GRUNDY COUNTY: 96 ACRES M/L
SALE PRICE: $13,500/ACRE
FRIDAY, FEBRUARY 5th, 2021, at 10:00 AM
ACKLEY RECREATION CLUB
902 8th AVE.
CLICK HERE TO BID ONLINE
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Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 96 acres m/l to be offered at auction on Friday, February 5th, 2021, at 10:00 A.M. This property consists of 96 acres m/l, of which there are approximately 94.68 taxable acres and 94.11 cropland acres m/l. This tract has an average CSR2 of 92.9, with the Grundy County average CSR2 being 87.2.
DIRECTIONS: From Wellsburg, Iowa, go north on County Blacktop T-19 to County Blacktop D-17, then west on D-17 to County Blacktop T-13, then continuing west on 130th street 1/4 mile, or from Ackley, Iowa, go east on County Highway 57 to County Blacktop T-13, then south on T-13 to 130th Street or D-17, then west 1/4 mile on 130th Street. This property is located on the north side of 130th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: (96 Acres M/L) A tract commencing 689’ West of the SE corner of Section 16, thence North 473’, West 990’, South 473’, East 990’, Except Tract 149-B; West One-Half of the Southeast Quarter (W1/2 SE1/4), Except Tract 149B and Except South 473’, all in Section Sixteen (16), 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: 94.11 acres
Corn Base: 48.17 acres PLC Yield: 196 bu.
Bean Base: 44.30 acres PLC Yield: 56 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is open for 2021. As the current tenant did apply fertilizer, lime and did fall tillage, the new buyer will pay those costs in the amount of $6,858.00 at closing. Contact auctioneer for details. The lease for 2021 has been terminated.
LISTING #21101 TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 96 acres m/l.
TAXES: $3,054/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements on this farm are field drainage tile and perimeter fence.
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 March 12, 2021, subject to the current cash rent lease and current tenant’s rights for the 2020 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 March 12, 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.
ATTORNEY: Dale Hansmann
SELLERS: Jaspers Family Farm Partnership
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.