Auction Information
Name Wilmot Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 6/17/2018 - 7/27/2018
Preview Date/Time To view this property call Ira Smith at 580-334-6001.
Location
Buyer Premium Applied to on-line purchases only.
Description
Tract 1- 1,680 Acres Land Location: From Gate, travel south 2 miles on Co. Rd. NS165 then east on Co. Rd EW13 1 mile. Legal Description: 240± acres in the SW¼ and W½ SE¼ of Section 10 T4N R28 ECM and all of Section 15 T4N R28 ECM and 160± acres in the W½ W½ of Section 14 T4N R28 ECM and 560± acres in the W½ and W½ E½ and E½ NE¼ of Section 22 T4N R28 ECM and 80± acres in the N½ NW¼ of Section 23 T4N R28 ECM, totaling 1,680± acres, Beaver County, Oklahoma. There are 244 acres of cropland with two T&L Circle Irrigation Systems (2008 model) powered by Natural Gas Engines. There is 1,437 acres in native grass. Pastures are fenced and cross fenced with stock water wells and there is one set of steel corrals and electricity located on the north end of the ranch. Beaver River joins the ranch on its south end. There is an excellent wildlife habitat. This area is known to be good deer and quail hunting. The owners are good stewards of their land and this ranch is in good condition. Tract 2- 160 Acres Land Location: From Laverne, travel north 10 miles on Hwy 283/Co. Rd. N176. Legal Description: The SW¼ of Section 27 T28N R25 WIM, containing 160± acres, Harper County, Oklahoma. 160+ Acres CRP grass, fenced on the north and east sides. There is black top county road access on the west side and county road access on the south side. The CRP contract acreage is 157.5 acres with the annual rental rate of $29.14 per acre. The contract will expire on September 30, 2020.
Buyers attending this auction will be required to provide a valid photo I.D. By registering, bidder agrees to all terms and conditions as set forth by Smith & Company Auction & Realty, Inc. Buyer will be required to sign a purchase contract and place 10% of the purchase price in escrow on sale day with the balance due upon proof of marketable title. Seller will provide a current abstract and warranty deed. Taxes prorated to the day of closing. Possession upon closing. Property selling in its present condition with no warranties expressed or implied. All information given comes from resources we believe to be reliable but in no way is guaranteed. Announcements made sale day supercede all prior advertising. Buyers should arrange financing and satisfy themselves with size, location, boundaries, etc. prior to sale day. Sellers are reserving all oil, gas, and other mineral rights. ONLINE BIDDING Terms: Buyers may bid via our website at smithcoauctions.com. Smith & Company Auction & Realty, Inc. is not responsible for any errors in bids, omissions of bids, or failure to execute bids and shall have no liability to any bidder for any technical or other failure associated with the internet. A 2% buyer’s premium will be charged to the on-line bidder’s high bid. On-line buyer’s will be required to wire-transfer 10% of the purchase price to place in escrow on sale day.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 2,500.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium Applied to on-line purchases only.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.