Server Time (CDT): Apr. 19, 12:36:55p

Scofield - Parcel 4Q
(C-26864)

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

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

Scofield - Parcel 4Q
(C-26864)

Acres:

19.99

Time Remaining:

Auction has ended

Start Time:

11/12/2020 9:40 AM MST / 10:40 AM CST

End Time:

11/18/2020 2:40 PM MST / 3:40 PM CST

Your Bid:

-

Highest Bid:

$67,500

Starting Bid:

$51,500

Bid Increment:

$500

Total Cost at Highest Bid:

$70,050
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Scofield - Parcel 4Q
(C-26864)

County, State

Utah, UT

Legal Description

T. 11 S., R.7 E., SLB&M
Section 15: NE4NW4 (Within)

Acreage

19.99

Appraisal Costs

$1,100.00

Cultural Resources Survey Cost

$500.00

Legal Advertising Cost

$200.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 19.99 Acres, More or Less

Agency Fees

Agency Fee Amount
Appraisal Cost $1,100.00
Cultural Resources Survey Cost $500.00
Legal Advertising Cost $200.00
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 in the Dry Valley area which is located approximately 3.5 miles from Scofield Reservoir.

Access to the property is along dirt roads, beginning at approximately MP 17.7 of Highway 96.

Additional Information

This parcel would make a great private camping location or a location for an RV pad. The parcel is relatively flat on the north end with a rock formation on the south end that includes some steep terrain and some vegetation.

Water Rights and Utilities

Water Rights: None

Utilities: None

Zoning

This parcel is zoned Mining and Grazing which has a minimum lot size of 50 acres required for a single family dwelling.

Encumbrances

Mineral Leases: None

Surface Leases: None

Cultural Resource Covenant: A cultural resource survey was completed for this parcel. No significant sites were identified. The parcel will be sold without any cultural resource survey 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 following comments were received from the Utah Geological Survey (UGS): Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, 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.

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

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

Ben Stireman Resource Specialist

Email benstireman@utah.gov

Phone (801) 538-5164

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 #6

11/18/2020 3:38:15 PM

$67,500

Bidder #4

11/18/2020 3:27:56 PM

$67,000

Bidder #27

11/18/2020 2:39:10 PM

$66,500

Bidder #4

11/18/2020 2:36:34 PM

$66,000

Bidder #27

11/18/2020 2:27:17 PM

$65,500

Bidder #5

11/18/2020 1:23:46 PM

$65,000

Bidder #27

11/18/2020 2:18:08 PM

$64,000

Bidder #5

11/18/2020 1:23:46 PM

$63,500

Bidder #27

11/18/2020 2:17:20 PM

$63,000

Bidder #5

11/18/2020 1:23:46 PM

$62,500


View 6 earlier bids...