Lisco , Lisco, NE 69148(Morrill County)

This property is also available in individual tracts. Parcel 1-UNDER CONTRACT Location: 3.5 miles West and 7 miles North of Lisco, NE Price: 132.66 Pivot Irrigated Acres @ $4,100 = $543,906 12.1 Drycrop @ $1,150 = $13,915 21.39 Range @ $805 = $17,219 TOTAL = $575,040 Parcel 1 consists of 168.15 tax assessed acres. There are 132.66 acres center pivot irrigated, 12.1 acres dryland/CRP, 21.39 acres pasture, and 2 acres roads/waste. The property is predominately center pivot irrigated with an average quality Lockwood center pivot with drops. Irrigation water is provided by a 100 hp GE electric motor and Johnson pump located in the NW corner. This parcel has 132.2 certified acres through the North Platte Natural Resource District. The corners are predominately pasture. The E1/2 corners are fenced with average quality fence being predominately barbed wire with wood posts. Livestock water is provided by a windmill that is located in the SE corner. Parcel 2-UNDER CONTRACT Location: 2.5 miles West and 6 miles North of Lisco, NE Price: 181.2 Pivot Irrigated Acres @ $4,100 = $742,920 20.29 Drycrop @ $1,150 = $23,334 410.36 Range @ $805 = $330,340 TOTAL = $1,096,594 Parcel 2 has 618.2 tax assessed acres. There are 181.2 acres center pivot irrigated, 20.29 acres dryland, 410.36 acres pasture and 6.35 acres roads/waste. This parcel is predominately pasture with average to above average quality fencing with wood post and barbed wire. This parcel has a windmill and tank located at the center of the pasture providing livestock water, with cross fence. This parcel also has a submersible well with underground and tire tanks in multiple locations providing livestock water throughout the section. The balance of the parcel is center pivot irrigated, irrigated by an average quality Lockwood center pivot with drops. One of the towers has collapsed and needs replaced. The cost to repair has been estimated at $8,000. Irrigation water is provided by a 75 hp GE electric motor and Johnson pump. This parcel has 181.2 certified acres through the North Platte Natural Resource District. There are 20.29 acres of drylands that are located under the center pivot. County Road 147 runs along the East. Parcel 3-UNDER CONTRACT Location: 3.5 miles West and 5 miles North of Lisco, NE Price: 84.8 Pivot Irrigated Acres @ $4,100 = $347,680 214.2 Drycrop @ $1,150 = $246,330 168 Range @ $805 = $135,240 TOTAL = $729,250 Parcel 3 has 473.0 tax assessed acres. There are 84.8 acres center pivot irrigated, 214.2 acres dryland, 168.0 acres pasture and 6.0 acres roads/waste. This parcel is predominately pasture and drylands with a small area of center pivot irrigated. The North Platte Natural Resource District (NPNRD) has 84.8 certified acres for this parcel. In the NW corner, there is an average quality center pivot with drops. Irrigation water is provided by a 125hp GE electric motor and pump. The pivot irrigates the entire NW1/4, however, it only has the right, through the NPNRD, to irrigate 84.8 acres. The drylands has 84.8 center pivot irrigated acres. This leaves considerable acres of drylands beneath the pivot that are not legally pLiermitted to be irrigated. The balance of the NW1/4 is dryland. The E1/2 is drylands and pasture with average quality fence and barbed wire and wood posts. Livestock water is provided by a submersible well located in the NW corner of the NE1/4. The SE1/4 is predominately average quality dryland. County Road 143 runs along the West boundary and County Road 84 runs along the North. Acres Pasture: 599.75 Pivot Irrigated:398.66 Dryland:246.59 Roads/Waste:14.35 Total: 1,259.35 Buyers and Sellers acknowledge all represented acres are based on the County Assessors records. Buyers acknowledge that they are purchasing a legal description, and acknowledge that fences may or may not be on the property lines. Taxes Estimated $11,656.20 Estimated Cash Lease Income 398.66 Irrigated acres @ $175 / acre = $69,765 246.59 Drycrop acres @ $40 / acre = $9,863.60 599.75 Range acres @ $14 / acre = $8.396.50 Total Gross Income = $87,725.10 Real Estate Taxes ($11,656.20) Pivot Insurance ($7,000) Liability Insurance ($750) Pivot Maintenance ($6,000) Fence Material ($1,000) Estimated Net Income = $61,319 3% R.O.I. Address: Lisco, NE 69148 County: Morrill