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Warehouse Rock - Parcel A (C-27058-A)

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

SOLD

Registration Status:

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Your Bid Status:

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Parcel:

Warehouse Rock - Parcel A (C-27058-A)

Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

11/9/2022 10:50 AM MST / 11:50 AM CST

End Time:

11/15/2022 11:50 AM MST / 12:50 PM CST

Your Bid:

-

Highest Bid:

$85,500

Starting Bid:

$82,500

Bid Increment:

$1,000

Total Cost at Highest Bid:

$89,335.80
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Warehouse Rock - Parcel A (C-27058-A)

County, State

Tooele, UT

Legal Description

T10S, R9W, SLB&M
Section 36: N½SW¼

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 $1,125.00
Cultural Resources Survey Cost $1,760.80
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 - near the Tooele/Juab county line - about 22 miles southwest of Dugway and about 6 miles southeast of the Pony Express Road.

Access:
The property has good access. From Highway 36, near the town of Faust, head southwest on the Pony Express Road; then southeast on the Old River Bed Road; and then northeast on the Warehouse Rock Road, which runs through the property.

Additional Information

The parcel is surrounded by other SITLA lands to the north and east. The SITLA property to the south is also being offered at this auction. The property to the west is BLM land. The terrain is mostly level with a few small hills on the eastern side. The vegetation consists of cedar trees, junipers, sage, and native grasses. The elevation of the parcel is approximately 4,540 to 4,660 feet.

Water Rights and Utilities

Water Rights:
No water rights are being conveyed with the sale of this parcel.

Utilities:
No utilities are located on the property.

Images

Video

Zoning

MU-40 (Multiple Use Agricultural)

Encumbrances

Mineral Leases:
1. Mineral Lease No. 54141, issued to SLM, LLC for metalliferous minerals with an expiration date of August 31, 2031

Surface Leases:
1. Grazing Permit No. 22976-10, issued to Kirt H. Richins (the land sold will be deleted from the permit)
2. Predesignation No. 766, issued to Tooele County for roads which qualify as valid rights for a perpetual term (Old River Bed Road)
3. Easement No 2571 will be issued to Tooele County for roads which traverse the property, including Warehouse Rock Road, for a perpetual term

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 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 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

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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #534

11/15/2022 2:16:19 AM

$85,500

Bidder #538

11/15/2022 6:36:52 AM

$84,500

Bidder #534

11/15/2022 2:16:19 AM

$83,500

Bidder #538

11/14/2022 5:29:20 PM

$82,500