Mid Iowa Real Estate, Auctions, & Appraisals

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WRIGHT COUNTY: 118 ACRES M/L

TRACT #1 - $7,600/acre. TRACT #2 - $6,900/acre.

 

-OFFERED IN MULTIPLE TRACTS-

FRIDAY, JANUARY 18th, 2019, at 10:00 AM

CATTLEMAN'S AT THE CLUB

1608 3rd ST. NE

BELMOND, IOWA

 

LISTING AGENT:  Jeffrey T. Obrecht (515-689-1648)

LISTING #18138

 

BROCHURE

 

TRACT #1 - AERIAL MAP

TRACT #2 - AERIAL MAP

 

PLAT MAP

 

TRACT #1 - SOILS MAP

TRACT #2 - SOILS MAP

 

 

DESCRIPTION:  118acres m/l to be offered in two tracts at auction on Friday, January 18th, 2019, at 10:00 A.M.  Tract #1 consists of  40 acres m/l, of which there are 39.5 taxable acres and 40.18 cropland acres m/l. Tract #2 consists of 78 acres m/l, of which there are 77.65 taxable acres and 73.9 cropland acres m/l.  Tract #1 has an average CSR2 of 79.6, with Tract #2 having an average CSR2 rating of 78.3. The county average CSR2 for Wright County is 82.2.

 

DIRECTIONS:  Tract #1-From Belmond, Iowa, go east on County Blacktop C-20 to Youngblood Avenue, then go north 1/2 mile on Youngblood Avenue. Tract #1 is located on the east side of Youngblood Avenue. Tract #2-From Belmond, Iowa, go east on County Blacktop C-20 to Victor Avenue. Tract #2 is located in the southwest corner of the intersection of C-20 and Victor Avenue. Please watch for real estate signs.

 

TRACT #1-LEGAL DESCRIPTION:  (40 acres m/l) The North One-Half of the North One-Half of Southwest Quarter (N1/2 N1/2 SW1/4), all in Section Thirteen (13), Township Ninety-three (93) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa. Please refer to abstract for exact legal description.

 

TRACT #1-FARM PROGRAM INFORMATION:

Cropland:  40.18 acres (Est)

Corn Base:  35.8acres (Est)     PLC Yield:  132 bu.

Bean Base:  4.34acres (Est)     PLC Yield:  48  bu.

 

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time. The FSA office will be responsible for splitting the acres and bases on this parcel, if it sells separately, as the above numbers are estimates.

 

PROPERTY TAXES:  $1214/year.  Property taxes will be prorated to date of closing.

 

TRACT #2-LEGAL DESCRIPTION:  (78 acres m/l) The East One-Half of the Northeast Quarter (E1/2 NE1/4), all in Section Twenty-one (21), Township Ninety-three (93) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa. Please refer to abstract for exact legal description.

 

TRACT #2-FARM PROGRAM INFORMATION:

Cropland:  73.9 acres (Est)

Corn Base:  46.96acres (Est)   PLC Yield:  132 bu.

Bean Base:  5.84acres (Est)     PLC Yield:  48 bu.

 

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time. This property does have 25 acres in a CRP contract bid in at $349/acre for 9 years.  The FSA office will be responsible for splitting the acres and bases on this parcel, if they sell separately, as the above numbers are estimates.

 

PROPERTY TAXES:  $2252/year.  Property taxes will be prorated to date of closing.

 

LISTING #18138 TERMS AND CONDITIONS

 

TRACTS #1 & #2-FARM LEASE:  Sellers are to retain all of the 2018 cash rent.  The farm lease for 2019 has been terminated.  Tenant to be reimbursed for fall fertilizer and application. Contact auctioneer for details.

 

SALE METHOD:  This property will be sold as two single tracts and will not be combined.  Tract #1 will be sold as 40 acres m/l  and Tract #2 will be sold as 78 aces 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 February 18, 2019, 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 February 18, 2019.  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:  Gary Berkland

 

SELLERS:  Dennis D. Hauge, Jean A. McMillin, 

                   Linda K. Shaw, & Kimberly J. Laidlaw

 

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.

 

 

 

 

 

 

 

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