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Straight Hollow - Parcel A (C-27023)

Emery County, UT
Utah SITLA - Land Sale Auction, November 15, 2022

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Parcel:

Straight Hollow - Parcel A (C-27023)

Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

11/9/2022 10:40 AM MST / 11:40 AM CST

End Time:

11/15/2022 11:40 AM MST / 12:40 PM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$43,300

Bid Increment:

$500

Total Cost at Starting Bid:

$47,600
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Straight Hollow - Parcel A (C-27023)

County, State

Emery, UT

Legal Description

T20S, R7E, SLB&M
Section 23: S½SE¼

Acreage

80.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 80 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $2,000.00
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 near the town of Ferron in Emery County

Access:
The property is accessed from Power Line West Road which runs through the property.

Additional Information

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

Video

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.

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:
None

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 posted on 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 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.”
  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
Resource Specialist (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 November 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