Kyune Creek (C-26741)

Kyune Creek (C-26741)

Auction Date:
November 15 2017
Minimum Bid:
Minimum Acceptable Price is Disclosed at $500,000.00
SOLD FOR $500,000.00
County:
Utah County
Acres:
640.00 Acres, More or Less
General Information

CLOSING COSTS:

These costs cannot be financed and are in addition to the 25% down payment.  All closing costs are due from the prevailing bidder at the auction.

Appraisal Costs: $2,000.00
Cultural Resources Survey: $350.00
Legal Advertising Cost: $500.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $3,600.00

Beneficiary:

Public Schools

Legal Description:

Township 11 South, Range 9 East, SLB&M
Section 16:  All

Video:

West Boundary – View to the East

Location:

The property is located in eastern Utah County in the right fork of Kyune Creek and the northeast portion in Bear Creek.  The parcel is nearly 3 miles north of the Emma Park road and Highway 6.

Access:

There is no current public access to the property.  There is no promise of any access to the property.  There is an existing small unimproved road that bisects the south half of the property, along the right fork of Kyune Creek.  Any access to the property will need to be negotiated with applicable surrounding landowners.

Other:

This parcel is mostly steep mountain forested terrain with potential big-game hunting opportunities.

Acreage:

640.00 Acres, More or Less

Water:

No water rights are included with the property.  Contact the Division of Water Rights at (801) 538-7240 for information regarding the potential for water development on the property.

Utilities:

There are no utilities leading to or across this property.

Zoning:

Mining and Grazing 1  (Contact Utah County for information on permitted uses and zoning restrictions.)

Financing:

Financing will be offered for this parcel.  A down payment of 25% 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. GP 23400 is a grazing permit issued to Bar W Angus Company, LLC, c/o Korey Wright, 2230 South Airport Road, Nephi, UT 84648.  This property will be deleted from the permit upon sale.

Cultural Resource Covenant:

A cultural resource review was conducted on the subject property.  The property will not be subject to any cultural reservations.

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. A cultural resource review was conducted on the subject property.  The property will not be subject to any cultural reservations.
  3. All mineral rights and sand and gravel rights will be reserved.
  4. The Utah Geological Survey has commented:  “The potential geologic hazards in the area that could affect the site include flash flooding/debris flow, shallow bedrock, problem soil including shrink/swell, rockfall, and indoor radon potential.  UGS recommends these hazards be addressed in a manner appropriate to the intended use of the property.  Geologic hazards are best addressed early in the planning process prior to development and construction.  UGS has general geologic hazard information available at its offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.
  5. The property will be conveyed subject to all valid existing rights.
  6. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

Gary Bagley
Resource Specialist
garybagley
@utah.gov
(801) 538-5164

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

more info

Additional Photos:

(Please click on each photo for a larger view.)

Along the South Border of the Property – View to the Northwest

 

West Boundary of the Property

 

West Boundary of the Property

 

 

 

 

 

maps