$1,625,000
97240 E 96th Avenue Fort Morgan, CO 80107
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$1,625,000
Est. payment /mo
1,920 Acres Lot
UPDATED:
06/05/2024 12:20 AM
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 4296525
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $4,738
Tax Year 2021
Lot Size 1920.000 Acres
Acres 1920.0
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 Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00.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.
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 Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00.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
Interior
Fireplace N
Exterior
Garage No
Building
Sewer Septic Tank
Water Well
Schools
School District Woodlin R-104
Others
Ownership Corporation/Trust
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
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Colorado Land Realty • 7487028@gmail.com,303-748-7028
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