WEDNESDAY, NOVEMBER 11th, 2020, at 10:00 AM
DOWS COMMUNITY CENTER
119 E ELLSWORTH STREET
*Due to the ongoing COVID-19 pandemic, face masks are strongly recommended and social distancing should be maintained.
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 115 acres m/l to be offered at auction on Wednesday, November 11th, 2020, at 10:00 A.M. This property consists of 115 acres m/l, of which there are approximately 114.86 taxable acres and 108.7 cropland acres m/l. This tract has an average CSR2 of 55.1, with the Wright County average CSR2 being 82.2.
DIRECTIONS: From Dows, Iowa, go south on County Blacktop R-75 to the intersection of R-75 & Interstate #35, then go south across the interstate to 330th Street, a county rock road, then east on 330th Street to Yankee Avenue, then north on Yankee Avenue 1.5 miles. Or from Williams, go north on Highway #57 to R-75, then north on R-75 to 330th Street, then east on 330th Street to Yankee Avenue, then north on Yankee Avenue 1.5 miles. The subject property is located on the east side of Yankee Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (115 Acres M/L) East One-Half of the Southeast Quarter (E1/2 SE1/4) of Section Twenty-three (23), Except 3 acres in the Northwest corner thereof conveyed to the State of Iowa; Northwest Quarter of the Southwest quarter (NW1/4 SW1/4) of Section Twenty four (24), all in Township Ninety (90) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa, Except Auditor’s Parcel Letter “B” located in the SW1/4 of said Section 24, and in the SE1/4 of Section 23, being more particularly described on the plat of survey filed in the office of the Wright County Recorder on August 31 ,1999, in Survey Book 6, Page 10 (Vernon Township). Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 108.7 acres
Corn Base: 70.14 acres PLC Yield: 126 bu.
Bean Base: 33.3 acres PLC Yield: 39 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
There are 3.20 acres enrolled in CRP at a rate of $333.26/acre expiring in 2023.
FARM LEASE: This farm is open for the 2021 crop year. The current lease has been terminated.
IMPROVEMENTS: The improvements on the subject property are field drainage tile and perimeter fence.
LISTING #20131 - TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 115 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 December 15, 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 15, 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: Adeline Edith Collins Revocable 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.