LIST PRICE: $4,000/acre

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

Archie Kuntz (641-510-2109)

LISTING #19120






DESCRIPTION: 260 acres m/l of southern Tama County land is currently offered for sale. This property consists of 260 acres m/l, of which there are an estimated 255.87 taxable acres with all of the land being in Walnut, Green Ash, Red Oak, and Pine trees. This property has an average CSR2 of 78.1, with the county average CSR2 being 70.4. Excellent quality tract of timber with wildlife in southern Tama County. This tract currently has 179.16 acres (Est) in CRP with a total annual payment of $47,505 or $265.15/acre until 2023 & 2027.

DIRECTIONS: From Brooklyn, Iowa, go north on County Blacktop V-18 to 400th Street, then west to Q. Avenue, then 1/2 mile north on Q. Avenue. Property is located on the east side of Q. Avenue. Please watch for real estate signs.

LEGAL DESCRIPTION: The Northwest Quarter (NW1/4); North One-Half of the North One-Half of the Northeast Quarter (N1/2 N1/2 NE1/4); North Sixty (60) Acres of the West One-Half of the Northeast Quarter (N. 60A W1/2 NE1/4) in Section Thirty-five (35), Township Eighty-two (82) North, Range Fourteen (14), West of the 5th P.M., Tama County, Iowa. Please refer to abstract for exact legal description.

FARM PROGRAM INFORMATION: This tract currently has 228.64 acres (Est) in cropland according to FSA. This tract currently has 179.16 acres (Est) in CRP with a total annual payment of $47,505 or $265.15/acre until 2023 & 2027.

This farm is classified as Highly Erodible Land and has a conservation plan in place. The Wetlands determination is not complete at this time. FSA will be responsible for the final split of this parcel, as it is part of a larger farm.

FARM LEASE: The subject property is owner operated and is currently in CRP. Contact realtor for details.


SALE METHOD: This property will be sold as 260 acres m/l.

IMPROVEMENTS: The subject property is unimproved except for perimeter fence and field drainage tile. All of this property is in Walnut, Green Ash, Red Oak, and Pine trees that were planted in 1991-1992-1993.

TAXES: $7,348/year or $28.71/taxable acre

MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT: A 10% earnest money payment is required with all offers. 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, which will occur 30 days from the acceptance of an offer by all parties, subject to the current tenants’ rights.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Seller to pay all escrow closing costs.

CLOSING: Closing will occur 30 days after acceptance of an offer by all parties or whatever date is negotiated by buyer and seller. 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.

ATTORNEY: Steve Kenkel

SELLERS: Rodney F. Horrigan & Carol T. Horrigan 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 submitting an offer. 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.

Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.