Mid Iowa Real Estate, Auctions, & Appraisals

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© 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.

WAPELLO COUNTY: 200 ACRES M/L

INCLUDES 80 ACRES M/L OF HEAVY TIMBER

 

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

 

LISTING #17124

PRICE: $3,500/acre

DESCRIPTION:  200 acres m/l located on the western edge of Ottumwa, Iowa, adjacent to the city limits of Ottumwa. This property consists of 200 acres m/l, of which there are 199.6 taxable acres and 111.58 cropland acres.  This property has an average CSR2 of 57, with the county average CSR2 being 54. The CSR2 on the tillable land on this property is 67.3.  This farm has approximately 80 acres of heavy timber that is teeming with deer. Possible hunting lease involving this property with hunting limited to bow hunting. 

 

DIRECTIONS:  Go NW on West Second Street/Eddyville Road to North Forrest Avenue. Property is located in the NW corner of the intersection of West Second Street and North Forrest Avenue, with the western boundary being Keb Lane. There is a triangular shaped property on Eddyville Road that is not part of this sale.  Please watch for real estate signs.

 

LEGAL DESCRIPTION:  200 acres m/l located in the SW ¼ of Section 11 and in the Northwest Quarter of Section 14, Township Seventy-two (72) North, Range Fourteen (14), West of the 5th P.M., Wapello County, Iowa.  Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland: 111.58 acres

Corn Base: 85 acres               PLC Yield:  97 bushel

Bean Base: 26.5 acres           PLC Yield:  36 bushel

 

This farm is classified as 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 100% of the 2017-2018 income from the farm, including any income from hunting leases.  The farm lease for 2018 has been terminated.  Contact realtor for details of lease.

 

LISTING #17124  Terms and Conditions

 

SALE METHOD: This property is being offered as 200 acres M/L.  Owners will consider possible splits of this property. Contact realtor for details.

 

IMPROVEMENTS: None.

                       

TAXES: $4660/year or $23.35/taxable acre. Property taxes will be prorated to date of closing.

 

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 tendered on this property.  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 of this property is negotiable and subject to the tenant’s rights for the current crop year. Fall tillage will be available based on closing date.

 

CONTRACT AND TITLE:  Immediately upon acceptance of an offer, the earnest money will be deposited and the abstract will be updated. The updated abstract will be provided  to the buyers lender or attorney for examination. Seller to pay all escrow closing costs.

 

CLOSING:  Closing will be negotiable based on the terms of the offer to buy.  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: Paul Zingg

 

SELLERS: Drusie Taylor, Julie Taylor, & Terry Taylor

 

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

 

PLAT MAP

 

NORTH 149A M/L TILLABLE SOILS MAP

 

SOUTH 51A M/L TILLABLE SOILS MAP

 

TOTAL SOILS MAP

 

 

 

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