77.1 Acres Reno County, Kansas Tillable Farm Ground w/ Oil Production

Auction Date: BIDDING ENDS THURSDAY JULY 24, 2025 4:00 PM Auction Location: ONLINE ONLY AUCTION: Download The Sundgren Realty App Today! Trust A (Surviving Settlors Trust) of The Eugene R. Wells and Carlene S. Wells Family Living Trust dated 21 April 2004, Seller PROPERTY DESCRIPTION: 77.1 acres of mostly tillable farm ground with 2 producing oil wells west of Hutchinson in Reno County, Kansas. Access is excellent, just 1/2 mile from blacktop HWY 50. Having both tillable farm ground and oil production offers a diverse income stream, making this property an excellent investment opportunity or addition to your agriculture operation. Take a look at this excellent opportunity to Invest In Land! LEGAL DESCRIPTION: Lot 4 and the Southwest Quarter of the Northwest Quarter of Section 4, Township 24 South, Range 9 West of the 6th P.M., Reno County, Kansas. Subject to public road. 2024 REAL ESTATE TAXES: $494.96 AVAILABLE ON OUR WEBSITE: REAL ESTATE PURCHASE CONTRACT, TITLE SEARCH REPORT, SOILS MAP, FSA MAP, 156 EZ TERMS: Bidding will close at 4:00 PM Central on Thursday July 24, 2025 or once no additional bids have been placed for 2 minutes. Bidding will be by the acre, your bid times 77.1 to determine contract price. Earnest money is $20,000 due at the conclusion of the auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before August 25, 2025. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways, rights of way and subject to Seller approval. The successful high bidder will be required to sign our real estate purchase contract and be purchasing the property subject to the title search report, both linked above. This property is not selling subject to financing, inspections or appraisal. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. Fence lines, boundaries, and acreages are not guaranteed. All pertinent information is available upon request.