HARDIN COUNTY: 228 ACRES M/L
TRACT #1: $14,100/ACRE
TRACT #2: $15,100/ACRE
TRACT #3: $4,700/ACRE
WEDNESDAY, DECEMBER 28, 2022 at 10:00 AM
RADCLIFFE AMERICAN LEGION
115 ISABELLA STREET
RADCLIFFE, IOWA
LISTING AGENT:
LISTING #22141
DESCRIPTION: 228 acres m/l to be offered in three individual tracts at auction on Wednesday, December 28th, 2022, at 10:00 A.M. Tract #1 consists of 138 acres m/l, of which there are 134 taxable acres m/l and 134.34 cropland acres m/l. Tract #2 consists of 52 acres m/l, of which there are 51 taxable acres m/l and 51.48 cropland acres m/l. Tract #3 consists of 38 acres m/l, of which there are 37 taxable acres m/l and 37 acres m/l of pasture. Tract #1 has an average CSR2 of 84.7, Tract #2 has an average CSR2 of 85, with Tract #3 having an average CSR2 of 67.3. The Hardin County average CSR2 is 79.7.
DIRECTIONS: From Garden City, Iowa, go south on County Blacktop S-27 to County Blacktop D-65, then go west on D-65 to D Avenue. All three tracts are located in the SW corner of the intersection of D-65 and D Avenue. From McCallsburg, go north on County Blacktop S-27 to County Blacktop D-65, then west on D-65 approximately 2 miles. All three tracts are located in the SW corner of the intersection of D-65 and D Avenue. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (138 Acres M/L) The Northeast Quarter (NE1/4) of Section Twenty-nine (29), Township Eighty-six (86) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, Except Parcel #862229200001 and Except Parcel #3. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 134.34 acres (Est)
Corn Base: 87 acres PLC Yield: 167 bu.
Bean Base: 47 acres PLC Yield: 52 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TRACTS #1, #2 & #3 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 and all tracts are available for 2023.
TRACT #2
LEGAL DESCRIPTION: (52 Acres M/L) The East One-Half of Northwest Quarter (E1/2 NW1/4) of Section Twenty-nine (29), Township Eighty-six (86) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, Except Parcel # 862229200001 and Except Parcel #3. Please refer to the abstract for exact legal description
FARM PROGRAM INFORMATION:
Cropland: 51.48 acres (Est)
Corn Base: 34 acres PLC Yield: 167 bu.
Bean Base: 18 acres PLC Yield: 52 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TRACT #3
LEGAL DESCRIPTION: (38 Acres M/L) West One-Half of the Northeast Quarter (W1/2 NE1/4) and the East One-Half of Northwest Quarter (E1/2 NW1/4) of Section Twenty-nine (29), Township Eighty-six (86) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa, Except Parcel # 862229200001 and Except Parcel #1 and #2. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION: This property is all permanent pasture and has no corn or bean base.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
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 138 acres m/l, Tract #2 will be sold as 52 acres m/l and Tract #3 will be sold as 38 acres m/l.
IMPROVEMENTS: Tract #1 has 2 metal storage bins in the NE corner of the property. These bins are property of the tenant, so they are not being sold with the property, but most likely will stay with the property. These bins will be reserved for the tenant until July 1, 2023. Other improvements on all tracts are field drainage tile and perimeter fence. Please note that all gates and cattle feeders are the property of the tenant and are not a part of this sale.
PROPERTY TAXES:
Tract #1: $5,000/yr (Est)
Tract #2: $2,000/yr (Est)
Tract #3: $600/yr (Est)
Property taxes will be prorated to date of closing.
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 February 15, 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 February 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: Dan Stockdale
SELLERS: Margaret C. Huffman Revocable Trust & Family Trust Created under the Porter Living Trust
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.
