FRANKLIN COUNTY: 389 ACRES M/L
- TRACT 1: $12,700/ACRE TRACT 2: $10,300/ACRE TRACT 3: $12,500/ACRE
- Sep 10
- 5 min read
TRACT 1: $12,700/ACRE
TRACT 2: $10,300/ACRE
TRACT 3: $12,500/ACRE
THURSDAY, SEPTEMBER 11, 2025 at 10:00 AM
FRANKLIN COUNTY CONVENTION CENTER
1008 CENTRAL AVENUE WEST
HAMPTON, IOWA
LISTING AGENTS:
LISTING # 25126
DESCRIPTION: 389 acres m/l to be offered in three individual tracts at auction on Thursday, September 11th, 2025, at 10:00 A.M. Tract 1 consists of 155 acres m/l with 151.78 taxable acres m/l and 148.92 cropland acres m/l, with a CSR2 of 86. Tract 2 consists of 146 acres m/l with 142 taxable acres m/l and 138.58 cropland acres m/l, with a CSR2 of 85.1. Tract 3 consists of 88 acres m/l with 87 taxable acres m/l and 85 cropland acres m/l, with a CSR2 of 89.5. The Franklin County average CSR2 is 79.7.
DIRECTIONS: Tract 1, 2, & 3: From Hansell, Iowa, go north on County Blacktop S-56 to 190th Street/ C-25, then east on C-25 1/2 mile and then continue onto 190th Street, a county rock road. Tracts 1 & 2 are located on the south side of 190th Street. Tract 3 is located 1/2 mile south on Warbler Avenue from 190th Street. Please watch for real estate signs.
TRACT 1
LEGAL DESCRIPTION: (155 Acres M/L) The Northwest Quarter (NW 1/4) of Section Ten (10), Township Ninety-two (92) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa, Except Parcel “A” in the NE1/4 NW1/4. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 148.92 acres (Est)
Corn Base: 92 acres PLC Yield: 150 bu.
Bean Base: 56 acres PLC Yield: 46 bu.
This farm is classified as Highly Erodible Land with a Conservation Plan in place. No Wetlands Determination is complete at this time.
TRACT 2
LEGAL DESCRIPTION: (146 Acres M/L) The Northeast Quarter (NE1/4) of Section Ten (10), Township Ninety-two (92) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa, Except Parcel “A” in the NW1/4 NE1/4, Except Parcel ‘B’ in the E1/2 NE1/4, and Except a parcel starting in the SE corner of the SE1/4 NE1/4, thence North 425’, West 730’, South 425’, East 730’ to the point of beginning. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 138.58 acres (Est)
Corn Base: 89 acres PLC Yield: 150 bu.
Bean Base: 50 acres PLC Yield: 46 bu.
This parcel has 5.01 acres in CRP that is bid in at $283.43/acre or $1,420/year until Sept. 2032.
This farm is classified as Non-Highly Erodible Land in about 28 acres with the balance being Highly Erodible. No Wetlands Determination is complete at this time.
TRACT 3
LEGAL DESCRIPTION: (88 Acres M/L) The North One-Half of the Southeast Quarter (N1/2 SE1/4); A parcel starting in the NE corner of the NE1/4 SE1/4, thence North 425’, West 730’, South 425’, East 730’ to the point of beginning in Section Ten (10), Township Ninety-two (92) North, Range Nineteen (19), West of the 5th P.M., Franklin County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 85 acres (Est)
Corn Base: 46 acres PLC Yield: 150 bu.
Bean Base: 28 acres PLC Yield: 46 bu.
This parcel has 10.23 acres in CRP bid in at $300/acre or $3,069/year until Sept. 2034.
This farm is classified as Non-Highly Erodible Land, except for the land that is in CRP and that is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: Tract 1: $5,436/year. Tract 2: $5,080/year (Est). Tract 3: $3,110/year (Est). Property taxes will be prorated to date of closing.
IMPROVEMENTS: All tracts are unimproved except for field drainage tile and perimeter fence.
TERMS AND CONDITIONS
FARM LEASE: Sellers are to retain all of the 2025 cash rent or crop income due for 2025 on all tracts. The lease for 2026 has been terminated.
SALE METHOD: Tracts 1,2, & 3 will be offered as individual tracts and will not be combined. Tract 1 will be sold as 155 acres m/l, Tract 2 will be sold as 146 acres m/l, and Tract 3 will be sold as 88 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 3, 2025, subject to the current cash rent lease and current tenant’s rights for the 2025 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 on advertised tracts only.
CLOSING: Closing will occur on or about November 3, 2025. 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 on advertised tracts only.
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: Art Cady
SELLERS: Nola M. Harper Trust, Art Cady, Trustee
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.
