COMMERCIAL & RESIDENTIAL DEVELOPMENT POTENTIAL
ABSOLUTE – NO RESERVE ESTATE LAND
AUCTION
60 ACRES WITH LAKE VIEWS SELLING IN 1 TRACT
FRIDAY, NOVEMBER 22, 2024 10:00 AM
WAHOO, NE: Auction will be held at the Union Bank Upper Level Meeting Room. Refreshments will be served.
FARM LOCATION: The Farm is located at the Intersection of County Roads “17” & “O”, just 1 ½ Miles North of Wahoo, NE.
OPPORTUNITIES ABOUND with this property! Featuring a great view of Lake Wanahoo from the Northwest of the Lake, this property features both Residential & Commercial Development Opportunities with a terrific view of the Lake! Additionally, this property features currently approximately 49.8 Tillable acres with the remaining balance in trees and road. This property is located just ½ mile North of a current Residential development overlooking the lake and features many, many different possibilities. If you are in the market to own a property like this with so many different and exciting possibilities, DO NOT MISS THIS AUCTION! For Additional Information, Please Contact the Auctioneers or visit the website at www.nitzauctions.com.
LEGAL DESCRIPTION: The North Half of the Northeast Quarter of the Northeast Quarter (N ½ NE ¼ NE ¼) AND the Northwest Quarter of the Northeast Quarter (NW ¼ NE ¼) all in Section 21, Township 15, Range 7 East of the 6th P.M., Saunders County, Nebraska, containing 60 acres, more or less.
2023 REAL ESTATE TAXES: $ 2,581.02
FARM SERVICES AGENCY (FSA) INFORMATION:
FARM NUMBER - 954
FARM ACRES - 60.32
CROPLAND ACRES - 49.84
CORN BASE (NON-IRRIGATED) - 25.60 Acres
YIELD (PLC YIELD) - 115 Bushels
SOYBEAN BASE (NON-IRRIGATED) - 24.20 Acres
YIELD (PLC YIELD) - 37 Bushels
TERMS OF THE AUCTION: An Earnest Deposit of $ 100,000.00 will be due on Auction Day. The balance will be due on or before December 20, 2024. Title Insurance & Escrow Closing Fees divided Equally between Buyer and Seller. Marketable Title Provided. Full 2025 Crop Year Possession given to New Buyers on March 1, 2025. 1031 Tax Exchanges Welcome. Agents Represent Sellers.
AUCTIONEER’S NOTE: Make your plans now to attend this Interesting & Exciting Auction. Rarely do you get an opportunity to Purchase a tract of Land with SO MANY different Possibilities at Your Price at Absolute Public Auction! This Farm sells Absolute to the Highest Bidder, No Reserves or Minimums! For Additional Information, LOTS of Photos or your private tour of the Property, Please Contact the Auction Company or visit the website at www.nitzauctions.com. Refreshments will be served!
DARLENE KAVAN ESTATE – TRACI HUMMEL, PERSONAL REPRESENTATIVE
GARY WIRKA, TRUSTEE
TERMS OF THE REAL ESTATE AUCTION: An Earnest Deposit of $100,000.00 will be required on Auction Day. For Live Bidders, the Earnest Deposit can be paid for with a Check. Online Bidder Terms are Below. The balance will be due on or before December 20, 2024. Title Insurance & Escrow Closing Fees divided equally between Buyer and Seller. Marketable Title Provided. Full 2025 Crop Year Possession given to new Buyers on March 1, 2025. 1031 Tax Exchanges Welcome. Agents Represent Sellers.
ONLINE BIDDING PARTICIPATION REQUIREMENTS: Valid Credit Card required for bidding approval. Authorize.net will ping your card for $500, this ping will come off within 72 hours. A credit card is required to bid but is not an accepted form of payment. The auction company reserves the right to ask for additional information to allow bidding on real estate.
.50 % Buyers Fee Auction for Online Bidders ONLY-Successful high bid plus the buyer’s fee equals the total price offered. Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the auction, the winning bidder will be forwarded a Contract to Purchase via dotloop, all signors will need their own email address to facilitate signatures via dotloop. Signatures via dotloop or in person are required on auction day. All individuals and spouses purchasing the property are REQUIRED to sign the Purchase Agreement, no matter how many individuals are purchasing the property.
$100,000.00 as earnest money will be due upon acceptance of the Sales Contract by wire transfer or cashier's check.
This Auction transaction is NOT contingent upon financing, sale of another property, 1031 tax exchange, inspections or for any other reason – THIS IS A CASH TRANSACTION. 1031 Tax Exchange Buyers are all welcome, but the sale is not contingent upon the Buyers’ ability to perform an exchange, nor the successful completion of an exchange for any reason.
All Prospective Buyers are required to make all financing arrangements prior to bidding on the Property. The successful bidder is required to pay $100,000.00 as earnest money per Tract with a cashier's check or by wire transfer. Upon accepted offer all earnest money becomes nonrefundable.
Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side.
AUCTION TERMS
1. Any & all announcements made from the Auction Block take precedence over all printed material & advertising. The information provided in this catalog is deemed correct, but is in no way guaranteed. We will in no way be held responsible if the information provided to us was incorrect to begin with. While descriptions are believed to be correct, the Auctioneers or owners make no warranties or guarantees as to the genuineness, authenticity of or defect of any items & will not be held responsible for advertising discrepancies or inaccuracies. It is our sincerest intention to provide the potential buyer all the information that pertains to the various items.
2. ALL SALES ARE FINAL. All Property is offered in 'AS IS, WHERE IS' condition, unless otherwise specified by the Auctioneer. No Warranties, either expressed or implied, will be offered.
3. Once the Auctioneer says 'SOLD', the equipment becomes the Sole Responsibility of the Purchaser.
4. The Auction Company reserves the right to reject the Bid of any purchaser or revoke any/all bidding numbers from any purchase, who in the past has presented a problem for collection to either the Auction Company or Seller.
5. Any/all Purchasers will be expected to rely upon his/her personal inspection or investigation of the property being offered at the Auction, or that of an approved party to Buyer, and not upon any representation of warranty or condition by the Seller or the Auction Company. Seller or Auction Company will, in NO WAY, be held responsible for any discrepancies, damage or loss of any property of Buyer once the Auctioneer says SOLD.
6. Any/all prospective Purchasers will be required to register for a bidder's number and present proper identification when registering.
7. Earnest Deposit must be paid, IN FULL, on Auction Day. Check Accepted for Live Bidders, Wire or Cashiers Check Accepted for Online Bidders. The balance will be due on or before closing date noted above.
8. Any/all announcements made from the Block on Auction Day will take absolute precedence over any matter of print or any matter of previously printed advertising.
9. Neither the Sellers or the Auction Company will assume any liability or responsibility for transfer costs or damages to the equipment resulting in a loss to the Purchaser, either due to negligence or natural accidental occurrence circumstances. Furthermore, Purchaser will hold harmless both the Sellers and the Auction Company, and their heirs and assigns, from any litigation and/or loss due to any lawsuit brought by Purchaser for any loss that he/she may endure.
10. By making a bid, regardless of how such bid is made, Bidder acknowledges that Bidder has received, read, understands, and agrees to comply with and be bound by the Terms.
11. Jack Nitz & Associates shall not be liable or responsible for any interruptions, termination or corruption of any audio feed, video feed or of any other internet registration, bidding or other online related service that occurs before, during or in connection with the auction sale, regardless of the cause of fault attributable to the interruption, termination or corruption of such services.
