Eppenbach Farms Absolute Real Estate Auction

November 30, 1:00 pm, 2020


Tract 1 SOLD: $2675 per acre

Tract 2 SOLD: $1725 per acre

Tract 3 SOLD: $4900 per acre

Sale Site: Elyria Hall, Main Street, Elyria, Nebraska


1,020.42+/- Acres Of Garfield And Valley County Pivot Irrigated Cropland, Pasture & Home Building Site

Land Location: Tract #1 From Burwell, NE travel 7 miles east on Hwy #91, then 2 miles south on 474 Ave, then west at Eppenbach Farms sign on 823 road to the private driveway. Tract #2 From Elyria, NE 1 ½ miles north on Fort Ave, then east on 819A road that turns north into 473 Ave for 1 ½ miles to the property on the east side of the graveled county road. Tract #3 From Highways #91 & #70 junction west of Ericson, NE travel 5 miles west on Hwy #91 to the property on the north side of the highway and all marked by Wolf Auction signs.

Legal Description: Tract 1# S2NW4; SW4 25-21-15, SE4 of 26-21-15, NE4 of 35-21-15 Garfield Co, NE. Tract #2 W2 of 1-20-15, Valley Co, NE. Tract #3 SW4 less ROW 14-21-14, Garfield Co, NE.

Acres: Tract #1 560+/- acres. Tract #2 302.97+/- acres. Tract #3 157.45+/- acres.

2019 RE Taxes: Tract #1 $12,696.68. Tract #2 $4,337.02. Tract #3 $5,487.86.

Certified Irrigated Acres: Tract #1 175.5 certified irrigated acres by Well G-055872. Tract #3 130 certified irrigated acres by Well G-036056.

Improvements: Tract #1 Valley 1978 10 tower center pivot, full swing, recent sprinkler package; older 9 tower center pivot, quarter swing, 4-cylinder turbo Cummins motor that runs both pivots but not at the same time, 1000-gallon fuel tank. The headquarters has a three bedroom, one bath home with basement, creditable background working pens, large loafing pens, owner rated at 1500 calves, Pearson alley way and tub, guardrail in high stress areas, balance continuous and five wire fences, mature windbreaks throughout. Tract #2 Guardrail catch pens, one windmill and two ponds. Tract #3 Older 10 tower center pivot, full swing, Ford V10 motor, leased propane tanks.

FSA Information: Tract #1 188.83 cropland acres with 122.40 base acres of corn and 28.90 base acres of soybeans. Tract #2 N/A. Tract #3 136.73 cropland acres.

Well Information: Tract #1 Nebraska Department of Natural Resources indicates Well #G-055872 was drilled on 2-15-1977, 266’ depth with 82’ static level, 90’ pumping level, pumping 800 gpm. Tract #3 Well #G-036056 was drilled on 10-15-1969, 215’ depth with 100’ static level, 112’ pumping level, pumping 800 gpm.

School Lease Tract #1 Information: Currently there is a four year lease remaining of $3,428.57, plus $1,640.00 of improvements totaling $5,068.57 due to the seller at closing which will be paid by the buyer.

Broker's Comments: The tracts will be sold separately and not as a whole. Tract #1 would make an excellent backgrounding unit with feed, grass, great pens and protection. Tract #2 is a very good half section of grass with great access. Tract #3 has very good sandy loam soil with a pivot that lies well, good fences and access make this a very good quarter of land.

Agency Disclosure: 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.

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 December 28, 2020 with possession for Tract #2. Possession for Tracts #1 & #3 is March 1, 2021. Title insurance premium to be divided 50/50 between buyer and seller. 2020 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.

Steve Wolf, Broker & Auctioneer

Dani Knott & Jenny Wolf, Sales Associates

Coy Wolf & Von Svoboda, Associate Brokers

Sellers: Michael J. Eppenbach & Debra K. Eppenbach Trust, Owners

Additional Documents

Sale Bill