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25.95 +/- Acres E Eighth Ave

Kingman, KS 67068
  • $0
  • STATUS: Active
  • MLS #: 612454
UPDATED: 64 min ago
$0
  • 0
    BEDS
  • 25.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Isaac Klingman of Mccurdy Real Estate & Auction, Llc.




Description

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, June 16th, 2022 at 2 PM (cst) | BIDDING CLOSING: Friday, July 1st, 2022 at 2:30 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!!Bidding is by the acre, please review the disclosures section for definition.If you have been looking for acreage to build your dream property this 26+/- acres is for you. Located directly outside of Kingman on 8th St only 1 mile east of S Main St the acreage gives you the benefits of being close to town without sacrificing the county feel. This land features a well-built shed building, gas well, tree cover, rolling topography, electrical access, and more. All while offering unlimited potential and presenting an opportunity that would be perfect for anyone looking to build or invest in land. There is a current and active gas lease operating on the land that is generating a royalty income. The mineral rights to this land to transfer to the new buyer and the buyer will receive a portion of that income. The portion they will receive will be determined based upon how much acreage they purchase and the percentage that the acreage makes up of the entire land the lease is on. The royalty is a 1/8 royalty that has historically been producing payments to the owner of $750+/- a month, please note that this will fluctuate with current market prices for natural gas. If you have any questions, please contact the auction managerPlease see supporting documents for gas well information. 25.946 acres Rolling topography Trees Shed building Open sided shed Electrical access Water well Income producing gas well 8th St Road frontage 1 mile east of S Main St Zoned Agricultural There is a well present at the property; however, Kingman County waived the inspection requirement because the parcel is vacant and does not currently include a residence. If a residence is built on the property in the future, the prospective owner will be required to have any well and/or wastewater systems inspected and to comply with all Kingman County requirements. Taxes on the individual parcels will be estimated at closing as final amounts will not be available until such time as the lot split is finalized. Please see survey to reference parcels, Parcel 2 is not offered for auction. Definition of 'selling by the acre: A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered "by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or sellers agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyers premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $10,000.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-07-03T00:00:48.083.
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25.95 +/- Acres E Eighth Ave Kingman, KS 67068

  • Price: $0
  • Status: Active
  • On Site: Days
  • Updated: 64 min ago
  • MLS #: 612454
0
Beds
0
Baths
0
½ Baths
25.95
Acres
Neighborhood:
None
County:
Kingman
Area:
Kng - Kingman County
Elementary School:
Kingman
Middle School:
Kingman
High School:
Kingman
School District:
Kingman - Norwich School District (Usd 331)
Property Description
Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, June 16th, 2022 at 2 PM (cst) | BIDDING CLOSING: Friday, July 1st, 2022 at 2:30 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!!Bidding is by the acre, please review the disclosures section for definition.If you have been looking for acreage to build your dream property this 26+/- acres is for you. Located directly outside of Kingman on 8th St only 1 mile east of S Main St the acreage gives you the benefits of being close to town without sacrificing the county feel. This land features a well-built shed building, gas well, tree cover, rolling topography, electrical access, and more. All while offering unlimited potential and presenting an opportunity that would be perfect for anyone looking to build or invest in land. There is a current and active gas lease operating on the land that is generating a royalty income. The mineral rights to this land to transfer to the new buyer and the buyer will receive a portion of that income. The portion they will receive will be determined based upon how much acreage they purchase and the percentage that the acreage makes up of the entire land the lease is on. The royalty is a 1/8 royalty that has historically been producing payments to the owner of $750+/- a month, please note that this will fluctuate with current market prices for natural gas. If you have any questions, please contact the auction managerPlease see supporting documents for gas well information. 25.946 acres Rolling topography Trees Shed building Open sided shed Electrical access Water well Income producing gas well 8th St Road frontage 1 mile east of S Main St Zoned Agricultural There is a well present at the property; however, Kingman County waived the inspection requirement because the parcel is vacant and does not currently include a residence. If a residence is built on the property in the future, the prospective owner will be required to have any well and/or wastewater systems inspected and to comply with all Kingman County requirements. Taxes on the individual parcels will be estimated at closing as final amounts will not be available until such time as the lot split is finalized. Please see survey to reference parcels, Parcel 2 is not offered for auction. Definition of 'selling by the acre: A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered "by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or sellers agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyers premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $10,000.
Exterior Features

Frontage Dirt Improvements None Land Type Undeveloped Acreage Lot Size Or Sq Ft 1130382 Miscellaneous Features Other/See Remarks Outbuildings Equipment Barn Shape Location Rectangular Topography RollingWooded

Property Features

Builder Options Open Builder Flood Insurance Unknown HOA No Ownership Corporate Present Use PastureTillable Property Taxes 0 Sale Options None Sale Or Rent Auction Tax Specials Annual 0 Tax Specials Total 0 Tax Year 2021 Utilities ElectricityNatural Gas Zoning Usage Agriculture

Listing courtesy of Isaac Klingman of Mccurdy Real Estate & Auction, Llc.


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-07-03T00:00:48.083.
 
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Matter Prop | EXP Realty
12007 E 13th St N
Wichita KS, 67206

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Isaac Klingman of Mccurdy Real Estate & Auction, Llc.