Mid Iowa Real Estate, Auctions, & Appraisals

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FRANKLIN & HARDIN COUNTIES: 207 ACRES M/L

TRACT #1-$9,700. TRACT #2-$7,550. TRACT #3-$10,300.

 

OFFERED IN MULTIPLE TRACTS

SATURDAY, SEPTEMBER 21st, 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 #19122

 

 

BROCHURE

 

TRACT #1 - AERIAL MAP

TRACT #2 - AERIAL MAP

TRACT #3 - AERIAL MAP

 

TRACT #1 - PLAT MAP

TRACT #2 - PLAT MAP

TRACT #3 - PLAT MAP

 

TRACT #1 - SOILS MAP

TRACT #2 - SOILS MAP

TRACT #3 - SOILS MAP

 

TRACT #2 - SURVEY

 

 

 

 

DESCRIPTION: 207 acres m/l to be offered in 3 tracts of 78 acres m/l, 96 acres m/l, and 33 acres m/l at auction on Saturday, September 21, 2019, at 10:00 A.M.  The total property consists of 207 acres m/l, of which there are an estimated combined 202 taxable acres and 200.4 cropland acres m/l.  This property has average CSR2’s from 82 to 90.6 with the Franklin County average CSR2 being 80.7 and the Hardin County average CSR2 being 79.7.

 

DIRECTIONS: Tract #1-From Ackley, Iowa, go west on County Highway #57 to County Blacktop S-55 (Spruce Avenue), then north 5 miles. Tract #1 is located in the NE corner of the intersection of Spruce Avenue and 70th Street. Tract #2-From Ackley, Iowa, go west on County Highway #57 to County Blacktop S-55 (Spruce Avenue), then north 2.25 miles. Tract #2 is located on the west side of County Blacktop S-55. Tract #3-From Ackley, Iowa, go west on County Highway #57 to County Blacktop S-55, then south on S-55 4.25 miles to 145th Street, then east 1/4 mile on 145th Street. Tract #3 is located on the south side of 145th Street.  Please watch for real estate signs.

 

TRACT #1

LEGAL DESCRIPTION: (78A M/L)  Southwest Quarter of the Southwest Fractional Quarter (SW1/4 SW Frl.1/4); Parcel B in the NW1/4 SW1/4; Part of the Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4) described in Survey 05-0308, all in Section Six (6), Township Ninety (90) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.

 

This property consists of 78 gross acres m/l, with approximately 75.15 taxable acres and 74.18 crop acres m/l. This property has an average CSR2 rating of 90.6, with the county average being 80.7.

 

FARM PROGRAM INFORMATION:

Cropland: 74.18 acres  

Corn Base: 46.18 acres           PLC Yield: 130 bu.

Bean Base: 26.9 acres             PLC Yield: 42 bu.

 

This farm is classified as Non-Highly Erodible Land with no Wetlands determination complete. 

 

PROPERTY TAXES: $2426/year

Property taxes will be prorated to date of closing.

 

IMPROVEMENTS: None

 

TRACTS #1, #2, & #3-FARM LEASE: Sellers are to retain all of the 2019 cash rent. Contact the auctioneer for details. The lease for 2020 has been terminated.

 

TRACT #2

DIRECTIONS: Tract #2-From Ackley, Iowa, go west on County Highway #57 to County Blacktop S-55 (Spruce Avenue), then north 2.25 miles. Tract #2 is located on the west side of County Blacktop S-55.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: (96A M/L) The Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4), Except a Parcel described in Survey #02-0769; Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4), Except Parcel described in Survey #02-0769; Tract in the Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4) & Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4) described in Survey #02-769, Except a Parcel described in Survey #031-549; Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), except Parcel B in the SW portion, all in Section Twenty-four (24), Township Ninety (90) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal. 

 

This property consists of 96 gross acres m/l, with approximately 95 taxable acres and 94 crop acres m/l. This property has an average CSR2 rating of 82, with the county average being 80.7.

 

FARM PROGRAM INFORMATION:

Cropland: 94 acres (Est)

Corn Base: 59 acres               PLC Yield: 130 bu.

Bean Base: 35 acres               PLC Yield: 42 bu.

 

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination complete at this time. Of the above estimated 94 crop acres, there are 1.04 acres in CRP at $373.44/acre until 2024 and another contract of 8/10 acre bid in at $241.20/acre until 2021.  The above tract has an exception and the FSA office will be responsible for splitting the base and the acres.

 

PROPERTY TAXES: $2660/year (Est)

Property taxes will be prorated to date of closing.

 

IMPROVEMENTS: None

 

TRACTS #1, #2, & #3-FARM LEASE: Sellers are to retain all of the 2019 cash rent. Contact the auctioneer for details. The lease for 2020 has been terminated.

 

TRACT #3

DIRECTIONS:  Tract #3-From Ackley, Iowa, go west on County Highway #57 to County Blacktop S-55, then south on S-55 4.25 miles to 145th Street, then east 1/4 mile on 145th Street. Tract #3 is located on the south side of 145th Street.  Please watch for real estate signs.

 

LEGAL DESCRIPTION: (33A M/L) The Southeast Quarter of the Northwest Quarter (SE1/4 NW1/4), Except Parcel A and Except E.10.92A of the W1/2 NW1/4 lying South of the Highway in Section Thirty (30), Township Eighty-nine (89) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal.

 

This property consists of 33 gross acres m/l, with approximately 31.46 taxable acres and 32.22 crop acres m/l. This property has an average CSR2 rating of 86.5, with the county average being 80.7.

 

FARM PROGRAM INFORMATION:

Cropland: 32.22 acres 

Corn Base: 19.1 acres             PLC Yield: 130 bu. 

Bean Base: 13.1 acres             PLC Yield: 13.1 bu.

 

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

 

PROPERTY TAXES: $818/year

Property taxes will be prorated to date of closing.

 

IMPROVEMENTS: None

 

TRACTS #1, #2, & #3-FARM LEASE: Sellers are to retain all of the 2019 cash rent. Contact the auctioneer for details. The lease for 2020 has been terminated.

 

LISTING #19122  TERMS AND CONDITIONS

SALE METHOD: Tracts #1, #2 & #3 will be offered as individual tracts and will not be combined.  Tract #1 will be sold as 78 acres m/l,  Tract #2 will be sold as 96 acres m/l, and Tract #3 will be sold as 33 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 October 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 October 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: Pat Craig

 

SELLERS: Paul & Shannon Burkle 

 

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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