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HAMILTON COUNTY: 120 ACRES M/L


$12,000/ACRE


FRIDAY, NOVEMBER 3, 2023 at 10:00 AM

STANHOPE COMMUNITY CENTER

600 MAIN STREET

STANHOPE, IOWA

LISTING AGENT:

LISTING #23132






DESCRIPTION: 120 acres m/l to be offered at auction on Friday, November 3rd, 2023, at 10:00 A.M. This property consists of 120 acres m/l, of which there are approximately 119.4 taxable acres and 115.36 cropland acres m/l. This tract has an average CSR2 of 80.4, with the Hamilton County average CSR2 being 82.7.

DIRECTIONS: From Ellsworth, Iowa, go east on State Highway #175 approximately 4 miles to Zeigler Avenue, then south on Zeigler Avenue 1 mile to 350th Street, then east 1/2 mile. The subject property is located on the south side of 350th Street. From Radcliffe, Iowa, go west on State Highway #175 to Zublin Avenue, then south on Zublin Avenue to 350th Street, then west on 350th Street 1/4 mile. The subject is located on the south side of 350th Street. Please watch for real estate signs.

LEGAL DESCRIPTION: (120 Acres M/L) West One-Half of the Northeast Quarter (W1/2 NE1/4); Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), all in Section Twelve (12), Township Eighty-six (86) North, Range Twenty-three (23), West of the 5th P.M., Hamilton County, Iowa. Please refer to abstract for the exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 115.36 acres

Corn Base: 62.30 acres PLC Yield: 150 bu.

Bean Base: 52.6 acres PLC Yield: 42 bu..

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 2023 crop year. The owners will retain 100% of the 2023 crop income or cash rent. The lease for 2024 has been terminated.

PROPERTY TAXES: $4,854/year. Property taxes will be prorated to date of closing.

IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.

TERMS AND CONDITIONS

SALE METHOD: This tract will be offered as an individual tract of 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 December 22, 2023, subject to the current cash rent lease and current tenant’s rights for the 2023 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 December 22, 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: Jason Hyland

SELLERS: Wallace E. Wierson & Coletta M. Wierson Trust

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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