East Carroll Farmland for sale at fall auction. October 21, 2017, Wise Farms LLC on 845.30 acre farm will liquidate 2 premier farms located on HWY 134 south and HWY 882 south of Lake Providence, LA. These 2 farms are less than 1 ½ miles apart and are mostly leveled and irrigated. There are 592.30+/- acres of farmland and 253+/- acres of CRP. The CRP expires in 2020 and is currently paying an estimated $25,000 per year annual payment. 130+/- acres of the enrolled CRP acreage was leveled prior to planting and could return to crop acreage after it expires in 2020 as irrigated farmland. The 592.30+/- acreage of current farmland is all level but 45+/- acres and is all irrigateable. The soil is good, the yields are high, and the tenant is doing a great job. Tract 2 also has an airstrip that could return to use. The current rent is 25% on grain, 20% on cotton with the 1st year of a 3 year lease with option to renew every 3 years to 10 years. Price of rent to be renegotiated every 3 years. The CRP is unleased for hunting. The tenant claims there are monster whitetail seen eating in the soybean fields coming out of the CRP acreage.Get Directions
REAL ESTATE TERMS & CONDITIONS REGISTRATION: In order to register at the live auction you must have a bank letter of guarantee, or a pre-approval letter from a finance company. BUYERS PREMIUM: 10% will be added to the final bid price, to be included in the total purchase price. For example, if the property sells for $100,000.00, then the total sales price would be $110,000.00. DEPOSIT: 10% down day of auction. Balance due at closing on or before 45 days. Guaranteed good title. For example if the property sells for a total sales price of $110,000.00 including buyer’s premium, then a deposit of $11,000.00 would be put down the day of the auction. FINANCING: Purchasers to obtain their own financing. Purchase Agreements are not subject to financing or qualification. All bidders are encouraged to pre-qualify. DISCLAIMER: All property to be sold “as is, where is”, with any and all faults and no implied warranties by Seller or Auctioneer. Please feel free to have an inspector or contractor look at the property with you. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property and records, including, but not limited to, all documents recorded in the county or parish where the property is located. All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Properties not sold absolute will be offered subject to seller’s confirmation within 2 business days. LA Lic#818 TAXES: Taxes will be pro-rated. ONLINE BIDDING: If any bidders are interested in participating online bidding you must wire in $100,000 deposit in order to register. This must be done no later than 24 hours prior to auction. If you are not the successful bidder on the property, it will be refunded following the auction.
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