Server Time (CDT): Oct. 20, 5:23:59p

Alton Parcel (C-26991)

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

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

Alton Parcel (C-26991)

Acres:

40.00

Time Remaining:

20D 19H 16M 1S

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:

-

Starting Bid:

$100,000

Bid Increment:

$500

Total Cost at Starting Bid:

$103,521.70
(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

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 TBD
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.

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.

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