SOLD
Registration Status:
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Parcel:
Cedar Mountain - Parcel A (C-27059-A)
Acres:
47.50
Time Remaining:
Auction has ended
Start Time:
11/9/2022 9:00 AM MST / 10:00 AM CST
End Time:
11/15/2022 10:00 AM MST / 11:00 AM CST
Your Bid:
-
Highest Bid:
$50,250
Starting Bid:
$38,750
Bid Increment:
$500
Total Cost at Highest Bid:
$52,580
(Bid Price + Agency Fees)
Legal Description:
T4S, R8W, UBM
Section 1: NW¼SE¼, W½SW¼NE¼SE¼, NW¼NW¼NE¼SE¼
Parcel Details
Parcel
Cedar Mountain - Parcel A (C-27059-A)
County, State
Duchesne, UT
Legal Description
T4S, R8W, UBM
Section 1: NW¼SE¼, W½SW¼NE¼SE¼, NW¼NW¼NE¼SE¼
Acreage
47.50
Application Fee
$250.00
Comments
Acreage listed is approximate; 47.5 Acres, More or Less
Agency Fees (Closing Costs)
Agency Fee | Amount |
---|---|
Appraisal Cost | $960.00 |
Cultural Resources Survey Cost | $420.00 |
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 property is located in west central Duchesne County, about 6.5 miles southwest of Fruitland and about 17 miles west of Duchesne. Duchesne County is about 100 miles west of Salt Lake City, Utah.
Access:
From the US 40 and Highway 208 junction, the parcel is located about 2.5 miles south. Roads leading to the parcel are well-maintained.
Additional Information
The terrain of the property ranges from flat to very steep. The vegetation is cedar trees, junipers, sage, and native grasses. Two other adjacent SITLA properties will also be sold at this same auction.
Water Rights and Utilities
Water Rights:
No water rights are included as part of the sale of this parcel.
Utilities:
There are no utilities to the site. Power is located 1 to 2 miles to the north.
Images
These photos represent each of the 3 Cedar Mountain properties being sold at this auction.
Video
Zoning
A-10 (Agricultural)
Encumbrances
Mineral Leases:
1. Mineral Lease No. 53591, issued to Bro Energy, LLC with a primary term expiration date of February 28, 2023 (actual expiration date will be based upon production)
Surface Leases:
1. Easement No. 2568 will be issued to Duchesne County to provide access on existing roads for a perpetual term
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant historical or cultural sites were identified. The property will be sold without any historical or 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
Resource Specialist (Sales Coordinator)
Email dlund@utah.gov
(877) 526-3725 or (801) 538-5163
Tyson Todd
Resource Specialist
Email ttodd@utah.gov
(435) 781-5304
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, 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 #112
11/15/2022 10:59:30 AM
$50,250
Bidder #130
11/15/2022 10:58:46 AM
$49,750
Bidder #112
11/14/2022 12:38:36 PM
$48,750
Bidder #130
11/15/2022 10:57:25 AM
$39,250
Bidder #112
11/14/2022 12:19:20 PM
$38,750