GRUNDY & HARDIN COUNTIES: 298 ACRES M/L


TRACT #1 - $8,800/ACRE. TRACT #2 - $5,100/ACRE.

OFFERED IN MULTIPLE TRACTS

FRIDAY, NOVEMBER 1st, 2019 at 10:00 AM

ACKLEY RECREATION CLUB

902 8th AVE.

ACKLEY, IOWA

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

LISTING #19125

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: 298 acres m/l to be offered in two single tracts at auction on Friday, November 1st, 2019, at 10:00 A.M. Tract #1 consists of 157 acres m/l and Tract #2 consists of 141 acres m/l.

DIRECTIONS: Tract #1-From Ackley, Iowa, go south on County Blacktop S-56 to 160th Street, then east on 160th Street 1.5 miles. Tract #1 is located on the north side of 160th Street. Tract #2-From Ackley, Iowa, go south on County Blacktop S-56 to 160th Street, then east on 160th Street 1.5 miles. Tract #2 is located on the south side of 160th Street. Please watch for real estate signs.

TRACT #1

LEGAL DESCRIPTION: (157 Acres M/L) The Southwest Fractional Quarter (SW Frl. 1/4) of Section Thirty-one (31), Township Eighty-nine (89) North, Range Eighteen (18), West of the 5th P.M, Grundy County, Iowa, Except Parcel 891-A and Except Parcel 664B. Please refer to abstract for exact legal description.

This property consists of 157 gross acres m/l, with approximately 156.53 taxable acres and 142.97 cropland acres m/l. This property has an average CSR2 rating of 88.3, with the county average being 87.2.

FARM PROGRAM INFORMATION:

Cropland: 142.97 acres (Est)

Corn Base: 74.14 acres PLC Yield: 172 bu.

Bean Base: 68.68 acres PLC YIeld: 49 bu.

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

PROPERTY TAXES: $4030/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: (141 Acres M/L) The Northeast Quarter of the Northwest Fractional Quarter (NE1/4 NW Frl. 1/4); Northwest Quarter of the Northeast Fractional Quarter (NW1/4 NE Frl. 1/4); Northwest Quarter of the Northwest Fractional Quarter of Section One (1), Township Eighty-eight (88) North, Range Nineteen (19), West of the 5th P.M. Hardin County, Iowa. Please refer to the abstract for exact legal description.

This property consists of 141 gross acres m/l, with approximately 137.4 taxable acres and 93.29 cropland acres m/l. This property has an average CSR2 rating of 80, with the county average being 79.7.

FARM PROGRAM INFORMATION:

Cropland: 93.29 acres (Est)

Corn Base: 48.37 acres PLC Yield: 172 bu.

Bean Base: 44.81 acres PLC YIeld: 49 bu.

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

PROPERTY TAXES: $3386/year. Property taxes will be prorated to date of closing.

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

LISTING #19125 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 157 acres m/l and Tract #2 will be sold as 141 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 6, 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 6, 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: Dale Hansmann

SELLERS: Dawn Richtsmeier & Linda Hill

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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