LIST PRICE: $7,750/acre
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 85 acres m/l of Southeastern Franklin County land is currently offered for sale. This property consists of 85 acres m/l and has approximately 55.09 crop acres, with the balance in pasture and roads. This property has a CSR2 of 86.3, with the county average CSR2 being 80.7.
DIRECTIONS: From Ackley, Iowa, go west on County Blacktop #57 to County Blacktop S-55, then north on S-55 to 40th Street, then west 1/2 mile. The property is located on the south side of 40th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: The East One-Half of the Northwest Quarter (E1/2 NW1/4)) in Section Twenty-five (25), Township Ninety (90) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 55.09 acres
Corn Base: 42.8 acres PLC Yield: 169 bu.
Bean Base: 12.28 acres PLC YIeld: 52 bu.
This farm is classified as Non-Highly Erodible Land. This farm does not have a Wetland determination completed at this time.
FARM LEASE: This property is owner operated except for the pasture land. The lease on the pasture will be terminated prior to September 1, 2020.
LISTING #20124 - Terms and Conditions
SALE METHOD: This property will be sold as one individual tract of 85 acres m/l or could be split into one tract of 51 acres and one tract of 34 acres. If split, the property will be surveyed to determine final acres.
IMPROVEMENTS: The subject property is unimproved except for field drainage tile and perimeter fence.
TAXES: $2,392/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: Seth Schroeder
SELLER: Kruger Farms, Inc
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.