97240 E 96th Avenue Pending

Fort Morgan,CO 80107

$ 1625000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 4296525

Annual Tax Amount $4,738

Tax Year 2021

Lot Size 1920.000 Acres

Property Description

ACREAGE: 1,920 +/- Total Acres (per Adams County Assessor) there is no current survey of the Property. 1,413.10 acres is enrolled into the Conservation Reserve Program (CRP), 295 +/- acres is fenced for pasture and 212 +/- acres in the creek bottom is cut for hay..

IMPROVEMENTS: 40? x 70? round top quonset with cement floor. 2-10,000 bushel grain bins with cement cones.

CRP INCOME: Property is enrolled in the Conservation Reserve Program expiring 9/30/2030. Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00.

PASTURE RENT: Owner has historically leased the 295 acres grass and 212 acres creek bottom for approx. $4,000 per year depending on rainfall however it is not leased this year due to the extreme drought conditions.

WIND INCOME: The Property is leased to NextEra Energy for a period of 8 years for the potential of commercial wind towers at an annual lease payment year 1-5 is $3.00/acre or $5,760 and years 6-8 is $5.00/acre or $9,600.00 per year. If developed, potentially one tower per 160+/- acres paying $15,000 per year. Development of the project would allow for the CRP program, farming or grazing to continue.

WATER: Stock well 289177 located in the NW1/4 SW1/4 of Section 22 drilled in August of 2014 is 40 feet deep and producing good stock water. Additional wells would run about $15,000 per well.

MINERALS: Property includes minerals if full price offer, otherwise minerals are negotiable.

TAXES: 2021 taxes are $4,738 or $2.47 per acre.

NOTE: The information contained herein is reliable but not guaranteed by Seller or Broker. This offer is Subject to error, prior sale or withdrawal. Broker is a Transaction (neutral) Broker.

Location

State CO

County Adams

Zoning A3 Agricultural

Building

Sewer Septic Tank

Water Well

Schools

School District Woodlin R-104

Others

Acceptable Financing 1031 Exchange,Cash,Conventional,Owner Will Carry,USDA Loan

Listing Terms 1031 Exchange,Cash,Conventional,Owner Will Carry,USDA Loan

Special Listing Condition None

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