SOLD
Registration Status:
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Your Bid Status:
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Parcel:
Dry Canyon Parcel (C-27037)
Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
6/1/2022 8:00 AM MDT / 9:00 AM CDT
End Time:
6/7/2022 10:00 AM MDT / 11:00 AM CDT
Your Bid:
-
Highest Bid:
$502,600
Starting Bid:
$226,600
Bid Increment:
$1,000
Total Cost at Highest Bid:
$506,380
(Bid Price + Agency Fees)
Legal Description:
T34S, R8W, SLB&M
Section 32: NW4
Parcel Details
Parcel
Dry Canyon Parcel (C-27037)
County, State
Iron, UT
Legal Description
T34S, R8W, SLB&M
Section 32: NW4
Acreage
160.00
Appraisal Costs
$1,250.00
Cultural Resources Survey Cost
$1,180.00
Legal Advertising Cost
$600.00
Sale Processing Charge
$500.00
Application Fee
$250.00
Comments
Acreage listed is approximate; 160 Acres, More or Less
Agency Fees (Closing Costs)
Agency Fee | Amount |
---|---|
Appraisal Cost | $1,250.00 |
Cultural Resources Survey Cost | $1,180.00 |
Legal Advertising Cost | $600.00 |
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
Location:
The property is located just to the southeast of the community of Parowan, Utah; east of Highway 20 and north of Bowery Creek Road.
Access:
The parcel is accessed by a dirt road through Dry Canyon.
Additional Information
This parcel has very irregular terrain, including mountainous ground as well as Dry Canyon, which runs through the northeast corner of the property. The vegetation is varied and includes some larger trees.
Water Rights and Utilities
Water Rights:
No water rights will be sold with this property.
Utilities:
No utilities are located on site.
Images
Video
Zoning
A-20 (Agricultural use with a 20 acre minimum lot size)
Encumbrances
Mineral Leases:
1. Material Permit No. 600, issued to Custom Rock and Excavation LLC with an expiration date of September 30, 2022
Surface Leases:
1. Easement No. 2469 for an access road (to be constructed)
2. Predesignation No. 880 will be issued to Iron County for roads which qualify as valid existing rights.
3. Grazing Permit No. 23245-21, issued to the Division of Wildlife Resources (this property will be deleted from this permit when sold)
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified. The parcel will be sold without any specific cultural reservations.
Disclosures
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.
The purchase price must be paid in full before any mining for sand and gravel may occur on the property.
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 June 30, 2022 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
Utah Broker
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #376
6/7/2022 10:59:47 AM
$502,600
Bidder #730
6/7/2022 10:59:32 AM
$501,600
Bidder #376
6/7/2022 10:59:41 AM
$500,600
Bidder #730
6/7/2022 10:59:32 AM
$478,600
Bidder #376
6/7/2022 10:59:12 AM
$477,600
Bidder #438
6/7/2022 10:59:02 AM
$461,600
Bidder #376
6/7/2022 10:57:26 AM
$450,600
Bidder #438
6/7/2022 10:58:11 AM
$449,600
Bidder #376
6/7/2022 10:57:26 AM
$441,600
Bidder #438
6/7/2022 10:57:56 AM
$440,600