97240 E 96th Avenue Pending Save Request In-Person Tour Request Virtual Tour
Fort Morgan,CO 80107
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 Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00.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