FRANKLIN COUNTY: 445 ACRES M/L
TRACT #1 - $8,400/ACRE
TRACT #2 - $8,200/ACRE
TRACT #3 - $7,200/ACRE
FRIDAY, AUGUST 20, 2021, at 10:00 AM
DOWS COMMUNITY CENTER
119 E ELLSWORTH ST.
DOWS, IOWA
LISTING AGENT:
LISTING #21118
DESCRIPTION: 445 acres m/l to be offered in three individual tracts at auction on Friday, August 20th, 2021, at 10:00 A.M. Tract #1 consists of 149 acres m/l, of which there are 144.56 taxable acres m/l and 149.12 cropland acres m/l with 9.59 acres of CRP. Tract #2 consists of 147 acres m/l with 142.6 taxable acres m/l and 148.82 cropland acres m/l with 6.6 acres of CRP. Tract #3 consists of 149 acres m/l with 146.3 taxable acres m/l and 144.54 cropland acres m/l with 28.75 acres of CRP. Tract #1 has an average CSR2 of 74.3, Tract #2 has an average CSR2 of 74.3, and Tract #3 has an average CSR2 of 71.7. The Franklin County average CSR2 is 80.7.
DIRECTIONS: From Iowa Falls, Iowa, go north on State Highway #65 & #57, then continue north at the curve onto County Blacktop S-41, then go north on S-41 to County Blacktop C-55, then go west on C-55 approximately 7 miles. All three tracts will be located in Section #3, located in the NW corner of the intersection of C-55 and Eagle Avenue. From Coulter, Iowa, go south on County Blacktop S-25 to County Blacktop C-55, then west on C-55 approximately 3 miles. All three tracts will be located in Section #3, located in the NW corner of the intersection of C-55 and Eagle Avenue. Please watch for auction signs on all three properties.
TRACT #1-149A M/L
LEGAL DESCRIPTION: (149 Acres M/L) Northwest Quarter (NW1/4), Except a parcel described in Survey #20142236 in Section Three (3), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 149.12 acres (Est)
Corn Base: 121 acres PLC Yield: 138 bu.
Bean Base: 12 acres PLC Yield: 41 bu.
Of the 149.12 cropland acres m/l, there are presently 9.59 acres in CRP paying $131.84/acre until 9-30-2030.
This farm is classified as Highly Erodible Land. This farm does contain Wetlands or Farmed Wetlands.
PROPERTY TAXES: $4,310/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
FARM LEASE: On all tracts, Sellers are to retain all of the 2021 cash rent due for 2021. Contact the auctioneer for details. The lease for 2022 has been terminated.
TRACT #2-147A M/L
LEGAL DESCRIPTION: (147 Acres M/L) Northeast Quarter (NE1/4), Except Parcel described in Survey #20142237 all in Section Three (3), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 148.82 acres (Est)
Corn Base: 120 acres PLC Yield: 138 bu.
Bean Base: 12 acres. PLC Yield: 41 bu.
Of the 148.82 cropland acres m/l, there are presently 6.6 acres in CRP paying $315.87/acre until 9-30-2023.
This farm is classified as Non-Highly Erodible Land. This farm does contain Wetlands or Farmed Wetlands.
PROPERTY TAXES: $4,262/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #3-149A M/L
LEGAL DESCRIPTION: (149 Acres M/L) Southeast Quarter (SE1/4), Except Parcel #1303400015 and Except Parcel #1303400009, all in Section Three (3), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 144.54 acres (Est)
Corn Base: 117 acres PLC Yield: 138 bu.
Bean Base: 12 acres PLC Yield: 41 bu.
Of the 144.54 cropland acres m/l, there are presently 28.75 acres in CRP paying $381.47/acre on one contract of 11.7 acres that expires in 2026 and an additional contract of 17.05 acres that pays $227/acre until 9-30-2029.
This farm is classified as Highly Erodible Land. This farm does contain Wetlands or Farmed Wetlands.
PROPERTY TAXES: $4,086/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
LISTING #21118 TERMS AND CONDITIONS
SALE METHOD: Tracts #1, #2, & #3 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 149 acres m/l, Tract #2 will be sold as 147 acres m/l, and Tract #3 will be sold as 149 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 October 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.
Please note that a restrictive covenant will be in place on all three tracts that will limit the location of animal confinements to a minimum of 1800’ from the Dennis Wesenberg acreage. This does not forgo the application of any animal waste applied on all three tracts.
CLOSING: Closing will occur on or about October 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: John Duffy
SELLERS: Wesenberg Farm, 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.