THIS IS A COMPLETED SALE
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8/5 JOHN C. FORTNEY AUCTION
Listing ID#: 520207
Sale Location |
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Covington, OK 73730 |
Sale Dates and Times |
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Friday Aug 5, 2022 Completed |
Sale Type |
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Live with Online Auction VIEW ONLINE CATALOG |
Company Information |
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Lippard Auctioneers, Inc. Phone: 580-237-7174 Email: angie7174@gmail.com Website: www.lippardauctions.com/home/ EstateSale.com ID#: 9595 View company information and listings |
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Listing Terms and Conditions |
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Internet Bidding: will be available by logging on to www.lippardauctions.com to register. Neither the auction company nor the seller is responsible in the event of loss of internet signal by either side.
Wind Lease: Seller is retaining all wind lease income to maturity of each current lease. Land owner will retain any surface damages. Pre-Auction Offers: no pre-auction offers will be accepted prior to auction day. Pre-Viewing Land: can be done during daylight hours only. Terms on land: 10% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. Terms on Minerals: 10% of the total purchase price is to be placed in escrow the day of the auction with balance due at closing. A Mineral Quit Claim Deed will be provided at closing. No abstract will be provided. Buyers will have 30 days to do their due diligence and submit any objections in writing. Disclaimer: All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company nor the seller. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction shall supersede all advertising or comments. SELLER: JOHN C. FORTNEY |
Listing Information |
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432± ACRES * GARFIELD COUNTY, OKLAHOMA * COVINGTON AREA * MINERALS * CROPLAND * PASTURE * HUNTING * RECREATIONAL * POND
JOHN C. FORTNEY AUCTION
FRIDAY AUGUST 5TH 10:00AM
AUCTION LOCATION: 209 N. 2ND Covington, Oklahoma (Covington Fire Department) (all tracts will be sold from this location)
MINERALS will be removed from this auction till we get more info. Some corrections will be made.
TRACT 1
NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. (160 acres) Surface Rights Only
Directions to Farm: From Covington, OK. Hwy 74 & 164, go approximately 3 miles east on Hwy164 to Knox Rd, then ½ mile south. Watch for signs.
Taxes: $671.00
Description: This tract consists of approximately 160 acres more or less. According to the county FSA office there is 106.69 DCP cropland acres with a 100.0-acre wheat base and a 33- bushel yield. Balance of the farm consists of grass pasture and timber. Good county gravel road access on north and west. There is perimeter fence on the south and east. Principal soils are: Bethany Silt Loam, 0-1% slopes, class II; Kirkland-Renfrow complex, 1-3% slopes, class III; Renthin-Masham complex, 3-5% slopes, class III
Possession: will be given after the harvest of the existing crop
Wind Lease: There is a current wind lease on this property. Seller is retaining all income till maturity of existing lease.
TRACT 2
NE/4 of 6-20N-3 W.I.M. Garfield Co. OK. (112 acres) Surface Rights Only
Directions to Farm: From Covington, OK. Hwy 74 & 164 go 4 miles south on Hwy 74 to Lucien Rd, then 1.5 miles east
Taxes: $299.00
Description: This tract consists of approximately 112 acres more or less. According to the county FSA office there is 52.09 DCP cropland acres with a 52.09- acre wheat base and a 33- bushel yield. Balance of the farm consists of grass pasture, pond and timber. Principal soils are: Kirkland-Renfrow complex, 1-3% slopes, class III; Renthin-Masham complex, 3-5% slopes, class III; Grainola, Ashport and Grant soils, 0-20% slopes, class VI; Grainola-Masham Ironmound complex, 5-12% slopes, class VI. This property offers good hunting and possibly fishing.
Possession: will be given after the harvest of the existing crop
Wind Lease: There is a current wind lease on this property. Seller is retaining all income till maturity of existing lease.
TRACT 3
NE/4 of 29-21N-3 W.I.M. Garfield Co. OK. (160 acres) Surface Rights Only
Directions to Farm: From Covington, OK. Hwy 74 & 164, go approximately 3 miles east on Hwy164 to Knox Rd, then ½ mile south. Watch for signs.
Taxes: $749.00
Description: This tract consists of approximately 160 acres more or less. According to the county FSA office there is 148 DCP cropland acres with a 134.51- acre wheat base and a 33- bushel yield. Balance of the farm consists of grass pasture and timber. Good county gravel road access on the north and east. There is perimeter fence on the south and west. Principal soils are: Kirkland Silt Loam, 0-1% slopes, class II; Kirkland-Renfrow complex, 1-3% slopes, class III; Renthin-Masham complex, 3-5% slopes, class III
Possession: will be given after the harvest of the existing crop
Wind Lease: There is a current wind lease on this property. Seller is retaining all income till maturity of existing lease.
TRACT 4
NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. (112 acres) Mineral Rights Only
Hornet 1 6H/Edwards 2920 (minerals under Tract 2)
Total Annual Revenue $11,372
TRACT 5
NE/4 of 29-21N-3 W.I.M. Garfield Co. OK. (160 acres) Mineral Rights Only
Chloe 31-6 (minerals under Tract 3)
Total Annual Revenue $15,768.00
TRACT 6
SE/4 of 28-22N-3 W.I.M. Garfield Co. OK. (160 acres) Mineral Rights Only
160 acres, no current lease
Internet Bidding: will be available by logging on to www.lippardauctions.com to register. Neither the auction company nor the seller is responsible in the event of loss of internet signal by either side.
Wind Lease: Seller is retaining all wind lease income to maturity of each current lease. Land owner will retain any surface damages.
Internet Bidding: will be available by logging on to www.lippardauctions.com to register. Neither the auction company nor the seller is responsible in the event of loss of internet signal by either side.
Wind Lease: Seller is retaining all wind lease income to maturity of each current lease. Land owner will retain any surface damages.
Pre-Auction Offers: no pre-auction offers will be accepted prior to auction day.
Pre-Viewing Land: can be done during daylight hours only.
Terms on land: 10% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title.
Terms on Minerals: 10% of the total purchase price is to be placed in escrow the day of the auction with balance due at closing. A Mineral Quit Claim Deed will be provided at closing. No abstract will be provided. Buyers will have 30 days to do their due diligence and submit any objections in writing.
Disclaimer: All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company nor the seller. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction shall supersede all advertising or comments.
SELLER: JOHN C. FORTNEY 1 NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. TRACT 1 NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. (160 acres) Surface Rights Only Directions to Farm: From Covington, OK. Hwy 74 & 164, go approximately 3 miles east on Hwy164 to Knox Rd, then ½ mile south. Watch for signs. Taxes: $671.00 Description... 2 NE/4 of 6-20N-3 W.I.M. Garfield Co. OK. (112 acre) TRACT 2 NE/4 of 6-20N-3 W.I.M. Garfield Co. OK. (112 acres) Surface Rights Only Directions to Farm: From Covington, OK. Hwy 74 & 164 go 4 miles south on Hwy 74 to Lucien Rd, then 1.5 miles east Taxes: $299.00 Description: This tract consists of appro... 3 NE/4 of 29-21N-3 W.I.M. Garfield Co. OK. TRACT 3 NE/4 of 29-21N-3 W.I.M. Garfield Co. OK. (160 acres) Surface Rights Only Directions to Farm: From Covington, OK. Hwy 74 & 164, go approximately 3 miles east on Hwy164 to Knox Rd, then ½ mile south. Watch for signs. Taxes: $749.00 Description... 4 NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. Minerals TRACT 4 NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. (112 acres) Mineral Rights Only Hornet 1 6H/Edwards 2920 (minerals under Tract 2) Total Annual Revenue $11,372 5 NE/4 of 29-21N-3 W.I.M. Garfield Co. OK. Mineral NE/4 of 29-21N-3 W.I.M. Garfield Co. OK. (160 acres) Mineral Rights Only Chloe 31-6 (minerals under Tract 3) Total Annual Revenue $15,768.00 6 SE/4 of 28-22N-3 W.I.M. Garfield Co. OK. Mineral SE/4 of 28-22N-3 W.I.M. Garfield Co. OK. (160 acres) Mineral Rights Only 160 acres, no current lease |
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