TRACT #1 - $10,500/acre.
TRACT #2 - $10,000/acre.
TRACT #3 - $10,500/acre.
THURSDAY, MAY 25th, 2017, at 10:00 A.M.
ACKLEY RECREATION CENTER
902 8th AVE.
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 240 acres m/l to be offered in multiple tracts at auction on Thursday, May 25th, at 10:00 A.M. This property consists of 240 acres m/l, of which there are 232.28 taxable acres and 229.49 cropland acres. This property has an average CSR2 of 92.4, with the county average CSR2 being 79.7.
DIRECTIONS: From Ackley, Iowa, go south on S-56 approximately 2.5 miles. Property is located on the west side of County Blacktop S-56. Please watch for real estate signs.
LEGAL DESCRIPTION: The Southeast Quarter (SE 1/4); South One-Half of the Southwest Quarter (S1/2 SW1/4) of Section Twenty-three (23), Township Eighty-nine (89) North, Range Nineteen (22), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 229.49 acres
Corn Base: 108.7 acres PLC Yield: 168 bushel
Bean Base: 105.9 acres PLC Yield: 50 bushel
FSA will determine the base splits if the parcels are sold to different individuals.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
FARM LEASE: The subject property is rented for the 2017 crop year, with Sellers retaining the first half of the 2017 cash rent, with the second half of the rent to be paid to the buyer when due. The farm lease for 2018 has been terminated. Contact auctioneer for details of lease.
LISTING #17112 Terms and Conditions
SALE METHOD: This property will be sold as three individual tracts of 80 acres each. Winning bidder will get the choice of either Tract #1, #2 or #3 or they can elect to take any or all parcels for the winning bid, based on a per acre basis.
THE TRACTS ARE AS FOLLOWS:
Tract #1-(80 acres)-S1/2 SE1/4 of 23-89-19, with an average CSR2 of 92.2. Property taxes are $2916/year.
Tract #2-(80 acres)-N1/2 SE1/4 of 23-89-19, with an average CSR2 of 90.6. Property taxes are $2056/year.
Tract #3-(80 acres)-S1/2 SW1/4 of 23-89-19, with an average CSR2 of 94.4. Property taxes are $2062/year.
IMPROVEMENTS: Tract #1: Older ranch home being sold “AS IS, WHERE IS”. Buyer is to be responsible for any updates to bring the septic system up to county and state code. All other improvements are being sold “AS IS, WHERE IS”.
TAXES: $7034/year or $30.28/taxable acre (Total of all three tracts)
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 named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about July 5, 2017, subject to the current cash rent lease and current tenant’s rights for the 2017 crop year.
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 5, 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: Tom Lawler
SELLERS: Richard Heitland and Kathleen Allen
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.
AERIAL MAP - TRACT 1
AERIAL MAP - TRACT 2
AERIAL MAP - TRACT 3
SOIL MAP - TRACT 1
SOIL MAP - TRACT 2
SOIL MAP - TRACT 3