Newcastle (C-26914)
AUCTION CANCELLED
Section 16: E½NE¼NE¼ (portion north of the highway)
(A survey was conducted. A copy of the survey will be provided to the purchaser.)
Parcel Details
Section 16: E½NE¼NE¼ (portion north of the highway)
(A survey was conducted. A copy of the survey will be provided to the purchaser.)
Agency Fees (Closing Costs)
| Agency Fee | Amount |
|---|---|
| Appraisal Cost | $1,500.00 |
| Cultural Resources Survey Cost | $1,000.00 |
| 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 parcel is located east of the small town of Newcastle, along Highway 56, in southwestern Iron County.
Access:
Direct access to the parcel is from Highway 56.
Additional Information
The vegetation is scattered pinyon and juniper trees with sagebrush and grasses. The topography is small rolling hills, with gentle to moderate terrain.
Images
Video
Water Rights and Utilities
Water Rights:
None
Utilities:
No utilities are located on the property, but are nearby.
Zoning
Commercial
Encumbrances
Mineral Leases:
None
Surface Leases:
1. Easement No. 2389, issued to Iron County for roads for a perpetual term
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified. The property 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 (UGS): “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, shallow bedrock, earthquake hazards associated with the Antelope Range faults, 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