This auction will be conducted by Purple Wave-BH Thomas, Beadles-Hamar Auction and Real Estate, Alvin Beadles, Oklahoma broker
Questions regarding real estate should be directed Beadles-Hamar Auction and Real Estate at 405.590.3831.
Each auction has unique terms.
Monday through Friday9:00am to 5:00pm CDT
Saturday10:00am to 3:00pm CDT
We are closed on Sundays.
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Auction date and time
The auction will be held at 1 p.m. CDT on May 14, 2008.
Close of bidding
Internet bidding closes before the auction at 12 p.m..
Cooperation
This auction is being conducted in cooperation with Purple Wave Realty, LLC, Aaron McKee, Kansas broker.
Property location
Located off of US-60, take N3240 Road to Hartford Ave
Auction location
The auction will be held at the property
Auction result
The property sold as a combination for a contract price of $170,500 to live buyer 359.
Ponca City, OK Land
This auction consists of five tracts of prairie land totaling 160 acres m/l, generally described as the NW 1/4 of Section 21, Township 26 North, Range 1 East of the Indian Meridian, Kay County, OK between Ponca City and Tonkawa. Tracts range from 5 acres to over 75 acres and include a homestead, farm land and pecan groves. Seller's mineral rights will be offered separate from the property and currently feature oil production with planned natural gas production. Contact Alvin Beadles at 405.590.3831 for more information on the mineral rights. The property will be offered in multiple tracts, in combinations thereof and in its entirety.
This property features productive farmland, abundant pecan groves and a recently cleaned up homestead. The property is fenced all around with the exception of the homestead and the former railroad right-of-way. The Duck Creek flows past the western edge of the property.
The property will be offered in multiple tracts, in combinations thereof and in its entirety. The property will be sold by the tract, not the acre. Acreages used in promotional and sales materials are a guide and subject to change pending surveys obtained by buyers after the auction.
Tract 1
Tract 1 (lot 2001)
Surface rights only. Tract 1 is comprised of 37.5 acres (+/-) on the northwest corner of the acreage. This tract contains some tillable ground, bermuda grass and pecan trees. The old homestead is located here and the property has access from the north. Great piece for wildlife and hunting.
Tract 2 (lot 2002)
Surface rights only. Tract 2 is comprised of five acres (+/-) located on the northern edge of the acreage. Contains some pecan trees and bermuda grass.
Tract 3 (lot 2003)
Surface rights only. Tract 3 is comprised of 77.5 acres (+/-) located on the eastern half of the acreage. This tract is mostly cropland with access to the property from the north.
Tract 4 (lot 2004)
Surface rights only. Tract 4 is comprised of 20 acres (+/-) located on the southwestern portion of the acreage. Could be a wonderful homesite. Has some cropland. There is an oil access road on this tract. Access is from a county road.
Tract 5 (lot 2005)
Surface rights only. Tract 5 is comprised of 20 acres (+/-) located on the southwest corner of the acreage. This tract could also be a great homesite with access from the west, possibly some bermuda grass and cropland.
Tract 6 mineral rights
Tract 6 (lot 2006)
An undivided one-half present mineral interest and a one-half reversionary mineral interest upon expiration of existing lease rights, all in the NW 1/4 of Section 21, Township 26 North, Range 1 East of the Indian Meridian, Kay County, OK, LESS all mineral interests underlying 8 acres m/l previously subject to a railroad right of way. A Unit Agreement applies to the mineral interests.
Combinations
Combinations will be listed for pre-auction bidding. All combinations will be accepted at the auction. If you would like to bid on a combination of tracts that are not listed please email lucas@purplewave.com and it will be added promptly.
Seller's mineral rights will be offered separate of Seller's surface rights.
If you have any questions about the land, the auction schedule or the multipar method of auctioning please contact Alvin Beadles at 405.590.3831 or email alvin@purplewave.com
160 acres of land in Kay County, OK
Thoroughly read the property information document and familiarize yourself with the properties offered and the auction terms and conditions. If you will require financing, please see a lender for pre-qualification. If you have questions about the terms, conditions or purchase agreement, contact our office and speak with one of the auction staff.
Attend an open house/preview and inspect or drive-by each property in which you are interested. Establish a range of value for the property and bid within your limits. We do not recommend that you bid on a property that you have not seen. There is not an inspection period after the auction.
The deposit listed in the terms is due upon being declared the winning bidder on auction day. The deposit is non-refundable.
When preparing a sealed bid, if offered, read through the property information package. It may contain title information, income/expense statements, surveys, and general property information. It will also completely detail the sealed bid process.
All information about the property has been provided by the seller. All bidders must verify all information to their own satisfaction prior to bidding.
Immediately upon completion of the auction, winning bidders will be required to execute an Auction Contract. Please be prepared to close the transaction within 30 days.
Buying real estate at auction is simple and easy.
Good luck in your bidding!
For the properties located at 160 acres of land in Kay County, OK in Ponca City, OK, to be auctioned on May 14, 2008, a commission will be paid to any properly licensed real estate broker whose buyer is the successful purchaser for this property and who actually closes and pays the total contract sale price for the property. The commission shall be paid as follows:
Three percent commission will be paid on any pre-sale or written opening bid amount shown on the broker participation form, included in this document or available upon request. A one percent commission will be paid on the amount by which the successful high bid at auction, not including the buyer's premium, exceeds the bid amount indicated on the broker participation form.
To earn the buyer broker commission, the participating broker must register his or her bidder by completing the broker participation form in full and must fax, mail, or email it to the auctioneer. The form must be received no later than 24 hours prior to the start of the auction.
Download buyer broker participation form
The form should be sent to
Beadles-Hamar Auction and Real Estate
121 West Broadway
Thomas, OK 73669
abeadles@pldi.net
580.661.3286 fax
