Jeffrey T. Obrecht (515-689-1648)

LISTING #17132

PRICE: $7,100/acre

DESCRIPTION: 80 acres m/l of Southwestern Franklin County land is currently offered for sale. This property consists of 80 acres m/l, of which there are 79 taxable acres and 79.4 cropland acres. This property has an average CSR2 of 63.1, with the county average CSR2 being 80.7.

DIRECTIONS: From Popejoy, Iowa, go west on S-13 approximately 1 mile and then go north on S-13 approximately 1 mile. Property is located on the west side of County Blacktop S-13. Please watch for real estate signs.

LEGAL DESCRIPTION: The South One-Half of the Northeast Quarter (S1/2 NE1/4) of Section Seventeen (17), Township Ninety (90) North, Range Nineteen (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.


Cropland: 79.4 acres

Corn Base: 59.31 acres PLC Yield: 154 bu.

Bean Base: 17.54 acres PLC Yield: 47 bu.

Oat Base: .02 acres PLC Yield: 68 bu.

This farm is classified as Non-Highly Erodible Land and contains a Wetland or Farmed Wetland.

FARM LEASE: The subject property is rented for the 2017 crop year, with Sellers retaining the 100% of the 2017 income. The farm is open for the for 2018 crop year.

LISTING #17132 Terms and Conditions

SALE METHOD: This property will be sold as 80 acres m/l.

IMPROVEMENTS: The subject property is unimproved except for perimeter fence and field drainage tile. This 80 acres had over 61,000 feet of tile installed in 2007.

TAXES: $1654/year or $20.93/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 which will occur 30 days from the acceptance of an offer by all parties.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, 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 30 days after acceptance of an offer by all parties or whatever date is negotiated by buyer and seller. 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.


SELLERS: Summit Farms, LLC

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.