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FRIDAY, AUGUST 23, 2024 at 1:00 PM




LISTING # 24119

DESCRIPTION:  91 acres m/l to be offered at auction on Friday, August 23rd, 2024, at 1:00 P.M. This property consists of 91 acres m/l, of which there are approximately 90.58 taxable acres and 88.92 cropland acres m/l. This tract has an average CSR2 of 58.5, with the Butler County average CSR2 being 74.6.


DIRECTIONS:  From Aredale, Iowa, go west on County Blacktop C-23 or West Arlington Street approximately 1/4 mile. The subject property is located on the north side of C-23 or West Arlington Street. Please watch for real estate signs.


LEGAL DESCRIPTION:  (91 Acres M/L) Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), Exc. RR; Southwest Quarter of the Southeast Quarter (SW1/4 SE1/4), Exc. the West 3 Acres; A tract in the West One-half of the Southeast Quarter of the Southeast Quarter (Tract in W1/2 SE1/4 SE1/4), all in Section Thirty (30), Township Ninety-three (93) North, Range Eighteen (18), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for the exact legal description.



Cropland:  88.92 acres

Corn Base:  32 acres         PLC Yield:  123 bu.

Bean Base:  56.9 acres      PLC Yield:    43 bu.


This farm is classified as Non-Highly Erodible Land. This tract contains a Wetlands or Farmed Wetlands.


FARM LEASE:  The subject property is rented for the 2024 crop year. The sellers will retain 100% of the cash rent or crop income for 2024. The lease for 2025 has been terminated.


IMPROVEMENTS:  Improvements are field drainage tile and perimeter fence.


PROPERTY TAXES:  $1,934/year. Property taxes will be prorated to date of closing.




SALE METHOD:  This tract will be offered as an individual tract of 91 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 October 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 October 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:  John Coonley


SELLERS:  Twila Mae Freeman 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 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.


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