Grantsville – Parcel F (C-26981)

Grantsville – Parcel F (C-26981)

Auction Date:
November 15 2022
Minimum Bid:
Minimum Acceptable Price is $49,500.00 SOLD for $72,500.00
County:
Tooele 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: 9:50am MST on November 9, 2022
Bid End Time for this Parcel: 10:50am MST on November 15, 2022

  • For the auction page to view or place a bid, please click here.
  • For step by step instructions to pre-register as a bidder, 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: $1,000.00
Cultural Resources Survey: $300.00
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $2,250.00

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 4 South, Range 6 West, SLB&M
Section 14: NW¼SW¼

Location:

The parcel is located in Tooele County – northwest of the town of Stockton, about 9 miles southwest of Grantsville, and about 1 mile west of Mormon Trail Road.

Access:

The property has no legal access.

Additional Information:

Two properties in this same general area will be sold at this auction.  The vegetation of this property is mostly Juniper. The elevation is approximately 5,300 to 6,000 feet.

Acreage:

40.00 Acres, More or Less

Water Rights:

No water rights will be conveyed with the sale of this property.

Utilities:

No utilities are located on the property.

Zoning:

MU-40 (Multiple Use Agricultural)

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:

  1. Grazing Permit No. 23332-B10, issued to Ed Roberts (when sold, these lands will be deleted from the grazing permit)

Cultural Resource Covenant:

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

Contact for Additional Information:

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

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