Patmos Ridge – Parcel A (PS 8591)

Patmos Ridge – Parcel A (PS 8591)

Auction Date:
October 19 2016
Minimum Bid:
Minimum Acceptable Price is $365,000
SOLD FOR $570,000
County:
Carbon County
Acres:
520.00 Acres, More or Less
General Information

CLOSING COSTS:

These costs cannot be financed and are in additional to the 10% down payment.  All closing costs are due from the prevailing bidder at the auction.

Appraisal Costs: $1,400.00
Cultural Resources Survey: $13,000.00
Advertising Costs: $400.00
Processing Costs: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $15,550.00

Legal Description:

Township 15 South, Range 14 East, SLB&M

Section 14:  SW¼, W½SE¼
Section 23:  NW¼, W½NE¼, SE¼NE¼

Location:

The subject property is located on Patmos Ridge approximately 22 miles east of Wellington, Utah.

Access:

There is physical access to the property via an unimproved dirt road.  However this road is not a public road and traverses adjacent private property.  There is no legal public access to this property.

Acreage:

520.00 acres, more or less

Water:

No water rights will be conveyed with the property.

Surface waters in the area are considered to be fully appropriated.  There are some limited ground water resources available for appropriation.  Permanent applications for isolated springs and underground water are generally limited to sufficient acre-foot amounts to serve the domestic purposes of one family, the irrigation of one acre, and ten head of livestock (or equivalent livestock units).  Interested parties should contact the Utah Division of Water Rights for more information.

Utilities:

No utilities are present on the property and none are known to be located nearby.

Zoning:

The property is zoned WS (Watershed) by Carbon County.  The zone generally allows for grazing and recreational activities.  There is a minimum lot size of 40 acres per dwelling.  Interested parties should contact Carbon County for more information regarding permitted uses.

Other:

This property offers excellent big game hunting opportunities and is located adjacent to the Patmos Ridge Cooperative Wildlife Management Unit (CWMU) for both buck deer and bull elk.  It is rugged and remote, and offers privacy, quiet and solitude.

Topography consists of steep, rugged mountain terrain.  Elevation ranges from more than 9,800 feet at the top of the ridge to 7,800 feet in the canyon bottom.

This property is surrounded by privately owned lands and other state trust lands.

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 a variable rate of prime plus 2.5% for up to a 20 year term.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. Grazing Permit No. 20232-09, issued to Glen Jensen (this property will be deleted from the permit upon completion of sale)
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 property will be conveyed subject to all valid existing rights.
  3. A cultural resource survey was conducted on the subject property.  The property will be sold subject to some sites which were identified.
  4. All minerals, except the sand and gravel are reserved to Trust Lands Administration.
  5. The Utah Geological Survey provided the following comment:  “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, shallow bedrock and/or groundwater, problem soils including shrink/swell and/or collapsible, 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.  Geologic hazards are best addressed early in the land-use planning process prior to development and construction.  General geologic hazard information is available at the UGS offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.”
  6. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

Chris Fausett
Resource Specialist
chrisfausett@utah.gov
(801) 538-5139

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

more info

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maps

PS8591