Server Time (CDT): Jul. 18, 6:07:12a

Scofield at Spring Creek – NE Portion (C-26996-B)

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

SOLD

Registration Status:

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Your Bid Status:

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Parcel:

Scofield at Spring Creek – NE Portion (C-26996-B)

Acres:

407.96

Time Remaining:

Auction has ended

Start Time:

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

End Time:

11/10/2021 11:40 AM MST / 12:40 PM CST

Your Bid:

-

Highest Bid:

$906,000

Starting Bid:

$900,000

Bid Increment:

$1,000

Total Cost at Highest Bid:

$917,991
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Scofield at Spring Creek – NE Portion (C-26996-B)

County, State

Utah, UT

Legal Description

T11S, R7E, SLB&M
Section 11: SW4SE4
Section 14: N2NW4; SE4NW4; NW4NE4; S2NE4; NE4SE4; Portion of the SW4NW4, N2SW4, and NW4SE4 Lying Northeast of Hwy 96

Acreage

407.96

Appraisal Costs

$2,370.00

Cultural Resources Survey Cost

$8,621.00

Legal Advertising Cost

$250.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 407.96 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $2,370.00
Cultural Resources Survey Cost $8,621.00
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.

Video

Zoning

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

Encumbrances

Mineral Leases:
None

Surface Leases:
1. Easement No. 2233, issued to Millstream Properties, LLC for an access road with an expiration date of April 30, 2050
2. Right of Way No. 3315, issued to Thomas and Jeanine Heward for an access road for a perpetual term
3. 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.
5. The Division of Drinking Water has submitted the following comment: "Sensitive Drinking Water Source Protection areas are within the designated sale area. Utah County has a Source Protection Ordinance (Chapter 10-8) that restricts certain development within source protection areas" (see map for the affected areas).
6. The Utah Geological Survey has submitted the following comment: "Potential geologic hazards in the area that could affect the parcel include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, landslides and landslide-prone bedrock units, shallow groundwater and/or bedrock, and indoor radon potential. Prospective buyers 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

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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #477

11/10/2021 12:35:13 PM

$906,000

Bidder #401

11/10/2021 12:39:20 PM

$905,000

Bidder #477

11/10/2021 12:30:01 PM

$900,000