Newcastle (C-26914)

Newcastle (C-26914)

Auction Date:
November 10 2021
Minimum Bid:
Minimum Acceptable Price is $140,000.00
SOLD for $140,000.00
County:
Iron County
Acres:
17.51 Acres, More or Less
General Information

ONLINE BIDDING INFORMATION:

Bid Start Time for this Parcel: 9:40am (MT) on November 4, 2021
Bid End Time for this Parcel:  11:10am (MT) on November 10, 2021

  • For step by step instructions to pre-register as a bidder, please click here.
  • For the auction page to view or place a bid, 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: $1,500.00
Cultural Resources Survey: $1,000.00
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $3,450.00

Video:

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 36 South, Range 15 West, SLB&M
Section 16: E½NE¼NE¼ (portion north of the highway)

(A survey was conducted.  A copy of the survey will be provided to the purchaser.)

Location:

The parcel is located east of the small town of Newcastle, along Highway 56, in southwestern Iron County.

Access:

Direct access to the parcel is from Highway 56.

Additional Information:

The vegetation is scattered pinyon and juniper trees with sagebrush and grasses.  The topography is small rolling hills, with gentle to moderate terrain.

Acreage:

17.51 Acres, More or Less
(This property was surveyed.  The portion north of the highway is the property being sold.)

Water Rights:

None

Utilities:

No utilities are located on the property, but are nearby.

Zoning:

Commercial

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. Easement No. 2389, issued to Iron County for roads for a perpetual term

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  No significant sites were identified.  The property will be sold without any 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.
  5. The following comments were received from the Utah Geological Survey (UGS):  “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils and/or rock including shrink/swell and/or collapsible, shallow bedrock, earthquake hazards associated with the Antelope Range faults, and indoor radon potential. Prospective users 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.”

Contact for Additional Information:

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

Ron Torgerson
Resource Specialist
rgtorgerson@utah.gov
(435) 893-2980

more info

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Draft Land Survey: