Wah Wah Valley South (C-26975-B)
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: 9:30am (MDT), June 1, 2022
Bid End Time for this Parcel:Â 11:30am (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: | $1,200.00 |
| Cultural Resources Survey: | $6,150.00 |
| Legal Advertising Cost: | $600.00 |
| Sale Processing Charge: | $500.00 |
| Application Fee: | $250.00 |
| TOTAL CLOSING COSTS: | $8,700.00 |
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 27 South, Range 14 West, SLB&M
Section 9: Portion North of Highway 21
Location:
The parcel is located in the Wah Wah Valley, 22 miles west of Milford in Beaver County.
Access:
The property is accessed from Highway 21 (aka Ely Highway), which is the southern border of the parcel being sold.
Additional Information:
The parcel is includes lands in Section 9 located north of Highway 21 and is triangular in shape. The vegetation is native dry pasture ground with level topography. There is irrigated cropland nearby. Another smaller property is also being sold which is north of this parcel.
Acreage:
324.72 Acres, More or Less
Water Rights:
None
Utilities:
No utilities are located on the property.
Zoning:
Multiple Use 20
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:
- Predesignation No. 877, issued to Beaver County for North Wah Wah Road for a perpetual term
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified. The property will be sold without any cultural resource reservations.
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:Â “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, wind-blown sand, and indoor radon potential. Prospective users should be aware of the potential hazard 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.
