Straight Hollow – Parcel A (C-27023)

Straight Hollow – Parcel A (C-27023)

Auction Date:
November 15 2022
Minimum Bid:
Minimum Acceptable Price is $43,300.00 NOT SOLD
County:
Emery County
Acres:
80.00 Acres, More or Less
General Information

ONLINE BIDDING INFORMATION:

Bid Start Time for this Parcel: 10:40am MST on November 9, 2022
Bid End Time for this Parcel: 11:40am MST on November 15, 2022

  • For the auction page to view or place a bid, please click here.
  • For step by step instructions to pre-register as a bidder, 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.

Appraisal Costs: $2,000.00
Cultural Resources Survey: $1,350.00
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $4,300.00

Video:

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 20 South, Range 7 East, SLB&M
Section 23: S½SE¼

Location:

The parcel is located near the town of Ferron in Emery County

Access:

The property is accessed from Power Line West Road which runs through the property.

Additional Information:

The rectangular parcel is surrounded on all sides by private lands. Vegetation is predominantly mat saltbrush and Nuttall saltbrush. Elevation across the property has an average of 5,850 and topography is level to rolling with adequate drainage.

Acreage:

80.00 Acres, More or Less

Water Rights:

None

Utilities:

No public utilities extend to the subject property. Electricity is provided throughout the area by Rocky Mountain Power. Telephone services are provide throughout the area by Emery Telcom. Propane is provided by private carriers because this property is outside of any incorporated townsite. Sewer may be disposed of onsite through septic systems approved and monitored by Southeastern Utah District Health Department. Interested buyers are encouraged to do their own due diligence regarding utilities to the subject property.

Zoning:

The property is zoned MG&R-1 (Mining and Grazing). Single family dwellings can be constructed within the MG&R-1 Zone. However, each lot has to have a minimum of 40 acres and must be at least 300 feet wide.

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:

None

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  No significant sites 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 Utah Geological Survey has submitted the following comment:  “Potential geologic hazards in the area that could affect the parcels include 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”
  5. The property will be conveyed subject to all valid existing rights.

Contact for Additional Information:

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

Bryan Torgerson
Resource Specialist
bryantorgerson@utah.gov
(435) 259-7417

more info

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