FRANKLIN COUNTY: 72 ACRES M/L
FRIDAY, APRIL 8, 2022 at 12:00 PM
DOWS COMMUNITY CENTER
119 E ELLSWORTH STREET
DESCRIPTION: 72 acres m/l to be offered in one individual tract at auction on Friday, April 8th, 2022, at 12:00 P.M. This tract consists of 72 acres m/l, of which there are 71.08 taxable acres m/l and 70.56 cropland acres m/l. This tract has an average CSR2 of 83.9, with the county average CSR2 being 80.7.
DIRECTIONS: From Coulter, Iowa, go south on County Blacktop S-25 to county rock road 120th Street, then west on 120th Street approximately 1 mile. Tract is located on the north side of 120th Street, or from Dows, Iowa, go east on County Blacktop C-47 to Finch Avenue, then north on Finch Avenue to 120th Street, then east on 120th Street 3/4 mile. Please watch for real estate signs.
LEGAL DESCRIPTION: (72 Acres M/L) East One-Half of the Southeast Quarter (E1/2 SE1/4) of Section Twelve (12), Township Ninety-one (91) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa, Except Parcel #0912400008. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 70.56 acres
Corn Base: 70.56 acres PLC Yield: 160 bu.
This farm is classified as Non-Highly Erodible Land. This tract may contain a Wetland or Farmed Wetland.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
FARM LEASE: This tract is rented for the 2022 crop year, with the buyer receiving 100% of the rent for 2022. The lease for 2023 has been terminated.
*Please note that the adjoining 80 acres m/l to the west will be sold the same day at 10:00AM at the same location, but with different ownership interests.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 72 acres m/l.
TAXES: $2,452/year. Property taxes will be prorated to date of closing.
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 May 20, 2022, subject to the current cash rent lease and current tenant’s rights for the 2022 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 May 20, 2022. 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 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: Brian Miller
SELLERS: Lynn Welch-Penelope Worden
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.