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Dry Canyon Parcel (C-27037)

Iron County, UT
Utah SITLA - Land Sale Auction, June 7, 2022

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:

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.

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

  1. Please see the disclosure summary and the certificate of sale template document 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 Division of Drinking Water has commented: “Iron County has a source protection ordinance that does restrict certain activities within zones 1 and 2 of drinking water source protection zones. Part of the proposed sale of trust land’s location has a drinking water source protection zone 2. Please contact Kelly Stones, Parowan City Water System at kelly@parowan.org for further information.” (see attached map)
  5. 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.

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

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: 6346513-AB00



www.bateslandco.com

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


View 86 earlier bids...