Otter Creek Parcel (PS 8320-B)

Otter Creek Parcel (PS 8320-B)

Auction Date:
October 30 2014
Minimum Bid:
Minimum Acceptable Price is Disclosed at $45,000.00 – SOLD FOR $46,000.00
County:
Piute County
Acres:
38.06 Acres, More or Less
General Information

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: $1,800.00
Cultural Resources Survey: $   677.00
Legal Advertising Cost: $   394.00
Sale Processing Charge: $   500.00
Application Fee: $   250.00
TOTAL CLOSING COSTS: $3,621.00

Legal Description:

Township 30 South, Range 2 West, SLB&M

Section 2:  Lot 4 (NW¼NW¼)

Location:

This parcel is located on the northwest side of Otter Creek reservoir, approximately 8 miles north of Antimony, Utah, and 1 mile south of Angle, Utah.  It is just east of State Highway 62 and near the reservoir.  The parcel has year round access from Class B county roads which run through the parcel and along the northern edge of the property. The parcel is ideally located for easy access to the lake and other amenities in nearby communities.  The elevation is 6,400 feet. The topography is generally flat. The vegetation consists of sagebrush and mixed grass. Otter Creek is well known for its fishing and boating opportunities as well as the State Park located on the south end of the reservoir.  The property is bordered by private land on the east and south side and by BLM land on the north and west sides.

Access:

The property is accessed by county Class B roads on the property.

Acreage:

38.06 acres, more or less

Water:

There are no water rights associated with this property.

Utilities:

There is a fiber optics communication line and power line crossing the property.

Zoning:

The current zoning for this property is A 80 –“ Agricultural (80 acre minimum to build).  This lot is recognized by Piute County as a subdivided lot and will be allowed a building permit.

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 a 20 year term.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. Easement No. 1286 granted to Piute County for roads.
  2. Easement No. 762 to South Central Communications for a fiber optic line.
  3. The property will be conveyed subject to all valid existing rights.
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. The Utah Geological Survey commented that it had reviewed this parcel and indicated that “potential geologic hazards in the area that could affect the property may include flash flooding, debris flow, problem soils including shrink/swell and or collapsible, shallow groundwater and/or bedrock, and moderate to high 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.
  3. A cultural resource survey has been conducted on the subject property.  No significant sites were identified.
  4. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

Lou Brown
Resource Specialist
loubrown@utah.gov
(435) 896-6494

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

more info

Otter Creek October 30, 2014 Auction

Otter Creek October 30, 2014 Auction

 

 

 

 

 

 

maps

PS8320B