HAMILTON COUNTY: 239 ACRES M/L
TRACT #1: $12,500/ACRE
TRACT #2: $10,200/ACRE
FRIDAY, FEBRUARY 17, 2023 at 10:00 AM
FAIRVIEW LODGE
705 GROVE AVENUE
STORY CITY, IOWA
LISTING AGENT:
LISTING #23103
DESCRIPTION: 239 acres m/l to be offered in two individual tracts at auction on Friday, February 17th, 2023, at 10:00 A.M. Tract #1 consists of 120 acres m/l, of which there are 116.35 taxable acres m/l and 116.56 cropland acres m/l. Tract #2 consists of 119 acres m/l with 118.18 taxable acres m/l and 118.44 cropland acres m/l. Tract #1 has an average CSR2 of 76 and Tract #2 has an average CSR2 of 79.9, with the county average CSR2 being 82.7.
DIRECTIONS: Tract #1-From Randall, Iowa, go east on County Highway D-65 to County Blacktop R-61, then go north on R-61 to 360th Street, then west on 360th Street 3/4 mile. Tract #1 is located on the north side of 360th Street. Tract #2-From Randall, Iowa, go west on County Highway D-65 to county rock road Saratoga Avenue, then north on Saratoga Avenue 1.5 miles to 365th Street, then west on 365th Street 1/2 mile to Saratoga Avenue, then north 1/2 mile on Saratoga Avenue. Tract #2 is located on the west side of Saratoga Avenue. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (120 Acres M/L) West One-Half of the Southeast Quarter of the Southwest Quarter (W1/2 SE1/4 SW1/4); Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4), West One-Half of the Northeast Quarter of the Southwest Quarter (W1/2 NE1/4 SW1/4); Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4), all in Section Twelve (12), Township Eighty-six (86) North, Range Twenty-four (24), West of the 5th P.M., Hamilton County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 116.56 acres
Corn Base: 43.80 acres PLC Yield: 165 bu.
Bean Base: 72.20 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,378/year. Property taxes will be prorated to date of closing.
TRACTS #1 & #2 FARM LEASE: Sellers are to retain all of the 2022 cash rent due for 2022. Contact the auctioneer for details. The lease for 2023 has been terminated.
TRACT #2
LEGAL DESCRIPTION: (119 Acres M/L)
Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4); Northwest Quarter of the Northeast Quarter (NW1/4 NE1/4), all in Section Fifteen (15); South One-Half of the Southeast Quarter of the Southeast Quarter (S1/2 SE1/4 SE1/4); Lot 1 in the South Half of the Southwest Quarter of the Southeast Quarter (Lot 1 S1/2 SW1/4 SE1/4), Except Parcel 40862410400003, all in Section Ten (10), Township Eighty-six (86) North, Range Twenty-four (24), West of the 5th P.M., Hamilton County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 118.44 acres
Corn Base: 54.60 acres PLC Yield: 165 bu.
Bean Base: 63.20 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,680/year. Property taxes will be prorated to date of closing.
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 120 acres m/l and Tract #2 will be sold as 119 acres m/l.
IMPROVEMENTS: Both tracts are unimproved except for 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 April 1, 2023.
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 April 1, 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 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: Groves & Chizek Law Firm
SELLERS: Jacqueline Grieves & Melody Grieves
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 to 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.