Fayette Hills (C-26898)
SOLD
Parcel Details
Agency Fees (Closing Costs)
| Agency Fee | Amount |
|---|---|
| Appraisal Cost | $2,200.00 |
| Cultural Resources Survey Cost | $767.00 |
| Legal Advertising Cost | $270.00 |
| 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 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.
Images
Water Rights and Utilities
Water Rights:
None
Utilities:
No utilities are currently on the property, but are located nearby.
Video
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
Utah Broker
RE License Number: 10851533-CN00; 5469640-PB00
www.bateslandco.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #783
6/15/2021 3:18:41 PM
$186,000
Bidder #509
6/15/2021 3:19:47 PM
$185,000
Bidder #783
6/15/2021 3:18:41 PM
$184,000
Bidder #509
6/15/2021 3:19:10 PM
$183,000
Bidder #783
6/15/2021 3:18:07 PM
$177,000
Bidder #577
6/15/2021 12:02:34 PM
$176,000
Bidder #783
6/10/2021 11:38:21 AM
$175,000