Jeffrey T. Obrecht (515-689-1648)
LIST PRICE: $10,900/acre
DESCRIPTION: This property consists of 60 acres m/l in one tract, of which there are 59.18 taxable acres and 56.55 cropland acres. This property has an average CSR2 of 87.7, with the county average CSR2 being 65.8.
DIRECTIONS: From Marion, Iowa, go east on State Highway #151 to Hindman Road, then south on Hindman Road to Marion Airport Road, then east ¾ mile. Property is located on the north side of Marion Airport Road. Please watch for real estate signs.
LEGAL DESCRIPTION: The West One-half of the East One-Half of the Southeast Quarter (W1/2 E1/2 SE1/4); East One-Half of the Southeast Quarter of the Southeast Quarter (E1/2 SE1/4 SE 1/4) all in Section Thirty-five (35), Township Eighty-four (84) North, Range Six (6), West of the 5th P.M., Linn County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 56.55 acres
Corn Base: 45.7 acres PLC Yield: 125 bushel
Bean Base: 10.80 acres PLC Yield: 43 bushel
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. Rent for 2017 may be prorated based on the closing date negotiated in the purchase agreement. Contact listing agent for rental terms for 2017. The farm lease for 2018 will be terminated.
TERMS AND CONDITIONS
SALE METHOD: This property will be sold as one tract of 60 acres m/l.
IMPROVEMENTS: The subject property is presently unimproved except for field drainage tile and perimeter fence. No private tile maps are available at this time.
TAXES: $2062/year or $34.85/taxable acre
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 10% earnest money payment is required with any offer. 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 subject to the current cash rent lease and current tenant’s rights for the 2017 crop year.
CONTRACT AND TITLE: On acceptance of the offer by all parties, the earnest money will be deposited as stated above. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing, unless offer is made subject to financing. Seller to pay all escrow closing costs.
CLOSING: Closing will occur on or about 30 days after acceptance of an offer by all parties, unless negotiated otherwise. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, if necessary, 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.
ATTORNEY: Mike Holt
SELLERS: Rick & Sue McDowell Family Trust
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. Buyer is encouraged to perform their own investigation of the property prior to making an offer.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.