Mid Iowa Real Estate, Auctions, & Appraisals

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HARDIN COUNTY: 248 ACRES M/L

OFFERED IN MULTIPLE TRACTS

FRIDAY, NOVEMBER 22nd, 2019 at 10:00 AM

ELLSWORTH COMMUNITY COLLEGE AG CENTER

709 ELLSWORTH AVENUE

IOWA FALLS, IOWA

 

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

 

LISTING #19128

 

BROCHURE

 

AERIAL MAP - TRACT #1

AERIAL MAP - TRACT #2

 

PLAT MAP - TRACT #1

PLAT MAP - TRACT #2

 

SOILS MAP - TRACT #1

SOILS MAP - TRACT #2

 

 

DESCRIPTION: 248 acres m/l to be offered in two individual tracts at auction on Friday, November 22nd, 2019, at 10:00 A.M. Tract #1 consists of 168 acres m/l, of which there are 164.67 taxable acres m/l and 163.39 cropland acres m/l. Tract #2 consists of 80 acres m/l with 79 taxable acres m/l and 79.79 cropland acres m/l. Tract #1 has an average CSR2 of 83, and Tract #2 has an average CSR2 of 80.2, with the county average CSR2 being 79.7.

 

DIRECTIONS: Tract #1-From Iowa Falls, Iowa, go south on State Highway #65 to County Blacktop D-25, then go west on D-25 to I Avenue, then go north on I Avenue 1/2 mile. Tract #1 is located on the east side of I Avenue. 

Tract #2-From Iowa Falls, Iowa, go south on State Highway #65 to County Blacktop D-25, then go west on D-25 to I Avenue, then go north on I Avenue 1 mile to 160th Street, then go east on 160th Street 1/4 mile. Tract #2 is located on the north side of 160th Street. Please watch for real estate signs.

 

TRACT #1

LEGAL DESCRIPTION: (168 Acres M/L) The Northwest Fractional Quarter (NW Frl. 1/4) of Section Five (5), Township Eighty-eight (88) North, Range Twenty-one (21), West of the 5th P.M., Hardin County, Iowa, Except Parcel #882105100002. Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland: 163.39 acres (Est)

Corn Base: 118.39 acres         PLC Yield: 140 bu.

Bean Base: 45 acres                PLC YIeld: 44 bu.

 

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

 

PROPERTY TAXES: $4214/year. 

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 Northwest Quarter (E1/2 NW1/4) of Section Thirty-four (34), Township Eighty-nine (89) North, Range Twenty-one (21), West of the 5th P.M., Hardin County, Iowa. Please refer to the abstract for exact legal description

 

FARM PROGRAM INFORMATION:

Cropland: 79.79 acres (Est)

Corn Base: 58.09 acres           PLC Yield: 140 bu.

Bean Base: 21.7 acres             PLC Yield: 44 bu.

 

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

 

PROPERTY TAXES: $1944/year.

Property taxes will be prorated to date of closing.

 

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

 

 

LISTING #19128 TERMS AND CONDITIONS

 

TRACTS #1 & #2-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: Tracts #1 & #2 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 168 acres m/l and Tract #2 will be sold as 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 27, 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 27, 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: Stacey Harding

 

SELLERS: Heard Farm Account

 

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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