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Pilot Range Parcel (C-26955)

Tooele 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:

Pilot Range Parcel (C-26955)

Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

9/8/2021 10:00 AM MDT / 11:00 AM CDT

End Time:

9/14/2021 11:30 AM MDT / 12:30 PM CDT

Your Bid:

-

Highest Bid:

$99,500

Starting Bid:

$96,000

Bid Increment:

$500

Total Cost at Highest Bid:

$105,983
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Pilot Range Parcel (C-26955)

County, State

Tooele, UT

Legal Description

T3N, R19W, SLB&M Section 16: All

Acreage

640.00

Cultural Resources Survey Cost

$5,733.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 640.00 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Cultural Resources Survey Cost $5,733.00
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 near the Utah/Nevada border, approximately 25 miles from Interstate 80.

There is no legal access to the property.

Additional Information

The area consists of shrub and grassland with mild to moderate slopes.

Water Rights and Utilities

Water Rights: No water rights are being sold with this property.

Utilities: There are no existing utilities in this area.

Zoning

MU-40 (Mixed Use – 40 Acres)

Encumbrances

Mineral Leases: None

Surface Leases:

1. Grazing Permit No. 20658-11, issued to Della Ranches (this property will be deleted from the grazing permit when it is sold)

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 were 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 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

Ben Stireman
Resource Specialist

Email benstireman@utah.gov

(801) 538-5164

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 #935

9/14/2021 12:07:21 PM

$99,500

Bidder #712

9/14/2021 12:29:58 PM

$99,000

Bidder #935

9/14/2021 12:07:21 PM

$98,000

Bidder #712

9/14/2021 12:28:51 PM

$97,500

Bidder #935

9/14/2021 12:07:21 PM

$97,000

Bidder #950

9/14/2021 11:51:40 AM

$96,500

Bidder #712

9/9/2021 9:13:07 PM

$96,000