Property Description
AUDREY DEE BENSON ESTATE AUCTION
1279± Deeded acres farmland, CREP/CRP
and Improvments with 24+/- acres
Located in Township 7 South, Range 51 West
TERMS AND CONDITIONS
Bidding to open: March 24 @ 8 AM MTN and shall not end before March 27, 2025 @ 2 PM MTN with soft close. Register to bid at www.rockingxland.hibid.com. Auctioneer recommends registering before opening bidding.
Terms of Sale: 10% down after the auction, with the balance to be paid on or before April 16, 2025. Cashier’s checks or wire are acceptable down payments, with the final payment to be certified funds. The auction company trust account will hold all funds. Bidding shall not be contingent upon financing. Should financing be required, it shall be arranged before the auction. Winning bids shall be subject to the seller’s acceptance.
No Buyer (s) Premium
Manner of Sale: The tracts will be auctioned individually only. The auction procedure and bidding increments are to be determined by the auction company. Soft close at the conclusion of the auction.
Mineral Rights: All owned minerals shall pass with surface rights
Closing: Buyer may close as soon as closing documents are prepared - No later than April 16, 2025.
Closing Agent: Kit Carson County Abstract Co. shall be the closing agent, and the closing location will be 1358 Lowell Ave. Burlington, CO 80807. The closing fee shall be split 50/50.
Crops: The current tenant shall have the right to harvest 2025 Wheat under the current cash lease. Most of the property is currently after crop 2024 stubble. The 2025 CREP/CRP payment shall be prorated to the closing date.
Possession: Upon closing, subject to tenant rights.
Real Estate Taxes: Taxes for 2025 will be prorated to the close date.
Acceptance of Bids: Upon seller acceptance immediately following the auction, each successful bidder must enter a Colorado Real Estate Sales Contract. The contract will be available for review prior to sale.
Evidence of Title: Seller will provide title insurance to the buyer in the amount of the purchase price—premium to be paid by the seller. Title evidence will be provided before the sale. The title shall transfer with a special warranty deed.
Acreages: Acreage figures are considered to be approximate and are from reliable sources based on County Assessed Acres. All FSA information is subject to change. Assessed acres may not be the same as deeded acres. No warranty is expressed or implied as to the exact acreages of the property. All bids are for the tracts without regard to exact acreage. There will be no adjustment in purchase price if the acreage is different from what is stated in this brochure and /or on the auction website. Lot #2 Improvements and surrounding 22+/- acres will be surveyed and platted before the close of the auction.
Inspections: All buyers (bidders) shall be responsible for conducting their own independent assessments and due diligence concerning pertinent facts about the property. Neither the seller nor Rocking X Land Co. Ltd., agents of or representatives, are making any warranties about the property, either expressed or implied. Statements, while not guaranteed, are from reliable sources.
Easements: This sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record, if any.
Estimated 2024 Taxes: $4,245.64 Property Tax plus RRWCD fees of $118.00
Agency: Rocking X Land Co. Ltd., its agents, and its representatives are the exclusive agents of the seller.
Property Details: All located in Township Seven (7) South, Range Fifty-one (51) West
🔹 Lot 1 – 320 Acres (CREP) North half Section 15 GMU#107
- 312.2 CRP Acres ($148.24/acre) – CRP Exp. 2032
- 134.3 Acres Wheat Base & 28.57 Acres Corn Base Subject to CCC-505 CRP Reduction AND RRWCD WATER FEE $118.00
- Taxes: $1,114.00
- Total Payment: $46,281.00 prorated to the date of close
- Additional Bonus Payments of $8,293.34 in 2029/2034
- Primarily, class III soils will be excellent cropland after the CREP contract
🔹 Lot 2 – 22.62 Acres (Improvements) Tract located in the West half of Section 14 GMU#107
- Includes Existing Improvements
- 2-bedroom, 2-bath home built in 1965, totaling 2,712 sq. ft.
- Shop building
- The established windbreak, located in GMU#107 property, would be a good candidate for a hunting camp
- Some CRP will be included with this tract if it is sold separately from lot 3
- Domestic well and septic
- Taxes: TBD
🔹 Lot 3 – 216 Acres (CRP + Dryland) West half Section Fourteen (14) less tract GMU#107
- 73.74 CRP Acres ($31.82/acre) – CRP Exp. 2031 FSA will be remapping with Lot 2
- 90.14 Dryland Acres
- Taxes: $1,457.00
- Total Payment: $2,346.00 Prorated to the date of close
🔹 Lot 4 – 80 Acres South half Southwest Section Eleven (11)
- 79.55 Dryland Acres PLC Wheat 43.72 ac / 39 bu, Corn 46.42 ac / 132 bu.
- Primarily Class Soils
- Taxes: $189.00
🔹 Lot 5 – 320 Acres West half Section Twelve (12) Corn stalks
- 328.75 Dryland Acres PLC Wheat 236.27 ac / 39 bu, 92.47 ac / 132 bu.
- Primarily Class II – VI Soils
- Taxes: $749.00
🔹 Lot 6 – 319 Acres East half Section Three (3) Milo Stalks
- 307.82 Dryland Acres
- Primarily Class VI Soils
- Windmill not currently functional
- Subject to tenant rights
- Taxes: $736.64
- Lot 1 is subject to CCC-505 CRP Reduction & RRWCD Water Fee ($118.00)
- Ideal for investment, farming, or future development
