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Riverfront Tillable And Oil Product

Nebraska Road : Iola, KS 66749

Allen County, Kansas

154.10 Acres
Land Auction
October 20, 2022 6:00 PM
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Land Description

Auction information Hybrid Auction Live and Online -

154 +- Neosho River Bottom Tillable acres with Oil Potential in Allen County, Ks.

Live Auction to be conducted in the conference room of the Super 8 by Wyndham in Iola, KS on October 20, 2022 at 6pm with registration beginning at 5 30 pm. Online bidding will be open at 9 00 am on Thursday, October 20th, 2022 and will end once the live auction is over.

Live auction address Super 8 by Wyndham, 200 Bills Way, Iola, KS 66749

Mossy Oak Properties of the Heartland is proud to present at auction a very sought after 154 acre tract of Neosho River Bottom with tillable and oil potential located less than 1/4 mile away from the banks of the Neosho River. It is not often that a farm of this quality hits the open market. This farm offers endless revenue streams and recreational possibilities due to its highly fertile soils, major oil production potential as well as offering a place to hunt waterfowl that feed on the fields adjacent to the Neosho River every winter.

This farm's large block tillable consists of over 80 highly fertile class II soils with the remaining 20 being in class Iii. This tillable tract will be offered via a hybrid auction both online and live. This farm is located one mile west of the Iola River Bridge and one mile south on 1,000th road. The north boundary line is at the intersection of 1,000th road and Nebraska road while the south boundary line is at the intersection of 1,000th road and Montana road.

As one might expect these river bottom tracts very rarely come up for sale and are dynamite for raising top notch yielding crops. This farm's highly sought after fertile soils sitting less than 1/4 mile away from the Neosho River would be a great starter farm for someone or a great addition to an existing farm operation. Another great attribute is that the Neosho River at this location has high banks deterring flood waters from reaching the farm site most often. The soil consists of 115 acres of Class II Woodson silt loam, 11 acres of Class II Dennis silt loam and the remaining 28 acres in Class III Kenoma silt loam. Due to the fertility of the soils and the excellent soil classes this farm is sure to produce great yields year in and year out. This tract is also surrounded by major oil production so the possibility of adding extra income with oil could very easily become a reality.

This years 2022 row crop is currently planted in soybeans and is cash rented to the tenant. The new owner will be able to take possession of the land right after the beans are harvested. The proceeds of this harvest will remain with the tenant. FSA records and crop history will be provided upon request to pre-approved buyers.

For more information contact Preston Frazell at or Highlights -154 acres of Neosho River Bottom Tillable

-126 acres of Class II Soils

-11 acres of Class III Soils

-All mineral rights in tact with major oil production potential

-1/4 mile west of the Neosho River

-Waterfowl hunting

-New tenant can take over after the bean harvest

-1 mile west of Iola River Bridge

-112 miles from Wichita

-81 miles from Olathe

-23 miles to Leroy

-14 miles to Neosho Falls

Auction Terms Hybrid Online & Live. Online bidding will open at 9 00 am on Thursday, October 20th, 2022 and the live auction will begin at 6 00 pm on Thursday, October 20th, 2022. Bidding will be conducted via online, by phone, or in person. The auction will conclude upon closing of the live bidding.

The property is selling subject to a reserve. Closing fee and title insurance fee will be split 50/50 between seller and buyer.

Bids submitted shall be firm bids available for sellers acceptance and without contingencies. Interested buyers need to view the property prior to the date of the auction and have financing approval along with any inspections performed prior to bidding.

Final sales price will be calculated by 154.1 times the final bid.

Upon acceptance of a bid by seller, the real estate contract will be provided by the seller's agent to the successful bidder promptly, and the termed contract shall be executed by the successful bidder and tendered to seller's agent within 24 hours of the close of the auction. The earnest deposit in the amount of 10 of the final sale price will be tendered to Security 1st Title Company within five 5 days of notification and acceptance. Remaining balance due at the time of closing.

Closing of the sale bid purchase will be conducted on or before November 17th, 2022 at where time seller shall deliver possession.

Selling subject to easements, restrictions, roadways and rights of way. Preliminary title work included.

Boundary property lines pictured are approximated for reference only. There will be no guarantee on any fence or property lines as the selling is of the legal description only.

Property is selling as is condition and is accepted by the buyer without any expressed or implied warranties.

All terms announced the day of the auction take precedence over any other advertising.

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More Land Details

Estimated Annual Taxes
$2,929
AUCTIONFLIP ID
332492
MLS / Internal / Other ID
32277
Posted on AUCTIONFLIP
13 Days Ago
Last Updated
12 Days Ago
Views
11
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