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LISTING # 24104

PRICE:  $12,500/ACRE


DESCRIPTION:  42 acres m/l of southwestern Franklin County land is currently offered for sale. This property consists of 42 acres m/l and has approximately 41 cropland acres, with the balance in roads. This property has a CSR2 of 81.6, with the county average CSR2 being 79.4.


DIRECTIONS:  From Popejoy, Iowa, go west on County Blacktop S-13 and then follow it north approximately 2 miles. The property is located on the east side of S-13. From Dows, Iowa, go south on S-13 and follow it as it curves to the east to Cardinal Avenue, then go south on Cardinal Avenue at the intersection of Cardinal Avenue and S-13 for 1/2 mile. The property is located on the east side of Cardinal Avenue or S-13. Please watch for real estate signs.


LEGAL DESCRIPTION:  The South 42 acres m/l of the Northwest Quarter (S. 42A NW1/4) in Section Nine (9), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa, Except Parcel

# 1309100006 in the SW1/4 NW1/4. Please refer to abstract for the exact legal description.



Cropland:  41 acres (Est)

Corn Base:  25 acres   PLC Yield:  152 bu. (Est)

Bean Base:  16 acres  PLC Yield:  44 bu. (Est)


This property has a CRP contract on 74/100 acre in the SW corner of the farm bid in at $227/acre or $168/yr until 2029.


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


FARM LEASE:  This property is open for 2024. The buyer of this property will be responsible for paying the owner approximately $72/acre for fertilizer that has been applied. This farm also comes with a manure easement from the adjoining hog unit.


IMPROVEMENTS:  This tract is unimproved except for field drainage tile and perimeter fence.


TAXES:  $1200/year (Est). Taxes will be prorated to date of closing.




SALE METHOD:  This property will be sold as one individual tract of 42 acres m/l. This property will be surveyed with the purchase price being determined by the bid price times the surveyed acres.


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 after/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:  Don Johnson


SELLERS:  Deborah Vestweber 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 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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