Dry Canyon Parcel (C-26964)
SOLD
Parcel Details
Agency Fees (Closing Costs)
| Agency Fee | Amount |
|---|---|
| Appraisal Cost | $2,000.00 |
| Cultural Resources Survey Cost | $8,203.20 |
| 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
The property is located just to the southeast of the community of Parowan, Utah – east of Highway 20 and north of Bowery Creek Road.
The parcel is accessed by a dirt road through Dry Canyon.
Additional Information
This L-shaped parcel has very irregular terrain, including mountainous ground as well as Dry Canyon, which runs through the northeast corner of the property. The vegetation is varied and includes some larger trees.
Images
Video
Water Rights and Utilities
Water Rights: Water Right No. 75-854 for stockwatering of 200 head of livestock on Dry Canyon Creek will be included with the property.
Utilities: No utilities are located on site
Zoning
A-20 (Agricultural use with a 20 acre minimum lot size)
Encumbrances
Mineral Leases: None
Surface Leases:
1. Grazing Permit No. 23245-21, issued to the Division of Wildlife Resources (this property will be deleted from this permit when sold)
2. Predesignation No. 872, issued to Iron County for Class D roads which are valid existing rights
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
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 commented: “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 11:42:33 AM
$515,000