Mayfield, KS 67103 - Sumner County

ONLINE ONLY!!! Bidding is by the acre. Please review the disclosures section fordefinition. OFFERED SEPARATE AND TOGETHER. If you are looking to add to your existing farm operation with tillable land in a great location or looking to simply invest, this auction is for you. Offering 2 parcels totaling 286.3+/- acres located centrally in Sumner County right off highway 160 between Wellington and Mayfield.

This terraced ground has been laying fallow and is ready to be put back into production. Possession will occur at closing, allowing you to start work immediately and be ready for spring planting.

286.3+/- acres

Tillable land

Class 2 soils

Parcels offered separately and together

Pond (Parcel 2)

Terraced

Highway 160 frontage (Parcel 1)

6 miles west of Wellington

2 miles east of Mayfield

Early possession before closing may be granted to the winning bidder in order to plant a wheat crop or work on the land. In the event the transaction does not close at the buyers fault, any and all improvements or work done to the land will remain with the seller.

This auction is being conducted with a reserve on each parcel. Parcels 1 and 2 are being offered separate and together, meaning there is an opportunity to bid on Parcels 1 and 2 individually or in their entirety. Parcels 1 and 2 will first be offered individually. Upon the close of each Parcel 1 and Parcel 2 auction, bidding on Parcels 1 and 2 in their entirety will begin and the starting bid will be the combined total of the high bid of Parcel 1 and Parcel 2 individually. The high bids for Parcels 1 and 2 individually will be held pending the results of the auction of Parcels 1 and 2 together.

If the high bid on Parcel 1 and 2 in their entirety exceeds the high bid on each Parcel 1 and Parcel 2, then the high bidder will be required to execute a Sales Contract to purchase both parcels. If the total high bid on Parcel 1 and Parcel 2 together does not exceed the combined high bids on the parcels individually, the high bidder on each parcel will execute their respective sales contract for that individual parcel.

Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160 acre parcel was offered by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total sales price if $800,000. For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres.

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Thursday, September 29th, 2022 at 2 PM(cst)|BIDDING CLOSING: Thursday, October 13th, 2022 at 2:10 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.