FLOYD COUNTY: 127 ACRES M/L
THURSDAY, SEPTEMBER 23, 2021, at 10:00 AM
ROCKFORD COMMUNITY CENTER
206 W MAIN AVENUE
CLICK HERE TO BID ONLINE
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 127 acres m/l to be offered at auction on Thursday, September 23rd, 2021, at 10:00 A.M. This property consists of 127 acres m/l, of which there are approximately 123.79 taxable acres and 122.66 cropland acres m/l. This tract has an average CSR2 of 76.7, with the Floyd County average CSR2 being 79.5.
DIRECTIONS: From Rockford, Iowa, go west on County Blacktop B-47 to County Blacktop S-70, then north on S-70 1/2 mile or from Nora Springs, go south on County Blacktop S-70 approximately 5.5 miles. This property is located on the east side of County Blacktop S-70. Please watch for auction signs.
LEGAL DESCRIPTION: (127 Acres M/L) Southwest Fractional Quarter (SW Frl. 1/4) of Section Seven (7), Township Ninety-five (95) North, Range Eighteen (18), West of the 5th P.M., Floyd County, Iowa, Except the Highway and Except Parcel #090740001000. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 122.66 acres
Corn Base: 44.04 acres PLC Yield: 153 bu.
Bean Base: 38.99 acres PLC Yield: 37 bu.
This property presently has 3 acres enrolled in the CRP program. One contract is for 1.8 acres at $434/year until 2027. The other contract is for 1.2 acres at $176/year until 2022.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is owner operated and will be open for the 2022 crop year. Buyer will be allowed to complete fall tillage work after the 2021 crop is harvested.
LISTING #21126 TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 127 acres m/l.
TAXES: $3,226/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is pattern tiled and has over 89,000 feet of newer tile installed. Please refer to our website for maps or contact the auctioneer for tile information. The other improvements are other field drainage tile and perimeter fence.
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 12, 2021.
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 12, 2021. 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 can not 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: Gerald Stambaugh
SELLER: Curtis M. Christopherson
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.