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LIST PRICE: $9,600/acre


LISTING #20105

DESCRIPTION: 192 acres m/l of south-central Hancock County land is currently offered for sale. This property consists of 192 acres m/l and has approximately 184.66 crop acres, with the balance in roads. This property has a CSR2 of 79.6, with the county average CSR2 being 78.7.

DIRECTIONS: From Klemme, Iowa, go west on County Blacktop B-55 approximately 4.5 miles. The property is located on the south side of B-55 or 170th Street. Please watch for real estate signs.

LEGAL DESCRIPTION: The Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4); The Northwest Quarter (NW1/4), Except Parcel A, all in Section Thirty-two (32), Township Ninety-five (95) North, Range Twenty-four (24), West of the 5th P.M., Hancock County, Iowa. Please refer to abstract for the exact legal description.


Cropland: 184.66 acres

Corn Base: 160.66 acres PLC Yield: 127 bu.

Bean Base: 23.40 acres PLC YIeld: 31 bu.

This farm has corn yields the last three years that averaged 211/bu/acre.

This farm is classified as Non-Highly Erodible Land. This farm does contain a Wetland or a Farmed Wetland. This farm does have a manure easement in effect at this time. Contact realtor for terms of that agreement.

FARM LEASE: The subject property is leased for 2020. Contact realtor for terms and conditions of the lease.

LISTING #20105 Terms and Conditions

SALE METHOD: This property will be sold as 192 acres m/l.

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

TAXES: $5,508/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 Malloy

SELLER: Summit Ag Fund 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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