HAMILTON COUNTY: 586 ACRES M/L
TRACT #1 - $16,800/ACRE
TRACT #2 - $14,200/ACRE
TRACT #3 - $15,500/ACRE
TRACT #4 - $15,800/ACRE
TRACT #5 - $15,300/ACRE
WEDNESDAY, JUNE 30th, 2021, at 10:00 AM
QUALITY INN CONFERENCE CENTER
2601 E 13th ST.
AMES, IOWA
LISTING AGENT:
LISTING #21102
AERIAL MAP - TRACT #1
DESCRIPTION: 586 acres m/l to be offered in 5 individual tracts at auction on Wednesday, June 30th, 2021, at 10:00 A.M.
Tract #1: 120 acres m/l, of which there are 119 taxable acres m/l and 116.74 cropland acres m/l. Average CSR2 of 86.
Tract #2: 155 acres m/l, of which there are 151.46 taxable acres m/l and 149.99 cropland acres m/l. Average CSR2 of 80.2.
Tract #3: 80 acres m/l, of which there are 77.02 taxable acres m/l and 76.88 cropland acres m/l. Average CSR2 of 80.3.
Tract #4: 78 acres m/l, of which there are 75.09 taxable acres m/l and 74.36 cropland acres m/l. Average CSR2 of 85.8.
Tract #5: 153 acres m/l, of which there are 152.39 taxable acres m/l and 151.58 cropland acres m/l. Average CSR2 of 86.6.
The average CSR2 of Hamilton County is 82.7.
DIRECTIONS:
Tract #1: From Ellsworth, Iowa, go east on State Highway #175 to County Blacktop R-77, then north on R-77 to 290th Street, then east on 290th Street 1.5 miles. Tract #1 is located on the north side of 290th Street.
Tract #2: From Ellsworth, Iowa, go east on State Highway #175 to County Blacktop R-77, then north on R-77 to 300th Street, then east on 300th Street to Young Avenue. Tract #2 is located in the northeast corner of the intersection of 300th Street and Young Avenue.
Tract #3 & Tract #4: From Ellsworth, Iowa, go east on State Highway #175 to County Blacktop R-77, then north on R-77 to 310th Street, then east on 310th Street to Young Avenue. Tract #3 is located in the southwest corner of the intersection of 310th Street and Young Avenue, with Tract #4 located in the southeast corner of the intersection of 310th Street and Young Avenue.
Tract #5: From Ellsworth, Iowa, go east on State Highway #175 to County Blacktop R-77. Tract #5 is located in the southeast corner of the intersection of #175 and R-77. Please watch for auction signs.
TRACT #1-120A M/L
LEGAL DESCRIPTION: (120 Acres M/L) West One-Half of the Southeast Quarter (W1/2 SE1/4); Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4) all in Section Two (2), Township Eighty-seven (87) 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: 116.74 acres
Corn Base: 57.32 acres PLC Yield: 165 bu.
Bean Base: 59.40 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,432/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #2-155A M/L
LEGAL DESCRIPTION: (155 Acres M/L) Southwest Quarter (SW1/4), all in Section Eleven (11), Township Eighty-seven (87) North, Range Twenty-three (23), West of the 5th P.M., Hamilton County, Iowa., Except a parcel 406’ x 525’ in the S1/2 SE1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 149.99 acres
Corn Base: 74.30 acres PLC Yield: 165 bu.
Bean Base: 75.50 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $5,256/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #3-80A M/L
LEGAL DESCRIPTION: (80 Acres M/L) East One-half of the Northeast Quarter (E1/2 NE1/4), all in Section Twenty-two (22), Township Eighty-seven (87) 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: 76.88 acres
Corn Base: 76.88 acres PLC Yield: 165 bu.
Bean Base: None PLC Yield: None
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,678/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #4-78A M/L
LEGAL DESCRIPTION: (78 Acres M/L) West One-half of the Northwest Quarter (W1/2 NW1/4), all in Section Twenty-three (23), Township Eighty-seven (87) North, Range Twenty-three (23), West of the 5th P.M., Hamilton County, Iowa, Except a lot in the NW1/4 NW1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 74.30 acres
Corn Base: 36.20 acres PLC Yield: 165 bu.
Bean Base: 37.10 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,792/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #5-153A M/L
LEGAL DESCRIPTION: (153 Acres M/L) Northwest Quarter (NW1/4), all in Section Thirty-five (35), Township Eighty-seven (87) North, Range Twenty-three (23), West of the 5th P.M., Hamilton County, Iowa, Except the cemetery in the NW1/4 NW1/4 and Except Parcel D in the NE1/4 NW1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 151.58 acres
Corn Base: 117.30 acres PLC Yield: 165 bu.
Bean Base: 33 acres PLC Yield: 48 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $5,708/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
LISTING #21102 TERMS AND CONDITIONS
FARM LEASE-ALL TRACTS: Sellers are to retain all of the 2021 cash rent and/or crops due for 2021. Contact the auctioneer for details. The lease for 2022 has been terminated.
SALE METHOD: These properties will be sold as five individual tracts and will not be combined. Tract #1 will be sold as 120 acres m/l, Tract #2 will be sold as 155 acres m/l, Tract #3 will be sold as 80 acres m/l, Tract #4 will be sold as 78 acres m/l, and Tract #5 will be sold as 153 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 October 1, 2021, subject to the current cash rent lease and current tenant’s rights for the 2021 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 October 1, 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.
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: Tom Wynia
SELLERS: Sinold Swenson 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 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.