Server Time (CDT): Mar. 28, 5:10:09p

Straight Hollow – Parcel B (C-27024)

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

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

You have not bid on this lot

Parcel:

Straight Hollow – Parcel B (C-27024)

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

6/1/2022 9:10 AM MDT / 10:10 AM CDT

End Time:

6/7/2022 11:10 AM MDT / 12:10 PM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$24,000

Bid Increment:

$250

Total Cost at Starting Bid:

$27,250
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Straight Hollow – Parcel B (C-27024)

County, State

Emery, UT

Legal Description

T21S, R7E, SLB&M
Section 16: NW¼NE¼

Acreage

40.00

Appraisal Costs

$950.00

Cultural Resources Survey Cost

$1,350.00

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 $950.00
Cultural Resources Survey Cost $1,350.00
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

Location:
The parcel is located between the towns of Emery and Ferron in Emery County.

Access:
The property currently has no legal access. Interested parties should do their own due diligence regarding access.

Additional Information

The parcel is surrounded on all sides by private lands. The vegetation is predominantly mat saltbrush and Nuttall saltbrush. The elevation across the property is an average of 5,850 and topography is level to rolling with adequate drainage.

Water Rights and Utilities

Water Rights:
None

Utilities:
No public utilities extend to the subject property. Electricity is provided throughout the area by Rocky Mountain Power. Telephone services are provide throughout the area by Emery Telcom. Propane is provided by private carriers because this property is outside of any incorporated townsite. Sewer may be disposed of onsite through septic systems approved and monitored by Southeastern Utah District Health Department. Interested buyers are encouraged to do their own due diligence regarding utilities to the subject property.

Video

Zoning

The property is zoned MG&R-1 (Mining and Grazing). Single family dwellings can be constructed within the MG&R-1 Zone. However, each lot has to have a minimum of 40 acres and must be at least 300 feet wide.

Encumbrances

Mineral Leases:
None

Surface Leases:
1. Grazing Permit No. 22948-09, issued to Castle Valley Ranches, LLC (the land sold will be deleted from the permit)

Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified.

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 property will be conveyed subject to all valid existing rights.
  5. The Utah Geological Survey has submitted the following comment: "Potential geologic hazards in the area that could affect the parcels include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow 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

Bryan Torgerson
Resource Specialist

Email bryantorgerson@utah.gov

(435) 259-7417

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