SOLD
Registration Status:
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Your Bid Status:
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Parcel:
Newcastle (C-26914)
Acres:
17.51
Time Remaining:
Auction has ended
Start Time:
11/4/2021 9:40 AM MDT / 10:40 AM CDT
End Time:
11/10/2021 11:10 AM MST / 12:10 PM CST
Your Bid:
-
Highest Bid:
$140,000
Starting Bid:
$140,000
Bid Increment:
$500
Total Cost at Highest Bid:
$143,450
(Bid Price + Agency Fees)
Legal Description:
T36S, R15W, SLB&M
Section 16 E½NE¼NE¼ (portion north of the highway)
Parcel Details
Parcel
Newcastle (C-26914)
County, State
Iron, UT
Legal Description
T36S, R15W, SLB&M
Section 16 E½NE¼NE¼ (portion north of the highway)
Acreage
17.51
Appraisal Costs
$1,500.00
Cultural Resources Survey Cost
$1,000.00
Legal Advertising Cost
$200.00
Sale Processing Charge
$500.00
Application Fee
$250.00
Comments
Acreage listed is approximate; 17.51 Acres, More or Less
Agency Fees (Closing Costs)
Agency Fee | Amount |
---|---|
Appraisal Cost | $1,500.00 |
Cultural Resources Survey Cost | $1,000.00 |
Legal Advertising Cost | $200.00 |
Sale Processing Charge | $500.00 |
Application Fee | $250.00 |
Beneficiary Notice
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.
Location and Access
The parcel is located east of the small town of Newcastle, along Highway 56, in southwestern Iron County.
Direct access to the parcel is from Highway 56.
Additional Information
The vegetation is scattered pinyon and juniper trees with sagebrush and grasses. The topography is small rolling hills, with gentle to moderate terrain.
Water Rights and Utilities
Water Rights: None
Utilities: No utilities are located on the property, but are nearby.
Images
Video
Zoning
Commercial
Encumbrances
Mineral Leases:
None
Surface Leases:
1. Easement No. 2389, issued to Iron County for roads for a perpetual term
Cultural Resource Covenant:
1. A cultural resource survey was conducted on this parcel. No significant sites were identified. The property will be sold without any cultural reservations.
Disclosures
Financing
Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. A down payment of 10% and closing costs will be due at the auction. The remaining balance can be financed for up to a 20 year term.
Utah SITLA Points of Contact
Diane Lund
Sales Coordinator
Email dlund@utah.gov
(877) 526-3725 or (801) 538-5163
Ron Torgerson
Resource Specialist
Email rgtorgerson@utah.gov
(435) 893-2980
Successful Bidder Notification
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
For the successful bidder, a deposit of at least 10% of the sale price, closing costs, and interest through November 30, 2021 is due within one business day from the completion of the auction and is payable to SITLA. Full remittance instructions will be included with the invoice. The remaining balance due will be financed through SITLA at a variable rate of prime plus 2.5% or 7.5%, whichever is greater.
EnergyNet Point of Contact
Utah Broker
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #717
11/4/2021 11:02:50 AM
$140,000