Navajo Lake – Northern Parcel (C-27087-A)

Navajo Lake – Northern Parcel (C-27087-A)

Auction Date:
November 15 2022
Minimum Bid:
Minimum Acceptable Price is $80,000.00 SOLD for $308,000.00
County:
Kane County
Acres:
20.00 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: 10am MST on November 9, 2022
Bid End Time for this Parcel: 11am 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: $1,100.00
Cultural Resources Survey: $560.00
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $2,610.00

Video:

Beneficiary:

The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Reservoirs.

Legal Description:

Township 38 South, Range 9 West, SLB&M
Section 3:  N½NE¼SE¼

Location:

This parcel is located in Kane County – northwest of Navajo Lake.

Access:

Access to the property is northwest from Navajo Lake along North Fork Road and then west along Dixie National Forest Road #1672.  This road goes to the southern parcel.

A 40-foot access easement will be reserved from the southern parcel to the northern parcel, along the eastern boundary of the parcel.  The road is not yet built to provide access to the northern portion.  The purchaser of the northern portion will be responsible for constructing the road.

Additional Information:

The parcel is surrounded by private land to the west, SITLA lands to the south and US Forest Service land to the north and east.  The terrain is gentle sloping with many flat areas and clearings suitable for development.  The vegetation consists of aspen stands, various species of pine trees, and native brush and grasses.  Beautiful views and scenery surround this property.

Acreage:

20.00 acres, more or less

Water Rights:

No water rights will be conveyed as part of this sale.

Utilities:

No utilities are located on site.

Zoning:

Agriculture – 10 acres

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. 21639-15, issued to Lundgren Ranch, LLC (when this property is sold, it will be deleted from this grazing permit)
  2. A 40-foot easement will be reserved along the eastern property boundary of C-27057-B (southern parcel) to provide access to C-27057-A (northern parcel).  The purchaser of the northern parcel will be responsible for constructing the road.  (See the attached map for a depiction of this easement.)

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  No significant sites were identified and the property will be sold without any cultural or historical protective deed covenants.

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. Utah Geological Survey has submitted the following comment:  “Potential geologic hazards in the area that could affect the parcel include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, landslide-prone geologic units, and indoor radon potential. Prospective buyers 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.”
  5. 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

Ron Torgerson
Surface Assistant Deputy Director
rgtorgerson@utah.gov
(435) 893-2980

more info

(Click on Photos for a Larger View)

(Photos Show Both the Northern and Southern Properties)

 

 

 

 

 

 

 

 

 

 

maps

(Click on Map for a Larger View)