Cave Valley (PS 7626)

Cave Valley (PS 7626)

Auction Date:
October 19 2016
Minimum Bid:
Minimum Acceptable Price is $860,000
SOLD FOR $1,740,000
County:
Washington County
Acres:
200.18 Acres, More or Less
General Information

CLOSING COSTS:

These costs cannot be financed and are in addition to the 10% down payment.  All closing costs are due from the prevailing bidder at the auction.

Appraisal Costs: $1,900.00
Cultural Resources Survey: $35,000.00
Legal Advertising Cost: $460.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $38,110.00

Legal Description:

Township 40 South, Range 11 West, SLB&M

Section 8:  Part of S½S½ (Within)
Section 17:  E½NW¼, Part of N½NE¼ (Within)

Location:

This parcel is located approximately 10 miles northeast of the town of Virgin, Utah in Washington County along the Kolob Mountain Road.

Access:

The parcel has access from an existing paved county road.

Other:

This parcel is in the Cave Valley area northeast of the town of Virgin, Utah.  It is accessed from a county paved road known as the Kolob Mountain Road.  It adjoins BLM land on the North, West and South sides. It adjoins private land on the East, and Zion National Park on the southeast corner.  The area is very scenic and adjoins the popular Lambs Knoll hiking area and rock feature.  The area offers many recreational opportunities including hiking, sightseeing, camping, and fishing. It is very scenic with great outdoor recreational opportunities. This parcel offers privacy and seclusion in a very beautiful part of the state.

Acreage:

200.18 acres, more or less

Water:

There are no water rights associated with this property.

Utilities:

None

Zoning:

OSC and AG (Open Space Conservation and Agricultural with a 20-acre minimum to build)

Financing:

Financing will be offered for this parcel.  A down payment of 10% and closing costs will be due at the auction.  The remaining balance can be financed at a variable rate of prime plus 2.5% for up to a 20 year term.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. Easement No. 2010 to the BLM for the access to the Lambs Knoll area
  2. Predesignation No. 762, issued to Washington County for roads which qualify as valid existing rights
  3. Predesignation No. 830, issued to Washington County for roads which qualify as valid existing rights
  4. Grazing Permit No. 22437-08, issued to Budd D. Lee & Sons Construction (this permit will be canceled when the property is sold)
Disclosure and Contact

Disclosures:

  1. Please see the auction page for general disclosures and auction procedure information which pertains to all properties being offered at the auction.
  2. The property will be conveyed subject to all valid existing rights.
  3. A cultural resource survey was conducted on the subject property.  The property will be sold subject to site(s) which were identified.
  4. All minerals, including the sand and gravel are reserved to Trust Lands Administration.
  5. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

Lou Brown
Resource Specialist
loubrown
@utah.gov
(435) 896-6494

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

more info

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maps

PS7626