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HARDIN COUNTY: 150 ACRES M/L



$12,700/ACRE


FRIDAY, APRIL 5, 2024 at 10:00 AM

ECC AGRICULTURAL CENTER

705 ELLSWORTH AVENUE

IOWA FALLS, IOWA

LISTING AGENT:

LISTING # 24105






DESCRIPTION:  150 acres m/l to be offered at auction on Friday, April 5th, 2024, at 10:00 A.M. This property consists of 150 acres m/l, of which there are approximately 148.37 taxable acres and 148.86 cropland acres m/l. This tract has an average CSR2 of 83.4, with the Hardin County average CSR2 being 79.4.

 

DIRECTIONS:  From Iowa Falls, Iowa, go south on State Highway # 65 to 150th Street, then 2 miles west to JJ Avenue, then 1 mile south on JJ Avenue to 160th Street, then 1/4 mile west. The subject property is located on the north side of 160th Street. Please watch for real estate signs.

 

LEGAL DESCRIPTION:  (150 Acres M/L) Southeast Quarter (SE1/4) in Section Thirty-four (34), Township Eighty-nine (89) North, Range Twenty-one (21), West of the 5th P.M., Hardin County, Iowa, Except Parcel # 892134400004. Please refer to abstract for the exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  148.86 acres

Corn Base:  93.37 acres    PLC Yield:  159 bu.

Bean Base:  55.49 acres   PLC Yield:  53 bu.

 

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

 

PROPERTY TAXES:  $5,224/year. Property taxes will be prorated to date of closing.

 

IMPROVEMENTS:  Improvements are field drainage tile and perimeter fence.

 

FARM LEASE:  The subject property is rented for the 2024 crop year with the current lease to be assigned to buyer at closing. The first one half of the cash rent for 2024, due on March 1, 2024, will be prorated to the date of closing. The second half of the cash rent due November 1, 2024, will be paid 100% to the buyers on the due date. The sellers will add $50/per tillable acre to the current cash rent which will be paid at closing. Contact the auctioneer for details of the lease. The lease for 2025 has been terminated.

 

TERMS AND CONDITIONS

 

SALE METHOD:  This tract will be offered as an individual tract of 150 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 June 1, 2024, subject to the current cash rent lease and current tenant’s rights for the 2024 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 June 1, 2024. 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:  Richard Bordwell

 

SELLERS:  RCA Duffy, LLC

 

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.

 

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