Mid Iowa Real Estate, Auctions, & Appraisals

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BUTLER COUNTY: 143 ACRES M/L

TRACT #1 - $5,300/acre. TRACT #2 - $4,100/acre.

 

WEDNESDAY, MAY 24th, 2017, at 10:00 A.M.

ALLISON PUBLIC LIBRARY

ALLISON, IOWA

 

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

 

LISTING #17110

DESCRIPTION:  143 acres m/l to be offered in multiple tracts at auction on Wednesday, May 24th at 10:00 A.M.

 

TRACT #1-DESCRIPTION:  This property consists of 35 acres m/l, of which there are 34 taxable acres and 34.5 cropland acres.  This property has an average CSR2 of 62.9, with the county average CSR2 being 74.5.

 

DIRECTIONS:  From Bristow, Iowa, go south on County Blacktop Road #326/Grand Avenue approximately 1/2 mile, or from the intersection of State Highway #3 and County Blacktop Road #326 go north 1/2 mile.  Subject property is located on the west side of #326.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: The Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4) Except the North One-Quarter of the East One-Half of the Northeast Quarter (N1/4 E1/2 NE1/4) and Except the Cemetery all in Section Twenty-five (25), Township Ninety-two (92) North, Range Eighteen (18), West of the 5th P.M., Butler County, Iowa; Northwest Quarter of the Northwest Quarter (NW1/4 NW1/4) Except a tract described as follows: Commencing at the SE corner of the NW1/4 NW1/4, thence West 950’, thence North 700’, thence East 950’ to the East Line of said W1/2 NW1/4, thence South to the point of beginning in Section Thirty (30), Township Ninety-One(92) North, Range Seventeen (17), West of the  5th P.M., Butler County, Iowa. Please note that this is an estimate and a survey will be completed post-auction. Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:    34 acres

Corn Base:   34 acres       PLC Yield:  127 bushel

Bean Base:    0 acres        PLC Yield:    NA

 

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination 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 property consists of 108 acres m/l, of which there are approximately 107 taxable acres and approximately 104 cropland acres, of which there are approximately 18.7 acres in CRP.  This property has an average CSR2 of 56.4, with the county average CSR2 being 74.5.

 

DIRECTIONS:  From Bristow, Iowa, go south on County Blacktop Road #326/Grand Avenue approximately 1/2 mile, or from the intersection of State Highway #3 and County Blacktop Road #326 go north 1/2 mile.  Subject property is located on the west side of #326.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: The Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4) Quarter; North 22.65A of the Northeast Quarter of the Southeast Quarter (N.22.65A NE1/4 SE1/4) all in Section Twenty-five (25), Township Ninety-two (92) North, Range Eighteen (18), West of the 5th P.M., Butler County, Iowa; North 17A of the West One-Half of the Southwest Fractional Quarter (N.17A W1/2 SW Frl.1/4); Southwest Quarter of the Northwest Fractional Quarter (SW1/4 NW Frl.1/4) in Section Thirty (30), Township Ninety-two (92) North, Range Seventeen (17), West of the 5th P.M., Butler County, Iowa. Please note that this is an estimate and a survey will be completed post-auction.  Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland: 82.3 acres

Corn Base:  82.3 acres       PLC Yield:  127 bushel

Bean Base:  0 acres            PLC Yield:  NA

 

The subject farm presently has 3 CRP contracts (18.53 acres) at $316.80/acre for a total of $5870/yr until 2031. An additional CRP contract on 6/10/acre pays $262.80/acre or $158/year until 2022. This farm is classified as Non-Highly Erodible Land with the subject property having 4.7 acres of Wetlands, 83.8 acres of Prior Converted land and 19.5 acres of land with no Wetlands Determination.

 

There is a new additional CRP contract for 36.13 acres at $316.80/acre for a total of $11,446/year until 2026.

 

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 #3-DESCRIPTON:  This parcel will be a combination of Tracts #1 & #2.  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 58.2.

 

LISTING #17110   Terms and Conditions

 

IMPROVEMENTS:  Tract #1:  None.  Tract #2:  None. 

 

TAXES:  Tract #1:  $615/year or $18/taxable acre (Est)

               Tract #2:  $1945/year or $18/taxable acre (Est)

 

SALE METHOD:  These properties will be offered as two single tracts of 35 acres m/l and 108 acres m/l.  Tracts #1 & #2 will then be offered as a combination of 143 acres m/l, 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 July 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 July 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: Art Cady

 

SELLERS:  Tamra & Brent Eilers, Delilah & Darol Roth, Frank Eisentrager, 

Doug & Debra Eisentrager 

 

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.

 

BROCHURE

 

AERIAL MAP - TRACT 1

AERIAL MAP - TRACT 2

AERIAL MAP - TRACT 3

 

PLAT MAP

 

SOIL MAP - TRACT 1

SOIL MAP - TRACT 2

SOIL MAP - TRACT 3

 

CRP MAP - TRACT 2

 

ADDITIONAL INFORMATION

 

 

 

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