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GREENE COUNTY: 640 ACRES M/L



TRACT #1: $14,200/ACRE

TRACT #2: $11,100/ACRE

TRACT #3: $12,100/ACRE

TRACT #4: $14,300/ACRE

TRACT #5: $14,000/ACRE


WEDNESDAY, MARCH 15, 2023

10:00 AM

JEFFERSON COMMUNITY GOLF COURSE CLUBHOUSE

501 W GREENWOOD ROAD

JEFFERSON, IOWA

LISTING AGENTS:

Joe Sandve (641-752-4505)

LISTING #23108














TILE MAPS



DESCRIPTION: 640 acres m/l to be offered in five individual tracts at auction on Wednesday, March 15th, 2023, at 10:00 A.M. Tract #1 consists of 160 acres m/l with 158 taxable acres m/l and 157.45 cropland acres m/l. Tract #2 consists of 160 acres m/l with 155.59 taxable acres m/l and 152.9 cropland acres m/l. Tract #3 consists of 120 acres m/l with 117.27 taxable acres m/l and 117 cropland acres m/l. Tract #4 consists of 80 acres m/l with 79 taxable acres m/l and 77 cropland acres m/l. Tract #5 consists of 120 acres m/l with 119 taxable acres m/l and 118 cropland acres m/l. The average CSR2s are as follows: Tract #1-88.1, Tract #2-80.9, Tract #3-83.3, Tract #4-87 and Tract #5-87.7. The county average CSR2 is 80.1.

DIRECTIONS: Tract #1-From Jefferson, Iowa, go south on State Highway #4 to county rock road 340th Street, then go west on 340th Street/100th Street 1/2 mile. Tract #1 is located on the north side of 340th Street/100th Street. Tract #2-From Jefferson, Iowa, go west on County Blacktop E-53 to County Blacktop P-14, then south on P-14 to 320th Street, then east on 320th Street 1/2 mile. Tract #2 is located on the south side of 320th Street. Tract #3-From Jefferson, Iowa, go west on County Blacktop E-53 to County Blacktop P-14, then south on P-14 to 330th Street, then east on 330th Street 1/2 mile. Tract #3 is located on the north side of 330th Street. Tract #4-From Jefferson, Iowa, go west on County Blacktop E-53 to County Blacktop P-14, then south on P-14 to 320th Street, then west on 320th Street 1 mile. Tract #4 is located on the northwest corner of the intersection of 320th Street and I Avenue. Tract #5-From Jefferson, Iowa, go west on County Blacktop E-53 to County Blacktop P-14, then south on P-14 to 320th Street, then west on 320th Street 1.25 miles. Tract #5 is located on the north side of 320th Street. Please watch for real estate signs.

TRACT #1

LEGAL DESCRIPTION: (160 Acres M/L) The Southeast Quarter (SE1/4) of Section Thirty-one (31), Township Eighty-two (82) North, Range Thirty (30), West of the 5th P.M., Greene County, Iowa. Please refer to abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 157.45 acres (Est)

Corn Base: 77.3 acres PLC Yield: 148 bu.

Bean Base: 76 acres PLC Yield: 48 bu.

This tract does have 7/10 acre of CRP bid in at $300/acre until 2032. This farm is classified as Non-Highly Erodible Land and has no Wetlands.

PROPERTY TAXES: $6,476/year. Property taxes will be prorated to date of closing.

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

TRACT #2

LEGAL DESCRIPTION: (160 Acres M/L) The Northeast Quarter (NE1/4) of Section Twenty-seven (27), Township Eighty-two (82) North, Range Thirty-one (31), West of the 5th P.M., Greene County, Iowa. Please refer to the abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 152.90 acres (Est)

Corn Base: 110 acres PLC Yield: 124 bu.

Bean Base: 42 acres PLC Yield: 38 bu.

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

PROPERTY TAXES: $5,764/year. Property taxes will be prorated to date of closing.

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

TRACT #3

LEGAL DESCRIPTION: (120 Acres M/L) The North One-Half of the Southeast Quarter (N1/2 SE1/4) of Section Twenty-seven (27), Township Eighty-two (82) North, Range Thirty-one (31), West of the 5th P.M., Greene County, Iowa. Please refer to the abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 117 acres (Est)

Corn Base: 84 acres PLC Yield: 124 bu.

Bean Base: 32 acres PLC Yield: 38 bu.

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

PROPERTY TAXES: $4,464/year. Property taxes will be prorated to date of closing.

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

TRACT #4

LEGAL DESCRIPTION: (80 Acres M/L) The East One-Half of the Southeast Quarter (E1/2 SE1/4) of Section Twenty (20), Township Eighty-two (82) North, Range Thirty-one (31), West of the 5th P.M., Greene County, Iowa. Please refer to the abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 77 acres (Est)

Corn Base: 58 acres PLC Yield: 131 bu.

Bean Base: 19 acres PLC Yield: 40 bu.

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

PROPERTY TAXES: $3,102/year. Property taxes will be prorated to date of closing.

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

TRACT #5

LEGAL DESCRIPTION: (120 Acres M/L) The West One-Half of the Southeast Quarter (W1/2 SE1/4); Southwest Quarter of the Southeast Quarter (SW1/4 SE1/4), all in Section Twenty (20), Township Eighty-two (82) North, Range Thirty-one (31), West of the 5th P.M., Greene County, Iowa. Please refer to the abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 118 acres (Est)

Corn Base: 88 acres PLC Yield: 131 bu.

Bean Base: 29 acres PLC Yield: 40 bu.

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

PROPERTY TAXES: $4,778/year. Property taxes will be prorated to date of closing.

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

TRACTS #1, #2, #3, #4, & #5 FARM LEASE:

All five tracts are leased for 2023. Contact the auctioneer for details. The lease for 2024 has been terminated.

TERMS AND CONDITIONS

SALE METHOD: Tracts #1, #2, #3, #4, & #5 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 160 acres m/l, Tract #2 will be sold as 160 acres m/l, Tract #3 will be sold as 120 acres m/l, Tract #4 will be sold as 80 acres m/l and Tract #5 will be sold as 120 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 May 1, 2023. If early possession after the auction and prior to closing is desired, earnest money and a signed contract are to be completed along with a copy of the buyers liability declarations page from their insurance carrier must be provided with the buyers legal description of the property purchased spelled out on the declarations page.

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 1, 2023. 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: Richard Bordwell

SELLERS: Thomas W. Fliess Sr. Estate


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.


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