FRANKLIN COUNTY: 180 ACRES M/L
TRACT #1 - $10,900/Acre
TRACT #2 - $11,600/Acre
OFFERED IN MULTIPLE TRACTS
WEDNESDAY, SEPTEMBER 29, 2021 at 10:00 AM
ACKLEY RECREATION CLUB
902 8TH AVE
ACKLEY, IOWA
LISTING AGENT:
LISTING #21125
AERIAL MAP - TRACT #1
DESCRIPTION: 180 acres m/l to be offered in two individual tracts at auction on Wednesday, September 29th, 2021, at 10:00 A.M. Tract #1 consists of 140 acres m/l, of which there are 138.72 taxable acres m/l and 138.85 cropland acres m/l. Tract #2 consists of 40 acres m/l with 36.03 taxable acres m/l and 36.22 cropland acres m/l. Tract #1 has an average CSR2 of 82.7, and Tract #2 has an average CSR2 of 87.7, with the county average CSR2 being 80.7.
DIRECTIONS: Tract #1-From Iowa Falls, Iowa, go north on State Highway #65 & #57 to State Highway #65 North, then north on Highway #65 to 30th Street, then east on 30th Street 1 mile or from Ackley, Iowa, go west on County Highway #57 to Raven Avenue, then north on Raven Avenue to 30th Street, then west on 30th Street 3/4 mile. Tract #1 is located on the north side of 30th Street. Tract #2-From Iowa Falls, Iowa, go north on State Highway #65 & #57 and then east towards Ackley on #57 to County Blacktop S-56, then north on S-56 to 35th Street or from Ackley, Iowa, go west on County Highway #57 to County Blacktop S-56, then north on S-56 to 35th Street. Tract #2 is located in the SE corner of the intersection of S-56 & 35th Street. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (140 Acres M/L) West One Half of the Southwest Quarter (W1/2 SW1/4); Southwest Quarter of the Northwest Quarter (SW1/4 NW1/4); North 20 Acres of the Southeast Quarter of the Northwest Quarter (N. 20A SE1/4 NW1/4), all in Section Twenty-six (26), Township Ninety (90) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 138.85 acres
Corn Base: 72.70 acres PLC Yield: 151 bu.
Bean Base: 49.50 acres PLC Yield: 49 bu.
This property has 5.68 acres of CRP presently paying $207.24/acre or $1177.00/year until 2024.
This farm is classified as Non-Highly Erodible Land. Farm does contain a Wetland or Farmed Wetland.
PROPERTY TAXES: $4,420/year
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACTS #1 & #2-FARM LEASE: Sellers are to retain all of the 2021 cash rent due for 2021. The lease for 2022 has been terminated.
TRACT #2
LEGAL DESCRIPTION: (40 Acres M/L) Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4), all in Section Thirty (30), Township Ninety (90) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 36.22 acres
Corn Base: 19.20 acres PLC Yield: 151 bu.
Bean Base: 13.80 acres PLC Yield: 49 bu.
This farm is classified as Non-Highly Erodible Land. The farm does contain a Wetland or Farmed Wetland.
PROPERTY TAXES: $1,202/year
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
LISTING #21125 TERMS AND CONDITIONS
SALE METHOD: Tracts #1 & #2 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 140 acres m/l and Tract #2 will be sold as 40 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 November 15, 2021, subject to the current cash rent lease and current tenant’s rights for the 2021 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 November 15, 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: Stacey Harding
SELLERS: Corn & Beans LLC
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.