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SALE PRICE: $3,600/acre


LISTING #20129

DESCRIPTION: 40 acres m/l of south-central Cerro Gordo County land is currently offered for sale. This property consists of 40 acres m/l and has approximately 30.09 crop acres, with the balance in pasture & roads. This property has a CSR2 of 53.7, with the county average CSR2 being 75.9.

DIRECTIONS: From Sheffield, Iowa, go west on County Highway C-13 to Jonquil Avenue, then north on Jonquil Avenue for 1 mile to 100th Street/Cerro Gordo Street, then west 1/2 mile. This property is located on the north side of 100th Street. From Thornton, Iowa, go south on County Highway S-25 to County Blacktop C-13, then east to Jonquil Avenue, then north on Jonquil Avenue to 100th Street/ Cerro Gordo Street, then 1/2 mile west. The subject property is located on the north side of 100th Street /Cerro Gordo Street. Please watch for real estate signs.

LEGAL DESCRIPTION: The East 40 acres of the Southwest Quarter (E. 40A SW1/4) in Section Thirty-three (33), Township Ninety-four (94) North, Range Twenty-one (21), West of the 5th P.M., Cerro Gordo County, Iowa. Please refer to abstract for the exact legal description.


Cropland: 30.09 acres

Corn Base: 11.92 acres PLC Yield: 162 bu.

Bean Base: 0 acres PLC Yield: N/A

Of the 30.09 crop acres on this property, there are 9.4 acres in CRP until 2021 at $129.06/acre or $1020/yr and a second CRP contract consisting of 8.77 acres until 2029 at $213/acre or $1868/yr.

This farm is classified as Non-Highly Erodible Land. This farm does contain a Wetland or a Farmed Wetland.

FARM LEASE: Seller is to retain 100% of the 2020 cash rent. The subject farm is open for 2021 as the lease with the current operator has been terminated for 2021.

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


SALE METHOD: This tract will be offered as an individual tract of 40 acres m/l.

TAXES: $662/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 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, 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.

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: Gerald Stambaugh

SELLERS: Curt A. and Kristy Holt

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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