TRACT #1 - $9,050/acre. TRACT #2 - $7,500/acre.
WEDNESDAY, MARCH 28th, 2018, at 10:00 AM
105 W 1st AVE.
OFFERED IN MULTIPLE TRACTS
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 110.5 acres m/l to be offered in two tracts at auction on Wednesday, March 28th at 10:00 A.M. TRACT #1 consists of 70 acres m/l with approximately 69 cropland acres with a CSR2 of 69.6. TRACT #2 consists of 40.5 acres m/l with 32 cropland acres with a CSR2 of 71.6. The county average CSR2 is 55.2.
DIRECTIONS: From Carlisle, go southwest on County Blacktop G-16 or Scotch Ridge Road to 140th Avenue, then south ½ mile or from Indianola, go north on State Highway #65-69 to G-16 or Scotch Ridge Road, then east to 140th Avenue, then south ½ mile on 140th avenue. Tract #1 is located on the west side of 140th Avenue and Tract #2 is located on the east side of 140th Avenue. Please watch for real estate signs.
These parcels are both located within 2 miles of the city limits of Des Moines or about 20 minutes from Downtown, 3 miles from each Carlisle and Indianola. The Highway 5 bypass is located just 3 miles north of both tracts of land. Either tract is ideal for building a single family home or for development.
TRACT #1-LEGAL DESCRIPTION: The North One-Half of the Northeast Quarter (N1/2 NE1/4), Except for the 10A building site in the NE corner in Section Nineteen (19), Township Seventy-seven (77) North, Range Twenty-three (23), West of the 5th P.M., Warren County, Iowa. Please refer to abstract for exact legal description.
TRACT #1-FARM PROGRAM INFORMATION:
Cropland: 62 acres*
Corn Base: 42 acres PLC Yield: 133 bu.
Bean Base: 20 acres PLC Yield: 48 bu.
* Estimated, as the acreage has been surveyed off, which contains a small amount of tillable land.
This farm is classified as Highly Erodible Land with a conservation plan in place. No Wetlands Determination is complete at this time.
TRACT #1-FARM LEASE: The farm lease for 2018 has been terminated. Property is open for the 2018 crop year.
TRACT #1-IMPROVEMENTS: The subject property is unimproved except for tile and perimeter fence.
TRACT #1-TAXES: $1650/year or $23.90/taxable acre. (Estimate) Property taxes will be prorated to date of closing.
TRACT #2-LEGAL DESCRIPTION: The Northwest Quarter of the Northwest Quarter (NW1/4 NW1/4), Except Parcel #01000200444 in Section Twenty (20), Township Seventy-seven (77) North, Range Twenty-three (23), West of the 5th P.M., Warren County, Iowa. Please refer to abstract for exact legal description.
TRACT #2-FARM PROGRAM INFORMATION:
Cropland: 32.15 acres
Corn Base: 20.8 acres PLC Yield: 133 bu.
Bean Base: 9.2 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
TRACT #2-FARM LEASE: The farm lease for 2018 has been terminated. Property is open for the 2018 crop year.
TRACT #2-IMPROVEMENTS: The subject property is unimproved except for tile and perimeter fence.
TRACT #2-TAXES: $864/year or $21.60/taxable acre. (Estimate) Property taxes will be prorated to date of closing.
LISTING #18107 Terms and Conditions
SALE METHOD: These properties will be sold as two individual tracts of 70 acres m/l and 40.5 acres m/l and will not be combined.
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 May 1, 2018. Early possession will be granted with a signed purchase agreement, property earnest money deposit and proof of liability insurance.
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 May 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.
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: Robert Stuyvesant
SELLER: Patricia A. Foust Estate
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.
TRACT #1 - AERIAL MAP
TRACT #2 - AERIAL MAP
TRACT #1 - SOILS MAP
TRACT #2 - SOILS MAP