Silver Valley Gold
Sold on August 1, 2018
from 7:00 PM to 7:00 PM UTC
Location
Silver Valley, AB
Sale Size
2 Parcels
Final
$195K - $425K
Situated 45 minutes northwest of Spirit River, Alberta, the Silver Valley 'Gold' half section offers something special for any bidder. The west quarter has a residence, shop and pole shed situated on a mature farmstead. The east quarter may just be that golden jewel for any hunter.
Situated 45 minutes northwest of Spirit River, Alberta, the Silver Valley 'Gold' half section offers something special for any bidder. The west quarter has a residence, shop and pole shed situated on a mature farmstead. The east quarter may just be that golden jewel for any hunter.
Available Parcels
Parcel Name Parcel 1 | Parcel Size | Final $425,000 | View Details & Offer |
Parcel Name Parcel 2 | Parcel Size | Final $195,000 | View Details & Offer |
Sale Description
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/918251ca-4eaa-4891-136e-08d729a516ef/TinyMCEPictures/3030e7c5-7d48-4efd-9187-dffb0814c90b.jpg]Situated 45 minutes north west of Spirit River AB, the Silver Valley ‘Gold’ half section, borders paved Highway 681 on the south for one mile. The half section offers something special for any bidder. The west ¼ has a residence, shop and pole shed situated on a mature farmstead. All the costs associated with setting up a rural residence have been incurred, including installation of power and septic. Water is supplied from a dugout. The residence is a rustic 1,400 sq/ft manufactured log home with a metal roof. The home is heated with propane with potential backup with a wood fired natural stone fireplace. The shop is 28’ x 38’ and heated with wood. The ¼ may become eligible for future municipal water supply. Just looking for an acreage for your family? Buy the west ¼ and subdivide the farmstead off then sell the balance of the ¼ and own the acreage for a country song.
The home quarter is only 1 mile east of the Savanna school, that is K-12. Country living yet with the amenities of a store and school only 1 minute away. The entire half may be eligible for special agronomic status, given the fact that the owners have never used pesticides on the land. The half is crossed fenced and in total has 11 fields, making it perfect for intensive grazing of livestock. All perimeter fencing is 4’ page wire fence. In total the west ¼ has 85 acres of arable land with Oil & Gas revenue of $4,765.45 per annum – effectively covering the interest payment on the first $100,000.00 of the Purchase Price in each year.
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/918251ca-4eaa-4891-136e-08d729a516ef/TinyMCEPictures/5db00e26-3941-42bf-874b-46abc4ed4fa4.jpg]The east ¼, situated in an out-of-the-way panoramic valley, fittingly named after another precious metal, may just be that golden jewel for any hunter. From an aerial view the quarter looks like a snippet of a well-manicured National Park golf course, with full-grown trees intentionally left to preserve the nature habitat. Treed areas do not relate to wetland and could easily be used to carve out a building site. This ¼ is situated in the center of W 359 Wildlife Management Area. Build your private cabin and own that exclusive hunting retreat that you and your buddies have only dreamed of, with moose, elk and deer being the primary residents.
Parcel 1, being the NW-20-81-9-W6 will be auctioned first, in increments of $7,500.00 with a Starting Bid of $200,000.00, with the auction expiring using Dynamic closing at 3pm. Parcel 2, NE-20-81-9-W6 will be auctioned secondly in increments of $5,000.00, with a Starting Bid of $110,000.00, with the auction expiring at 3:20pm MDT. Auction date is August 1, 2018 commencing at 1pm MDT. There will be two open houses at the farmstead for registered bidders– once registered please email info@clhbid.com for further information on the open house dates. To see the Silver Valley half section, take Hwy #49 west of Spirit River and then head north on Hwy #725. Then westerly 6 miles on Hwy #681 from Fourth Creek. A 20% deposit will be payable on or before 4pm, August 3rd, 2018 with a Closing Date of September 14th, 2018, or such earlier date as the high bidder may request. Current owners will have until September 30, 2018 to remove cattle from the land.
Silver Valley Gold is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.
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