Milburn Parcel (C-26790)
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: | $2,400.00 |
| Cultural Resources Survey: | $500.00 |
| Legal Advertising Cost: | $500.00 |
| Sale Processing Charge: | $500.00 |
| Application Fee: | $250.00 |
| TOTAL CLOSING COSTS: | $4,150.00 |
Beneficiary:
Normal Schools
Legal Description:
Township 12 South, Range 5 East, SLB&M
Section 31: W½E½
Location:
The parcel is bordered by the US Forest Service on one side and private landowners on the other three sides.
Access:
Access is from a private road with locked gates. Arrangements will need to be made for access with the surrounding landowners.
Other:
This parcel has mountain brush and tree vegetation with moderate slopes.
Acreage:
160.00 Acres, More or Less
Water:
No water rights are being transferred with this property.
Utilities:
There are no known utilities in the general area.
Zoning:
The subject property is located in Sanpete County and is zoned Sensitive Lands – Sanpete County. According to the Sanpete County zoning ordinance the purpose is as follows: “Permitted uses include agriculture, auction yards, farming/ranching, schools, cemetery, etc. The minimum lot area is 40 acres. Front setback is 66 feet, side setback is 30 feet and rear setback is 30 feet. Maximum height is 2 stories.”
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 up to a 20 year term.
Mineral Leases:
None
Surface Leases:
- Easement No. 1967, issued to Jon C. Nuttall for a water line with an expiration date of September 30, 2045
- Right of Way No. 2430, issued to Larry Stewart for a water line for a perpetual term
Cultural Resource Covenant:
A cultural resource survey was conducted on the subject property. No significant sites were identified.
Disclosures:
- Please see the auction page for general disclosures and auction procedure information which pertains to all properties being offered at the auction.
- All mineral rights, including the sand and gravel rights will be reserved.
- The property will be conveyed subject to all valid existing rights.
- The following comment was received from the Utah Geological Survey (UGS): “Potential geologic hazards in the region that could affect the site include stream flooding, flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, shallow bedrock, and indoor radon potential. Potential hazards should 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.”
- Other disclosures, if any, will be announced at the auction.
