Straight Hollow – Parcel B (C-27024)
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: 9:10am (MDT), June 1, 2022
Bid End Time for this Parcel: 11:10am (MDT), June 7, 2022
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: | $950.00 |
| Cultural Resources Survey: | $1,350.00 |
| Legal Advertising Cost: | $200.00 |
| Sale Processing Charge: | $500.00 |
| Application Fee: | $250.00 |
| TOTAL CLOSING COSTS: | $3,250.00 |
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 21 South, Range 7 East, SLB&M
Section 16: NW¼NE¼
Location:
The parcel is located between the towns of Emery and Ferron in Emery County
Access:
The property currently has no legal access. Interested parties should do their own due diligence regarding access.
Additional Information:
The parcel is surrounded on all sides by private lands. The vegetation is predominantly mat saltbrush and Nuttall saltbrush. The elevation across the property is an average of 5,850 and topography is level to rolling with adequate drainage.
Acreage:
40.00 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.
Mineral Leases:
None
Surface Leases:
- Grazing Permit No. 22948-09, issued to Castle Valley Ranches, LLC (the land sold will be deleted from the permit)
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified.
Disclosures:
- 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.
- All mineral rights will be reserved.
- The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
- 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” - The property will be conveyed subject to all valid existing rights.
