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Coal Mine Basin
(C-26887)

Uintah County, UT
Utah SITLA - Land Sale Auction, November 18, 2020

SOLD

Registration Status:

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Parcel:

Coal Mine Basin
(C-26887)

Acres:

1.70

Time Remaining:

Auction has ended

Start Time:

11/12/2020 9:10 AM MST / 10:10 AM CST

End Time:

11/18/2020 2:10 PM MST / 3:10 PM CST

Your Bid:

-

Highest Bid:

$66,500

Starting Bid:

$50,000

Bid Increment:

$500

Total Cost at Highest Bid:

$72,664
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Coal Mine Basin
(C-26887)

County, State

Uintah, UT

Legal Description

T. 4 S., R.21 E., SLB&M
Section 7: Portion of SE¼SW¼ Being SE of Highline Canal

Acreage

1.70

Appraisal Costs

$2,300.00

Cultural Resources Survey Cost

$564.00

Land Survey Cost

$2,000.00

Legal Advertising Cost

$550.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 1.70 Acres, More or Less

Agency Fees

Agency Fee Amount
Appraisal Cost $2,300.00
Cultural Resources Survey Cost $564.00
Land Survey Cost $2,000.00
Legal Advertising Cost $550.00
Sale Processing Charge $500.00
Application Fee $250.00

Beneficiary Notice

All net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.

Video

Location and Access

The parcel is located approximately 4 miles northwest of Vernal. The Highline Canal is located to the northwest of the parcel and 1500 North is located to the south of the parcel.

Access to and through the parcel is via 1500 North.

Additional Information

This remnant parcel is bordered on the east and south by private property.  The landowner to the east has encroached slightly onto the property with some landscaping.

Water Rights and Utilities

Water Rights: None

Utilities: Power, sewer, water, and telephone appear to be located within 1500 North. Interested parties should verify availability.

Zoning

RA1 – Residential Agricultural

Encumbrances

Mineral Leases: None

Surface Leases:
1. Easement No. 2348, issued to High Line Canal Company for a canal for a perpetual term
2. Right of Way No. 2542, issued to Ashley Valley Water & Sewer for a buried water pipeline for a perpetual term
3. Grazing Permit No. 20993-12, issued to the Hacking Land and Livestock (this acreage will be deleted from the permit upon sale of the property)

A cultural resource survey was conducted on this property. No significant sites were located. The property with be sold without any cultural resource reservations.

Disclosures

  1. Please see the disclosure summary and the certificate of sale template document posted at the bottom of this page for general disclosures which apply to all parcels being offered for sale at this auction.

  2. All mineral rights, including the sand and gravel rights will be reserved.

  3. The property will be conveyed subject to all valid existing rights.

  4. The Utah Geologic Survey has commented: Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, wind-blown sand, shallow bedrock, and indoor radon potential. Prospective users should be aware of the potential hazards so they can be addressed in a manner appropriate to the intended use of the property. UGS has general geologic hazard information available at its offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.

Financing

Financing will be offered for this parcel. A down payment of 10% and closing costs will be due at the auction. The remaining balance may be financed at a variable rate of prime plus 2.5% for up to a 20 year term.

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, plus closing costs, and interest through November 30, 2020 is due within one business day from the completion of the auction and is payable to EnergyNet. The remaining balance due may be financed through SITLA at a variable rate of Prime + 2.5%.

Utah SITLA Points of Contact

Diane Lund Sales Coordinator

Email dlund@utah.gov

Phone (877) 526-3725 or (801) 538-5163

Scott Bartlett Resource Specialist

Email scottbartlett@utah.gov

Phone (801) 538-5166

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Utah Broker

Utah Broker of record is Bates Land Consortium

RE License Number: 10851533-CN00; 5469640-PB00



www.bateslandco.com

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #13

11/18/2020 3:09:21 PM

$66,500

Bidder #6

11/18/2020 3:09:53 PM

$66,000

Bidder #13

11/18/2020 2:59:45 PM

$62,000

Bidder #6

11/18/2020 3:06:50 PM

$61,500

Bidder #13

11/18/2020 2:59:45 PM

$61,000

Bidder #6

11/18/2020 2:49:02 PM

$60,500

Bidder #13

11/18/2020 9:46:15 AM

$60,000

Bidder #6

11/18/2020 2:45:55 PM

$58,500

Bidder #13

11/18/2020 9:46:15 AM

$58,000

Bidder #6

11/18/2020 2:44:30 PM

$57,500


View 15 earlier bids...