45 acres of Cowley County Real Estate offered in 3 Tracts & as 1 unit
TRACT # 1: Contains approx. 2 acres with the homestead consisting of a spacious 3 bedroom stucco home with 1820 sq. ft. of living area. This well maintained home has 2 baths, central heat & air and 1 car attached garage. This home was originally built & used as the New Salem School and was converted by the present owner over 40 years ago with many recent updates. Other improvements include a fully insulated, 30’ x 50’ Morton Building, 14’ drive in door, 12’ eves, & full concrete floor. There are also 2 older metal clad buildings plus many mature shade & fruit trees. Property is served by a private water well, Westar Electric & Kansas Gas Service. 

NOTE: Rural Water District # 4 has a water line running near the South edge of Tracts 1 & 2, but none of the tracts has a water meter. All prospective buyers should contact RWD 4 to ascertain if rural water is available to these properties.

TRACT # 2:  Excellent building site containing approx. 3 acres of native grass and adjoins Tract # 1 to the West and Tract # 3 to the East. Dual access is via a gravel township road on the North side and a gravel city/ township street on the South side.

TRACT # 3: This parcel contains approx. 40 acres of native grass of which 36 acres are enrolled in the Conservation Reserve Program (CRP) with the USDA. The Buyer must agree to honor the existing CRP contract until the expiration date of Sept. 30, 2011. Sellers will retain 100% of this year’s payment of $1,412.00 and Buyer will receive all future payments. This tract adjoins Tract 2 at the Southwest corner and has a gravel township road along most of the West side plus Cowley County # 4 (blacktop) frontage along the North side. Minerals are intact and transfer to Seller, with no current leases or production.

TRACT # 4: Combination of Tracts 1, 2 & 3.

TAXES: $1,188.80 (2008 combined)

TERMS: $5,000.00 per Tract earnest money on day of auction, ($15,000.00 if property sells as 1 unit) balance due at closing, on or before October 26, 2009. Escrow money is non refundable and property is not selling subject to Buyer’s ability to obtain a loan. Walnut Valley Title Co. will act as Escrow & Closing Agent. Buyer & Seller will split closing fee.

PROPERTY CONDITION REPORT: Every effort has been made by the Seller and Auctioneer to disclose any & all known defects, however this property is being sold “as is, where is” without warranty, either expressed or implied. All prospective buyers are encouraged to view the property and conduct any inspections deemed necessary (including but not limited to lead base paint, radon, mechanical, structural, rural water availability & any others) prior to bidding at the auction.
Only good title is guaranteed.