Alton Parcel (C-26991)

Alton Parcel (C-26991)

Auction Date:
November 10 2021
Minimum Bid:
Minimum Acceptable Price is $100,000.00 SOLD for $175,500.00
County:
Kane County
Acres:
40.00 Acres, More or Less
General Information

What are trust lands?

Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs.  Trust lands are not public lands, but are generally open for public use, when possible.  Trust lands were allocated specifically to generate revenue to support our beneficiaries.  SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.

ONLINE BIDDING INFORMATION:

Bid Start Time for this Parcel:  9:10am (MT) November 4, 2021
Bid End Time for this Parcel:  10:40am (MT) November 10, 2021

  • For step by step instructions to pre-register as a bidder, please click here.
  • For the auction page where you can view or place a bid, please click here.

Video of the Property:

CLOSING COSTS:

The closing costs are in addition to the 10% down payment.  The cultural resources survey costs may be financed, upon approval.  All other closing costs are due from the prevailing bidder at the auction and cannot be financed.

Cultural Resources Survey: $1,021.70
Appraisal Costs: $1,750.00
Advertising Costs: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $3,721.70

Beneficiary:

The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.

Legal Description:

Township 39 South, Range 6 West, SLB&M
Section 2:  SW4SW4

Location:

The property is located northwest of the town of Alton, just off of the Upper Alton Road and is surrounded on all sides by private property.

Access:

The property currently has no legal access.

Additional Information:

The property has terrain that includes some hillside and some more gentle areas and is typical for the area.  The vegetation is mostly sagebrush, pinon pines, and other small shrubs.

Acreage:

40.00 Acres, More or Less

Water Rights:

No water rights are being sold with this property.

Utilities:

No utilities are located on site but are located nearby.

Zoning:

AG-10

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.

Encumbrances

Mineral Leases:

None

Surface Leases:

None

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  No significant sites were identified.  The parcel will be sold without any cultural reservations.

Disclosure and Contact

Disclosures:

  1. Please see the disclosure summary and the certificate of sale template document posted at the bottom of 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.
  5. The Utah Geological Survey (UGS) has submitted the following comments:  “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils/bedrock including shrink/swell and/or collapsible, shallow groundwater and/or bedrock and indoor radon potential. Prospective users 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”

Contact for Additional Information:

Diane Lund
Sales Coordinator
dlund@utah.gov
(877) 526-3725 or (801) 538-5163

Ron Torgerson
Resource Specialist
rgtorgerson@utah.gov
(435) 893-2980

more info

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maps

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