Jeffrey T. Obrecht (515-689-1648)
DRAINAGE DISTRICT MAP
DESCRIPTION: 160 acres m/l of eastern Franklin County land is currently offered for sale. This property consists of 160 acres m/l, of which there are approximately 154.3 taxable acres and 112.54 cropland acres m/l. This property has an average CSR2 of 72.9, with the county average CSR2 being 80.7. Good quality land located in a strong farming area of Franklin County.
DIRECTIONS: From Hampton, Iowa, go east on State Highway #3 to Raven Avenue, then go north on Raven Avenue to 175th Street, then go east on 175th Street 1/2 mile. Property is located on the south side of 175th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: The Southeast Quarter (SE1/4) of Section Thirteen (13), Township Ninety-two (92) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 112.54 acres (Est)
Corn Base: 72.30 acres PLC Yield: 141 bu.
Bean Base: 39.71 acres PLC YIeld: 43 bu.
This farm is classified as Non-Highly Erodible Land. This property does contain a wetland or farmed wetland.
FARM LEASE: The subject property has no lease in place at this time and is open for 2020.
LISTING #19132 TERMS AND CONDITIONS
SALE METHOD: This property will be sold as 160 acres m/l.
IMPROVEMENTS: The subject property is unimproved except for field drainage tile and perimeter fence.
TAXES: $4,406/year. Property taxes will be prorated to date of closing.
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 after acceptance of an offer by all parties.
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 after on 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: Dan Stockdale
SELLER: W.K. Meyer Farms, LC
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.