Mid Iowa Real Estate, Auctions, & Appraisals

Licensed to sell real estate in Iowa

© 2017-2018 Mid Iowa Real Estate, Auctions, & Appraisals. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed.

WRIGHT COUNTY: 191 ACRES M/L

OFFERED IN TWO TRACTS

 

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

 

LISTING #17119

PRICE: TRACT #1 - $7,000/acre, TRACT #2 - $7,000/acre

DESCRIPTION:  191 acres m/l offered in multiple tracts.  TRACT #1 consists of 150 acres m/l with an average CSR2 of 68.1.  TRACT #2 consists of 41 acres m/l with an average CSR2 of 71.  The county average CSR2 is 82.2.

 

TRACT #1

DIRECTIONS:  From Belmond, Iowa, go north on State Highway #69 to County Blacktop C-20, then go west approximately 6 miles to Hancock Avenue, then go north 1 mile to 120th Street, then go west ¼ mile.  Property is located on the south side of 120th Street.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: East One-Half of the Northwest Quarter (E1/2 NW1/4); West One-Half of the Northeast Quarter (W1/2 NE1/4), Except Tract #2, all in Section Eighteen (18), Township Ninety-three (93) North, Range Twenty-five (25), West of the 5th P.M., Wright County, Iowa.  Please refer to abstract for exact legal description.

 

IMPROVEMENTS:  See website for tile maps.

 

PROPERTY TAXES:  $3000/yr (EST).  Property taxes will be prorated to date of closing.

 

FARM PROGRAM INFORMATION:

Cropland: 143.59 acres

Corn Base: 110 acres         PLC Yield:  142 bu.

Bean Base: 32 acres           PLC Yield:  41 bu.

 

Of this 143.59 cropland acres, there are 6.77 acres of CRP that has a rate of $175.60/acre until 2022. This is buffer strip along the drainage ditch.

 

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.

 

TRACT #2

DIRECTIONS:  From Belmond, Iowa, go north on State Highway #69 to County Blacktop C-20, then go west approximately 6 miles to Hancock Avenue, then go north 1 mile to 120th Street, then go west 1 mile to Greene Avenue, then go south ½ mile.  Property is located on the east side of Greene Avenue.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: Northwest Quarter of the Southwest Fractional Quarter (NW1/4 SW Frl.1/4), all in Section Eighteen (18), Township Ninety-three (93) North, Range Twenty-five (25), West of the 5th P.M., Wright County, Iowa.  Please refer to abstract for exact legal description.

 

IMPROVEMENTS:  See website for tile maps.

 

FARM PROGRAM INFORMATION:

Cropland: 34.82 acres

Corn Base: 24 acres           PLC Yield:  142 bu.

Bean Base: 10 acres          PLC Yield:  41 bu.

 

Of this 34.82 cropland acres, there are 3.59 acres of CRP that has a rate of $175.60/acre until 2022. This is buffer strip along the drainage ditch.

 

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.

 

PROPERTY TAXES:  $824/yr.  Property taxes will be prorated to date of closing.

 

FARM LEASE: The subject properties are rented for the 2017 crop year, with Sellers retaining 100% of the income for the 2017 crop year.  The farm lease for 2018 has been terminated. 

 

SALE METHOD: Tract #1 will be sold as 150 acres m/l and Tract #2 will be sold as 41 acres m/l.

 

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, 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: Earl Hill

 

SELLER: Anco & Pauline Baker 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.

 

BROCHURE

 

AERIAL MAP - TRACT 1

AERIAL MAP - TRACT 2

 

PLAT MAP

 

SOIL MAP - TRACT 1

SOIL MAP - TRACT 2

 

TILE MAPS

 

 

 

 

 

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