WORTH COUNTY: 106 ACRES M/L
TRACT #1-$8,600/acre. TRACT #2-$6,600/acre.
WEDNESDAY, FEBRUARY 7th, 2018, at 10:00 AM
CARPENTER COMMUNITY CLUB
DESCRIPTION: 106 acres m/l to be offered in multiple tracts at auction on Wednesday, February 7th, 2018, at 10:00 A.M. This property consists of 2 tracts of 70 acres m/l and 36 acres m/l. These properties have average CSR2 ratings of 85.5 and 64.5 respectively, with the county average CSR2 being 76.5
DIRECTIONS: From Northwood, Iowa, go east on County Highway #105 approximately 9 miles to the intersection of County Highway #105, 450th Street and Yarrow Avenue or from Carpenter, Iowa, go west on County Highway #105 to the above described intersection. Please watch for real estate signs.
TRACT #1-LEGAL DESCRIPTION: (70 acres m/l) The East One-Half of the Northeast Quarter (E1/2 NE1/4) of Section Eleven (11), Township Ninety-nine (99) North, Range Nineteen (19), West of the 5th P.M., Worth County, Iowa, Except Parcel #0811200006 (10 Acres). Please contact auctioneer for full legal description.
TRACT #1-(70 acres m/l)-Average CSR2 of 85.5. Property taxes are $1784/year.
TRACT #1-FARM PROGRAM INFORMATION:
Cropland: 66.60 acres
Corn Base: 50.58 acres PLC Yield: 149 bu.
Bean Base: 13.33 acres PLC Yield: 41 bu.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
TRACT #2-LEGAL DESCRIPTION: (36 acres m/l) The Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) of Section One (1), Township Ninety-nine (99) North, Range Nineteen (19), West of the 5th P.M., Worth County, Iowa, with exceptions. Please contact auctioneer for full legal description.
TRACT #2-(36 acres m/l)-Average CSR2 of 64.5. Property taxes are $616/year.
TRACT #2-FARM PROGRAM INFORMATION:
Cropland: 30.77 acres
Corn Base: 24.10 acres PLC Yield: 149 bu.
Bean Base: 6.40 acres PLC Yield: 41 bu.
This farm is classified as Non-Highly Erodible Land with any Wetlands considered prior converted.
FARM LEASE: The subject property is rented for the 2017 crop year, with Sellers retaining the 100% of the 2017 cash rent. All leases for 2018 have been terminated. Contact auctioneer for details.
*Farm is leased for the 2018 crop year with Buyer to received 100% of that cash rent.*
LISTING #18102 Terms and Conditions
SALE METHOD: This property will be sold as two individual tracts and will not be combined. Tract #1 will be sold as 70 acres m/l and Tract #2 will be sold as 36 acres m/l.
IMPROVEMENTS: The improvements on these parcels are perimeter fence and field drainage tile. *Farms are pattern-tiled. Please see tile maps.*
*There is a wind turbine overhang easement. All payments for 2018 will go to the buyer.*
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 March 15, 2018, 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 March 15, 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: Mike Holt
SELLERS: Evelyn & Mike Cross, Lyle Hanson, Ray Peterson 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.