Auction

Lake Cruise Holdings, LP (Priddle Family)

April 12, 2024
Ingalls
, Kansas
641+/- Acres
Contract Pending

Auction: Lake Cruise Holdings (Priddle Family) – 641 +/- Acres – Gray County, KS – 4/12/2024

Road N & Road 25, Ingalls, Kansas 66503
641 +/- Acres

Property Description

Vaughn-Roth Land Brokers is honored to represent Lake Cruise Holdings, LP (Priddle Family) with the sale of this Gray County, KS property via online auction. This 641 +/- acre parcel was homesteaded by the ancestors of the owners and has remained in the family for 4 generations! This is a tremendous opportunity to add a productive and reputable irrigated tract to your land portfolio as it may be another 4 generations before it hits the public market again.

Click on the following link to register to bid: https://vaughnroth.hibid.com/catalog/531845/lake-cruise---gray-county---641-----acres---4-12-24

Located west of Ingalls and southeast of Pierceville, this property totals  641 acres more or less and will find substantial interest from the discerning buyer who desires productive tillable without excessive waste. According to the soil map, the majority soil types are Manter fine sandy loam with up to 1% slopes (399.2 acres), Satanta loam with up to 1% slopes (184.7 acres), and Manter fine sandy loam with 1-3% slopes (47.38 acres). Please find the soil map within the “Related Documents” section of this listing on our website.

The 1/2 mile irrigation pivot is an 18 tower Zimmatic with a Fieldwise panel that’s nozzled at 1,500 GPM according to the tenant. The pivot transfers with the property to the buyer. The engines are owned by the tenant and he is open to discussion of selling these to the buyer. According to State records, there are two water rights and two water wells on this tract with one water right numbered 11325 and the other water right numbered 27185. There are two water wells on this tract with the one located in the SW ¼ of the NW ¼ in under water right # 11325, possessing a max rate of 1,570 GPM, not to exceed 498 acre-feet per calendar year. The well in the NW ¼ of the NE ¼ of the SE ¼ is under water right # 27185 and has a max rate of 845 GPM, not to exceed 339 acre-feet per calendar year. The total combined authorized quantity of both water rights cannot exceed 544 acre-feet per calendar year. We have also provided well construction and maintenance records from Hydro Resources. Please find copies of the pertinent irrigation information under the “Water Appropriation” and the "Hydro Resources Info" tabs within the “Related Documents” section of this listing on our website.

Please contact the Broker, Cameron Roth at 785-917-0867 with any questions or to set up a tour. If you are looking for a high-level tract of cropland, you’ll want to move this one to the top of your list. These don’t come along often.

This real estate is being offered via online auction that will begin at 12 p.m. on April 8th, 2024 with a dynamic closing to start at 12:00 p.m. on April 12th, 2024.

Legal Description: Section 7, Township 26, Range 30 West of the 6th PM, Gray County, KS. 641 Acres, more or less.

Driving Directions From Pierceville: Take Pierceville Rd south for 5 miles and turn east on Plymell Rd. Proceed 2 miles and the property begins on the south side.

Minerals: The Seller's mineral interests transfer to the Buyer.

Earnest Money: $200,000 due on day of the auction.

Tenancy: Full possession shall transfer to the Buyer after harvest of the currently growing wheat crop and the 2024 corn crop. The Buyer shall receive 1/3rd of the proceeds of said crops less 1/3rd of the expenses. The Tenant is interested in continuing to farm the property in the event the Buyer needs a Tenant.

Possession: Full possession shall transfer to the Buyer after harvest of the currently growing crop.

Closing: On or before May 14th, 2024.

Taxes: 2023 taxes are $9,291.50.

Related Documents

Property Map

Contact Agent

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