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Randolph County Real Estate Auction

Location: Moberly Inn & Suites, 1200 East Highway 24

Friday February 14th, 2014 at 11am
426 +/- Acres Two Tracts of which 399 Acres currently in hay and pasture. North of Clifton Hill, MO at Hwy 3 & Randolph Co. Rd. 1105. Portions of this farm are virgin soil with native grasses. Ponds, Barns, Pasture currently leased. Tower lease.
Click on thumbnails to see larger photos and descriptions

Historic Randolph County Real Estate Auction, Friday, February 14, 2014 starting at 11:00 AM, Clifton Hill, MO, 426± Acres, 2 Tracts, Hay & Pasture

Auction Location 

Moberly Inn & Suites, 1200 East Highway 24. Moberly, MO  65270
     (at the southeast corner of Hwys. 63 & 24)

 Property Location & Directions    Near Clifton Hill, MO  
From Moberly, MO go west 13 miles on Highway 24 to Highway 3 at Clifton Hill, turn right and go 3/4 mile north to southwest corner of property OR 7 miles east of Salisbury, MO on Highway 24.

 Property Inspection 
You are welcome to inspect the farm at your leisure if weather conditions permit.  Feel free to drive wherever you like.  The current farm tenant has cattle on the property with tenant rights prevailing through March 31, 2014.  Please be cognizant of fences and be sure to close gates.
 

Real Estate
426 +/- Acres in Township 54N, Range 16W, Sections 24, 25 & 26 in Randolph County, MO, offered in two (2) tracts with Highway 3 and Randolph County Road 1105 frontage for great access, rural water available and 399.59 acres cropland according to FSA. All records point to the fact that portions of this farm are virgin soil with native grasses, never having had a plow set upon it.

Tract 1 
 
The west tract consists of 189 acres, it has frontage along Highway 3 on the west and Randolph County Road 1105 on the north.
 
It has a nice pond and a couple barns located in the southwest corner. It is all open and currently in permanent pasture and hay production with exemption of a thin wooded draw.
 
 Tract 2 

 
Is the east side of the farm it consist of 237 acres. It has frontage along the north side of Randolph County Road 1105.
 
It is virtually all open and currently being used for pasture and hay production, the balance is a small thin wooded draw running through it. There are a couple ponds on it.
 
On Tract 2 there is a tower lease on a 420 ft. x 420 ft. piece of property. The lease and it requirements and income will transfer to the new buyer at closing. The tower rent payments are as follows:
 
     Years    1 -   5   $1,500.00/yr.
     Years    6 - 10   $1,570.00/yr.
     Years  11 - 15   $1,653.75/yr.
     Years  16 - 20   $1,736.45/yr.
     Years  21 - 25   $1,823.30/yr.
 
Copies of lease and fee schedule are available for inspection.

The back side of this farm has been terraced.

Terms 
  • Property will sell by the acre, "Choice" with the winning bidder given the option to take either tract or both tracts for the bid price. If the first and lead bidder takes both tracts, the auction is concluded.
  • Sells with confirmation of bid price.
  • Tenant rights will be terminated on March 31, 2014, so new buyers will get all farm rights after April 1, 2014.
  • Seller to pay all 2013 taxes, new buyer responsible for 2014 and all years after that.
  • Title insurance to be paid by the Seller.
  • Closing on or before Monday, March 31, 2014 with possession given on Tuesday, April 1, 2014.
  • A survey will be conducted to write new legals and acreage determination in the event the tracts sell separately and to different buyers. Survey paid by seller.
  • No Buyers Premium at the Auction


 

Refer to the Prospectus below for more information.
 
The current tenant have been running cows on the farm and took the 2013 hay crops off.  The current tenant is interested in submitting a proposal to continue a rental agreement on either tract or the entire farm to row crop, pasture, or hay if the new buyer deems feasible.
 
 
 
 
  Auctioneer's Note  
John has indicated that a portion of this farm goes back in his family five generations to his great grandfather C.V. Lambeth, making it nearly 100 years since it has ever been on the market. This is a once in a lifetime opportunity to purchase this quality property, do not miss it.
 
 
 
 
 Prospectus 
Prospectus Pending
 
 
 
 
 Sellers    Richard & John Young

Click here to see complete sale bill and pictures

Randolph County Real Estate Auction

Ask for Chas Wheeler at

or email Chas Wheeler at [email protected]
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