GRUNDY COUNTY: 218 ACRES M/L
Tract #1: $14,300/ACRE
Tract #2: $15,500/ACRE
FRIDAY, OCTOBER 8, 2021, at 10:00 AM
GRUNDY CENTER COMMUNITY CENTER
705 F AVENUE
GRUNDY CENTER, IOWA
LISTING AGENT:
LISTING #21131
DESCRIPTION: 218 acres m/l to be offered in two individual tracts at auction on Friday, October 8th, 2021, at 10:00 A.M. Tract #1 consists of 138 acres m/l, of which there are 134.24 taxable acres m/l and 134.18 cropland acres m/l. Tract #2 consists of 80 acres m/l, of which there are 79 taxable acres m/l and 79 cropland acres m/l. Tract #1 has an average CSR2 of 92.2, and Tract #2 has an average CSR2 of 92.1, with the county average CSR2 being 87.2.
DIRECTIONS: Tract #1-From Whitten, Iowa, go north on County Blacktop S-75 to 290th Street, then east on 290th Street 1 mile. Tract #1 is located on the NW corner of the intersection of 290th Street & C Avenue. Please watch for auction signs.
Tract #2-From Ackley, Iowa, go south on County Blacktop S-56, then east on 150th Street 2 miles to B Avenue, then south on B Avenue 1/4 mile. The farm is located on the west side of B Avenue. Please watch for real estate signs.
TRACT #1-CASH SALE
LEGAL DESCRIPTION: (138 Acres M/L) South Seven Eights (7/8) of the Southeast Quarter (S.7/8 SE1/4) of Section Six (6), Township Eighty-six (86) North, Range Eighteen (18), West of the 5th P.M., Grundy County, Iowa, Except Parcel #861806400003 in the SE1/4 SE1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 134.18 acres
Corn Base: 115.67 acres PLC Yield: 181 bu.
Bean Base: 17.73 acres PLC Yield: 59 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,212/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-FARM LEASE: Sellers are to retain all of the 2021 cash rent due for 2021. The lease for 2022 has been terminated.
TRACT #2-CONTRACT SALE
LEGAL DESCRIPTION: (80 Acres M/L) South One-Half of the Northeast Quarter (S1/2 NE1/4) of Section Thirty-One (31), Township Eighty-nine (89) North, Range Eighteen (18), West of the 5th P.M., Grundy County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 79 acres
Corn Base: 66.6 acres PLC Yield: 179 bu.
Bean Base: 12.3 acres PLC Yield: 51 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,504/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-FARM LEASE: Sellers are to retain all of the 2021 cash rent due for 2021. The lease for 2022 has been terminated.
LISTING #21131 TERMS AND CONDITIONS
SALE METHOD: Tracts #1 & #2 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 138 acres m/l and Tract #2 will be sold as 80 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 December 17, 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.
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.
CLOSING: Tract #1: Closing will occur on or about December 17, 2021. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer. Tract #2: Closing will occur on December 17, 2021. An additional 35% of the purchase price, in addition to the 15% paid the day of the auction, will be due on December 17, 2021, with the final 50% of the purchase price due on January 5, 2022.
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: Adam Ullrich
SELLERS: Ramona Sherfield Estate (138A M/L), Deborah Greenwood & Linda Wiklund (80A M/L)
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.