Tract 3 is a combination of Tracts 1 and 2 which consists of the Hobert residence, good metal building on 77 +/- acres and is located at 12864 Arkansas Rd., Colony, KS. This is a beautiful parcel of land featuring productive cropland with upland soil varieties, two ponds and a heavily timbered draw bisecting it from north to south. According to FSA records, theres approximately 61 acres of cropland on this tract and the soil types consist mostly of good Class 2 Woodson silt loam. Ag producers will appreciate the pavement frontage and easy drives to multiple grain markets including our friends at LeRoy CO-OP and the ethanol facility at Garnett. The home is a modular build by Advanced System Homes of Chanute and was constructed in 2004. It encompasses 1,694 sq. ft. on the main floor and consists of 3 Bedrooms and 3 Bathrooms with an unfinished basement. The basement does have some structural issues. The Broker and the Seller recommends that potential buyers have an inspection done so they are comfortable with what they are bidding on as the property sells as-is with no warranties or guarantees. The detached garage was constructed in 2003 according to County records and measures 30X50 with 3 garage bays. This is a spacious and good quality building for storage of vehicles and equipment.

This property also offers multiple amenities outside such as plenty of room for pets and livestock with the addition of fencing. Theres a thick grove of trees to the north of the home providing wind protection as well as a visual and noise barrier from Highway 58. The area to the west of the metal building would be an excellent location to add fencing if you desire to keep livestock on the premises. There are multiple excellent potential building sites to choose from on this tract near the two ponds that are tucked into the hardwood timber. While both ponds are sizable, the north pond is the largest and appears to be the deepest. The location adjacent to Highway 58 with utilities nearby add to its attractiveness for those looking to live in the country but still wanting convenient commutes to the their jobs in Iola, Burlington or Garnett.

Please refer to the "Related Documents" section within this listing on our website to view aerial maps, soil maps, FSA info etc...

For more information or to set up a tour, please call Cameron Roth at 785-917-0867.

Disclosures:

The basement of the home has structural issues. The Broker and the Seller recommend that potential buyers conduct due diligence and have an inspection done so they are comfortable with what they are bidding on.

The sewer lagoon on the property does not conform with County code.

The property sells as-is without any warranty or guarantee, expressed or implied.

Yellow boundary property lines in the pictures are approximated for reference only. Please refer to the aerial map provided by the Anderson County Appraiser's office in reference to property lines.

Auction Details: This property is being offered via online auction that begins at 12:00 p.m. on 1/21/2025 and will close on 1/23/2025 with a dynamic closing beginning at 10:00 a.m. for Tract 1, 12:00 p.m. for Tract 2, 2:00 p.m. for Tract 3 and 4:00 p.m. for Tract 4.

Tract 1 is being offered both individually as well with the adjoining Tract 2 with the property selling in whichever format garners the most proceeds. We will take the high bid for Tract 1 and Tract 2 and total those numbers. We will then add a $10,000.00 escalator which is where the bidding for Tract 3 will begin.

DYNAMIC CLOSING: If there are any bids within the last 3 minutes of the auction, the auction closing time will extend for 3 minutes. Please note, this will continue until there are no bids within the last 3 minutes and could extend the closing several times.

Brief Legal Description: The fractional N 1/2 of the NW 1/4 in Section 1, Township 23 South, Range 17 East of the 6th P.M., Anderson County, Kansas including residence, outbuildings and improvements. 77 acres, more or less.

Driving Directions: From Colony, take Highway 58 west for 7 miles and turn south on Arkansas Rd. Proceed 250 to the driveway on the east side.

Taxes: $3,959.82

Earnest Money: $40,000.00 due on the day of sale.

Closing & Possession: Possession of the residence shall be at closing, on or before February 25, 2025. Possession of the tillable portions shall be after the 2025 harvest of the currently growing wheat crop. The Buyer shall receive a prorated rent amount of $2,745.00 for the wheat crop.