WEDNESDAY, MARCH 29th, 2017, at 11:00 A.M.
ELLSWORTH COMMUNITY COLLEGE EQUINE CENTER
709 ELLSWORTH AVENUE
IOWA FALLS, IOWA
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: This property consists of 105 acres m/l, of which there are 104.7 taxable acres and 102.73 cropland acres. This property has an average CSR2 of 87.6, with the county average CSR2 being 79.7.
DIRECTIONS: From Eldora, Iowa, go south on County Blacktop S-62 to UU Avenue, then go north ¼ mile to 270th Street, then east on 270th Street 1 mile. Or from Eldora, Iowa, go east on State Highway #175 to W Avenue, then south on W Avenue to 270th Street. The property is located in the NW corner of the intersection of W Avenue and 270th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: Parcel A located in the Southeast Quarter (SE1/4) of Section Twenty-eight (28), Township Eighty-seven (87) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Long legal is available from the realtor/auctioneer or refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 102.73 acres
Corn Base: 73.69 acres PLC Yield: 155 bushel
Bean Base: 26.5 acres PLC Yield: 52 bushel
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. This property is presently enrolled in ARC-County. This property also has a manure easement in place.
FARM LEASE: The subject farm is currently owner-operated with the owner retaining 100% of the present crop on the farm for 2016. The property is available for 2017.
SALE METHOD: This property will be sold as one tract of 105 acres m/l.
TAXES: $3006/year or $28.71/taxable acre
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the Mid Iowa Real Estate, Auctions, & Appraisals’ trust account or named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about May 5, 2017. If purchaser wishes to have access to the property after the auction and prior to closing, the proper earnest money and proof of liability insurance are required.
CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs.
CLOSING: Closing will occur on or about May 5, 2017. The purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.
BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.
ATTORNEY: Tom Wynia
SELLER: JLJ Farms, LLC
This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.