Sevier Valley (C-27338)
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 10:30am MDT on Friday, June 5, 2026
Bid End Time for this Parcel: 10:30am MDT on Wednesday, June 10, 2026
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: $6,800.00
Beneficiary:
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of the University of Utah.
Legal Description:
Township 23 South, Range 2 West, SLB&M
Section 8: SW4NE4NE4, SE4SE4NW4NE4, NE4SW4NE4 (within)
(survey completed – see attached map)
Location:
The property is on the eastern side of I-70, in the Venice area of Sevier County, approximately 5 miles north of the city of Richfield. The Sevier Valley Canal is located northwest of the parcel.
The property is near 1935 N 2805 W, Venice, Utah.
Access:
Additional Information:
The irregular-shaped property is undeveloped and consists of native vegetation. The western boundary is a county-claimed Class D road running along the Piute Canal. The terrain is slightly sloping, with a historical lateral irrigation ditch crossing a portion of the property. Traditionally, the land has been used for grazing. The elevation averages 5,300 feet.
Acreage:
9.79 acres, more or less (surveyed acreage)
Water Rights:
No water rights are included with the property.
Utilities:
A power line runs through the property. Electricity and natural gas are available for connection.
Zoning:
A-1 (Agricultural with a one acre minimum lot size)
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:
- Easement No. 1408, issued to Sevier County for a Class B road, issued for a perpetual term
- Easement No. 1861, issued to Sevier County for Class D roads, issued for a perpetual term
- Easement No. 2688, issued to RJ&S Rickenbach, LLC for a pipeline, pond, and road; with an expiration date of May 8, 2054
- Grazing Permit No. 20277-24, issued to Sportsmen for Fish and Wildlife (the land sold will be deleted from the grazing permit)
Cultural Resource Covenant:
Disclosures:
- A disclosure summary and certificate of sale template document for general disclosures which apply to all parcels being offered for sale at this auction are available, upon request.
- All mineral rights will be reserved, including geothermal.
- The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
- The following comment has been received from the Utah Geological Survey: “While the Utah Geological Survey (UGS) has not completed comprehensive geologic hazard mapping in the Sanpete Valley area north of Richfield in Sevier County, geologic hazards, including shallow groundwater, liquefaction, collapsible soils, and others, may exist in the project area. The UGS recommends that a geologic hazard and geotechnical investigation be performed by a Utah-licensed Engineering Geologist/Geotechnical Engineer for all development and infrastructure in the project area conforming at a minimum to the guidelines provided in UGS Circular 128 (Guidelines for Investigating Geologic Hazards and Preparing Engineering-Geology Reports with a Suggested Approach to Geologic-Hazard Ordinances in Utah, Second Edition) available online at https://ugspub.nr.utah.gov/publications/circular/c-128.pdf.”
- The property will be conveyed subject to all valid existing rights.
