Hotel Colorado, Glenwood Springs, CO
AUCTION-WEST ELK CREEK RANCH
1,400± ACRES OF PRISTINE RECREATIONAL LAND
Gateway to the FLAT TOPS WILDERNESS AREA    
Saturday, July 26, 12:00 NOON - SOLD
Hotel Colorado, Glenwood Springs
Previews: July 12, 13, 19, 20 10AM to 6 PM and Friday July 25 10AM to 6PM

Horses will be available to rent (by the hour)
to view property, during the previews.

34 Acreage Tracts of 35± to 66± Acres Each
10 Tracts SOLD ABSOLUTE
Located Between Aspen & Vail

West Elk Creek Ranch

West Elk Ranch is located 24 miles Northwest of Glenwood Springs, Colorado. This magnificent ranch, with its beautiful Aspen, Spruce and Lodge Pole Pine covered ridges, is adjacent to thousands of acres of the White River National Forest and borders both lands of the Bureau of Land Management and the Rifle Mountian Park.

Recreational opportunity abounds on all sides of the ranch. The world-renowned ski areas of Aspen, Vail and Beaver Creek are located within 70 miles of this pristine property. There are also 100 miles of snowmobiling and cross country skiing trails, most of which are groomed, within 1.5 miles of the upper property entrance. The ranch could easily be considered the entranceway to the notorious Flat Tops Wilderness Area. An extensive network of roads throughout the ranch offers everyone the opportunity to purchase their own piece of beautiful Colorado countryside. The topography of West Elk Ranch offers magnificent long-range views. Sopris Mountain, The Mamm Peaks and the Grand Hog Back are three of the most recognized ranges viewed from the beautiful building sites located throughout the property. The ranch provides an extremely valuable and pristine habitat for many species of wildlife, including big game species like elk, mule deer, black bear and wild turkeys. This area has one of the largest herds of elk in the entire state. For the avid fisherman, the ranch is strategically located between the Colorado River and the White River. Other recreational choices in close proximity are the Rifle Gap State Park, Harvey Gap State Park, Rifle Mountain Park and Rifle Creek Golf Course.

West ElkRifle Gap State Park

Rifle Creek Golf Course

Harvey Gap State Park

Rifle Gap Reservoir

Rifle Mountain Park

Buyers can purchase a single tract, any combination of tracts, or the entire ranch.
This is an OUTSTANDING OPPORTUNITY
TO OWN PROPERY AT YOUR PRICE!
5% Buyer’s Premium Added to High Bid
Directions
From Glenwood Springs take I-70 West for 10 miles to Exit 105 (New Castle). At the end of the ramp, turn right and cross over Hwy 6, then continue straight on Castle Valley Blvd. through the stop signs for 2 miles to a “T” intersection. Turn right on CR 245 (Buford Rd).
Go 1.1 miles and bear left, continue an additional 5.3 miles and road becomes Grass Valley Road (CR226). Make a hard right onto North Cut Off (CR 247). Go 2.5 miles and turn Left onto CR 245 . Go 6 miles to beginning of Property. Proceed 6/10 mile to lower road exit of Property and continue 1.3 miles to upper entrance of Property where auction staff will be located for preview.
Topo Map
Survey

Addtional Photos of Tracts
TRACT
ACREAGE (±)
ADDITIONAL PHOTOS
1
42.99
2
36.42

3
36.52
4
35.78
5
42.88
6
36.73
7
36.81
8
35.17
9
39.11
10
48.70
11
41.39
12
36.49
13
46.74
14
38.03
15
47.41
16
36.44
17
60.80
18
46.00
19
36.62
20
36.16
21
57.42
22
45.18
23
45.38
24
54.28
25
35.16
26
45.67
27
37.98
28
36.35
29
35.38
30
37.15
31
38.66
32
41.71
33
35.06
34
39.85
Seller Financing Available
Option #1
For pre-qualified buyers, Seller will finance up to 75% of the purchase price on a First Deed of Trust with a 25% cash down payment (10% deposit on contract and an additional 15% at closing). Interest at 6.99% amortized for 20 years with a balloon payment due at the end of the 5th year.

Option #2
For pre-qualified buyers, Seller will finance up to 80% of the purchase price on a First Deed of Trust with a 20% cash down payment (10% deposit on contract and an additional 10% at closing). Interest at 4.99% amortized for 15 years with a balloon payment due at the end of the 3rd year.

Basic Terms & Conditions

 PROCEDURE: Tracts 1-34 will be offered in individual tracts, in any combination of these tracts, and in its entirety. Any qualified registered bidder may bid on tracts, tract combinations, and the total property.
DEPOSIT: Successful bidders shall deliver on day of sale to Woltz & Associates Inc., 10% of the final contract sales price as an escrow deposit via cash, cashier’s check, or pre-approved personal check. A bank letter stating “____________, account number ________, is a customer of this bank in good standing” should accompany personal checks. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
SELLER FINANCING: Registered Bidders who have been approved for Seller financing prior to the auction will be required to pay a minimum down payment of 25% in cash (which includes the 10% deposit day of sale) and may finance up to 75% of the purchase price with an annual interest rate of 6.99%, amortized for 20 years with a balloon payment due at the end of year five (5).
MINIMUM BIDS: Some tracts show minimum bids “per acre”. Tracts will be sold by the “boundary”, which is the total acreage of the tract.
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final high bid price to determine the total purchase contract price (i.e. high bid $100,000 + 5% buyer’s premium = $105,000 as the purchase contract price).
REAL ESTATE TAXES: All real estate taxes shall be prorated at closing.
CLOSING: Tracts 12, 13, 14, 15, & 16 shall close on or before November 10, 2003 and all other tracts shall close on or before August 26, 2003, or as soon thereafter as Seller’s applicable closing documents are completed and can be scheduled with Stewart Title Company. Announcements on the day of the auction will state the projected closing date for each property.
POSSESSION: Possession of the property shall be given at closing.
PROPERTY INSPECTION: Each potential bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect any other time. Also, tracts are marked with surveyor’s corner markers along roadways and there are auction tract signs for your convenience. Please inspect each tract before bidding
AGENCY: Woltz & Associates, Inc. and its representatives are Exclusive Agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Agreement to Purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS“ basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. All sketches, acreages and dimensions in this brochure and other information provided by the Auction Company are approximate. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, financial ability, etc. All decisions of the Auctioneer are final.
BROKER ASSOCIATION: This auction is being conducted in association with the real estate firm of Bain Hutzley & Leverich Real Estate Co., Ltd; 555 East Durant Street, Site 4A, Aspen, CO 81611. One of the principals in each of the partnership entities (Seller) is a licensed Colorado real estate broker.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. The auction sale begins at 12:00 Noon. Registration begins at 10:30 AM.
Jim Woltz or Russell Seneff
(540) 342-3560 | 1-800-551-3588 | Auction #465