Pratt, KS 67066 - Pratt County

LIVE AUCTION WITH ONLINE BIDDING (SIMULCAST) - TUESDAY, MARCH 1ST AT 10 AM

SELLER: Walter Innes Phillips Revocable Trust

Tract 2 - 572 +/- Acres, Pratt Co., KS - Tractor Lake ABSOLUTE AUCTION

Live Location: Pratt Co. 4-H Building - 81 Lake Rd, Pratt, KS

Live Simulcast with Online Bidding at Gavel Roads Online Auctions

Open House: Saturday, February 12th, 1 PM - 3 PM

LEGAL DESCRIPTION: Lots 3 & 4 of 01-26-13W, South Half of the Northwest Quarter and Southwest Quarter

of 01-26-13W, Lot 1 and the South Half of the Northeast Quarter of 02-26-13W.

LOCATION: Go 12 miles north from the Junction of 54 Hwy & 281 Hwy at Pratt. Go east on NE 120 St (Pratt/Stafford Co. line) for 2 miles. Property lays to the south.

DESCRIPTION: Tractor Lake is an outstanding recreational property known for its incredible wildlife including waterfowl, deer, quail, and pheasant. It has it all, water, big trees, big grass, and only 10 minutes from the Pratt Airport. 102 acres are under a 2012 Valley irrigation pivot with a John Deere diesel motor. Tractor Lake marshes are approximately 40 acres. Water rights on the irrigation pivot are 113-acre feet. Water rights for waterfowl are 147-acre feet. The remaining acreage is heavy trees and pasture. There is a getaway cabin with 1 bedroom, 1 bath, kitchen, and living room all with tile flooring and vinyl siding.

There is also a 14 x 20 open faced corrugated tin shed with a concrete floor. Electricity, water, and propane are available.

TAXES: 2021 - $5,828.17 prorated to closing.

MINERAL RIGHTS: All of Seller's mineral interest will pass to the Buyer.

POSSESSION: Possession of property upon closing except for cultivation which will be upon wheat harvest. Current tenant agreement is an 80/20 crop share split. Buyer will receive 20% of the wheat crop and pay no expense except for property taxes.

TERMS: $100,000 down as earnest money due the day of the auction with the balance due on or before March 31, 2022. Property is selling as is condition and is accepted by the buyer without any expressed or implied warranties. It is the buyers responsibility to have any and all inspections completed prior to bidding. The buyer and seller shall split equally in the cost of the title insurance and the closing fee. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Statements made day of the auction take precedence over all printed advertising and previously made oral statements. Gene Francis & Associates and Gavel Roads are agents of the Seller.