ELLIS W. HITZING AUCTION - SUCCESSFUL AUCTION - SOLD $642,000

Timed auction by Colorado Land Investments I, LLC

Starts Aug 21, 2018 8:00 AM MDT. Ends Aug 30, 2018 11:00 AM MDT

OVERVIEW:  The “Ellis W. Hitzing Auction” is offering 1607.20 +/- acres of Colorado land for sale at auction. The “Ellis W. Hitzing Auction” property includes 1227.63 +/- acres of pasture and 379.52 +/- acres of dryland. 1227.63 +/- acres is fenced pasture with a new submersible livestock well with a solar pump, 20’ tank and 379.52 +/- cropland acres of wheat stubble. LAND LOCATION:  Located in Cheyenne County, Colorado, this property is located 14.5 miles northwest of Firstview, CO and 29 miles South of Stratton, CO (See map for property location). SIGNS WILL BE POSTED. CROPS:  No growing crops. Grassland has not been grazed in 2018, will make excellent pastureland. The  2018 wheat crop averaged 45 bushels per acre. CLOSING:  Date of closing will be on or before September 27, 2018. POSSESSION:  At closing. REAL ESTATE TAXES:  Seller will pay for 2017 taxes and prior years. Taxes for 2018 will be prorated to the date of closing. (See chart below for 2017 tax amounts) WATER/MINERAL RIGHTS:  Seller to convey all water rights appurtenant to the property and all OWNED mineral rights to the Buyer(s).  Approximately 963.8 mineral acres will convey to Buyer(s). LEGAL DESCRIPTION:  Legal descriptions are subject to existing fence/field boundaries. FSA INFORMATION:   Grassland Acres - 1227.63 & Cropland Acres - 379.52    Tr Auction Acres CL Acres Grass Acres Wheat Base/PLC YLD Corn Base/PLC YLD Total Base 2017 Taxes 1 325.35 118.75 206.6 43.7/36 43.7/61 87.4 $263.24 2 640.67 152.08 488.59 55.95/36 55.95/36 111.9 $212.48 3 641.13 108.69 532.44 40/36 40/61 80 $338.96   Note: Any future FSA payments will follow the crops and will be paid pursuant to FSA regulations. Corn is enrolled in ARC-County and Wheat in PLC.

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