FRIDAY, NOVEMBER 13th, 2020, at 10:00 AM
POWESHIEK COUNTY FAIRGROUNDS
425 E ST. S
*Due to the ongoing COVID-19 pandemic, face masks are strongly recommended and social distancing should be maintained.
Jeffrey T. Obrecht (515-689-1648)
Archie Kuntz (641-510-2109)
DESCRIPTION: 80 acres m/l to be offered at auction on Friday, November 13th, 2020, at 10:00 A.M. This property consists of 80 acres m/l, of which there are approximately 78.8 taxable acres and 76.52 cropland acres m/l. This tract has an average CSR2 of 81.9, with the Poweshiek County average CSR2 being 67.
DIRECTIONS: From Grinnell, Iowa, go east on Highway #6 to 70th Street, then go on north 70th Street 3 miles. This property is located on the west side of 70th Street. Or from Grinnell, Iowa, go north on County Highway #146 to County Highway F-17, then go east on Blacktop F-17 to 70th Street, then 3/4 mile south on 70th Street. This property is located on the west side of 70th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: (80 Acres M/L) The South One-Half of the Southeast Quarter (S1/2 SE1/4) all in Section Twenty-five (25), Township Eighty-one (81) North, Range Sixteen (16), West of the 5th P.M., Poweshiek County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 76.52 acres
Corn Base: 39.1 acres PLC Yield: 149 bu.
Bean Base: 36.7 acres PLC Yield: 47 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The current cash rent lease has been terminated. The subject property is presently open for the 2021 crop year.
IMPROVEMENTS: This property has had some tile installed over the years. The other improvements are other field drainage tile and perimeter fence.
LISTING #20133 - TERMS AND CONDITIONS
SALE METHOD: This tract will be sold as an individual tract of 80 acres m/l.
TAXES: $2,600/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 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 23, 2020, subject to the current cash rent lease and current tenant’s rights for the 2020 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 23, 2020. 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: Mike Horn
SELLERS: Judy Hill and Thomas A. Welsch & Joyce M. Welsch Living Family Trust
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.