Auction: Holloway Tract 3 - 147 +/- Acres - 11/20/23
Our company presents two high-quality tracts on behalf of the Noel and Holloway families. These families are long-time clients of ours and we greatly appreciate them entrusting us with this offering. Being the final two properties in their Kansas farm holdings, they've truly saved the best for last as their beauty, quality and upside potential can't be overstated. Neosho Valley tillable, Native hay meadows, tame-grass pastures, hardwood timber and development appeal are all attributes featured here. These properties are being offered via online auction beginning at 12:00 p.m. on 11/16/2023 with a dynamic closing to start at 10:00 a.m. on 11/20/2023. Tract 3 of this auction totals 147 acres more or less and like Tract 2 that adjoins it to the north, it will find interest from multiple buyer types including beef producers, speculators, and developers. Located just east of Burlington and across the paved road from the Country Club Heights subdivision, this tract is composed of cropland and mixed-grass pasture with a small pond. The south end of the property is bordered by the paved 12th Rd. which is the main artery running west out of Burlington. This section is composed mostly of a crop field and a set of cattle improvements. There's some of these improvements that are not permanently affixed and will be removed by the Tenants to whom they belong. The total tillable acres on this parcel is approximately 34 acres with soils in this area consisting of predominantly good Class 2 Woodson Silt Loam. The balance of the property is composed of a mix of tame and native grass pasture that has served the tenants well in past years as a wintering location for their cow herd. The fences around the pasture are barbed wire that range from adequate to excellent. There's a short stretch near the northeast corner of this tract that will need some division fence constructed if Tracts 2 and 3 sell separately and you intend to graze cattle. The livestock water is provided by a small pond in the northeast quadrant and there's also rural water near the south boundary. The pond is showing the effects of the 2023 drought but typically has water in years with average precipitation. Unlike Tract 2, this tract has only a small portion that is located within the floodplain. Combining this fact with proximity to Burlington, rural water, electric service and pavement frontage makes one have to consider upside potential from possible future development. The workforce at Wolf Creek is aging and as they retire, there should be continued demand for quality housing which Coffey County never seems to have enough supply of. There's also serious ongoing talks for potential new industry coming to the County that could bolster development appeal. Disclosure: This property sells subject to a hunting lease that expires February 11th, 2024. THIS TRACT IS ALSO BEING OFFERED IN COMBINATION WITH THE ADJOINING TRACT 2 WITH THE PROPERTY SELLING IN WHICHEVER FORMAT GARNERS THE MOST PROCEEDS. Brief Legal Description: The SW 1/4 LESS W640' S797.8' in Section 21, Township 21 South, Range 15 East of the 6th P.M., Coffey County, Kansas. 147 acres, more or less, including Right-of-Way. Minerals: The Seller's mineral interest transfers to the Buyer. Closing and Possession: Closing shall be on or before December 20th, 2023. Possession shall be at closing. Earnest Money: $40,000.00 due on the day of auction.
147.00
Acres
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