BLACK HAWK COUNTY: 313 ACRES M/L
TRACT # 1: $10,100/ACRE
TRACT # 2: SOLD AFTER AUCTION
FRIDAY, MARCH 1, 2024 at 10:00 AM
HUDSON COMMUNITY CENTER
525 JEFFERSON STREET
HUDSON, IOWA
LISTING AGENTS:
LISTING # 24101
DESCRIPTION: 313 acres m/l to be offered at auction on Friday, March 1st, 2024, at 10:00 A.M. Tract #1 consists of 156 gross acres m/l with 152.76 taxable acres m/l and 143.75 cropland acres m/l. Tract # 2 consists of 157 gross acres m/l with 155.6 taxable acres m/l and 123.58 cropland acres m/l. Tract #1 has an average CSR2 of 80.2 and Tract #2 has an average CSR2 of 83.2, with the Black Hawk County average CSR2 being 73.9.
DIRECTIONS: From the intersection of State Highway #20 and County Highway #21, go south on Highway #21 to West Orange Road, then west on West Orange Road approximately 2 miles. Tract #1 is located on the north side of West Orange Road, with Tract #2 being located on the south side of West Orange Road. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (156 Acres M/L) Southwest Quarter (SW1/4) of Section Seventeen (17), Township Eighty-eight (88) North, Range Thirteen (13), West of the 5th P.M., Black Hawk County, Iowa, Except the East 348‘ of the South 438.1’ of the SE1/4 SW1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 143.75 acres (Est)
Corn Base: 75 acres PLC Yield: 167 bu.
Bean Base: 69 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,563/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
TRACT #2
LEGAL DESCRIPTION: (157 Acres M/L) Northwest Quarter (NW1/4) of Section Twenty (20), Township Eighty-eight (88) North, Range Thirteen (13), West of the 5th P.M., Black Hawk County, Iowa, Except beginning 912’ West of the NE corner, then South 326’, West 356’, North 326’ to the north line of the NE1/4 NW1/4, then east to the point of beginning. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 123.58 acres (Est)
Corn Base: 65.7 acres PLC Yield: 167 bu.
Bean Base: 56.9 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,786/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements are a grain bin, field drainage tile and perimeter fence.
FARM LEASE: Tracts #1 & #2 are rented for the 2024 crop year, with current lease to be assigned to buyer at closing. Terms are $250/acre based on FSA acres. These lease payments are due March 1, 2024 (50%) and November 1, 2024 (50%). The sellers will add $50/acre at closing on the FSA tillable acres to supplement the rent for 2024. Buyer will receive 100% of the cash rent payable on March 1, 2024 at closing, with no proration. Contact the auctioneer for details. The lease for 2025 has been terminated.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tracts of 156 acres m/l and 157 acre m/l. None of these tracts will be combined.
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 April 15, 2024, subject to the current cash rent lease and current tenant’s rights for the 2024 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 April 15, 2024. 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.
ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted.
ATTORNEY: Jason Hyland
SELLERS: Marilyn D. Hanson 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 to 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.
