Propety Description

SOLD –  $3400 / AC

ABSOLUTE AUCTION – THAYER COUNTY FARM

December 19, 2025, 1:30 PM at the Stastny Center, 1350 Dove Rd, Hebron, NE 68370

81 +/- ACRES – DRYLAND/GRASSLAND/HABITAT

LOCATION: From Hubbell one mile north via County Road 6600 and one and quarter miles west via County Road C, this is the northeast corner of the property

LEGAL DESCRIPTION: The West Half of the Northeast Quarter (W1/2NE 1/4), Section Twenty-Seven (27), Township One North (T1N), Range Two West (R2W) of the 6^th Principal Meridian, Thayer County, Nebraska subject to easements and restrictions whether of record or not.

GENERAL DESCRIPTION:  This farm currently consists of approximately 47.24 acres of gently to moderately to steeply sloping grassland with cropping potential.     The balance of the farm consists of 33.03 acres of grassland and timber   The tract has been utilized as a recreational property and upland game hunting unit for several years.       The soils are 53% gently to moderately sloping upper to moderate class Hobbs. Muir & Hastings silt loams and 47% lower to moderate class Geary silt loams.     Sale includes a domestic well with 3 inch submersible pump located near the pond in the northwest corner, the well was installed in 2003 with a static water level of 52 feet, a well depth of 80 feet and test pumped at 45 GPM.       This unique fishing pond does not receive any runoff from surrounding lands and provides water for the wildlife travel corridor running through the farm.

FSA INFORMATION:  FSA records indicate there is 47.24 acres considered cropland with 39 acres of crop bases.

TAXES: Seller shall be responsible for the 2025 and all prior years’ taxes. Buyer will be responsible for all subsequent years’ taxes.  The 2024 real estate taxes were $690.46 with the exemption.

MINERAL & WATER RIGHTS: Any mineral and water rights owned by the Seller will transfer to the Buyer.

INSPECTION: The ground is open for inspection with respect to tenant’s crops.  Seller and Auction Company are not liable for accidents or loss during inspection. 

CLOSING: Closing shall be on or before January 20. 2026.  The escrow closing will be conducted by Tom Posey Real Estate & Appraisal.

POSSESSION: Possession for all tracts will be on the date of closing.

MANNER OF SALE: Tracts will be offered dollars per acre which will be multiplied by 81 acres.

TERMS: An earnest deposit equal to 15% of the purchase price shall be paid the day of the auction upon signing the purchase agreement.  The balance shall be paid on closing in the form of certified funds.  Title insurance and escrow closing fees shall be shared equally between Buyer & Seller.  Any lender’s policy or required endorsements shall be the expense of the Buyer.  Cottonwood Title, LLC shall be the title insurance company.  The farms are not being sold contingent on loan approval.  Make all financial arrangements prior to the auction.  The property is sold in “AS IS” condition with no survey, warranties, inspections, repairs, or treatments provided or paid for by the Seller or Real Estate Firm.  Buyers are encouraged to do their own due diligence.  Schultis & Son, Inc. (402-300-1230) & Tom Posey Real Estate & Appraisal (402-768-2292) are agents of and represent the Seller in this transaction.  Any announcements made the day of the auction take precedence over any information provided in print or otherwise.    John R. Musgrave Estate is the seller.