfront, Irrigated Crop Ground & Building Site

February 17, 1:00 pm, 2020

Sold

SOLD: $3,900 per acre

Sale Site: 83 Grand Event Center, 440 Grand Avenue, Burwell, NE

Description:

221+/- Acres of Garfield County North Loup Riverfront, Irrigated Crop Ground & Building Site

Improvements: There is a 2013 6 tower Reinke pivot with 1,642 hours, Chevy 292 power unit, Berkley pump, FieldWise monitor box, and 500 gallon propane tank. All current gated pipe will remain with the property (pipe trailer not included). A large amount of Black walnut trees is located on the west side. A bin site includes 25,000 bushel storage including one bin with stirator and dry fan with no heat, and two bins with fans. The building site includes a 40’x60’ Chief building with concrete & dirt floor; a 50'x115' curvette with 20' wide by 14' tall door, concrete floor, wiring to include 220 v.; and additional outbuildings. The east home is a 2 bedroom, 1 bathroom ranch style home with basement. The home will be sold subject to existing life use.

Land Location: At the junction of Highways 11 & 91 south of Burwell, Nebraska, travel west 2 ½ miles with the property lying on the north side and marked by Wolf Inc. Auction signs.

2019 Real Estate Taxes: $8,576.56 (includes additional property)

FSA Information: FSA records indicate 108.58 cropland acres with 96.8 total base acres broke down to 3.7 wheat, 12.9 oats and 80.2 corn.

Revised Water Information: There are 120.6 acres of surface water rights from the North Loup Irrigation District. The fee is $56 per acre. It is mandatory to pay for all acres. There are 50.68 acres of certified ground water rights from the pond. Also included are 30 acres of certified ground water acres from the electric irrigation well west of the building site. East of the building site are 40 acres of ground and surface water rights combined. (Please see attached water map.) Submersible well and waterer at the bin windbreak area. Submersible well at the house. Sand point jet pump by the calving building and pens. There is a 16.5 acre recreational parcel which contains a 6 acre pond. Registered wells include G-000414 drilled 7-1-2004 pumping 800 gpm and G-145776 drilled 1/1/1980.

Steve Wolf, Broker & Auctioneer

Dani Knott, Jenny Wolf & Jim Wakefield, Sales Associates

Coy Wolf & Von Svoboda, Associate Brokers

Sellers: Marvin and Donita Hulinsky, Owners

Broker Comments: This parcel has crop ground, highway access, an existing building site, a large pond and .9 miles of riverfront with great recreational potential. This is a top white tail deer location along with turkey and water fowl.

Announcements: Property information provided was obtained from sources deemed reliable, but the auctioneer makes no guarantees as to its accuracy. To be bought in an as-is condition. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All announcements made day of the auction by the auctioneer will take precedence over any previously printed material or oral statements. Bidding increments are at the discretion of the auctioneer. No absentee or telephone bids will be accepted by the auctioneer without prior approval. Owner and auctioneer not responsible for accidents.

Terms: 10% down the day of the sale with balance due at closing on or before March 17, 2020 with possession. Title insurance premium to be divided 50/50 between buyer and seller. 2019 real estate taxes will be paid by the seller. Announcements and verification made by the Escrow agent or the agents of sale at the date and time of sale shall supersede any prior advertising. Sale is not contingent on buyer financing. Call for a private showing.

Agency Clause: Wolf, Inc. Auction & Real Estate is acting as agents of the seller, with duty to represent seller’s interest, and will not be an agent of the buyer.