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Fayette Hills (C-26898)

Sanpete County, UT
Utah SITLA - Land Sale Auction, June 15, 2021

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

Fayette Hills (C-26898)

Acres:

40.00

Time Remaining:

38D 1H 48M 43S

Start Time:

6/9/2021 9:20 AM MDT / 10:20 AM CDT

End Time:

6/15/2021 2:20 PM MDT / 3:20 PM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$175,000

Bid Increment:

$1,000

Total Cost at Starting Bid:

$178,717
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Fayette Hills (C-26898)

County, State

Sanpete, UT

Legal Description

T18S, R1E, SLB&M, Section 30:  NEĽNEĽ

Acreage

40.00

Appraisal Costs

$2,200.00

Cultural Resources Survey Cost

$767.00

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 $2,200.00
Cultural Resources Survey Cost $767.00
Legal Advertising Cost TBD
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 approximately one mile east of the small town of Fayette, in Sanpete County – south of Yuba Reservoir.

Access:
Access to the parcel is from a Class B county-claimed road on the eastern side of the property.

Additional Information

This rounded hill overlooks the town of Fayette and the Sevier River Valley.  The vegetation is scatter pinyon and juniper trees, along with sagebrush and grasses.

Video

Water Rights and Utilities

Water Rights:
None

Utilities:
No utilities are currently on the property, but are located nearby.

Zoning

RA-1/2 Acre (Residential with 1/2 Acre to Build)

Encumbrances

Mineral Leases:
None

Surface Leases:
Grazing Permit No. 22878-08, issued to Warm Creek Ranch (this land will be deleted from the grazing permit upon completion of the sale)

Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel.  No significant sites were identified.  The parcel will be sold without any cultural reservations.

Disclosures

Please see the Aquisition Agreements section of this page for transaction template documents and for general disclosures.

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

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

The following comments were received from the Utah Geological Survey regarding this parcel:  “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils and/or rock including shrink/swell and/or collapsible, earthquake hazards associated with the Fayette segment of the Wasatch fault, shallow bedrock, wind-blown sand, 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 can be financed 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, closing costs, and interest through June 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.

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

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