Fayette Hills (C-26898)

Fayette Hills (C-26898)

Auction Date:
June 15 2021
Minimum Bid:
Minimum Acceptable Price is $175,000.00
SOLD for $186,000.00
County:
Sanpete County
Acres:
40.00 Acres, More or Less
General Information

ONLINE BIDDING INFORMATION:

Bid Start Time for this Parcel: 9:20am (June 9, 2021)
Bid End Time for this Parcel:  2:20pm (June 15, 2021)

  • For step by step instructions to pre-register as a bidder, please click here.
  • For a link to this parcel on the auction website, please click here.

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.

Appraisal Costs: $2,200.00
Cultural Resources Survey: $767.00
Legal Advertising Cost: $270.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $3,987.00

Video:

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 18 South, Range 1 East, SLB&M
Section 30:  NE¼NE¼

Location:

The parcel is located approximately one mile east of the small town of Fayette, in Sanpete County – south of Yuba Reservoir.

Access:

Access to the parcel is from a Class B county-claimed road on the eastern side of the property.

Additional Information:

This rounded hill overlooks the town of Fayette and the Sevier River Valley.  The vegetation is scatter pinyon and juniper trees, along with sagebrush and grasses.

Acreage:

40.00 Acres, More or Less

Water Rights:

None

Utilities:

No utilities are currently on the property, but are located nearby.

Zoning:

RA-1/2 Acre (Residential with 1/2 Acre 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 for up to a 20 year term.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. Grazing Permit No. 22878-08, issued to Warm Creek Ranch (this land will be deleted from the grazing permit upon completion of the sale)

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, including the sand and gravel rights will be reserved.
  3. The property will be conveyed subject to all valid existing rights.
  4. The following comments were received from the Utah Geological Survey regarding this parcel:  “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils and/or rock including shrink/swell and/or collapsible, earthquake hazards associated with the Fayette segment of the Wasatch fault, shallow bedrock, wind-blown sand, 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

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