HANCOCK & WRIGHT COUNTIES: 225 ACRES M/L
TRACT #1: $11,100/ACRE
TRACT #2: $5,900/ACRE
TRACT #3: $11,200/ACRE
TRACT #4: $8,100/ACRE
FRIDAY, JUNE 23, 2023 at 10:00 AM
CATTLEMAN'S AT THE CLUB
1608 3RD ST NE
BELMOND, IOWA
LISTING AGENTS:
Kellen Suntken (515-571-8565)
LISTING #23110
DESCRIPTION: 225 acres m/l to be offered in four individual tracts at auction on Friday, June 23rd, 2023, at 10:00 A.M. Tract #1 consists of 28 acres m/l, of which there are 25.82 taxable acres m/l and 24.6 cropland acres m/l., with an average CSR2 of 84.5. Tract #2 consists of 77 acres m/l with 76.55 taxable acres m/l and 48.57 cropland acres m/l, with an average CSR2 of 57.3. Tract #3 consists of 80 acres m/l, of which there are 79 taxable acres m/l and 66.8 cropland acres m/l with a CSR2 of 82. Tract #4 consists of 40 acres m/l with 33.2 taxable acres m/l and 28.6 cropland acres m/l with an average CSR 2 of 58. The average CSR2 rating for Hancock County is 78.7 and the average CSR2 for Wright County is 82.2.
DIRECTIONS: Tract #1-From Goodell, Iowa, go east on County Blacktop B-63 to Timber Drive, then south on Timber Drive the intersection of Timber Drive and 100th Street. Tract #1 is located in the NW corner of that intersection. Tract #2 & #3-From Goodell, Iowa, go north on State Highway #69 to county rock road 125th Street, then east on 125th Street 1 mile to Taft Avenue. Tract #2 is located in the southeast corner of the intersection of 125th Street and Taft Avenue and Tract #3 is located in the NE corner of the intersection of 125th Street and Taft Avenue. Tract #4-From Belmond, Iowa, go south on State Highway #69 to County Blacktop C-25. Go west on C-25 1 mile to the intersection of C-25 and Reed Avenue. Tract #4 is located in the NW corner of that intersection. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (28 Acres M/L) Southeast Quarter of the Southeast Quarter of the Southwest Quarter (SE1/4 SE1/4 SW1/4); North One-Half of the Southeast Quarter of the Southwest Quarter (N1/2 SE1/4 SW1/4) in Section Thirty-two (32), Township Ninety-four (94) North, Range Twenty-three (23), West of the 5th P.M., Hancock County, Iowa, Except Tract # 1632379000. Please see abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 24.6 acres
Corn Base: 12.09 acres PLC Yield: 123 bu.
Bean Base: 12.21 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $666/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #2
LEGAL DESCRIPTION: (77 Acres M/L) Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4), Except Parcel A; Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4), all in Section Twenty (20), Township Ninety-four (94) North, Range Twenty-three (23), West of the 5th P.M., Hancock County, Iowa. Please see abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 48.67 acres (Est)
Corn Base: 24.33 acres PLC Yield: 123 bu.
Bean Base: 24.34 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $1,346/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #3
LEGAL DESCRIPTION: (80 Acres M/L) West One-Half of the Northwest Quarter (W1/2 NW1/4) of Section Twenty (20), Township Ninety-four (94) North, Range Twenty-three (23), West of the 5th P.M., Hancock County, Iowa. Please see abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 66.8 acres (Est)
Corn Base: 33.4 acres PLC Yield: 123 bu.
Bean Base: 33.4 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $1,892/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #4
LEGAL DESCRIPTION: (40 Acres M/L) Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) of Section Eleven (11), Township Ninety-two (92) North, Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa. Please see abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 28.6 acres
Corn Base: 19.50 acres PLC Yield: 118 bu.
Bean Base: 1.80 acres PLC Yield: 33 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $1,892/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property has some improvements such as a 1252 square foot home that was built in 1935. This home has a full basement along with 2 bedrooms and a full bath. This home is being sold “AS IS.” There is also a 60’ x 60’ pole machine shed, two smaller steel bins for grain storage, and other buildings that are also included in this auction, all being sold “AS IS”. The other improvements on this property are field drainage tile and perimeter fence.
TRACTS #1, #2, #3, & #4-FARM LEASE: All of the tracts are rented for 2023. Sellers are to retain all of the 2023 cash rent due for 2023. All of the tenants on all of the tracts have had the lease for 2024 terminated.
TERMS AND CONDITIONS
SALE METHOD: Tracts #1, #2, #3, & #4 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 28 acres m/l, Tract #2 will be sold as 77 acres m/l, Tract #3 will be sold as 80 acres m/l, and Tract #4 will be sold as 40 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 15, 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 September 15, 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: John Coonley
SELLERS: Gerald J. Rockow 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.