Pilot Range Parcel (C-26955)

Pilot Range Parcel (C-26955)

Auction Date:
September 14 2021
Minimum Bid:
Minimum Acceptable Price is $96,000.00 PROPERTY SOLD FOR $99,500.00
County:
Tooele County
Acres:
640.00 Acres, More or Less
General Information

What are trust lands?

Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs.  Trust lands are not public lands, but are generally open for public use, when possible.  Trust lands were allocated specifically to generate revenue to support our beneficiaries.  SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.

ONLINE BIDDING INFORMATION:

Bid Start Time for this Parcel:  10:00am MT, September 8, 2021
Bid End Time for this Parcel:  11:30am MT, September 14, 2021

  • For step by step instructions to pre-register as a bidder, please click here.
  • For a link to this parcel on the auction website where you can place bids or view the auction, 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.

Cultural Resources Survey: $5,733.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $6,483.00

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 3 North, Range 19 West, SLB&M
Section 16: All

Location:

The property is located near the Utah/Nevada border, approximately 25 miles from Interstate 80.

Access:

There is no legal access to the property.

Additional Information:

The area consists of shrub and grassland with mild to moderate slopes.

Acreage:

640.00 Acres, More or Less

Water Rights:

No water rights are being sold with this property.

Utilities:

There are no existing utilities in this area.

Zoning:

MU-40 (Mixed Use – 40 Acres)

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. Grazing Permit No. 20658-11, issued to Della Ranches (this property will be deleted from the grazing permit when it is sold)

 

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  The parcel will be sold with cultural reservations for significant site(s) which were identified.

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.

Contact for Additional Information:

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

Ben Stireman
Resource Specialist
benstireman@utah.gov
(801) 538-5164

more info

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maps

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