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- Loraine McCormick
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1 200 +/- Acres at Internet Auction 200 ACRE TRACT OF PASTURE LAND CLOSE TO CITY LIMITS OF SHERIDAN, WYOMING. Bidding Ends June 25, 2014 at 2:00 pm EST (soft close) Seller: Benjamin C. Reynolds Jody Kane
2 Table of Contents Property Description Terms & Conditions State Map Local Map Aerial Map Contacts City/County Information MLS Sheet Contract Auction Advantages
3 Property Description 200 +/- Acres Close to City Limits 523 Big Goose Road Sheridan, WY Internet Auction ends Wednesday June 25, 2014 at 2pm 200 acre tract of pasture land close to city limits of Sheridan, Wyoming. Public water, electricity and phone available to property line. Rolling hills and spectacular mountain views offer many possibilities for this property in a desirable area. An additional 152 acres are available should a buyer want a larger parcel. Not in a subdivision and no covenants. Seller to provide survey. Excellent Potential PASTURE LAND ROLLING HILLS MOUNTAIN VIEWS CLOSE TO TOWN DEVELOPEMENT POTENTIAL UTILITIES TO PROPERTY LINE WILD LIFE HOBBY FARM/RANCH
4 Terms and Conditions TERMS & CONDITIONS Wyoming Real Estate Auction 523 Big Goose Road Sheridan, WY Legal Description 200 Acres out of 352-acre tract shown on Exhibit Ø The property will be sold at Public Online Only - Internet Auction, ending Wednesday, June 25, 2014 at 2:00pm MDT (soft close) Ø The property will be sold Absolute with no reserve, regardless of price. Ø Property sells as-is with no warranties expressed or implied Ø The auction is Subject to prior sale (the property can be purchased prior to the end of the auction) Ø The seller reserves the right to cancel the auction at any time prior to the final bid closing Ø Buyers Premium o An 11% buyer s premium will be added to the final bid and charged to the buyer, the final bid plus the 11% buyer s premium will establish the final sales price. Ø A 15% down payment must be paid by the successful bidder by direct wire transfer by 12:00 NOON Thursday, June 26, 2014 payable to Wolf Creek Realty Sales Trust account. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before end of business July 25, o A promissory note will be signed along with the down payment. Ø Final closing is NOT contingent upon financing. Ø The property will be conveyed by a General Warranty Deed Ø The seller agrees to furnish buyer(s) with a preliminary title search. Ø The buyer is responsible for the owner s policy of Title Insurance at closing if needed. Ø Real Estate Taxes: the taxes will be prorated to the day of closing. Ø Closing: o Closing shall take place at the office of: Sheridan County Title Insurance Agency, 23 South Main Street, Sheridan, Wy., o Closing fee will be paid by the buyer. o Closing will be held on or before end of business on July 25, Ø Possession will be granted at final closing. Ø The successful Bidder shall execute an Auction Real Estate Sales Contract for the property immediately after being declared the Successful Bidder by the Auctioneer. Ø Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property. o Further; Property sells as-is with no warranties expressed or implied Ø United Country Wolf Creek Realty and their representatives are exclusive agents of the Seller. Ø All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. Ø All marketing and PIP information was gathered from reliable sources and is believed to be correct as of the date published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on ad are for representation purposes only. Its accuracy
5 Terms and Conditions is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information. SALE SITE: Internet Only VIEWING INSTRUCTIONS: Vacant Land - by appointment only The viewing of the property will be at the viewer s own risk the Seller, Auctioneer nor the Listing Agency be held responsible for accidents. For questions call Jody Kane at United Country Wolf Creek Realty (307) or Jimmie Dean Coffey at United Country Coffey Realty & Auction (812) office (812) cell I do hereby agree to these Auction Terms & Conditions. Buyer Buyer
6 State Map Sheridan
7 Local Map 5.1 Miles from Sheridan, Wyoming 109 Miles from Gillette, Wyoming 134 Miles from Billings, Montana 204 Miles from Yellowstone National Park
8 Aerial Maps
9 Contacts Property Related Contacts Contacts United Country Real Estate - Wolf Creek Realty Jody Kane - Broker/Owner jmkane@bellsouth.net County Assessor (307) Treasurer (307) City Police Department (307) Sheriff Office (307) Chamber of Commerce (307) County Extension Office (307) Economic Development DNR Fish & Wildlife Websites of interest
10 City/County Information Sheridan Wyoming Sheridan provides history with a view, from its authentic Main Street lined with historic buildings to the Landmark Historic Sheridan Inn where Buffalo Bill once auditioned acts, to the magnificent backdrop of the Bighorn Mountains. The Historic Main Street District offers Old West appeal in a modern setting for a charming window on the past and future. Home to over 46 buildings on the National Register of Historic Places, the downtown comes alive with its unique specialty shops, from antiques to cowboy memorabilia to intriguing boutiques and galleries, as well as delightful historic trolley or walking tours. Embrace the West while exploring a mansion and museums, or relax in Kendrick Park where the buffalo and elk roam. Enjoy lively entertainment with weekly rodeos and polo, theater performances or a stop at the legendary Mint Bar. Lodging and dining options call to individuals and groups of any size. And if in need, just ask... and then embrace the warm, western hospitality. One of Wyoming s jewels, Sheridan s fabled western history and dramatic mountain vistas meet New West comfort and the serenity of wide open spaces. The Sheridan area was the last, most-prized hunting ground of the Plains Indians center-stage for the culture clash that erupted on thegreat Plainsin the late 1800 s. The Bloody Bozeman Trail passed just west of Sheridan, with the infamous Little Bighorn battle 90 miles north. Or step farther back in time with the ancient and complex geology reaching back billions of years. Visit the T-Rex Natural History Museum in Ranchester, or dinosaur sites and digs in the Big Horn Basin at Red Gulch Dinosaur Tracksite and Howe Dinosaur Quarry near Shell. You can have it all, finding unlimited, easy-to-access recreation in the still pristine Bighorn Mountains. Hike, bike, camp, boat, rock climb or photograph the wildlife and scenery, or catch a hunting season in these golden hills. Encounter tranquil, secluded streams and some of the finest fishing around in the Bighorn National Forest s 180,000 acres of wilderness. Enjoy rodeos and polo with weekly events all summer, featuring the Sheridan WYO PRCA Rodeo, Don King Days Old West Rodeo and many others. Or watch polo where both horse and rider make fast-paced entertainment. Or playwyoming s golf capital where championship golf is the norm at four courses within a 35-mile radius. For more introspective moments, Sheridan offers a cultural center for the region home and inspiration to hundreds of local artisans. Or just ride the range for intriguing day trips. Whatever you are looking for to Embrace the West, it is all right here... All conveniently located adjacent to I-90 in northeast Wyoming, on historic routes midway between Yellowstone National Park & Mt. Rushmore National Monument! Information from
11 MLS Sheet flexmls 5/22/14, 4:35 PM Default view Brought to you by United Country-Wolf Creek Realty 1 Property 1 Price / Status / MLS # Property Type List Price $900,000 Ranch - Land 900, Big Goose Road Sheridan, WY Expired / Information is deemed to be reliable, but is not guaranteed MLS and FBS. Prepared by Wolf Creek Realty, United Country-Wolf Creek Realty on Thursday, May 22, :33 PM. Page 1 of 4
12 MLS Sheet flexmls 5/22/14, 4:35 PM 523 Big Goose Road Sheridan, WY Ranch - Land Expired $900,000 Provided as a courtesy of Wolf Creek Realty, United Country-Wolf Creek Realty 1082 Soldier Creek Rd Wolf, WY Office - (307) cell phone - (307) jmkane@bellsouth.net Owner: Benjamin C. Reynolds Agent Owned: N Sign on Property: N Old List Number: Acres: Elem Sch: School District #2 JH/Mdl Sch: School District #2 High Sch: School District #2 Section: 11 &12 Township: 55N Range: 85W Subdivision: None Mls Area: County Zoning: AG Total Taxes: Tax Yr: 2011 Bonus: BA: Y BA Comm: 2.50 BA Dual/Var Rate: Y SA: N SA Comm: 0 SA Dual/Var Rate: N Non-Agent: Y NA Comm: 2.50 NA Dual/Var Rate: Y Customer: Y Customer Comm: 2.5 Cust Dual/Var Rate: Y Approved by MLS: Yes Foreclos/Bankowned: N/A Directions: Head west on Loucks (HWY 331) and turn south on Saddle View Ln. then turn left on Horseshoe Land and follow it to the end. Property entrance is at the metal gate. Private Description: SCTIA - Earnest Money Holder and Title Company Public Comments: 352-acres of unspoiled ranch land minutes west of Sheridan in the beautiful Big Goose Valley. Magnificent views of the Big Horn Mountain, SAWS water and natural gas availability, plus plenty of grass and grazing for your livestock make this a perfect property for anyone looking large acreage ranch land close to Sheridan. Plus, let's not leave out the great development potential this property possesses. Legal Description: Lengthy - See Documents Water Type: None Sewer Type: None Rights: Mineral Rights: No; Water Rights: No Ranch Type: Cattle Ranch; Horse Ranch; Pasture County: Sheridan Road Surface: Gravel Pasture Acres: Pasture Acres: 352 Dry Acres: Dry Acres: 352 Animal Units: Animal Units: 12 Topography: Topography Property Features: Fence; Mountain View; Reservoir Acceptable Financing: Cash Closing Company Fees: Closing Company Fee: 50/50 Disclosures: Property Condition: No; Survey: Yes Showing Instructions: Confirm Appt Only; ListAgntMustBePresnt Begin : 04/06/2012 Days On Market: 389 List Price: 900,000 Original List Price: 900,000 Back on Market : 05/08/2012 Status Change : 04/30/2013 LA: Galen Chase; (307) ; galen@chasebrothersproperties.com LO: Chase Brothers Properties, LLC; info@chasebrothersproperties.com CLA: John Chase; john@chasebrothersproperties.com Information is deemed to be reliable, but is not guaranteed MLS and FBS. Prepared by Wolf Creek Realty, United Country-Wolf Creek Realty on Thursday, May 22, :33 PM. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Page 2 of 4
13 MLS Sheet flexmls 5/22/14, 4:35 PM Photo sheet 523 Big Goose Road Sheridan, WY Ad Pic Reservoir Big Goose Canyon View View of the Peaks Pasture Property View Page 3 of 4
14 MLS Sheet flexmls 5/22/14, 4:35 PM View to the north of Sheridan 2nd Reservoir Mountain View Mountain View Page 4 of 4
15 Contract REAL ESTATE AUCTION PURCHASE CONTRACT This Contract of sale made and entered this 25th day of June 2014, by and between Ben Reynolds hereinafter called the Seller(s) and hereinafter called the Buyer(s): The Buyer hereby agrees to purchase, the Seller hereby agrees to sell this property in As is condition (except conditions stated in statement of sale and Terms & Conditions) Located at and commonly known as: 523 Big Goose Road in the City of Sheridan, County of, and State of Wyoming. Legally described as: 200 Acres out of 352-acre tract shown on Exhibit Buyer herewith agrees to deposit with Wolf Creek Realty Sales, 15 % of the Purchase Price, as a non-refundable earnest money deposit, and the balance of the purchase price will be due on delivery of clear title. Seller(s) agrees to furnish a General Warranty Deed with insurable title. Free from all encumbrances, and an Owners Title Insurance Policy at closing. If the seller is unable to convey clear and marketable title the buyer s down payment can be refunded. Seller will furnish the buyer with a Preliminary Title Search. Real Estate Taxes: Will be pro-rated to date of closing. Closing shall take place on or before July 25, 2014 and shall take place at the office of Sheridan County Title Insurance Agency, 23 South Main Street, Sheridan, Wy., The buyer is responsible for the owner s policy of Title Insurance at closing. Possession is to be given day of final closing. Buyer agrees to pay all cost of obtaining a loan to include preparing and recording Deed & note, Title Opinion if desired. Title is to be conveyed subject to all restrictions, easement and covenants of record, subject to zoning ordinance or laws of any governmental authority. These premises are to be in the same condition as they are as of the date of this contract, ordinary wear and tear excepted. Seller is expected to bear risk of loss through the date of deed. In the event the premises are wholly or partially destroyed before the consummation of the transaction or delivery of the final papers, the Buyer shall elect or choose whether or not he will go through with the transactions, and in the event he chooses to go through with it, all insurance damages collectible as a result of the damage or destruction shall be assigned to him, the Buyer. If he chooses not to go through with the transaction, any earnest money held in escrow will be refunded in full.
16 Contract Time being of the essence of this agreement, if the Buyer shall fail or refuse to perform this agreement of Buyer s part, and the Seller shall be ready and willing to perform, the Seller shall be entitled to retain the entire down payment / earnest money as liquidated damages for the breach of this agreement. All successful bidders will be required to sign a note for the deposit amount. Note shall become null and void when undersigned shall complete all requirements for closing as set out in this contract. Per the terms & conditions as contained herein and announced in statement of sale, the property sells as shown below. This contract is subject to clearance of any check presented to United Country Wolf Creek Realty payable to Wolf Creek Realty Sales Trust account. High Bid Selling Price $.00 Plus 11% Buyer s Premium $.00 Total Purchase Price $.00 Less Down Payment $ 15% Total Due at Closing $.00 This offer will expire if not accepted on or before: June 25, 2014 at 5:00pm Purchased By: Buyer Phone Printed Buyer Address: City State Zip Buyer Phone Printed Buyer Address: City State Zip Buyer s Agent Phone Printed Agent Address: City State Zip Names for Deed: Accepted By: Seller Ben Reynolds Printed Seller Time: Printed
17 Contract PROMISSORY NOTE 523 Big Goose Road Sheridan, Wyoming Fifteen Percent June 25, 2014 Amount FOR VALUE RECEIVED, the undersigned promises to pay by wire transfer to the Order of: Wolf Creek Realty Sales 1082 Soldier Creek Rd. Wolf, WY The Sum of Fifteen Percent ($15%), as a deposit for the purchase of real estate described in Contract of even date herewith and attached hereto executed the undersigned, payable at the closing of said Contract. This promissory note shall bear no interest until the date of closing of the Contract; thereafter it shall bear interest at the highest rate allowable by law. This Note shall become null and void if and when the undersigned shall complete all requirements for closing as set out in the attached Contract. If said requirements are not fulfilled this Note shall be fully enforceable at law. If this Note is placed in the hands of an attorney for collection, by suite or otherwise, the undersigned agree to pay all costs of collection and litigation together with a reasonable attorney s fee. Signature, 2014 Signature, 2014
18 Auction Advantages Buyer Benefits Purchase property at fair market value Eliminate sometimes long negotiation periods Reduce time to purchase property Gain confidence as they compete Do not have to worry about contingencies because pur chasing and closing dates are known Feel better about a purchase ± just knowing there is a contending bid just one increment under purchase price Buyers know property owners are motivated to sell Buyers know property owners sell at lowest price pos sible Buyers can receive favorable financing Buyers set their own purchase price
19
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