TRACT #1 - $5,000/acre. TRACT #2 - PENDING.
-OFFERED IN MULTIPLE TRACTS-
FRIDAY, APRIL 5th, 2019, at 10:00 AM
SOUTH HARDIN RECREATION AREA
601 CHAPIN STREET
Jeffrey T. Obrecht (515-689-1648)
Archie Kuntz (641-510-2109)
45 ACRES M/L AERIAL
DESCRIPTION: 45 acres m/l and a separate dwelling will be offered at auction on Friday, April 5th, 2019, at 10:00 A.M. Tract #1 consists of 45 acres m/l, of which there are 44.73 taxable acres and approximately 45.58 cropland acres. This property has an average CSR2 of 75.1, with the county average CSR2 being 79.7. Tract #2 consists of an older 2-story home that is located on about 7/10 acre. This residence has 2623 sq. ft. of living space with a forced air furnace and air conditioning. The property also has 4 garage spaces and a large storage building.
DIRECTIONS: From Union, Iowa, go south on County Blacktop S-62 ¼ mile. Properties are located on the east side of S-62. Please watch for real estate signs.
TRACT #1-LEGAL DESCRIPTION: The East 483.5’ of the South 634’ of the Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), Except a tract-Section 21; Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4), Except the North 1235.8’ of the West 429’-Section 21; Part of the Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4) West of Woods 1st Block C, Except a tract-Section 22; West 10A of the Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4)-Section 22, Township Eighty-six (86) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.
TRACT #1-FARM PROGRAM INFORMATION:
Cropland: 45.58 acres
Corn Base: 21.5 acres PLC Yield: 133 bu.
Bean Base: 21.5 acres PLC Yield: 41 bu.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
TRACT #1-FARM LEASE: The farm is leased for 2019 with the seller retaining all of the 1st half cash rent paid on 3-1-19 and the buyer receiving 100% of the cash rent paid on 11-1-19. The cash rent lease for 2020 has been terminated.
PROPERTY TAXES: $1018/year. Property taxes will be prorated to date of closing.
TRACT #2-LEGAL DESCRIPTION: A tract located in the NW corner of the Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4) (Parcel # 861928200003) Hardin County, Iowa. Please refer to abstract for exact legal description.
DWELLING: This home has 10 total rooms with 4 bedrooms and 2 baths. There are 2623 square feet of living space. The home has a forced air furnace with central air conditioning. The property also has 4 garage spaces along with another storage building. Buyer is responsible for any and all septic system updates to comply with county and state regulations. This property is being sold ‘‘AS IS, WHERE IS.“
*TO VIEW THE HOME, PLEASE CONTACT AUCTIONEER.*
LISTING #19109 TERMS AND CONDITIONS
SALE METHOD: These properties will be offered as two separate parcels and will then be offered as a total combination. The property will sell in the manner that produces the most money.
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 of Tract #1 will be granted at closing, on or about June 1, 2019, subject to the current cash rent lease and current tenant’s rights for the 2019 crop year. Possession for Tract #2 will be available immediately upon closing.
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 June 1, 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: Sean K. Heitman
SELLERS: Donald Beach
(Scott Beach-Denise Carnahan-Kevin Beach P.O.A.)
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.