ANDREW COUNTY, MO LAND AUCTION - UNIVERSITY OF MO

Tuesday, May 09, 2023 - 1:00 PM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

LOCATION


Andrew County, Missouri

The farm is located on the outer edge of Cosby, MO, which is approximately 14 miles northeast of St. Joseph, MO or approximately 14 miles southeast of Savannah, MO in Sections 2 & 11 T58N R34W, Monroe Township, Andrew County, MO.

From St. Joseph (intersection of US Hwy 29 & Hwy 169), take Hwy 169 north approximately 4.5 miles, then turn south onto Hwy W for approximately 1.2 miles, then continue east to stay on Hwy O for approximately 3.5 miles. Tracts 1-2 will be on the north side of Hwy O, tract 3 will be on the south side of Hwy O. In Cosby, turn south onto CR 295 for approximately ½ mile, tract 4 will be on the east side of the road, tract 5 will be on the west side of the road.

From Savannah, take Hwy E approximately 3.3 miles east, then turn south onto Hwy D for approximately 5.4 miles, then continue south onto Hwy W for approximately 1.2 miles, then continue east to stay on Hwy O for approximately 3.5 miles. Tracts 1-2 will be on the north side of Hwy O, tract 3 will be on the south side of Hwy O. In Cosby, turn south onto CR 295 for approximately ½ mile, tract 4 will be on the east side of the road, tract 5 will be on the west side of the road.

SELLER


The Curators of the University of Missouri

MANAGED BY


Bill Fretwell (660) 341-7735

Jennifer Wood (217) 257-8812

GENERAL INFORMATION


Farm represents well-maintained highly productive tillable cropland along with exceptional whitetail deer & wild turkey hunting acreage, hardwood timber & excellent building site areas.

SOLD!

TRACT 1 - $3,300 PER ACRE

TRACT 2 - $8,200 PER ACRE

TRACT 3 - $6,900 PER ACRE

TRACT 4 - $13,000 PER ACRE

TRACT 5 - $14,000 PER ACRE

TOTAL - $2,199,020.00

TRACT INFORMATION


Tract 1 - 93.1 Surveyed Acres

  • FSA figures should indicate approximately 4.59 cropland acres
  • Land represents mixed timber and offers premier whitetail deer & wild turkey hunting acreage
  • Soil types: Armstrong, Gara, Ladoga, Colo, Olmitz, Sharpsburg
  • Access from the south by Hwy O

Tract 2 - 67.3 Surveyed Acres

  • FSA figures should indicate approximately 66.43 cropland acres
  • Land represents well-maintained highly productive tillable cropland
  • Soil types: Sharpsburg, Arispe, Lamoni, Armstrong, Ladoga
  • Access from the south by Hwy O

Tract 3 - 16.7 Surveyed Acres

  • FSA figures should indicate approximately 12.44 cropland acres
  • Land represents improved pastureland/hay production & offers prime rural building site
  • Soil types: Lamoni, Colo, Sharpsburg, Shelby
  • Access from the north by Hwy O or from the west by CR 295

Tract 4 - 39.5 Surveyed Acres

  • FSA figures should indicate approximately 35.79 cropland acres
  • Land represents well-maintained highly productive tillable cropland
  • Soil types: Zook, Colo, Olmitz, Shelby
  • Access from the west by CR 295

Tract 5 - 50.8 Surveyed Acres

  • FSA figures should indicate approximately 46.63 cropland acres
  • Land represents well-maintained highly productive tillable cropland
  • Soil types: Zook, Dockery-Quiver
  • Access from the east by CR 295

METHOD & TERMS


A survey has been completed and all tracts will be sold on a price per acre basis, based on the acreages obtained from the completed survey. Tracts 1-5 will be offered through the marketing method of “Buyer's Choice”, whereas the high bidder can purchase (in any order) any or all of tracts 1-5 for their high bid. “Buyer's Choice” auctioning will continue until all 5 tracts have been elected. The tracts will not be offered in their entirety at the conclusion of the auction.

Bidding is NOT subject to financing, appraisal or inspection.

Immediately following the auction, the winning bidder(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to St. Joseph Title LLC, which shall hold the money in escrow until closing.

The balance of the purchase price will be due at closing. Closing will take place on or before June 9, 2023 at St. Joseph Title LLC. Farm will sell free & clear for the 2023 crop year.

The 2023 real estate taxes and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller. Closing costs will be split between the buyer & seller.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

AERIAL TOUR


SURVEY


PLAT MAP


AERIAL MAP


SOIL MAP


Tract 1

Tract 2

Tract 3

Tract 4

Tract 5

SUBJECT PHOTOS


The Curators of the University of Missouri

Representing Attorneys:

Kate Hauber | Stinson LLP

1201 Walnut Street, Suite 2900, Kansas City, MO 64106-2150

Phone: (816) 691-3207 | [email protected]

Steve Wild | University of Missouri System, Office of General Counsel

227 University Hall, Columbia, MO 65211

Phone: (573) 882-7301 | [email protected]

Title Company:

St Joseph Title LLC

3901 Oakland Ave, St. Joseph, MO 64506

Auction Managers:

Bill Fretwell (660) 341-7735

Jennifer Wood (217) 257-8812