Spring Canyon (PS 8582)

Spring Canyon (PS 8582)

Auction Date:
October 19 2016
Minimum Bid:
Minimum Acceptable Price is $480,000
SOLD FOR $480,000
County:
Carbon County
Acres:
600.38 Acres, More or Less
General Information

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: $1,800.00
Cultural Resources Survey: $5,000.00
Advertising Costs: $400.00
Processing Costs: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $7,950.00

Legal Description:

Township 13 South, Range 8 East, SLB&M

Section 2:  Lots 1-4, S½N½, N½SE¼, SW¼SE¼, SW¼

Location:

The subject property is located in Spring Canyon, approximately 7 miles northwest of Helper, Utah and 8 miles southeast of Scofield Reservoir.

Access:

There a county road which terminates approximately 0.6 miles to the west of the subject property. From the terminus of the county road, there is an unimproved private road which provides access to the subject property across an adjacent landowner’s property. The Trust Lands Administration holds a perpetual access easement across the adjacent property which is transferable to the purchaser.  Interested parties should contact the agency for further details on the terms of the access easement.

Acreage:

600.38 acres, more or less

Water:

It was previously indicated that Water Right No. 91-2528 would be conveyed with the property.  It has come to our attention that this water right is not located on the property, therefore it will not be included in the sale.

Interested parties should contact the Utah Division of Water Rights for more information.

Utilities:

No utilities are present on the property. Although power is located approximately one mile to the southwest, the surrounding privately owned lands are encumbered by a conservation easement which strictly limits the construction of new utilities on those lands. Interested parties should contact the Utah Division of Wildlife Resources for more information regarding the conservation easement.

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 is bordered by privately owned lands to the north, east and west, and federal (BLM) lands to the south.

The property consists of varying topography with level areas, gradual sloping, and steep sloping areas. Elevation ranges from 7,650 feet to 8,650 feet. The level areas are situated in the canyon bottom, with the majority of the parcel consisting of hilly and steep slopes. The property is vegetated with primarily natural grasses, sage brush, and a mixture of pine trees, several stands of aspen trees, pinion juniper trees, and scrub oak.

This a beautiful property featuring mountainous terrain with great big game hunting and outdoor recreation potential.

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.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. Easement No. 1988 for road purposes, granted to Rick Gatherum for a perpetual term.
  2. Grazing Permit No. 23379 to Rick Gatherum.  The property will be deleted from this permit upon sale.
Disclosure and Contact

Disclosures:

  1. Please see the auction page for general disclosures and auction procedure information which pertains to all properties being offered at the auction.
  2. The property will be conveyed subject to all valid existing rights.
  3. A cultural resource survey was conducted on the subject property.  Some significant sites were located.  The property will be sold subject to the site(s) which were identified.
  4. All minerals, including the sand and gravel are reserved to Trust Lands Administration.
  5. The Utah Geological Survey provided the following comment:  “Potential geologic hazards in the area that could affect the property may include flash flooding, debris flow, rockfall, shallow groundwater and/or bedrock, 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.  The Utah State Geological Survey has general geologic hazards information available at our offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.”
  6. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

Chris Fausett
Resource Specialist
chrisfausett@utah.gov
(801) 538-5139

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

more info

Spring Canyon 02

Nice level area at the mouth of a side canyon located near the center of the property.

Spring Canyon 03

Stockwater impoundment area in the canyon bottom near the northern property boundary.

Spring Canyon 04

Access road in canyon bottom traversing one of the aspen stands located on the property.

Spring Canyon 01

View from the northwest corner of the property looking down the canyon in a southeasterly direction.

maps

PS8582