TRACT #1 PRICE: $10,750/acre
TRACT #2 PRICE: $10,500/acre
Jeffrey T. Obrecht (515-689-1648)
AERIAL MAP - TRACT #1
AERIAL MAP - TRACT #2
SOILS MAP - TRACT #1
SOILS MAP - TRACT #2
TILE MAP - TRACT #1
TILE MAP - TRACT #2
DESCRIPTION: 160 acres m/l of north-central Grundy County land is currently offered for sale. This property consists of 160 acres m/l and has approximately 147.12 crop acres, with the balance in roads. This property has a CSR2 of 86.9, with the county average CSR2 being 87.2.
DIRECTIONS: From Holland, Iowa, go west on County Blacktop D-35 and follow it north 3.5 miles. The property is located 1.5 miles north of County Blacktop D-25 on L Avenue. The property is located in the SE corner of the intersection of L Avenue and 170th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: The Northwest Quarter (NW1/4) in Section Eleven (11), Township Eighty-eight (88) North, Range Seventeen (17), West of the 5th P.M., Grundy County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 147.12 acres
Corn Base: 75.60 acres PLC Yield: 184 bu.
Bean Base: 71.52 acres PLC YIeld: 51 bu.
This farm had an averge bean yield in 2017 & 2019 of 65 bu./acre and a corn yield in 2018 of 271 bu./acre. This farm is classified as Non-Highly Erodible Land. This farm does not contain a Wetland or a Farmed Wetland.
DESCRIPTION: 80 acres m/l of north-central Grundy County land is currently offered for sale. This property consists of 80 acres m/l and has approximately 78.58 crop acres, with the balance in roads. This property has a CSR2 of 80.5, with the county average CSR2 being 87.2.
DIRECTIONS: From Grundy Center, Iowa, go North on State Highway #14 to County Blacktop D-35, then east on D-35 1 mile to Q avenue, then north on Q Avenue ¾ mile. The property is located on the east side of Q Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: The North One-half of Southwest Quarter (N1/2 SW1/4) in Section Twenty-nine (29), Township Eighty-eight (88) North, Range Sixteen (16), West of the 5th P.M., Grundy County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 78.58 acres
Corn Base: 39.50 acres PLC Yield: 184 bu.
Bean Base: 39.08 acres PLC YIeld: 51 bu.
This farm had an average corn yield in 2017 & 2019 of 232 bu./acre and a bean yield in 2018 of 65 bu./acre. This farm is classified as Non-Highly Erodible Land. This farm does not contain a Wetland or a Farmed Wetland.
LISTING #20104 Terms and Conditions
FARM LEASE: Both properties are leased for 2020. Contact realtor for terms and conditions of the lease.
SALE METHOD: Tract #1 will be sold as 160 acres m/l and Tract #2 will be sold as 80 acres m/l.
IMPROVEMENTS: Both tracts are unimproved except for field drainage tile and perimeter fence.
TAXES: Tract #1: $4,580/year. Tract #2: $2,110/year. 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: Robert Mallory
SELLERS: Summit Ag Funds II, LLP
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.
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