HARDIN COUNTY: 226 ACRES M/L
TRACT #1: $12,000/ACRE
TRACT #2: $12,600/ACRE
TRACT #3: $14,600/ACRE
FRIDAY, MARCH 10, 2023 at 10:00 AM
ECC AGRICULTURAL CENTER
705 ELLSWORTH AVENUE
IOWA FALLS, IOWA
LISTING AGENTS:
Kellen Suntken (515-571-8565)
LISTING #23107
DESCRIPTION: 226 acres m/l to be offered in three individual tracts at auction on Friday, March 10th, 2023, at 10:00 A.M. Tract #1 consists of 92 acres m/l with 92 taxable acres m/l and 92 cropland acres m/l. Tract #2 consists of 83 acres m/l with 81 taxable acres m/l and 81.45 cropland acres m/l. Tract #3 consists of 51 acres m/l with 49.45 taxable acres m/l and 52.31 cropland acres m/l. Tract #1 has an average CSR2 of 82.9, Tract #2 has an average CSR2 of 86.5, with Tract #3 having an average CSR2 of 85.5, with the county average CSR2 being 79.7.
DIRECTIONS: Tract #1 & #2: From Iowa Falls, Iowa, go east on County Highway D-15 approximately 1 mile. Tract #1 and Tract #2 are located on the north side of D-15 across the road to the north from Meadow Hills Golf Course. Tract #3: From Iowa Falls, Iowa, go east on County Highway D-15 to MM Avenue. Tract #3 is located in the NW corner of the intersection of MM Avenue and D-15. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (92 Acres M/L) All that part of the North One-Half (N1/2) of Section Sixteen (16), Township Eighty-nine (89) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa, lying south of the Railroad Right of Way and east of the ditch, Except Parcel #8920110005 and Except Parcel #89201100004. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 92 acres (Est)
Corn Base: 49 acres PLC Yield: 164 bu. (Est)
Bean Base: 43 acres PLC Yield: 48 bu. (Est)
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TRACT #2
LEGAL DESCRIPTION: (83 Acres M/L) All that part of the North One-Half (N1/2) of Section Sixteen (16), Township Eighty-nine (89) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa, lying south of the Railroad Right of Way and west of the ditch, Except Parcel #892016100005. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 81.45 acres (Est)
Corn Base: 43 acres PLC Yield: 164 bu. (Est)
Bean Base: 38 acres PLC Yield: 48 bu. (Est)
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TRACT #3
LEGAL DESCRIPTION: (51 Acres M/L) East One-Half of the Northeast Quarter (E1/4 NE1/4) of Section Seventeen (17), Township Eighty-nine (89) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa, lying south of the Railroad Right of Way, Except Parcel #892017200015. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 52.31 acres (Est)
Corn Base: 27 acres PLC Yield: 164 bu. (Est)
Bean Base: 24 acres PLC Yield: 48 bu. (Est)
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TRACTS #1, #2, & #3 FARM LEASE: All three tracts are rented for 2023, with the seller retaining the first half of the cash rent due March 1, 2023, and the buyer receiving the 2nd half of the cash rent due September 1, 2023. In addition, the buyer will receive another $55/tillable acre at closing to supplement the rent due September 1, 2023. Contact the auctioneer for details. The lease for 2024 has been terminated.
TRACTS #1, #2, & #3 IMPROVEMENTS: These properties are unimproved except for field drainage tile and perimeter fence.
Tract #1: $2,850/yr (Est)
Tract #2: $2,650/yr (Est)
Tract #3: $1,678/yr (Est)
Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: Tracts #1, #2 & #3 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 92 acres m/l, Tract #2 will be sold as 83 acres m/l, with Tract #3 being sold as 51 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 May 1, 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 May 1, 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: Stacey Harding
SELLERS: Clerus Holdings, 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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