Virgin Corridor (C-26769)

Virgin Corridor (C-26769)

Auction Date:
October 24 2018
Minimum Bid:
Minimum Acceptable Price is Disclosed at $1,260,000
NOT SOLD
County:
Washington County
Acres:
240.00 Acres, More or Less
General Information

CLOSING COSTS:

These costs cannot be financed and are in addition to the 25% down payment.  All closing costs are due from the prevailing bidder at the auction.

Appraisal Costs: $1,750.00
Cultural Resources Survey: $8,400.00
Legal Advertising Cost: $550.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $11,450.00

Beneficiary:

Public Schools

Legal Description:

Township 41 South, Range 11 West, SLB&M
Section 32: NE4, N2NW4

Video:

Location:

The property is located in eastern Washington County, 4 miles southeast of Virgin, Utah.

Access:

There is public access to the parcel on an existing SR9 (Zion Park Scenic Byway) which bisects a corner of the parcel.

Other:

This parcel is non-irrigated varied terrain with small brush and grasses common to the area.  Parcel has steep slopes and undulating terrain with small flatland areas to the North East.

Acreage:

240.00 Acres, More or Less

Water:

There are no known water rights included with the property.  Contact the Washington County Water Conservancy District at (435) 673-3617 for information regarding the potential for water development on the property.

Utilities:

There is no known power to the property.  Any potential hookup to power would require consultation with and authorization from Rocky Mountain Power Company.

Zoning:

A-5 and A-20 (Agriculture).  Contact Washington County for information on permitted uses and any potential zoning restrictions.

Financing:

Financing will be offered for this parcel.  A down payment of 25% and closing costs will be due at the auction.  The remaining balance can be financed at a variable rate of prime plus 2.5% for up to a 20 year term.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. ESMT 194, issued to UDOT for SR9 (Zion Park Scenic Byway)
  2. GP 21644-16, issued to JBL Ranches, LTD – This property will be deleted from the grazing permit upon sale of the property.

Cultural Resource Covenant:

A cultural resource review was conducted on the subject property.  No significant sites were identified.

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. All mineral rights and sand and gravel rights will be reserved.
  3. The property will be conveyed subject to all valid existing rights.
  4. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

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

Tracie Wilson
Office Specialist
traciewilson@utah.gov
(435) 652-2950

Kyle Pasley
Deputy Assistant Director
kylepasley@utah.gov
(435) 652-2950

more info

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