Mid Iowa Real Estate, Auctions, & Appraisals

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SCOTT/MUSCATINE COUNTY: 192 ACRES M/L

Tract#1-$9600/acre. Tract#2-$8800/acre. Tract#3-$4800/acre.

 

 

FRIDAY, MARCH 31st, 2017, at 10:00 A.M.

BLUE GRASS COMMUNITY CLUB

232 E. ORPHED STREET

BLUE GRASS, IOWA

 

LISTING AGENTS:

Jeffrey T. Obrecht (515-689-1648)

Archie Kuntz (641-510-2109)

 

LISTING #17108

DESCRIPTION:  192 acres m/l to be offered in multiple tracts at auction on Friday, March 31st at 10:00 A.M.

 

TRACT #1- DESCRIPTION:  This Scott County property consists of 78 acres m/l, of which there are 76.25 taxable acres and 73.24 cropland acres.  This property has an average CSR2 of 79.6, with the county average CSR2 being 69.1.

 

DIRECTIONS:  From Blue Grass, Iowa, go east on County Road 145th Street approximately 2.5 miles or from the intersection of State Highway #280 and State Highway #61, go west to 110th Avenue, then north ½ mile to 145th Street, then west on 145th Street ½ mile.   Subject property is located on the north side of 145th Street.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: The East One-Half of the Northwest Quarter (E1/2 NW1/4) in Section Thirty-five (35), Township Seventy-eight (78) North, Range Two (2), East of the 5th P.M., Scott County, Iowa, Except the South 230.8’ of the East 385’.  Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland: 73.91 acres

Corn Base: 56.4 acres      PLC Yield:  167 bushel

Bean Base: 16.8 acres     PLC Yield:  54 bushel

 

This farm is classified as Highly Erodible Land with the Wetlands Determination not complete at this time. 

 

FARM LEASE: The subject property is presently rented for the 2017 crop year. Contact auctioneer for details of this lease. This lease will be terminated for 2018 prior to the auction.  

 

TRACT #2 - DESCRIPTION:  This Muscatine County property consists of 13 acres m/l, of which there are approximately 12 taxable acres and 11.9 cropland acres.  This property has an average CSR2 of 80.1, with the county average CSR2 being 63.7.

 

DIRECTIONS:  From Muscatine, Iowa, go east on State Highway #61 approximately 8 miles until you reach Verde Avenue or from Blue Grass, go west on State Highway #61 to Verde Avenue.  Subject property is located in the NW corner of the intersection of State Highway #61 and Verde Avenue.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: All that part of the Southeast Quarter of the Northeast Quarter 9SE1/4 NE1/4) located north of State Highway #61, all in Section Thirty-one (31), Township Seventy-eight (78) North, Range One (1), East of the 5th P.M., Muscatine County, Iowa.  Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland: 12 acres

Corn Base: 11.9 acres       PLC Yield:  106 bushel

Bean Base:  0 acres           PLC Yield:  NA

 

This farm is classified as Non-Highly Erodible Land with the Wetlands Determination not complete at this time. 

 

FARM LEASE: The subject property is presently open for the 2017 crop year.  Early possession will be granted, if necessary, with the proper earnest money payment the day of the auction and a copy of the buyer’s general liability declarations page, with the subject property’s legal description stated on the declarations page.

 

TRACT #3 - DESCRIPTION:  This Muscatine County property consists of 101 acres m/l, of which there are approximately 101 taxable acres and 76.9 cropland acres.  This property has an average CSR2 of 46.1, with the county average CSR2 being 63.7.

 

DIRECTIONS:  From Muscatine, Iowa, go east on State Highway #61 approximately 8 miles until you reach Verde Avenue or from Blue Grass, go west on State Highway #61 to Verde Avenue.  Subject property is located in the SW corner of the intersection of State Highway #61 and Verde Avenue.  Please watch for auction signs.

 

LEGAL DESCRIPTION: All that part of the Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4) located south of State Highway #61; East One-Half of the Southeast Quarter (E1/2 SE1/4), all in Section Thirty-one (31), Township Seventy-eight (78) North, Range One (1), East of the 5th P.M., Muscatine County, Iowa.  Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  76.9 acres

Corn Base: 70.7 acres    PLC Yield:  106 bushel

Bean Base:  0 acres       PLC Yield:  NA

 

This farm is classified as Highly Erodible Land with no conservation plan in place. New buyer will work with NRCS to establish Conservation Plan. The Wetlands Determination is not complete at this time. 

 

FARM LEASE: The subject property is presently open for the 2017 crop year.  Early possession will be granted, if necessary, with the proper earnest money payment the day of the auction and a copy of the buyer’s general liability declarations page, with the subject property’s legal description stated on the declarations page.

 

TRACT #4 - This parcel will be a combination of Tracts #2 & #3.  These tracts will be offered as single tracts and as a combination. Whichever method yields the highest dollar total will be the way the tracts sell. The CSR2 of the combined tracts is 49.9.

 

LISTING #17108   Terms and Conditions

 

IMPROVEMENTS:  Tract #1: 2 older metal grain storage bins, barn site, & garage. All are being sold “As Is, Where Is.” Tract #2:  None.  Tract #3:  None.

 

TAXES: Tract #1: $2034/year or $25.43/taxable acre

    Tract #2: $300/year or $25/taxable acre (Est)

    Tract #3: $1878/year or $18/taxable acre (Est)

 

SALE METHOD:  These properties will be offered as three single tracts of 78 acres m/l, 13 acres m/l, and 101 acres m/l. Tracts #2 & #3 will then be offered as a combination, as explained earlier.

 

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 1, 2017.

 

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 1, 2017.  The balance of 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: James Sween

 

SELLER: Marilyn Arlene Sutton Estate 

 

This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—W here 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.

 

BROCHURE

 

AERIAL MAP - TRACT 1

AERIAL MAP/IMPROVEMENTS - TRACT 1

AERIAL MAP - TRACT 2

AERIAL MAP - TRACT 3

AERIAL MAP - TRACT 4

 

PLAT MAP - TRACT 1

PLAT MAP - TRACT 2 & 3

 

SOIL MAP - TRACT 1

SOIL MAP - TRACT 2

SOIL MAP - TRACT 3

SOIL MAP - TRACT 4

 

TILE MAP - TRACT 1

 

 

 

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