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FRANKLIN COUNTY: 345 ACRES M/L



TRACT # 2 & TRACT # 3 ARE SOLD


LISTING AGENTS:

Kellen Suntken (515-571-8565)

LISTING # 23117











TRACTS #1, #2, & #3 DIRECTIONS: From Hampton, Iowa, go north on State Highway #65 to County Blacktop C-25, then go east on C-25 to S-56, then north on S-56 to 200th Street, then west on 200th Street 1.5 miles. The properties are located on the north side of 200th Street. Please watch for real estate signs.

NEW PRICE

Tract #1 - 148 acres M/L

PRICE: $15,100/acre

DESCRIPTION: 148 acres m/l of northeast Franklin County land is currently offered for sale. This property consists of 148 acres m/l and has approximately 144 crop acres, with the balance in roads and a waterway. This property has a CSR2 of 89.7, with the county average CSR2 being 80.7.

LEGAL DESCRIPTION: The Southwest Quarter (SW1/4) in Section Thirty-one (31), Township Ninety-three (93) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa, Except Parcel # 0431300008. Please refer to abstract for the exact legal description.

FARM PROGRAM INFORMATION:*

Cropland: 144 acres

Corn Base: 87 acres PLC Yield: 167 bu.

Bean Base: 53 acres PLC Yield: 48 bu.

This farm is classified as Non-Highly Erodible Land. This farm does not contain a Wetland or a Farmed Wetland.

*Please note that if the three tracts are sold separately, FSA will determine the cropland acres, corn base, and bean base of each tract. The figures on this sale flyer are only an estimate of each.

PROPERTY TAXES: $5,802/yr. Taxes will be prorated to the date of closing.


SALE PENDING

Tract #2 - 77 acres m/l

PRICE: $16,900/acre

DESCRIPTION: 77 acres m/l of northeast Franklin County land is currently offered for sale. This property consists of 77 acres m/l and has approximately 73 crop acres, with the balance in roads and a waterway. This property has a CSR2 of 91.5, with the county average CSR2 being 80.7.

LEGAL DESCRIPTION: The West One-Half of the Southeast Quarter (W1/2 SE1/4) in Section Thirty-two (32), Township Ninety-three (93) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa, Except Parcel #0431400010. Please refer to abstract for the exact legal description.

FARM PROGRAM INFORMATION:*

Cropland: 73 acres

Corn Base: 38 acres PLC Yield: 167 bu.

Bean Base: 27 acres PLC Yield: 48 bu.

This farm is classified as Non-Highly Erodible Land. This farm does not contain a Wetland or a Farmed Wetland.

*Please note that if the three tracts are sold separately, FSA will determine the cropland acres, corn base, and bean base of each tract. The figures on this sale flyer are only an estimate of each.


SALE PENDING

Tract #3 - 120 acres M/L

PRICE: $16,900/acre

DESCRIPTION: 120 acres m/l of northeast Franklin County land is currently offered for sale. This property consists of 120 acres m/l and has approximately 115 crop acres, with the balance in roads and a waterway. This property has a CSR2 of 90.6, with the county average CSR2 being 80.7.

LEGAL DESCRIPTION: The East One-Half of the Southeast Quarter (E1/2 S1/4) in Section Thirty-two (32); Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4), all in Section Thirty-two (32), Township Ninety-three (93) 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: 115 acres

Corn Base: 61 acres PLC Yield: 167 bu.

Bean Base: 35 acres PLC Yield: 51 bu.

This farm is classified as Non-Highly Erodible Land. This farm does not contain a Wetland or a Farmed Wetland.

*Please note that if the 3 tracts are sold separately, FSA will determine the cropland acres, corn base, and bean base of each tract. The figures on this sale flyer are only an estimate of each.

PROPERTY TAXES: $4,596/yr. Taxes will be prorated to the date of closing.

TRACTS #1, #2, #3-FARM LEASE: All tracts are leased for 2023. Contact realtor for terms and conditions of the lease.


TERMS AND CONDITIONS

SALE METHOD: Tract #1 will be sold as 148 acres m/l, Tract #2 will be sold as 77 acres m/l and Tract #3 will be sold as 120 acres m/l.

IMPROVEMENTS: All three tracts are unimproved except for field drainage tile and perimeter fence.

MANURE EASEMENT: All three tracts are covered by a manure easement. Contact realtor for details.

MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT: A 10% earnest money payment is required with all offers. 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, which will occur 30 days after acceptance of an offer by all parties.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Seller to pay all escrow closing costs.

CLOSING: Closing will occur on whatever date is negotiated by buyer and seller. 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.

ATTORNEY: Dan Stockdale

SELLERS: Summit Ag Funds IIl, LLP

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 submitting an offer. 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.


Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.


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