SOLD: $7,700/ACRE

FRIDAY, NOVEMBER 15th, 2019 at 10:00 AM


1608 3rd STREET NE


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

LISTING #19127






DESCRIPTION: 80 acres m/l to be offered at auction on Friday, November 15th, 2019, at 10:00 A.M. This property consists of 80 acres m/l, of which there are approximately 79 taxable acres and 82.26 cropland acres m/l. This tract has an average CSR2 of 83.4, with the Hancock County average CSR2 being 78.7.

DIRECTIONS: From Goodell, Iowa, go north on State Highway #69 to 120th Street, then west on 120th Street 1/4 mile. This property is located on the north side of 120th Street. From Garner, Iowa, go south on State Highway #69 to 120th Street, then west on 120th Street 1/4 mile. The subject property is located on the north side of 120th Street. Please watch for real estate signs.

LEGAL DESCRIPTION: (80 Acres M/L) The West One-Half of the Southeast Quarter (W1/2 SE1/4) of Section Twenty-four (24), Township Ninety-four (94) North, Range Twenty-four (24), West of the 5th P.M, Hancock County, Iowa. Please refer to abstract for the exact legal description.

PROPERTY TAXES: $2496/year

Property taxes will be prorated to date of closing.

IMPROVEMENTS: This property has a single storage bin in the SW corner of the property. The other improvements are field drainage tile and perimeter fence.


Cropland: 82.26 acres

Corn Base: 67.8 acres PLC Yield: 151 bu.

Bean Base: 14.4 acres PLC YIeld: 45 bu.

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

FARM LEASE: Sellers are to retain all of the 2019 cash rent due for 2019. Contact the auctioneer for details. The lease for 2020 has been terminated.


SALE METHOD: This property will be sold as one single tract of 80 acres m/l.

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 December 15, 2019, 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 December 15, 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: Eric Simonson

SELLER: Rosemary Walter 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.