Jeffrey T. Obrecht (515-689-1648)

LISTING #17130

PRICE: $6,315/acre

DESCRIPTION: 38 acres m/l to be offered for sale located in Hardin County, Iowa. This property consists of 38 acres m/l, of which there are 36.5 taxable acres and 30.23 cropland acres. This property has an average CSR2 of 69.7, with the county average CSR2 being 79.7.

DIRECTIONS: From New Providence, Iowa, go south on S-57 approximately 1 mile to 305th Street, then go west on 305th Street 1/2 mile. Property is located on the south side of 305th Street. Please watch for real estate signs.

LEGAL DESCRIPTION: The Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4) lying south of the county road, all in Section Sixteen (16), Township Eighty-six (86) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.


Cropland: 30.23 acres

Corn Base: 14.7 acres PLC Yield: 153 bu.

Bean Base: 14.6 acres PLC Yield: 46 bu.

This farm has no Erodible Land classification or 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 rent from the farm. The farm lease for 2018 has been terminated. Contact auctioneer for details of lease.

LISTING #17130 Terms and Conditions

SALE METHOD: This property will be sold as one tract of 38 acres m/l.

IMPROVEMENTS: The subject property is unimproved except for field drainage tile and perimeter fence.

TAXES: $874/year or $23.94/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 all offers. 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 February 1, 2018, subject to the current cash rent lease and current tenant’s rights for the 2017 crop year.

CONTRACT AND TITLE: Upon the acceptance of an offer by all parties, the buyer will 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 February 1, 2018. 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: Mike Smith

SELLERS: John & Ann Rains and Richard & Judy Rains

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.