11-20 Gragert

NOTE: This is an auction. The above mentioned "For Sale" price is not an asking price but rather, a SUGGESTED OPENING BID. 160 +/- Acres | Productive Cropland | Grass Pasture & Pond Home Site Potential | Covington Area, Garfield Co., OK AUCTION Wednesday – November 20, 2024 - 10:00 A.M. Auction Location: Covington Fire Department, 209 2nd St, Covington, OK 73730 Land Location: Located 1 mile N. of Covington on SH 74 then 1 mile E. on good rocked road to the NW/c of the property • According to the Garfield Co. F.S.A., there are 123.63 acres of cropland with a 122.10 acre wheat base & a 29 bu./ac. PLC yield • Balance of the land is established in grass pasture & a nice pond • Principal soil types of the cropland are Kirkland-Renfrow complex; Renthin-Masham complex; & Kirkland silt loam, all Class III • Great home site potential, located just 1 mile from SH 74 • Electric service along north & west roads • Improvements include permanent perimeter fencing & cross fencing, an approx. 30’x20’ pole barn, & older water well/windmill • This land is a MUST to consider if you’re looking to add a productive small grain/livestock farm to your operation! Legal Description: The NW/4 of Sec. 7, Twp. 21N, R3 W.I.M., Garfield Co., OK Taxes: were approx. $528.00 & will be prorated to the day of closing. Possession of the Cropland: at closing, subject to the existing ag lease which expires upon completion of harvest of the 2024-2025 wheat crop or July 1, 2025, whichever is later. Possession of the Grassland: at closing, subject to the existing ag lease which expires August 1, 2025. Possession Note: At the time of closing, Seller shall credit Buyer a portion of the cash lease in the amount of $3,000. Minerals: Do not sell. Registration: All bidders are required to register with a valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, size, condition, etc. prior to auction day. Announcements made day of auction take precedence.