McCurdy Auction - Thursday, September 16th, 2021 at 2:30 PM

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30756933
Property Subtypes: Agricultural
Status: Pending
Gross Land Area: 161 - 162 Acres
Sale Price: See Agent
Sale Terms: Other
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

ONLINE ONLY!!! 161.9 +/- acres in Kingman, Kansas!!! Located at the Northwest corner of SE 110 Street and SE 80 Avenue this property has so much to offer from farmland to recreational use!

98.11 +/- acres of wheat 
15.53 +/- acres of soybeans
48.26 +/- pasture/ recreational ground
Active oil production
55X120 farm utility storage shed
18X21 tool shed
12X16 tool shed
Treeline
Pond
Fencing
Less than an hour from Wichita
Approximately a 20-minute from Norwich
The current oil production lease gives the owner 1/8th share that will transfer to the buyer. Per the seller, in 2020 the owner's portion was $4,766.84.
Property offered at ONLINE ONLY auction. | 10% Buyer's Premium will be added to the final bid. | BIDDING OPENS: Tuesday, August 31st, 2021 at 2:00 PM (cst) | BIDDING CLOSES: Thursday, September 16th, 2021 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. All mineral and water rights transfer to the buyer subject to the existing lease. The seller would be willing to plant wheat on a 1/3-2/3 share crop basis if the buyer desires. 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 of $800,000.

Additional Details

Nearest MSA: Wichita
County: Kingman
Tax ID/APN: 0481482800000001010
Zoning: AGRICULTURAL
Property Visibility: Excellent
Zoning Description: Agricultural
Topography: Rolling
Soil Type: Loam
Available Utilities: Electric

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 869 869
Median Age: 40.74 40.74
Households: 332 332

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