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LAND LOCATION:
1 mile West of the Norfolk Airport on
South Airport Road at the corner of 553rd
Ave. (also known as South 37th St.)
DIRECTIONS TO LAND:
From Norfolk South on Highway 81 to just
South of the Elkhorn River Bridge at North
Airport Rd., West 1 mile to 25th St.,
South 1˝ miles to South Airport Rd., then
West 1 mile to 553rd Ave. (also known as
South 37th St.)
LEGAL DESCRIPTION: (All tracts combined)
The SEĽ of Section 7, Township 23 North,
Range 1 West of the 6th P.M., Madison
County, Nebraska.
GENERAL INFORMATION:
This level to very gently sloping land
will be offered in various tracts and its
entirety. The cropland has been in alfalfa
production irrigated by a well and pivot
system located on Tract #2.
SOILS:
In general, according to the USDA Soil
Map, consist generally of: Thurman, Boelus,
Ord, Elsmere and Loup loamy fine sand. |
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TRACT #1
80 Acres (more or less)
Legally described as the N˝SEĽ of Section
7, T23N, R1W, Madison County, Nebraska.
This 80 acres is 100% farmable with a 3
year old stand of alfalfa. In past years,
it has been irrigated by a well and pivot
system located on Tract #2, however, if
Tract #1 sells by itself, it will be sold
as a dryland 80 acres.
The 2004 real estate taxes were $1,723.
FSA Information: Farmland 80.0 acres.
Cropland 77.1 acres.
56.7 corn base acres with a 133 bu. yield.
20.4 soybean base acres with a 28 bu.
yield |
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TRACT #2
60 Acres (more or less)
Legally described as the S˝SEĽ of Section 7,
T23N, R1W, Madison County Nebraska, less 1
acre for power substation and less 18 acres
(more or less) for the building site and an
area of trees and pasture around the
buildings and to the South. Tract #2 will
contain the present cropland acres plus an
area to be gained once a straight line, at a
SE direction from the pivot can be surveyed
out of an area now trees and pasture W & SW
of the buildings. Buyers will put a new
fence in at their expense within 90 days of
closing.
Well & Pivot System information:
The well is 8" in diameter, 21’ static water
level, 35’ pumping level, 143’ total depth
set to pump at 800 gpm. Drilled 1984. Power
to the well is supplied by a 40 h.p., U.S.
Motors electric motor. The pivot system is a
Valley 7-tower system.
The 2004 real estate taxes (including
building site) were $2,225.00.
FSA Information: Farmland 80.0 acres.
Cropland 56.9 acres.
41.8 Corn base acres with a 133 bu. yield. |
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(Click on for enlargement)
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TRACT #3
18 Acres
(more or less)
Legal Description:
(Survey will be required - cost of survey
split between buyer and seller) That portion
of the S˝SEĽ Section 7, T23N, R1W Madison
County, Nebraska, containing the building
site area of trees around it and pasture to
the South. Improvements include a 2 bedroom
home that has been well maintained. Wood
floors run through living area. Newer
propane furnace, septic system, electrical
panel and roof. New water system with
filter. One car garage. Water for the
building site is provided by a submersible
well located near the house.
Tax Information:
Taxed together with Tract #2 - total of
$2,225.00
Inspection:
To view the buildings on this tract by
appointment only. Please contact the
brokers. |
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TRACT #4
Combination
of Tracts #2 & #3
No survey of building site required. |
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TRACT #5
Combination
of Tracts #1, #2 & #3 |
TERMS & CONDITIONS OF SALE:
The terms of sale are cash with a
15% downpayment immediately following the
auction. Buyer(s) will be required to enter into
a standard written purchase agreement calling
for the balance on or before April 19, 2005.
Title insurance costs will be divided equally
between buyer and seller.
The sellers will be paying the
2004 taxes with the buyer(s) paying the 2005
taxes in full. All improvements are being sold
as-is with no guarantee as to condition.
Should the acreage sell separate
from the cropland on Tract #2, the seller and
buyers on Tracts #2 & #3 shall share equally in
cost of survey. Survey results, should they show
a difference in acres, will not change the sales
price plus or minus to any tract. KaNeb Pipe
Line Co. has an easement running from the middle
of the South fence line of said property through
Tracts 2, 3 and 1.
Information contained herein is
from sources we deem reliable, however it is not
guaranteed. Buyers should inspect the property,
gather their own information and bid
accordingly.
Seller and broker reserve the
right to make changes in Tract information or
the way they are offered. Any announcements made
day of auction shall take precedence over any
earlier announcements, verbal or written. Buyers
are reminded this is a cash sale, any needed
financing should be arranged prior to bidding.
All real estate agents involved in the sale of
this property are representing the sellers as
sellers agents.
Possession: On or before April
19, 2005. |
by McGee Designs,
2001-2009
