HARDIN COUNTY: 364 ACRES M/L
TRACT 1 - $11,700/ACRE
TRACT 2 - $12,300/ACRE
TRACT 3 - $11,300/ACRE
TRACT 4 - $9600/ACRE
WEDNESDAY, NOVEMBER 3, 2021, at 10:00 AM
ECC AG & RENEWABLE ENERGY CENTER
705 ELLSWORTH AVENUE
IOWA FALLS, IOWA
LISTING AGENT:
LISTING #21138
AERIAL MAP TRACT #1
DESCRIPTION: 364 acres m/l to be offered in four individual tracts at auction on Wednesday, November 3, 2021, at 10:00 A.M. Tract #1 consists of 37 acres m/l, of which there are 36.11 taxable acres m/l and 38.3 cropland acres m/l. Tract #2 consists of 140 acres m/l, of which there are 138.99 taxable acres m/l and 138 cropland acres m/l. Tract #3 consists of 142 acres, of which there are 141.11 taxable acres m/l and 134 cropland acres m/l. Tract #4 consists of 45 acres m/l, of which there are 44.73 taxable acres m/l and 45.48 cropland acres m/l. Tract #1 has an average CSR2 of 85.5, Tract #2 has an average CSR2 of 85, Tract #3 has an average CSR2 of 84.2, & Tract #4 has an average CSR2 of 75.3. The county average CSR2 for Hardin County is 79.9.
DIRECTIONS: Tracts #1, #2, & #3: From Owasa, Iowa, go east on County Blacktop D-35 approximately 1 mile. Tract #1 is located on the north side of D-35, with Tracts #2 & #3 being located on the south side of D-35. Tract #4 is located in the SE portion of Union, Iowa, just east of County Blacktop S-62. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (37 Acres M/L) Southwest Quarter of the Northwest Quarter (SW1/4 NW1/4), Except Parcel A in Section Fifteen (15); all in Township Eighty-eight (88) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. See abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 38.3 acres
Corn Base: 18.2 acres PLC Yield: 149 bu.
Bean Base: 18.1 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $1,156/year. Property taxes will be prorated to date of closing.
FARM LEASE: Tracts #1, #2, & #3 are currently rented until 2026 at $350/tillable acre. Tract #4 is open for 2022. Contact the auctioneer for details.
TRACT #2
LEGAL DESCRIPTION: (140 Acres M/L) West One-Half of the Southeast Quarter (W1/2 SE1/4), Exc. Parcel B & C in Section Fifteen (15); East One-Half of the Southwest Quarter (E1/2 SW1/4) in Section Fifteen (15), all in Township Eighty-eight (88) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. Please see abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 138 acres (Est)
Corn Base: 92 acres PLC Yield: 177 bu. (Est)
Bean Base: 44 acres PLC Yield: 44 bu. (Est)
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,446/year. Property taxes will be prorated to date of closing.
TRACT #3
LEGAL DESCRIPTION: (142 Acres M/L) West One-Half of the Southwest Quarter (W1/2 SW1/4) in Section Fifteen (15); East One-Half of the Southeast Quarter (E1/2 SE1/4) in Section Sixteen (16), all in Township Eighty-eight (88) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. Please see abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 134 acres (Est)
Corn Base: 90 acres PLC Yield: 140 bu. (Est)
Bean Base: 43 acres PLC Yield: 44 bu. (Est)
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,470/year. Property taxes will be prorated to date of closing.
TRACT #4
LEGAL DESCRIPTION: (45 Acres M/L) West 10A. of the Southwest Quarter of the Southwest (W.10A-SW1/4 SW1/4)-Section 22; Part of the Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4) West of Woods 1st Block C, Exc. Tract in Section 22; Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4), Except N.1235.8’ of the West 429’ in Section 21; East 483.5’ of the South 634’ in the Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4) in Section 21, all in Township Eighty-six (86) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please see abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 45.48 acres
Corn Base: 21.5 acres PLC Yield: 133 bu.
Bean Base: 21.5 acres PLC Yield: 41 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $912/year. Property taxes will be prorated to date of closing.
LISTING #21138 TERMS AND CONDITIONS
SALE METHOD: **Please note: Bidder's Choice will not be exercised. All tracts will be offered and sold as individual tracts.** Tract #1 will be sold as 37 acres m/l, Tract #2 will be sold as 140 acres m/l, Tract #3 will be sold as 142 acres and Tract #4 will be sold as 45 acres m/l.
IMPROVEMENTS: All tracts are unimproved except for field drainage tile and perimeter fence.
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 December 1, 2021, subject to the current cash rent lease and current tenant’s rights for the 2021 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 December 1, 2021.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 can not 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: Brandon Ruopp
SELLERS: Sandve Farms Inc. & Henry Joe Sandve
*Seller is a licensed real estate broker in Iowa.
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 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.