Iron Spring Canyon (PS 8500)

Iron Spring Canyon (PS 8500)

Auction Date:
May 25 2016
Minimum Bid:
Minimum Acceptable Price is $300,000.00 SOLD for $350,000
County:
San Juan County
Acres:
640.00 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: $2,500.00
Cultural Resources Survey: $6,000.00
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $9,450.00

Legal Description:

Township 31 South, Range 25 East, SLB&M

Section 16:  All

Location:

This parcel is located approximately 12 miles northeast of Monticello, Utah.  The elevation is approximately 7,000 feet and the property is heavily covered in dense juniper.  Historically, the parcel has been used for grazing.  It is bordered by BLM land to the west and private ownership to the south.

Access:

The property is accessible along two sides from County Road 323. From Monticello head east on Highway 491 approximately 12 miles (from the junction with Highway 191) to West Summit Road, turn north. Follow West Summit Road approximately 14 miles to County Road 324 and turn west, go 1 mile and turn north on County Road 318. Continue for 1 mile and turn west on County Road 323 for 2 miles. County Road 323 runs along the southern portion of the property.

Acreage:

640.00 acres, more or less

Water:

No water rights have been established on the property.

Utilities:

No utilities are on site, however there is a power line running along the property boundary.

Zoning:

The parcel is zoned A-1 Agricultural.  Further information on zoning may be obtained from San Juan County.

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 a 20 year term.

Encumbrances

Mineral Leases:

  1. Mineral Lease No. 51452, issued to Potash Green Utah, LLC with an expiration date of August 31, 2018
  2. Mineral Lease No. 52432, issued to Par Five Exploration, LLC for oil, gas, and hydrocarbons, with an expiration date of February 28, 2018

Surface Leases:

  1. Right of Way No. 1110, issued to PacifiCorp for a power line, for a perpetual term
  2. Easement No. 2008, issued to San Juan County for roads, for a perpetual term
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 the 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:

Bryan Torgerson
Resource Specialist
bryantorgerson@utah.gov
(435) 259-7417

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

more info

P1130195 890x350

P1130194 890x350

P1130193 890x350

P1130184 890x350

P1130190 890x350

P1130189 890x350

 

 

 

 

 

 

 

maps

PS8500