HANCOCK COUNTY: 240 ACRES M/L
TRACT #1: $9900/ACRE
TRACT #2: $6000/ACRE
FRIDAY, DECEMBER 2, 2022 at 10:00 AM
CATTLEMAN'S AT THE CLUB
1608 3RD STREET NE
BELMOND, IOWA
LISTING AGENTS:
LISTING #22107
DESCRIPTION: 240 acres m/l to be offered in two individual tracts at auction on Friday, December 2nd, 2022, at 10:00 A.M. Tract #1 consists of 120 acres m/l, of which there are 119.73 taxable acres m/l and 115 cropland acres m/l. Tract #2 consists of 120 acres m/l, of which there are 117.72 taxable acres m/l and 115 cropland acres m/l. Tract #1 has an average CSR2 of 82, and Tract #2 has an average CSR2 of 68.2, with the county average CSR2 being 78.7.
DIRECTIONS: Tract #1 & Tract #2-From Goodell, Iowa, go west on County Blacktop B-63 to Nash Avenue. Tract #1 is in the NW corner of the intersection of B-63 and Nash Avenue, with Tract #2 being located in the NE corner of the intersection of Nash Avenue and B-63. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (120 Acres M/L) The Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4); Lot #2 in SE1/4 NE1/4, Except Parcel # 1530177000 and Except Parcel #1530176000; Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4), Except Parcel “A”; Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), Except Parcel “A,” all in Section Thirty (30), Township Ninety-four (94) North, Range Twenty-four (24), West of the 5th P.M., Hancock County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 115 acres (Est)
Corn Base: 75 acres PLC Yield: 124 bu.
Bean Base: 39 acres PLC Yield: 36 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $3,068/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACTS #1 & #2-FARM LEASE: Sellers are to retain all of the 2022 cash rent or crop income due for 2022. The lease for 2023 has been terminated.
TRACT #2
LEGAL DESCRIPTION: (120 Acres M/L) Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4), Except Parcel A; Southeast Quarter of the Southwest Quarter (SE1/4 SW1/4); Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4), Except Parcel #152935100; Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4), Except Parcel #1529301001, all in Section Twenty-nine (29), Township Ninety-four (94) North, Range Twenty-four (24), West of the 5th P.M., Hancock County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 115 acres (Est)
Corn Base: 69 acres PLC Yield: 123 bu.
Bean Base: 31 acres PLC Yield: 36 bu.
This property does have 18.5 acres of CRP bid in at $268.59/acre until 2023. This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,480/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
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 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. Al funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about January 11, 2023, subject to the current cash rent lease and current tenant’s rights for the 2022 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 January 11, 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: Gary Berkland
SELLERS: Schuver Family Farm
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.
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