Mid Iowa Real Estate, Auctions, & Appraisals

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POWESHIEK COUNTY: 237 ACRES M/L

OFFERED IN MULTIPLE TRACTS

THURSDAY, DECEMBER 12th, 2019 at 10:00 AM

DEEP RIVER COMMUNITY CENTER

701 MAIN STREET

DEEP RIVER, IOWA

 

LISTING AGENTS:

Jeffrey T. Obrecht (515-689-1648)

Archie Kuntz (641-510-2109)

 

LISTING #19129

 

BROCHURE

 

TRACT #1 - AERIAL MAP

TRACT #2 - AERIAL MAP

TRACT #3 - AERIAL MAP

 

PLAT MAP

 

TRACT #1 - SOILS MAP

TRACT #2 - SOILS MAP

TRACT #3 - SOILS MAP

 

 

DESCRIPTION: 237 acres m/l to be offered in three individual tracts at auction on Thursday, December 12th, 2019, at 10:00 A.M. Tract #1 consists of 77 acres m/l, of which there are 76 taxable acres m/l and 75 cropland acres m/l. Tract #2 has 80 acres m/l, of which there are 79 taxable acres m/l and 78 cropland acres m/l. Tract #3 has 80 acres m/l, of which there are 77 taxable acres m/l and 78 cropland acres m/l. Tract #1 has an average CSR2 of 75, Tract #2 has an average CSR2 of 81.1, and Tract #3 has an CSR2 of 81.5. Poweshiek County has an average CSR2 of 67.

 

DIRECTIONS: Tracts #1 & #2-From Deep River, Iowa, go south on County Highway #21 to county rock road 530th Avenue, then west on 530th Avenue one mile. Tracts #1 & #2 are located in the northwest corner of the intersection of 530th Avenue and 210th Street. Tract #3-From Deep River, Iowa, go south on County Highway #21 to county rock road 530th Avenue, then west on 530th Avenue one mile. Tract #3 is located in the southwest corner of the intersection of 530th Avenue and 210th Street. Please watch for real estate signs.

 

TRACT #1

LEGAL DESCRIPTION: (77 Acres M/L) The West One-Half of the Southeast Quarter (W1/2 SE1/4) of Section Twenty-nine (29), Township Seventy-eight (78) North, Range Thirteen (13), West of the 5th P.M, Poweshiek County, Iowa, Except 3 acres m/l in the SW1/4 SE1/4. Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION*:

Cropland: 75 acres (Est)

Corn Base: 40 acres            PLC Yield: 157 bu.

Bean Base: 32 acres           PLC Yield: 54 bu.

Oats Base: 1 acre                PLC Yield: 60 bu.

 

This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. 

 

*The FSA office will be responsible for splitting the acres and bases on these parcels as the Farm Program Information numbers are estimates and are combined with the balance of the farm.

 

PROPERTY TAXES: $2050/year (Est) Property taxes will be prorated to date of closing.

 

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence. 

 

TRACT #2

LEGAL DESCRIPTION: (80 Acres M/L) The East One-Half of Southeast Quarter (E1/2 SE1/4) of Section Twenty-nine (29), Township Seventy-eight (78) North, Range Thirteen (13), West of the 5th P.M., Poweshiek County, Iowa. Please refer to the abstract for exact legal description

 

FARM PROGRAM INFORMATION*:

Cropland: 78 acres (Est)

Corn Base: 41 acres            PLC Yield: 157 bu.

Bean Base: 33 acres           PLC Yield: 54 bu.

Oats Base: 1 acre                PLC Yield: 60 bu.

 

This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. 

 

*The FSA office will be responsible for splitting the acres and bases on these parcels as the Farm Program Information numbers are estimates and are combined with the balance of the farm.

 

PROPERTY TAXES: $2320/year (Est)  Property taxes will be prorated to date of closing.

 

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

 

TRACT #3

LEGAL DESCRIPTION: (80 Acres M/L) The North One-Half of Northeast Quarter (N1/2 NE1/4) of Section Thirty-two (32), Township Seventy-eight (78) North, Range Thirteen (13), West of the 5th P.M., Poweshiek County, Iowa. Please refer to the abstract for exact legal description

 

FARM PROGRAM INFORMATION*:

Cropland: 78 acres (Est)

Corn Base: 41 acres            PLC Yield: 157 bu.

Bean Base: 34 acres           PLC Yield: 54 bu.

Oats Base: 1 acre                PLC Yield: 60 bu.

 

This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. 

 

 *The FSA office will be responsible for splitting the acres and bases on these parcels as the Farm Program Information numbers are estimates and are combined with the balance of the farm.

 

PROPERTY TAXES: $2280/year (Est) Property taxes will be prorated to date of closing.

 

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

 

LISTING #19129 TERMS AND CONDITIONS

 

TRACTS #1, #2, & #3 FARM LEASE: Sellers are to retain all of the 2019 cash rent due for 2019. The property is leased for 2020 crop year. Contact the auctioneer for details.

 

SALE METHOD: The sale method used will be the Winning Bidders Choice method. The top bidder will get choice of the three tracts and can take as many tracts at the top bid price as they desire.

 

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 January 15, 2020, subject to the current cash rent lease and current tenant’s rights for the 2019 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 January 15, 2020.  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: Garrett Dozark

 

SELLERS: Doug McWilliams, Diane Erwin, Denise DeVore, & Darin McWilliams

 

 

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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