Bear Valley Meadows Parcel (C-26963)
SOLD
Parcel Details
Agency Fees (Closing Costs)
| Agency Fee | Amount |
|---|---|
| Appraisal Cost | $700.00 |
| Cultural Resources Survey Cost | $1,276.20 |
| Legal Advertising Cost | $100.00 |
| Sale Processing Charge | $500.00 |
| Application Fee | $250.00 |
What are trust lands?
Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs. Trust lands are not public lands, but are generally open for public use, when possible. Trust lands were allocated specifically to generate revenue to support our beneficiaries. SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.
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
This parcel is located just south of Bear Creek and extends up a hillside. It is off of Highway 20, approximately 3/4 mile to the east.
There is currently no access to the property.
Additional Information
This parcel is steep and rocky with pinyon and juniper trees on the hillsides. The previous use of the parcel has been for grazing and hunting. The potential use is for a recreational cabin site.
Images
Video
Water Rights and Utilities
Water Rights: SITLA has water rights on the property that may be available for purchase by the successful bidder of the parcel.
Utilities: There are no utilities currently on site.
Zoning
A-20; The property is zoned for agricultural use and has a minimum lot size of 20 acres.
Encumbrances
Mineral Leases: None
Surface Leases:
1. Right of Way No. 1027, issued to Arthur B. Evans for a barbed wire fence along the south side of the property for a perpetual term
1. Grazing Permit No. 20100-09, issued to Dan D. Evans (this acreage will be removed from the grazing permit upon sale of the property)
Cultural Resource Covenant: A cultural resource survey was conducted on this parcel. The parcel will be sold with cultural reservations for the significant site(s) which was identified.
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 will be reserved.
3. The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
4. The Utah Geological Survey (UGS) has submitted the following comment: “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, landslides and/or landslide susceptible bedrock, earthquake hazards associated with Quaternary faults in the region, problem soils and/or rock 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”.
5. The property will be conveyed subject to all valid existing rights.
Financing
Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. 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.
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
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 September 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.
EnergyNet Point of Contact
Utah Broker
RE License Number: 10851533-CN00; 5469640-PB00
www.bateslandco.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #963
9/14/2021 11:27:32 AM
$103,000