HAMILTON & WEBSTER COUNTIES: 173 ACRES M/L
TRACT #1-$8,350/acre
TRACT #2-$8,600/acre
TRACT #3-$7,300/acre
WEDNESDAY, SEPTEMBER 16th, 2020, at 10:00 AM
STANHOPE COMMUNITY CENTER
600 MAIN STREET
STANHOPE, IOWA
*Due to the ongoing COVID-19 pandemic, face masks are strongly recommended and social distancing should be maintained.
LISTING AGENT:
LISTING #20125
DESCRIPTION: 173 acres m/l to be offered in three individual tracts of 60 acres m/l, 40 acres m/l & 73 acres m/l at auction on Wednesday, September 16th, 2020, at 10:00 A.M. Tract #1 has an average CSR2 of 87.6, Tract #2 has an average CSR2 of 88.1, and Tract #3 has an average CSR2 of 72.3. The county average CSR2 for Hamilton County is 82.7 and Webster County is 77.7.
TRACT #1-60 ACRES M/L
DIRECTIONS: From Stratford, Iowa, go east on State Highway #175 to County Blacktop R-27, then south on R-27 2.5 miles. The subject property is on the east side of R-27 prior to reaching 390th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: (60 Acres M/L) The West One-Half of the Southwest Quarter (W1/2 SW1/4) in Section Twenty-seven (27), Township Eighty-six (86) North, Range Twenty-six (26), West of the 5th P.M., Hamilton County, Iowa, Except Parcel “C”. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 59.06 acres
Corn Base: 29.40 acres PLC Yield: 134 bu.
Bean Base: 29.40 acres PLC Yield: 38 bu.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
PROPERTY TAXES: $1,852/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements include field drainage tile and perimeter fence.
FARM LEASE: Sellers are to retain all of the 2020 cash rent. The farm lease for 2021 has been terminated
TRACT #2-40 ACRES M/L
DIRECTIONS: From Stratford, Iowa, go east on State Highway #175 to County Blacktop R-27, then south on R-27 to 390th Street, then west on 390th Street 1 mile to Erickson Avenue, then 1/2 mile north. The subject property is on the east side of Erickson Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (40 Acres M/L) The Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4) in Section Twenty-eight (28), Township Eighty-six (86) North, Range Twenty-six (26), West of the 5th P.M., Hamilton County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 39.8 acres
Corn Base: 19.70 acres PLC Yield: 134 bu.
Bean Base: 19.20 acres PLC Yield: 38 bu.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time. This property has 1/2 acre of CRP bid in at $385.20/acre or $193/year until 2024.
PROPERTY TAXES: $1,194/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated.
TRACT #3-73 ACRES M/L
DIRECTIONS: From Stratford, Iowa, go west and then south on County Blacktop D-64 and State Highway #175 following D-64 south after #175 goes west. County D-64 will then turn to the east and meet with County Blacktop R-21. The subject property is located in the NW corner of the intersection of D-64 and R-21 or from Stratford, Iowa, go east on State Highway #175 to County Blacktop R-27, then south on R-27 to 390th Street, then west on 390th Street 3 miles to County Blacktop R-21. The subject property is in the NW corner of the intersection of 390th Street and R-21. Please watch for real estate signs.
LEGAL DESCRIPTION: (73 Acres M/L) The South One-half of the Southeast Quarter (S1/2 SE1/4) in Section Twenty-five (25), Township Eighty-six (86) North, Range Twenty-seven (27), West of the 5th P.M., Webster County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 70.57 acres
Corn Base: 34.50 acres PLC Yield: 134 bu.
Bean Base: 34.60 acres PLC Yield: 38 bu.
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
PROPERTY TAXES: $1,710/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated.
LISTING #20125 - Terms and Conditions
SALE METHOD: These properties will be sold as individual tracts and will not be combined. Tract #1 will be sold as 60 acres m/l, Tract #2 will be sold as 40 acres m/l and Tract #3 will be sold as 73 acres m/l.
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 November 1, 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 November 1, 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: Dan Stockdale
SELLERS: Fry Family LLC
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.