Warehouse Rock – Parcel B (C-27058-B)

Warehouse Rock – Parcel B (C-27058-B)

Auction Date:
November 15 2022
Minimum Bid:
Minimum Acceptable Price is $82,500.00 SOLD for $93,500.00
County:
Tooele County
Acres:
80.00 Acres, More or Less
General Information

What are trust lands?

Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs.  Trust lands are not public lands, but are generally open for public use, when possible.  Trust lands were allocated specifically to generate revenue to support our beneficiaries.  SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.

ONLINE BIDDING INFORMATION:

Bid Start Time for this Parcel: 11am MST on November 9, 2022
Bid End Time for this Parcel: 12pm 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: $1,125.00
Cultural Resources Survey: $1,760.80
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $3,835.80

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 10 South, Range 9 West, SLB&M
Section 36:  S½SW¼

Location:

The parcel is located in Tooele County – near the Tooele/Juab county line – about 22 miles southwest of Dugway and about 6 miles southeast of the Pony Express Road.

Access:

The property has good access.  From Highway 36, near the town of Faust, head southwest on the Pony Express Road; then southeast on the Old River Bed Road.  The Old River Bed Road runs through the southwest corner of the property.

Additional Information:

The parcel is surrounded by other SITLA lands to the north and east.  The SITLA property to the south is also being offered at this auction.  The property to the west is BLM land.  The terrain is  mostly level with a few small hills on the eastern side.  The vegetation consists of cedar trees, junipers, sage, and native grasses.  The elevation of the parcel is approximately 4,540 to 4,660 feet.

Acreage:

80.00 Acres, More or Less

Water Rights:

None

Utilities:

No utilities are located on the property.

Zoning:

MU-40 (Multiple Use Agricultural)

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:

  1. Mineral Lease No. 54141, issued to SLM, LLC for metalliferous minerals with an expiration date of August 31, 2031

Surface Leases:

  1. Grazing Permit No. 22976-10, issued to Kirt H. Richins (the land sold will be deleted from the permit)
  2. Predesignation No. 766, issued to Tooele County for roads which qualify as valid rights for a perpetual term (Old River Bed Road)
  3. Easement No 2571 will be issued to Tooele County for roads which traverse the property, including Warehouse Rock Road, for a perpetual term

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  No significant sites were identified and the property will be sold without any cultural or historical protective deed covenants.

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 property will be conveyed subject to all valid existing rights.

Contact for Additional Information:

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

more info

(Click on Photos for a Larger View)

(Photos Contain Images of Both C-27058-A and C-27058-B)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

maps

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