Mid Iowa Real Estate, Auctions, & Appraisals

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BUTLER COUNTY: 283 ACRES M/L

#1 - $6,750/acre. #2 - $8,300/acre.

 

-OFFERED IN MULTIPLE TRACTS-

FRIDAY, SEPTEMBER 28th, 2018, at 10:00 AM

ALLISON PUBLIC LIBRARY

412 3rd STREET

ALLISON, IOWA

 

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

 

LISTING #18130

DESCRIPTION:  283 acres m/l to be offered in two tracts of 180 acres m/l &103 acres m/l at auction on Friday, September 28, 2018, at 10:00 A.M.  Tract #1 consists of 180 acres m/l, with 179.73 taxable acres,161.35 cropland acres, and 15 acres of pasture.  Tract #2 consists of 103 acres m/l, with 102.4 taxable acres and 102.55 cropland acres.  Tract #1 has a CSR2 rating of 78, with Tract #2 having a CSR2 rating of 83.9. The county average CSR2 is 74.5.

 

TRACT #1-DIRECTIONS:  From Dumont, Iowa, go north on County Blacktop T-16 to 160th Street, then west ½ mile. Farm is located on the south side of 160 Street.  Please watch for real estate signs.

 

TRACT #1-LEGAL DESCRIPTION:  (180 acres m/l) The Northeast Fractional Quarter (NE Frl. ¼) in Section Five (5), Township Ninety-two (92) North, Range Eighteen (18), West of the 5th P.M., Butler County, Iowa, Except Parcel A. Please refer to abstract for exact legal description.

 

TRACT #1-FARM PROGRAM INFORMATION:

Cropland:  161.35 acres

Corn Base:  80.44 acres   PLC Yield: 156 bu.

Bean Base:  80.66 acres  PLC Yield: 49 bu.179.73

 

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.

 

TRACT #1-PROPERTY TAXES:  $4904/year.  Property taxes will be prorated to date of closing.

 

TRACT #2-DIRECTIONS:  From Dumont, Iowa, go south on County Blacktop T-16 to 220th Street, then west 1 1/8* mile. Farm is located on the north side of 220 Street.  Please watch for real estate signs. *updated

 

TRACT #2-LEGAL DESCRIPTION:  (103 acres m/l) The Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), South One-Half of the Southeast Quarter (S1/2 SE1/4), Except Beginning at the SE corner, then North 1320.66’, West 533.96’, South 1320.89’, East 532.66’ to POB, all in Section Thirty-two (32), Township Ninety-two (92) North, Range Eighteen (18), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for exact legal description.

 

TRACT #2-FARM PROGRAM INFORMATION:

Cropland:  102.55 acres

Corn Base:  100.60 acres  PLC Yield:  143 bu.

 

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time. 

 

TRACT #2-PROPERTY TAXES:  $3076/year.  Property taxes will be prorated to date of closing.

 

TRACTS #1 & #2-FARM LEASE:  Sellers are to retain all of the 2018 cash rent.  The farm lease for 2019 has been terminated.

 

LISTING #18130  Terms and Conditions

 

SALE METHOD:  This property will be sold as two individual tracts and will not be combined.  Tract #1 will be offered as 180 acres m/l and Tract #2 will be offered as 103 acres m/l.

 

IMPROVEMENTS:  Improvements include field drainage tile and perimeter fence on both Tracts #1 & #2.

                       

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 November 1, 2018, subject to the current cash rent lease and current tenant’s rights for the 2018 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 November 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:  Steve Hendricks

 

SELLER:  V. Blaine Lenz 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 the auction.  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.  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.

 

BROCHURE

 

AERIAL MAP - TRACT #1

AERIAL MAP - TRACT #2

 

PLAT MAP

 

SOILS MAP - TRACT #1

SOILS MAP - TRACT #2

 

TILE MAP - TRACT #1

 

 

 

 

 

 

 

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