Fairview Parcel (C-27214)
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 3.3 million surface acres on behalf of our beneficiaries.
ONLINE BIDDING INFORMATION:
To register as a bidder or to place a bid, please see box to the right.
Bid Start Time for this Parcel:Â Thursday, November 14, 2024 – 10:30am MST
Bid End Time for this Parcel: Tuesday, November 19, 2024 – 10:30am MST
CLOSING COSTS:
The closing costs are expenses incurred to prepare the property for sale. A large portion of the costs is for the completion of a cultural resource survey, which is required by law.
These costs are in addition to the 10% down payment. All closing costs are due from the winning bidder within 24 hours after completion of the auction and cannot be financed.
TOTAL CLOSING COSTS FOR THIS PARCEL:Â TBD
Beneficiary:
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Miner’s Hospital.
Legal Description:
Township 14 South, Range 5 East, SLB&M
Section 7: NE¼SE¼
Location:
This property is located about 2 miles southwest of the town of Fairview, in Sanpete County. The town of Mount Pleasant is approximately 5 miles southeast of the property. The parcel is approximately 100 miles southeast of Salt Lake City.
Access:
Access is from a county-claimed road, which runs through the property.
Additional Information:
This property is surrounded by private and BLM lands. The parcel is square with sloping topography. The vegetation is mostly junipers, brush, native grass, and sage. The elevation is 6,500 to 6,9000 feet. A summer cabin development is located to the south of the parcel.
Acreage:
40.00 acres, more or less
Water Rights:
No water rights will be sold with this property
Utilities:
No utilities exist on the property. Power lines exist in the general vicinity.
Zoning:
A (Agriculture) – This zone allows for a one acre minimum for a single-family residential development.
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.
During the time when the property is being financed (before a patent is issued), the county records will show the property as state trust lands with notices being sent in care of the purchaser.
Mineral Lease Encumbrances:
None
Surface Lease Encumbrances:
- Easement No. 2291, issued to Sanpete County for Class D roads, for a perpetual term
Cultural Resource Covenant:
A cultural resource survey will be conducted on this parcel. Significant sites which are identified will be protected by a deed covenant.
Disclosures:
- Please see the disclosure summary and the certificate of sale template document for general disclosures which apply to all parcels being offered for sale at this auction.
- All mineral rights will be reserved.
- The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
- The property will be conveyed subject to all valid existing rights.
