Server Time (CDT): Jul. 18, 6:27:02a

Ibapah – Cold Spring (C-27057)

Tooele 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:

Ibapah – Cold Spring (C-27057)

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

6/1/2022 8:10 AM MDT / 9:10 AM CDT

End Time:

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

Your Bid:

-

Highest Bid:

$50,250

Starting Bid:

$31,000

Bid Increment:

$250

Total Cost at Highest Bid:

$54,800
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Ibapah – Cold Spring (C-27057)

County, State

Tooele, UT

Legal Description

T10S, R19W, SLB&M
Section 12: NW4NW4

Acreage

40.00

Appraisal Costs

$2,800.00

Cultural Resources Survey Cost

$800.00

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 $2,800.00
Cultural Resources Survey Cost $800.00
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 in Tooele County – 5 miles south of the town of Ibapah and 60 miles south of Wendover.

Access:
The property is accessed from Cold Spring Road, which runs diagonally through the property.

Additional Information

The parcel is surrounded by private land to the east and south and BLM land to the north and west. The terrain is gentle sloping and is within the foothills of the Deep Creek Range. The vegetation consists of pinyon and juniper trees and native brush and grasses.

Water Rights and Utilities

Water Rights:
None

Utilities:
No utilities are located on the property.

Video

Zoning

MU-40 (Multiple Use)

Encumbrances

Mineral Leases:
None

Surface Leases:
1. Easement No. 2518, issued to Tooele County for Cold Springs Road for a perpetual term
2. Grazing Permit No. 22172-08, issued to Kyle W. Bateman (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 and the property will be sold without any cultural or historical protective deed covenants.

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 Utah Geological Survey has submitted the following comment: "Potential geologic hazards in the area that could affect the parcels include seasonal flooding, flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, 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."
  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.

Utah SITLA Points of Contact

Diane Lund
Sales Coordinator

Email dlund@utah.gov

(877) 526-3725 or (801) 538-5163

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 #644

6/7/2022 11:09:24 AM

$50,250

Bidder #838

6/7/2022 10:12:44 AM

$50,000

Bidder #856

6/7/2022 10:10:56 AM

$45,250

Bidder #838

6/7/2022 10:09:24 AM

$45,000

Bidder #856

6/7/2022 10:10:51 AM

$44,750

Bidder #838

6/7/2022 10:09:24 AM

$44,500

Bidder #856

6/7/2022 9:55:35 AM

$44,250

Bidder #838

6/7/2022 12:37:11 AM

$44,000

Bidder #856

6/7/2022 9:47:09 AM

$43,500

Bidder #838

6/7/2022 12:37:11 AM

$43,250


View 32 earlier bids...