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Fremont Mountain Parcel (C-26961)

Iron County, UT
Utah SITLA - Land Sale Auction, September 14, 2021

SOLD

Registration Status:

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Your Bid Status:

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Parcel:

Fremont Mountain Parcel (C-26961)

Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

9/8/2021 9:50 AM MDT / 10:50 AM CDT

End Time:

9/14/2021 11:20 AM MDT / 12:20 PM CDT

Your Bid:

-

Highest Bid:

$659,200

Starting Bid:

$659,200

Bid Increment:

$2,000

Total Cost at Highest Bid:

$671,687.60
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Fremont Mountain Parcel (C-26961)

County, State

Iron, UT

Legal Description

T31S, R6W, SLB&M Section 17:  All

Acreage

640.00

Cultural Resources Survey Cost

$10,937.60

Legal Advertising Cost

$100.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 640.00 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $700.00
Cultural Resources Survey Cost $10,937.60
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 off Highway 20 in the Fremont Canyon area.

The property has access from Fremont Buckskin Road.

Additional Information

Fremont Canyon runs through this property, which also includes a wash area. The property has some steep terrain as well as some rock outcroppings.

Video

Water Rights and Utilities

Water Rights: This property may include stock watering rights. The purchaser would need to work with the U.S. Bureau of Land Management to determine the amount available, if any, and to correct the records of the Utah State Engineer. More information is available on request.

Utilities: No utilities are located on the parcel.

Zoning

A-20 (Agriculture Use with a 20 Acre Minimum to Build)

Encumbrances

Mineral Leases: None

Surface Leases:
1. Grazing Permit No. 22515-10, issued to Beaver Valley Grazing Association (the property will be deleted from the grazing permit when sold)

2. Grazing Permit No. 22515-A08, issued to Chris Gale (the property will be deleted from the grazing permit when sold)

3. Range Improvement Project No. 803, issued to Beaver Valley Grazing Association (the property will be deleted from the grazing permit when sold)

4. Predesignation No. 873, issued to Iron County for Class D roads which are valid existing rights (pending application)

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 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

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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #963

9/14/2021 12:19:27 PM

$659,200