80 Acres in Lahoma, OK - $160,000

Farm/Estate - Lahoma, OK

NOTE: This is an auction. The above mentioned For Sale price is not an asking price but rather, a SUGGESTED OPENING BID. 240 +/- Total Acres [160 +/- Acres w/ State Hwy 132 Frontage (offered in 2 Tracts) & 80 +/- Acres] | Highly Productive Sm. Grain/Livestock Land w/ Commercial &/or Home Site Development Potential | Lahoma/Drummond Area, Garfield Co., OK RETIREMENT AUCTION Thursday April 17, 2025 10:00 A.M. Auction Location: Spring Hill Suites by Marriott, 5815 KL Dr., Enid, OK (W. of the Walmart on W. Owen K. Garriott Rd.) Farm #1 (160 +/- Acres - Productive Land w/ Development Potential) • Located from the Jct. of US 412 & SH 132 (W. of Enid), 1 mile S. on SH 132 (corner of SH 132 & Rupe Ave.) • 119.71 +/- acres of cropland with a 118.60-acre wheat base & a 50 bu./ac. PLC yield • Principal soil types of the cropland include Pond Creek silt loams, Class I; & Grant silt loams, Classes II & III • Lays level, easily tilled • Balance of land consists of grass pasture, trees, & creek tribute • Improvements include perimeter & cross fences, & windmill & water well (has not been used in years) • Good commercial site potential with major highway frontage, visibility & high traffic count • Home site potential (outstanding rural home, barndo & executive home sites) • Access is by State Hwy 132 along E. side; Rupe Ave. (blacktop road) along N. side Farm #1 - Tracts Offered & Order of Auction Legal Description for Entirety (Tract #3): NE/4 of Sec. 22, Twp. 22N, R8 W.I.M., Garfield Co. OK; Tract #1 (80 +/- Acres): E/2 of the NE/4; Tract #2 (80 +/- Acres): W/2 of the NE/4 Order of Auction: Tracts will be offered individually & together. Farm #2 (80 +/- Acres - Good, Productive Sm. Grain Land) • Located from the Jct. of US 412 & SH 132 (W. of Enid), 1 mile S. on SH 132, then 2 1/4 miles W. on Rupe Rd. • Entire NE/4 has 123.95 acres of cropland (there appears to be approx. 78 acres of cropland on the subject) with a 122.5-acre wheat base & a 38 bu./ac. PLC yield • Principal soil types of the cropland include Grant silt loams, Classes II & III; & Kingfisher-Ironmound complex, Class IV • Balance of the land is in a grassed waterway • Access is by rocked road along the N. side • Be sure to take a look! Legal Description: W/2 of the NE/4 of Sec. 20, Twp. 22N, R8 W.I.M., Garfield Co., OK General Statements '25 Taxes: Will be prorated to the day of closing. Minerals: Do not sell. Possession: Possession is to be given upon payment in full of the purchase price & transfer of title, at closing, subject to the existing lease which expires July 31, 2025. Registration: All bidders are required to register with valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, crop base, size, condition, etc. prior to auction day. Announcements made day of auction take precedence.