HARDIN COUNTY: 117 ACRES M/L
FRIDAY, NOVEMBER 11, 2022 at 3:00 PM
ECC AG & RENEWABLE ENERGY CENTER
705 ELLSWORTH AVE
IOWA FALLS, IOWA
DESCRIPTION: 117 acres m/l to be offered at auction on Friday, November 11th, 2022, at 3:00 P.M. This property consists of 117 acres m/l, of which there are approximately 115 taxable acres and 87 cropland acres m/l. This tract has an average CSR2 of 50.7, with the Hardin County average CSR2 being 79.7.
DIRECTIONS: From Iowa Falls, Iowa, go east on County Blacktop D-15 to OO Avenue, then south on OO Avenue, a county rock road, to 155th Street, which is a county rock road also, then south on OO Avenue again for about 3/4 mile. The subject property is on the east side of OO Avenue, or from Iowa Falls, go south on State Highway #65 to 140th Street, then east on 140th Street to N Avenue, then south on N Avenue to 150th Street, then follow 150th Street to the southeast until it connects to OO Avenue, then 1/4 mile south. The subject property is located on the east side of OO Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (117 Acres M/L) Northwest Quarter of the Northeast Fractional Quarter (NW1/4 NE Frl.1/4), Except the Thirty-three (33) acres with the building site and 20 acres of crop ground to be surveyed; Northeast Quarter of the Northeast Fractional Quarter (NE1/4 NW Frl. 1/4), Except the East 68 Rods of the North 78 Rods; Southwest Quarter of the Northeast Fractional Quarter (SW1/4 NE Frl. 1/4); Southeast Quarter of the Northeast Fractional Quarter (SE1/4 NE Frl. 1/4), all in Section Four (4), Township Eighty-eight (88) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for the exact legal description. (The subject property will be surveyed prior to the auction and the purchase price, if necessary, will be adjusted based on the acres the survey shows once the survey is completed.)
FARM PROGRAM INFORMATION:
Cropland: 87 acres (Est)
Corn Base: 74 acres PLC Yield: 132 bu.
Bean Base: 13 acres PLC Yield: 35 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is rented for the 2022 crop year. The seller will retain 100% of the crop income or cash rent for the property for 2022. The lease for 2023 has been terminated.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
PROPERTY TAXES: $2,300/year (Est). Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 117 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 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: Mike Smith
SELLERS: George Umscheid 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.