Mid Iowa Real Estate, Auctions, & Appraisals

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HARDIN COUNTY: 248 ACRES M/L

TRACT #1 - $9,150/acre. TRACT #2 - $9,150/acre.

 

TUESDAY, AUGUST 1st, 2017, at 3:00 PM

ELLSWORTH COMMUNITY COLLEGE EQUINE CENTER

709 ELLSWORTH AVENUE

IOWA FALLS, IOWA

 

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

 

LISTING #17120

DESCRIPTION:  248 acres m/l to be offered in multiple tracts at auction on Tuesday, August 1, 2017, at 3:00 P.M.  TRACT #1 consists of 107 acres m/l with an average CSR2 of 83.5.  TRACT #2 consists of 141 acres m/l with an average CSR2 of 84.8.  The total property consists of 248 acres m/l, of which there are 247.45 taxable acres and 238.12 cropland acres.  The total  property has an average CSR2 of 84, with the county average CSR2 being 79.7.

 

TRACT #1 & TRACT #2-DIRECTIONS:  From Radcliffe, Iowa, go north on S-27 approximately 4 miles, or from Buckeye, Iowa, go south to County Blacktop D-41, then west 3 miles to County Blacktop S-27, then south on S-27 for ½ mile. Tract #1 is located on the west side of County Blacktop S-27 with Tract #2 being located on the east side of S-27.  Please watch for real estate signs.

 

TRACT #1-LEGAL DESCRIPTION: The North 62.5% (consisting of approximately 46.175 acres, more or less) of the North One-half of the Southeast Quarter (N1/2 SE1/4) of Section Thirty-one (31) Township Eighty-eight (88) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, Except commencing at the Southeast Corner of the North One-Half of the Southeast Quarter (N1/2 SE1/4) of Section Thirty-one (31), Township Eight-eight (88) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, for a point of beginning, thence North 660’, thence West 404’, thence South 660’, thence East 404‘ to the point of beginning, containing approximately 6.12 acres, more or less, subject to the road right of way, and the South Sixty (60) acres of the Northeast Quarter (NE1/4) of Section Thirty-one (31), Township Eight-eight (88) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, subject to road right of way. Please refer to abstract for exact legal description.

 

TRACT #1-PROPERTY TAXES:  $3,000/yr or $28.06/acre

 

TRACT #1-FARM PROGRAM INFORMATION:

Cropland:  104.7 acres

Corn Base:   53.7 acres     PLC Yield:  163 bu.

Bean Base:   47.3 acres    PLC Yield:  44 bu.

 

Of this 104.7 cropland acres, there are 3.7 acres of CRP that has a payment rate of $360.81 /acre until 2023. 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-LEGAL DESCRIPTION: The Southwest Quarter (SW1/4) of Section Thirty-two (32), Township Eight-eight (88) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, subject to road right of way, except commencing at the SW corner of Section 32, T88N, R22, West of the 5th P.M., Hardin County, Iowa, thence North 519.8’ along the West line of the SW1/4 of said Sect. 32, thence N. 89* 32’ E, 556.4’, thence S. 1* 07’ 30” West, 32.4’. thence  S. 89* 51’ 30” East, 902.9’, thence South 18* 07’ 30” West, 507.3’ to the South line of said SW1/4, thence S. 89* 39’ 30”, West 1310.0’ along the south line to the point of beginning, containing 15.82 Acres. Please refer to abstract for exact legal description.

 

TRACT #2-PROPERTY TAXES:  $3,934/yr or $27.99/acre

 

TRACT #2-FARM PROGRAM INFORMATION:

Cropland:  133.42 acres

Corn Base:   66.3 acres     PLC Yield:  163 bu.

Bean Base:   60.6 acres     PLC Yield:  44 bu.

 

Of this 133.42 cropland acres, there are 6.5 acres of CRP that has a rate of $359.81/acre until 2023. 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.

 

 

FARM LEASE: The subject properties are rented for the 2017 crop year.  PLEASE NOTE - Seller to retain 100% of the 2017 cash rent.  The farm lease for 2018 has been terminated.  Contact auctioneer for details of lease.

 

LISTING #17120   Terms and Conditions

 

SALE METHOD:  These properties will be sold as two individual tracts of 107 acres m/l and 141 acres m/l each.  Winning bidder will get the choice of either Tract #1 or Tract #2 or they can elect to take any or all parcels for the winning bid, based on a per acre basis.  

 

IMPROVEMENTS: Tracts #1 & #2 have improvements that include perimeter fence and field drainage tile.  Contact Auctioneer for tile maps that may be available.

 

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 October 2, 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 October 2, 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:  Mike Holt

 

SELLER:  Barbara Jean Miller Revocable 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.  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

 

PLAT MAP

 

SOIL MAP - TRACT 1

SOIL MAP - TRACT 2

 

 

 

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