11236 NW Parallel St Towanda, KS 67144

1 / 19

View all 19 Photos

Map

*LIVE AND ONLINE AUCTION* PROPERTY: 76.8 +/- Acres in Butler County, Kansas near Towanda AUCTION DATE: August 22nd, 2024 at 6 PM Central AUCTION LOCATION: Hidden Cedars Venue at 16317 SW 10th St, Benton, KS 67017 On behalf of the Tingle Trust, L2 Realty introduces an exceptional opportunity to invest in high-quality tillable farm ground in Butler County. Near the Towanda and Benton communities, this tract of land encompasses approximately 76.8 +/- acres. This auction presents an excellent land investment opportunity close to the Wichita Metro. Soils on the tract include 13% Class 1 Norge silt loam, 42% Class 2 Ladysmith silty clay loam, and 45% Class 2 Irwin silty clay loam. Commonly grown crops include corn, soybeans, milo, and wheat. The tillable ground is currently under a 40/60 crop share arrangement. Possession will occur this fall after harvest of the 2024 summer crop. Milo is currently growing, with portions of the fields getting replanted recently. Half a mile of road frontage on SW Parallel St and a quarter mile of frontage on NW Santa Fe Lake Rd creates ample access to the property. The large amount of frontage also lends itself to potential development of rural home sites in the future. Current zoning is AG-40 which is defined as one residence per quarter of a quarter section (40+/- acres). As it sits, this parcel would qualify for two build sites. Further rezoning could reduce the parcel size requirement. Electricity runs along the eastern and southern boundaries on the road. No flood plain is present on any portion of this property. The property is set to be auctioned off on August 22nd, 2024 at the Hidden Cedars Venue near Benton at 6 PM CST. Contact us now for more information and to participate in this exciting auction event. Bidding will occur online and in-person the evening of the auction. Join us at the venue to discuss local real estate and enjoy some refreshments! · 76.8 +/- Total Acres · Crop Production Income · High Quality Soils · Class 1 Norge Silt Loam · Class 2 Ladysmith and Irwin Silty Clay Loams · Gravel Road Access · Near Towanda and Benton Communities · Close Proximity to the Wichita Metro Area · 8 minutes to Towanda, KS · 10 minutes to Benton, KS · 13 minutes to El Dorado, KS · 24 minutes to Downtown Wichita, KS *This is an auction, the price listed is to assist with search engine optimization. TERMS: Online bidding will open at 10 AM on August 22, 2024 and the live auction will start at 6pm on August 22, 2024. Bidding will be conducted in-person, online, or by phone. Bids will be placed by the acre. Final sales price will be calculated by 76.8 times the final bid. There will be a 10% buyer’s premium added to the high bid to determine the contract price. Closing fee and title insurance fee will be split 50/50 between the seller and buyer. The property is selling subject to a reserve. Bids submitted shall be "firm bids" available for sellers’ acceptance and without contingencies. Interested buyers need to view the property prior to the date of the auction and have financing approval along with any inspections performed prior to bidding. Upon acceptance of a bid by seller, the real estate contract will be provided by the seller's agent to the successful bidder promptly, and the termed contract shall be executed by the successful bidder and tendered to the seller's agent within 24 hours of the close of the auction. The earnest money deposit in the amount of 10% of the final sales price will be tendered to Security 1st Title within five (5) days of notification and acceptance. Remaining balance due at the time of closing. Closing will be conducted on or before September 25, 2024. Possession of the tillable ground will occur after harvest of the 2024 summer crop. Selling subject to easements, restrictions, roadways and rights of way. Preliminary title work inc