Newcastle (C-26914) (June 2021 Auction)
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: 9:40am (June 9, 2021)
Bid End Time for this Parcel: 2:40pm (June 15, 2021)
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 |
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. 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.
Mineral Leases:
None
Surface Leases:
- 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.
Disclosures:
- 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.
- 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 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.”
