Scofield 1Q (C-27309)
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 3.3 million surface acres on behalf of our beneficiaries.
ONLINE BIDDING INFORMATION:
To register as a bidder or to place a bid, please see box to the right.
Bid Start Time for this Parcel:Â TBD
Bid End Time for this Parcel: TBD
CLOSING COSTS:
The closing costs are expenses incurred to prepare the property for sale. A large portion of the costs is for the completion of a cultural resource survey, which is required by law.
These costs are in addition to the 10% down payment. All closing costs are due from the winning bidder within 24 hours after completion of the auction and cannot be financed.
TOTAL CLOSING COSTS FOR THIS PARCEL:Â TBD
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 11 South, Range 7 East, SLB&M
Section 15: Lot 1, NE¼NW¼ (within)
Location:
The parcel is located in the Dry Valley area near Scofield Reservoir. The property is approximately 3.5 miles from the reservoir, or a 4.5 mile drive.
Access:
Access to the property is along dirt roads, beginning at approximately MP 17.7 of Highway 96.
Additional Information:
This parcel would make a great private camping location or a location for an RV pad. The parcel is relatively flat.
Acreage:
5.66 acres, more or less
Water Rights:
No water rights will be conveyed with the property.
Utilities:
None
Zoning:
This parcel is zoned Mining and Grazing which has a minimum lot size of 50 acres required for a single family dwelling.
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.
During the time when the property is being financed (before a patent is issued), the county records will show the property as state trust lands with notices being sent in care of the purchaser. All improvements to the land during the financing period will need approval.
Mineral Lease Encumbrances:
None
Surface Lease Encumbrances:
None
Cultural Resource Covenant:
A cultural resource survey was completed for this parcel. No significant sites were identified. The parcel will be sold without any cultural resource survey reservations.
Disclosures:
- Please see the disclosure summary and the certificate of sale template document for general disclosures which apply to all parcels being offered for sale at this auction.
- All mineral rights will be reserved.
- The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
- The property will be conveyed subject to all valid existing rights.
