Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 152.25 acres m/l of northeastern Story County land is currently offered for sale. This property consists of 152.25 acres m/l, with approximately 146.81 taxable acres and 146.39 cropland acres m/l. This property has an average CSR2 of 77.1, with the county average CSR2 being 81.1. Good quality land located in a strong farming area of Story County.
DIRECTIONS: From McCallsburg, Iowa, go north 1/2 mile on County Blacktop S-27. Property is located on the west side of S-27. Please watch for real estate signs.
LEGAL DESCRIPTION: The Northeast Quarter (NE1/4) of Section Fifteen (15), Township Eighty-five (85) North, Range Twenty-two (22), West of the 5th P.M., Story County, Iowa, Except Parcel A-Slide 530-Page 6 and except RR. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 146.39 acres (Est)
Corn Base: 81.92 acres PLC Yield: 129 bu.
Bean Base: 33.43 acres PLC Yield: 36 bu.
This farm is classified as Non-Highly Erodible Land. This property does contain a wetland or farmed wetland.
Of this 146.39 acres m/l, there are presently 31.03 acres in CRP at $341.76 until 2026.
FARM LEASE: The subject property is owner operated with no lease in place at this time.
LISTING #19131 TERMS AND CONDITIONS
SALE METHOD: This property will be sold as one tract of 152.25 acres m/l.
IMPROVEMENTS: The subject property is unimproved except for field drainage tile and perimeter fence.
TAXES: $3108/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 after July 1, 2020. Early possession is negotiable.
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 July 1, 2020, or whatever date is negotiated by buyer and seller after that date. 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: Jason Hyland
SELLERS: Mark K. Tjelmeland, Jeanette Tjelmeland Revocable Trust, TJ Family Farms Inc, Michael J. Tjelmeland, & Joan M. Vandekamp
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 map boundaries are approximate, and photographs used may or may not depict the actual property.
Buyer is encouraged to perform their own investigation of the property prior to making an offer.
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.