PRICE: $7,925/acre OR $1,300,000


Jeffrey T. Obrecht (515-689-1648)

LISTING #18126

DESCRIPTION: 164 acres m/l of Northern Hardin County land is currently offered for sale. This property consists of 164 acres m/l, of which there are 163.25 taxable acres and 151.27 cropland acres. This property has an average CSR2 of 73.5, with the county average CSR2 being 79.7.

DIRECTIONS: From Iowa Falls, Iowa, go northwest on S-33 or Siloam Avenue approximately 1 mile. Property is located on the north side of County Blacktop S-33. Please watch for real estate signs.

LEGAL DESCRIPTION: The Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4); Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) of Section Two (2) & the East One-half of the Northwest Quarter of the Northeast Quarter (E1/2 NW1/4 NE1/4); Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4); Part of the S1/2 NE1/4 N. of Road (Part. S1/2 NE1/4 N. of Rd), except Tracts all in Section Eleven (11), Township Eighty-nine (89) North, Range Twenty-one (21), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.


Cropland: 151.27 acres

Corn Base: 76.38 acres PLC Yield: 152 bu.

Bean Base: 74.89 acres PLC Yield: 42 bu.

This farm is classified as Non-Highly Erodible Land and does not contain a Wetland or a Farmed Wetland.

FARM LEASE: The subject property is rented for the 2018 crop year, with Sellers retaining the 100% of the 2018 income. The farm is open for the for 2019 crop year.

LISTING #18126 Terms and Conditions

SALE METHOD: This property will be sold as 164 acres m/l.

IMPROVEMENTS: The subject property is unimproved except for perimeter fence and field drainage tile. This 164 acres m/l had over 21,000 feet of tile installed in 2014.

TAXES: $3894/year or $23.83/taxable acre. 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 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.

ATTORNEY: Daniel Stockdale

SELLER: Madeline A. Mason 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 potential buyers are urged perform their due diligence on the subject property prior to making an offer. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change.

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.