SOLD
Registration Status:
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Your Bid Status:
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Parcel:
Ibapah – Cold Spring (C-27057)
Acres:
40.00
Time Remaining:
Auction has ended
Start Time:
6/1/2022 8:10 AM MDT / 9:10 AM CDT
End Time:
6/7/2022 10:10 AM MDT / 11:10 AM CDT
Your Bid:
-
Highest Bid:
$50,250
Starting Bid:
$31,000
Bid Increment:
$250
Total Cost at Highest Bid:
$54,800
(Bid Price + Agency Fees)
Legal Description:
T10S, R19W, SLB&M
Section 12: NW4NW4
Parcel Details
Parcel
Ibapah – Cold Spring (C-27057)
County, State
Tooele, UT
Legal Description
T10S, R19W, SLB&M
Section 12: NW4NW4
Acreage
40.00
Appraisal Costs
$2,800.00
Cultural Resources Survey Cost
$800.00
Legal Advertising Cost
$200.00
Sale Processing Charge
$500.00
Application Fee
$250.00
Comments
Acreage listed is approximate; 40 Acres, More or Less
Agency Fees (Closing Costs)
Agency Fee | Amount |
---|---|
Appraisal Cost | $2,800.00 |
Cultural Resources Survey Cost | $800.00 |
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
Location:
The parcel is located in Tooele County – 5 miles south of the town of Ibapah and 60 miles south of Wendover.
Access:
The property is accessed from Cold Spring Road, which runs diagonally through the property.
Additional Information
The parcel is surrounded by private land to the east and south and BLM land to the north and west. The terrain is gentle sloping and is within the foothills of the Deep Creek Range. The vegetation consists of pinyon and juniper trees and native brush and grasses.
Water Rights and Utilities
Water Rights:
None
Utilities:
No utilities are located on the property.
Images
Video
Zoning
MU-40 (Multiple Use)
Encumbrances
Mineral Leases:
None
Surface Leases:
1. Easement No. 2518, issued to Tooele County for Cold Springs Road for a perpetual term
2. Grazing Permit No. 22172-08, issued to Kyle W. Bateman (the land sold will be deleted from the permit)
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified and the property will be sold without any cultural or historical protective deed covenants.
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
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 June 30, 2022 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 #644
6/7/2022 11:09:24 AM
$50,250
Bidder #838
6/7/2022 10:12:44 AM
$50,000
Bidder #856
6/7/2022 10:10:56 AM
$45,250
Bidder #838
6/7/2022 10:09:24 AM
$45,000
Bidder #856
6/7/2022 10:10:51 AM
$44,750
Bidder #838
6/7/2022 10:09:24 AM
$44,500
Bidder #856
6/7/2022 9:55:35 AM
$44,250
Bidder #838
6/7/2022 12:37:11 AM
$44,000
Bidder #856
6/7/2022 9:47:09 AM
$43,500
Bidder #838
6/7/2022 12:37:11 AM
$43,250