SOLD
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Parcel:
Scofield at Spring Creek – Southern Portion (C-26996-C)
Acres:
209.44
Time Remaining:
Auction has ended
Start Time:
6/1/2022 8:50 AM MDT / 9:50 AM CDT
End Time:
6/7/2022 10:50 AM MDT / 11:50 AM CDT
Your Bid:
-
Highest Bid:
$1,001,000
Starting Bid:
$475,000
Bid Increment:
$1,000
Total Cost at Highest Bid:
$1,007,950
(Bid Price + Agency Fees)
Legal Description:
T11S, R7E, SLB&M
Section 14: SE4SW4, Portion of the SW4NW4, N2SW4, and NW4SE4 Lying SW of Hwy 96
Section 15: NE4SE4, Portion of the S2NE4 and W2SE4 Lying S and East of Hwy 96
Parcel Details
Parcel
Scofield at Spring Creek – Southern Portion (C-26996-C)
County, State
Utah, UT
Legal Description
T11S, R7E, SLB&M
Section 14: SE4SW4, Portion of the SW4NW4, N2SW4, and NW4SE4 Lying SW of Hwy 96
Section 15: NE4SE4, Portion of the S2NE4 and W2SE4 Lying S and East of Hwy 96
Acreage
209.44
Appraisal Costs
$1,190.00
Cultural Resources Survey Cost
$4,310.00
Legal Advertising Cost
$700.00
Sale Processing Charge
$500.00
Application Fee
$250.00
Comments
Acreage listed is approximate; 209.44 Acres, More or Less
Agency Fees (Closing Costs)
Agency Fee | Amount |
---|---|
Appraisal Cost | $1,190.00 |
Cultural Resources Survey Cost | $4,310.00 |
Legal Advertising Cost | $700.00 |
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 north of Scofield Reservoir in the Spring Canyon Area, along State Road 96. The parcel is about 35 miles from Provo, Utah. The Scofield Recreation Area is located approximately 3 miles from the western edge of the property.
Access:
Year-round access from the Wasatch Front is on Highway 6 to State Road 96. The parcel has frontage along State Road 96. The eastern edge of the property is approximately 4.4 miles from the turnoff onto 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.
Images
Video
Zoning
MG1 (Mining and Grazing 1, with a 50 acre minimum to build)
Encumbrances
Mineral Leases:
None
Surface Leases:
1. 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:
A cultural resource survey was conducted on this parcel. No significant sites were identified. The parcel will be sold without any 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.
Utah SITLA Points of Contact
Diane Lund
Sales Coordinator
Email dlund@utah.gov
(877) 526-3725 or (801) 538-5163
Tyson Todd
Resource Specialist
Email ttodd@utah.gov
(435) 781-5304
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 #453
6/7/2022 11:49:16 AM
$1,001,000
Bidder #730
6/7/2022 11:49:25 AM
$1,000,000
Bidder #453
6/7/2022 11:49:16 AM
$923,000
Bidder #599
6/7/2022 11:48:35 AM
$922,000
Bidder #775
6/7/2022 11:49:11 AM
$920,000
Bidder #599
6/7/2022 11:48:35 AM
$881,000
Bidder #407
6/7/2022 11:48:22 AM
$880,000
Bidder #523
6/7/2022 11:48:28 AM
$715,000
Bidder #407
6/7/2022 11:47:08 AM
$711,000
Bidder #523
6/7/2022 11:48:15 AM
$710,000