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Scofield at Spring Creek – NW Portion (C-26996-A)

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

AUCTION NOT YET STARTED

Registration Status:

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Your Bid Status:

Parcel:

Scofield at Spring Creek – NW Portion (C-26996-A)

Acres:

198.41

Time Remaining:

20D 19H 51M 2S

Start Time:

11/4/2021 9:50 AM MDT / 10:50 AM CDT

End Time:

11/10/2021 11:20 AM MST / 12:20 PM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$485,000

Bid Increment:

$1,000

Total Cost at Starting Bid:

$492,048.60
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Scofield at Spring Creek – NW Portion (C-26996-A)

County, State

Utah, UT

Legal Description

T11S, R7E, SLB&M
Section 10: SE4SE4
Section 15: N2NE4, Portion of S2NE4 and W2SE4 Lying North and West of Hwy 96

Acreage

198.41

Appraisal Costs

$1,190.00

Cultural Resources Survey Cost

$4,858.60

Legal Advertising Cost

$250.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 198.41 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $1,190.00
Cultural Resources Survey Cost $4,858.60
Legal Advertising Cost $250.00
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 north of Scofield Reservoir in the Spring Canyon Area, along State Road 96. The parcel is about 35 miles from Provo, Utah.

Year-round access from the Wasatch Front is on Highway 6 to State Road 96. The parcel has frontage along State Road 96.

Additional Information

The topography includes near level and moderate to steep hillside. The vegetation is native grasses, sagebrush, aspens, conifers and other deciduous trees and shrubs. Surrounding property is private and SITLA lands. This parcel is located in a popular area with numerous recreation opportunities.

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

MG1 (Mining and Grazing 1, with a 50 acre minimum to build)

Encumbrances

Mineral Leases:
None

Surface Leases:
1. Easement No. 1196, issued to Pacificorp dba Rocky Mountain Power for a transmission line for a perpetual term
2. Easement No. 1608, issued to Virtual Technology, LLC for an access road with an expiration date of December 31, 2040
3. Easement No. 2233, issued to Millstream Properties, LLC for an access road with an expiration date of April 30, 2050
4. Grazing Permit No. 20691-11, issued to Joseph Jackson (this property will be deleted from the grazing permit when it is sold)

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

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 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