Patmos Ridge - Parcel B (PS 8592) - Trust Lands Administration

Patmos Ridge – Parcel B (PS 8592)

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:	$500.00
Advertising Costs:	$400.00
Processing Costs:	$500.00
Application Fee:	$250.00
TOTAL CLOSING COSTS:	$3,050.00

Legal Description:

Township 15 South, Range 14 East, SLB&M

Section 13: S½N½
Section 24: NE¼NW¼

Location:

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

Access:

There is no legal public access to this property.

Acreage:

200.00 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 big game hunting opportunities, is rugged and remote, and offers privacy, quiet and solitude.

Topography consists of mainly steep canyon walls descending into the Range Creek drainage. Elevation ranges from 9,000 feet at the top of the ridge to 7,800 feet near the canyon bottoms.

This property is surrounded almost entirely by privately owned lands, with the eastern border of the northernmost parcel being shared with a small federal (BLM) inholding.

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.

Mineral Leases:

None

Surface Leases:

Grazing Permit No. 20232-09, issued to Glen Jensen (this property will be deleted from the permit upon completion of sale)

Disclosures:

Please see the auction page for general disclosures and auction procedure information which pertains to all properties being offered at the auction.
The property will be conveyed subject to all valid existing rights.
A cultural resource survey was conducted on the subject property. The property will not be sold subject to any cultural reservations.
All minerals, except the sand and gravel are reserved to Trust Lands Administration.
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.”
Other disclosures, if any, will be announced at the auction.