GRUNDY COUNTY: 78 ACRES M/L
- TRACT 1: $13,400/ACRE TRACT 2: $10,000/ACRE
- Sep 19
- 4 min read
TRACT 1: $13,400/ACRE
TRACT 2: $10,000/ACRE
FRIDAY, SEPTEMBER 19, 2025 at 10:00 AM
SOUTH HARDIN RECREATION AREA
601 CHAPIN STREET
UNION, IOWA
LISTING AGENTS:
LISTING # 25127
DESCRIPTION: 78 acres m/l to be offered in two individual tracts at auction on Friday, September 19th, 2025, at 10:00 A.M. Tract 1 consists of 40 acres m/l with 40 taxable acres m/l and 38 cropland acres m/l. Tract 2 consists of 38 acres m/l with 38 taxable acres m/l and 36 cropland acres m/l. Tract 1 has an average CSR2 of 92 and Tract 2 has an average CSR2 of 86.3, with the county average CSR2 being 86.9.
DIRECTIONS: Tract 1 From Whitten, Iowa, go east on rock road 305th Street 1.25 miles. Tract 1 is located on the south side of 305th Street. Tract 2 From Whitten, Iowa, go south on B Avenue, then go east on 310th Street/County Blacktop D-65 1.25 miles. Tract 2 is located on the north side of D-65. Please watch for real estate signs.
TRACT 1
LEGAL DESCRIPTION: (40 Acres M/L) The Northeast One-Quarter of the Southwest One-Quarter (NE1/4 SW1/4), all in Section Seventeen (17), Township Eighty-Six (86) North, Range Eighteen (18), West of the 5th P.M., Grundy County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 38 acres (Est)
Corn Base: 35 acres PLC Yield: 176 bu.
Bean Base: 3 acres PLC Yield: 52 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
PROPERTY TAXES: $1,359/year (Est). Property taxes will be prorated to date of closing.
TRACT 2
LEGAL DESCRIPTION: (38 Acres M/L) The Southeast One-Quarter of the Southwest One-Quarter (SE1/4 SW1/4), all in Section Seventeen (17), Township Eighty-six (86) North, Range Eighteen (18), West of the 5th P.M., Grundy County, Iowa, Except Parcel 861817300002. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 36 acres (Est)
Corn Base: 33 acres PLC Yield: 176 bu
Bean Base: 3 acres PLC Yield: 52 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
PROPERTY TAXES: $1,291/year (Est). Property taxes will be prorated to the date of closing.
YIELD DATA TRACT 1 & 2:
2022 Beans: 76.5 bu.
2023 Corn: 265 bu.
2024 Beans: 75.5 bu.
TRACTS 1 & 2 FARM LEASE: Sellers are to retain all of the 2025 cash rent or crop income due for 2025. The lease for 2026 has been terminated.
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 40 acres m/l and Tract 2 will be sold as 38 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 1, 2025, subject to the current cash rent lease and current tenant’s rights for the 2025 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 on advertised tracts only.
CLOSING: Closing will occur on or about December 1, 2025. 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 on the advertised tracts only.
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: Tract 1, Karen Bacon; Tract 2, Jone Betts
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.
