Russell Springs, KS 67764(Logan County)

160 Acres in Russell Springs, KS - $128,000

LEGAL DESCRIPTION:

SE/4 of 12-14-36

LOCATION: From the intersection of Hwy 25 and Plains Road at Russell Springs, Kansas, go 3 miles on Hwy 25 to County Road 240, 4 miles South to Kiowa Road, then 2 miles West to the SE corner of the property. SIGNS WILL BE POSTED!

MINERAL RIGHTS: Mineral rights are believed to be 25% intact and all of the Sellers interest will transfer to the Buyer at closing.

CRP INFORMATION:

There are 2 CRP contracts on this quarter.

110.9 acres at $28.12 ac thru 9/30/18 = $ 3,119

42.1 acres at $28.67 ac thru 9/30/22 = $ 1,207

TOTAL ANNUAL PAYMENTS = $ 4,326

The 2014 CRP payments will be prorated to the date of closing.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Seller will pay taxes for all of 2013 and prior years. Taxes for 2014 will be prorated to the date of closing.

(2013 taxes = $256.73)

PRICE: $128,000