Item: Pelton Ranch Land Auction

Item ID: 146 -- Watch Listing

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This listing has ended with a winning bid of $425000.00.

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Auctions at James Land Company end at the time posted unless a bid is received for that property within 15 minutes before the posted ending time.

If a bid is placed in the last 15 minutes of the ending time, it will extend the ending time 15 minutes from the time of that bid. It will continue to do so until the bidding ceases.

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Current Time

September 9, 2010
10:59:27 PM MDT

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This item is listed in Ranch Auctions

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Earnest Money

Earnest Money must be received before you will be allowed to bid on this auction.

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How to Enter Your Bid:
Use no currency symbols, no commas - only numbers and decimal points. Example: 2500 for 2,500.00.

Not registered yet? Click here register to bid!

How Much To Bid?
Placing a bid is a binding contract. Do not bid unless you intend to buy this real estate at the amount of your bid plus the required buyer’s premium (if there is one). Seller may elect to accept a winning bid regardless of whether the reserve has been met or not.

What is a Reserve?
A reserve price is an amount determined by the seller that the bid price must meet in order for the seller to be obligated to sell the property. Any bids lower than that amount, the seller has the option to sell at that price.

Property Details

Property Location:  Head north of Whitney 6 miles on Lone Tree Road. Follow Lone Tree Road 1 mile west then continue north for another 2 miles.  Continue on Lone Tree Road as it turns west and go 1.5 miles.  Property on South side of road.  See map below.
Property Size:  2,283 Deeded Acres +/-
Water Rights:  None
Mineral Rights:  None
Taxes:  $6,791.54 (2008)
Opening Bid:  $365,000
Bid Increment:  $5,000
Earnest Money:  $5,000
Buyers Premium:  None

This is an online land auction that is open for bids.  This auction ends on April 8, 2010 at 2:00pm MDT.  If you want to bid in this auction you must follow the following steps.

1.  Get registered on our site (See "How to Register" link at top of this page). 
2.  Then register for the "Pelton Ranch Land Auction" (See the above link "Click here to Register for this auction" below the Dynamic Ending Box).  You have to be registered on our website to register for this auction (See Step 1).
3.  Get the $5,000 earnest money (will be returned following auction to unsuccessful bidders) to James Land Company.  You will not be turned on to bid until James Land Company has the earnest money.
4.  Begin bidding.

If you have any questions about the auction process or this property please call James Land Company at 307-326-3104.  Curt James (Broker) will be at the Best Western in Chadron, Nebraska on the afternoon of April 7th and the morning of the 8th leading up to the end of the auction.  If you need help he will be able to assist you with the registration process.  You are also welcome to join him and watch the auction as it ends. 

Photos, Maps, and Documents

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Broker's Comments

The Pelton Ranch is located in Dawes County, just north of Whitney, Nebraska.  It consists of 2,283 deeded acres of very good pasture with excellent water.  The pasture is on the R.W.D #1 Whitney pipeline.  It has three stock tanks that never run out of water.  There are 12 stock dams on the property as well.  To view the cost and the Bylaws and Rules & Regulations for the R.W.D. #1 Whitney Pipeline CLICK HERE.  The owner states that he has ran 125 to 190 pairs on the property the last three years and they have done very well.  If you are looking for a good grass ranch with abundant water, the Pelton Ranch is the ranch for you!

Closing Terms and Instructions

CLOSING RULES FOR  ONLINE AUCTION

This is a Cash Sale.  Closing in 30 Days.
 
Winning Bidder must contact the listing broker within 12 hours of the auction close time. The transaction will be closed according to the following rules which are set by the Listing Brokers:
 
James Land Company, Curt James, Broker (307)326-3104
 
Contract Forms
ASAP, following contact from the winning bidder, the listing broker will forward necessary forms for signatures. Winning Bidder will execute forms for the purchase of Real Estate (also called a buy/sell agreement) together with acknowledging, in writing, the receipt of other statutory disclosures provided by listing broker.
 
Inspection times are deemed to have run
Prospective purchasers are deemed to have conducted any and all inspections to their satisfaction prior to bidding.
By bidding, the buyer agrees to the property in its entirety in “as is, where is” condition without any implied or expressed warranty by Seller or any Broker or by Site Owners.
 
Costs and Fees
Settlement will be made on the day of closing by buyer in certified funds U.S Dollars
Financing, if any, and all costs associated with financing are the responsibility of the buyer. If you are seeking financial help for this purchase, get it in early…before you bid!
The buy/sell agreement will call for the buyer’s payment of the following costs and fees:
  • One-half of the closing agent’s fees (costs payable to the closing agent for services in conjunction with the closing of the transaction and the recording of documents.
  • The proration of real and personal property taxes.
  • Costs of recording the deed.
 
Closing Agent, Date, Place, Time
  • The closing agent is Dawes County Abstract & Title, Inc.
  • The Place of closing will be 321 Bordeaux Street in Chadron, Nebraska.
  • The time of day shall be designated by the Listing Broker.

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