HAMILTON COUNTY: 115 ACRES M/L
- The Dirt Dealer
- Apr 17
- 4 min read
Updated: 3 days ago
FRIDAY, JUNE 13, 2025 at 10:00 AM
FAIRVIEW LODGE
708 GROVE AVENUE
STORY CITY, IOWA
LISTING AGENTS:
LISTING # 25113
DESCRIPTION: 115 acres m/l to be offered at auction on Friday, June 13th, 2025, at 10:00 A.M. This property consists of 115 acres m/l, of which there are 111.99 taxable acres m/l and 110.5 cropland acres m/l. This tract has an average CSR2 of 73.3, with the Hamilton County average CSR2 being 79.5.
DIRECTIONS: From Jewell, Iowa, go north on State Highway 69 approximately 8 miles to 240th Street, or from Blairsburg, Iowa, go south on State Highway 69 to 240th Street. The subject property is located on the west side of State Highway 69. Please watch for real estate signs.
LEGAL DESCRIPTION: (115 Acres M/L) South 16.5’ of the North One-Half of the Northeast Quarter (S. 16.5’ N1/2 NE1/4); Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4); Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4), Except Cemetery; Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4), Except Auditor’s Parcels F & H in Section Sixteen (16), Township Eighty-eight (88) North, Range Twenty-four (24), West of the 5th P.M., Hamilton County, Iowa. Please refer to the abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 110.5 acres
Corn Base: 91.27 acres PLC Yield: 45 bu.
Bean Base: None
Of the 110.5 cropland acres m/l, there are 17.22 acres in CRP bid in at $194/acre or $3,341/yr until 2035.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is rented for the 2025 crop year. Seller to retain 100% of the 2025 cash rent. The lease for 2026 has been terminated.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. There are two steel bins, a 40’ x 52’ steel shed, and a well on the property.
PROPERTY TAXES: $3,978/year. Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 115 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 September 5, 2025, subject to the current cash rent lease and current tenant’s rights for the 2025 crop year.
The Sukup dryer is the property of the tenant and will be removed by March 1, 2026. Tenant has a lease of the machine shed and bins until March 1, 2026, in accordance with the farm lease agreement.
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 the advertised tract only.
CLOSING: Closing will occur on or about September 5, 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 tract 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: Charlie Bottenberg
SELLERS: Mary L. Alvestad 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.
