Auction: Mih Trust – Premium Neosho Valley Cropland- 475 +/- Acres – 12/18/2023
Ladies and Gentlemen, Vaughn-Roth Land Brokers is privileged to present this real estate that is of the highest caliber on behalf of the Mariam L. Mih Trust. This property represents one of the rarest and finest Neosho Valley offerings to the public market in recent memory with a quality that will satisfy the most discerning of buyers. In addition to the self-evident excellence of this parcel, there’s also a heartwarming story to go along with it. Mariam Mih served as a highly respected educator, advisor, and Board of Trustees member at Neosho County Community College for 40 years. It was her wishes that proceeds from the sale of this property would benefit the Foundation of Neosho County Community College. This is a striking testament to a wonderful lady who gave so much of her time and care to Neosho County throughout her career and will continue to do so with the sale of this prime real estate.
This live auction will be held on Monday, December 18th at 6:00 P.M. within the Cleaver Room at the Student Union of Neosho County Community College in Chanute, Kansas. The address of Neosho County Community College is 800 W. 14th Street in Chanute.
Situated just across the Neosho River from the revitalized and bustling burb of Humboldt, Kansas, this tract spans 475 acres more or less and will appeal to the progressive ag operator or the investor who believes in adding only top-shelf cropland to their holdings. This fertile and efficient property features 419.64 acres of cropland according to FSA records with the majority of the balance in hardwood timber flanking Owl Creek that bisects the southern boundary. The premium soil types are headlined by ultra-fertile and mellow Class 1 Mason Silt Loam in addition to Verdigris Silt Loam and Osage Silty Clay Loam. These are the soil types that prove their mettle in years of drought when upland soils falter. Please find the soil map for your review in the “Related Documents” tab.
For those searching for recreational attributes to complement the obvious agricultural appeal, there’s plenty to like here. Owl Creek meanders through the southern portion of the property with mature timber surrounding it. This is a natural corridor for the Whitetails that inhabit the area that is within a region well known for producing big Kansas bucks. If you aren’t interested in hunting the property yourself but are looking for additional return on investment, the property has been leased for hunting in recent years and the hunting tenant is interested in continuing the lease if desired by the Buyer. The current hunting lease expires after the conclusion of the 2023 deer season.
Please call Broker Cameron Roth at 785-917-0867 to set up a tour of this excellent offering. Come to the auction prepared to buy. If you’re investing in land, invest in the best! This may be your only chance to acquire real estate of such exceptional quality in your lifetime!
Driving Directions: From Humboldt, take Bridge St. west out of town and the property begins approximately 1,300 ft west of the Neosho River Bridge. Look for the signs!
Brief Legal: A tract containing 475 +/- acres in 5-26-18 AND 8-26-18, Allen County, Kansas.
Closing: On or before 1/23/24.
Possession: The farm tenant shall have the right to harvest the 2023 planted corn crop. The farm tenant shall have until March 1st, 2024 to harvest said corn crop. Full possession of the tillable portions shall transfer after harvest of the 2023 corn crop or on March 1st, 2024, whichever comes first. The subject real estate also sells subject to a hunting lease that expires on January 1st, 2024. The Seller shall retain all proceeds of the 2023 tillable and hunting leases. There are portions of the levee around this property that are in need of repair. There’s a cropfield on the neighboring property to the west that is accessed across the subject real estate being sold and there’s cropland on the subject real estate being sold that is accessed across the same neighboring property.
Minerals: The Seller’s mineral interest transfers to the Buyer.
Earnest Money: $200,000 due on the day of auction.
Property Taxes: $6,956.94