Server Time (CDT): Aug. 8, 8:13:55p

Alton Parcel (C-26991)

Kane County, UT
Utah SITLA - Land Sale Auction, November 10, 2021

SOLD

Registration Status:

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Your Bid Status:

You have not bid on this lot

Parcel:

Alton Parcel (C-26991)

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

11/4/2021 9:10 AM MDT / 10:10 AM CDT

End Time:

11/10/2021 10:40 AM MST / 11:40 AM CST

Your Bid:

-

Highest Bid:

$175,500

Starting Bid:

$100,000

Bid Increment:

$500

Total Cost at Highest Bid:

$179,221.70
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Alton Parcel (C-26991)

County, State

Kane, UT

Legal Description

T39S, R6W, SLB&M
Section 2:  SW4SW4

Acreage

40.00

Appraisal Costs

$1,750.00

Cultural Resources Survey Cost

$1,021.70

Legal Advertising Cost

$200.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 40 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $1,750.00
Cultural Resources Survey Cost $1,021.70
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

The property is located northwest of the town of Alton and is surrounded on all sides by private property.

The property currently has no legal access.

Additional Information

The property has terrain that includes some hillside and some more gentle areas and is typical for the area. The vegetation is mostly sagebrush, pinon pines, and other small shrubs.

Water Rights and Utilities

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

Utilities: No utilities are located on site but are located nearby.

Video

Zoning

AG-10

Encumbrances

Mineral Leases:
None

Surface Leases:
None

Cultural Resource Covenant:
1. 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 property will be conveyed subject to all valid existing rights.
5. The Utah Geological Survey (UGS) has submitted the following comments: "Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils/bedrock including shrink/swell and/or collapsible, shallow groundwater and/or 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"

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 November 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 #645

11/8/2021 4:16:03 PM

$175,500

Bidder #515

11/8/2021 10:18:37 AM

$175,000

Bidder #645

11/5/2021 5:31:48 PM

$155,000

Bidder #515

11/8/2021 9:37:19 AM

$125,000

Bidder #645

11/5/2021 5:31:48 PM

$120,500

Bidder #515

11/8/2021 9:35:48 AM

$120,000

Bidder #645

11/5/2021 5:31:48 PM

$112,500

Bidder #515

11/8/2021 9:32:44 AM

$112,000

Bidder #645

11/5/2021 5:31:48 PM

$101,000

Bidder #515

11/8/2021 9:30:29 AM

$100,500


View 1 earlier bids...