Silvan Estates (C-27354)
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. (registration will open soon)
Bid Start Time for this Parcel: 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: 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 39 South, Range 8 West, SLB&M
Section 18: (Within)
LOT 7, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (0.62 acre, more or less)
LOT 8, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (1.17 acres, more or less)
LOT 10, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (0.98 acre, more or less)
LOT 11, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (0.63 acre, more or less)
LOT 12, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (0.62 acre, more or less)
LOT 7, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (6.55 acres, more or less)
LOT 8, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (2.37 acres, more or less)
LOT 9, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (2.35 acres, more or less)
LOT 10, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (4.45 acres, more or less)
LOT 11, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (2.39 acres, more or less)
LOT 12, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (1.85 acres, more or less)
LOT 6, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (4.93 acres, more or less)
LOT 13, BLOCK C, SILVAN CANYON ESTATES SUBDIVISION (2.01 acres, more or less)
LOT 2, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (1.30 acres, more or less)
LOT 3, BLOCK D, SILVAN CANYON ESTATES SUBDIVISION (1.62 acre, more or less)
Total: 33.84 acres, more or less
Location:
The property is located approximately 20 miles north of East Zion (SR9).
Access:
Additional Information:
All of the remaining 15 lots from the Silvan Canyon Estates Subdivision are part of the property being sold. This rural subdivision was developed in the 1970’s.
The topography of the property is partially flat to moderately sloping, offering beautiful views in all directions. Much of the land features a variety of mixed conifers and a diverse mix of mountain brush. The property is nestled between scenic cliff faces. A small stream runs along the south side of the road as you come into the property.
Acreage:
33.84 acres, more or less
Water Rights:
No water will be sold with this property.
Utilities:
No utilities are located on the property.
Zoning:
Zoning is approved through the Silvan Canyon Estate Subdivision.
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 conducted on this parcel. No significant historical or cultural sites were identified. The property will be sold without any historical or cultural reservations.
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 comments were submitted from the Utah Geological Survey: “Potential geologic hazards in the area that could affect the parcels include landslides and landslide-prone geologic units, rockfall, stream flooding, flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, and 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. UGS has general geologic hazard information available at its offices and online at
http://geology.utah.gov/utahgeo/hazards/index.htm” - The property will be conveyed subject to all valid existing rights.
