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West Fayette Parcel (C-26987)

Sanpete 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:

West Fayette Parcel (C-26987)

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

11/4/2021 10:00 AM MDT / 11:00 AM CDT

End Time:

11/10/2021 11:30 AM MST / 12:30 PM CST

Your Bid:

-

Highest Bid:

$57,500

Starting Bid:

$46,500

Bid Increment:

$500

Total Cost at Highest Bid:

$61,348.44
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

West Fayette Parcel (C-26987)

County, State

Sanpete, UT

Legal Description

T18S, R1W, SLB&M
Section 21: NW4SE4

Acreage

40.00

Appraisal Costs

$1,600.00

Cultural Resources Survey Cost

$1,298.44

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 $1,600.00
Cultural Resources Survey Cost $1,298.44
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 on the southwest side of Yuba Reservoir, about 3 miles west of the town of Fayette.
Latitude: 39.22676
Longitude: -111.922672

Legal and physical access to the property is from a gravel county-claimed road.

Additional Information

The topography of the parcel is sloping from east to west with rolling hills. Vegetation is mostly sage brush and native grasses with some scattered Pinyon Juniper trees. The Piute Canal cuts through the property.

Water Rights and Utilities

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

Utilities: Utilities are located near the parcel.

Video

Zoning

SL (with a 5 acre minimum to build)

Encumbrances

Mineral Leases:
None

Surface Leases:
1. Easement No. 2291, issued to Sanpete County for Class D roads with a perpetual term
2. Grazing Permit No. 20617-10, issued to John D. Bown (this acreage will be deleted from the permit when the property is sold)

Cultural Reservations:
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 parcels include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, shallow groundwater, ground shaking and liquefaction potential associated with the Wasatch Fault zone, 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

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 #508

11/10/2021 12:25:21 PM

$57,500

Bidder #717

11/10/2021 12:29:55 PM

$57,000

Bidder #508

11/4/2021 11:01:41 AM

$46,500