Yuba Lake (PS 8550)

Yuba Lake (PS 8550)

Auction Date:
October 30 2014
Minimum Bid:
Minimum Acceptable Price is Disclosed at $24,000.00 – SOLD FOR $41,000.00
County:
Juab County
Acres:
40.00 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: $2,400.00
Cultural Resources Survey: $5,000.00
Legal Advertising Cost: $   200.00
Sale Processing Charge: $   500.00
Application Fee: $   250.00
TOTAL CLOSING COSTS: $8,350.00

Legal Description:

Township 17 South, Range 2 West, SLB&M

Section 1:  SW¼NW¼

Location:

This parcel is located in Juab County by Yuba Reservoir.  It is bordered primarily by private land, and public lands on the southwest corner.

Access:

There is access to the subject property from the Old Yuba Dam Road, a paved Juab County road, which bisects the subject property.

Acreage:

40.00 acres, more or less

Water:

There are no water rights associated with this property.

Utilities:

None.  There is an electric power line that leads to an adjoining property.  Prospective purchasers should consult with the electric power utility company regarding capacity of the existing power line and availability of power to the site, and the costs to extend power to the subject property.  Any potential power line extension will likely require an easement from the affected private landowner(s).

Zoning:

Contact Juab County Planning Department, 160 N. Main, Nephi, UT 84648 for zoning information.

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 a 20 year term.

Encumbrances

Mineral Leases:

None

Surface Leases:

  1. Grazing Permit No. 22259 to Barry Monroe.  The property will be deleted from this permit upon sale.
  2. Easement No. 1935, issued to Juab County for roads.
  3. Predesignation No. 759, issued to Juab County for roads which qualify as valid existing rights of way.
  4. The property will be conveyed subject to all valid existing rights.
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. The Utah Geological Survey commented that it had reviewed this parcel and indicated that “Potential geologic hazards in the area that could affect the property may include: earthquake hazards associated with Quaternary faults including surface rupture, ground shaking, and liquefaction/lateral spread, problem soils including shrink/swell and/or collapsible, flashing flooding, shallow bedrock and/or groundwater, and moderate to high 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 our offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.
  3. A cultural resource survey was conducted on the subject property.  Some significant sites were identified.  This parcel will be sold subject to those sites.  Specific information regarding the sites will be available at the auction or can be obtained by calling our office.
  4. All minerals and sand and gravel are reserved to Trust Lands Administration.
  5. Other disclosures, if any, will be announced at the auction.

Contact for Additional Information:

Gary Bagley
Resource Specialist
garybagley@utah.gov
(801) 538-5164

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

more info
PS 8550 - Yuba 2

View from the West Side of the County Road

 

 

 

maps

PS8550