HARDIN COUNTY: 77 ACRES M/L
TUESDAY, DECEMBER 7, 2021, at 10:00 AM
LISCOMB COMMUNITY CENTER
114 MAIN STREET
DESCRIPTION: 77 acres m/l to be offered at auction on Tuesday, December 7th, 2021, at 10:00 A.M. This property consists of 77 acres m/l, of which there are approximately 77.01 taxable acres and 77.01 cropland acres m/l. This tract has an average CSR2 of 92.1, with the Hardin County average CSR2 being 79.7.
DIRECTIONS: From Eldora, Iowa, go east on State Highway #175 approximately 3.5 miles. The subject property is located on the north side of Highway #175 or from Whitten, Iowa, go north to State Highway #175, then west on Highway #175 1/4 mile. The subject is located on the north side of Highway #175. Please watch for real estate signs.
LEGAL DESCRIPTION: (77 Acres M/L) West One-Half of the Southeast Quarter (W1/2 SE1/4) all in Section Twelve (12), Township Eighty-seven (87) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa, Except Parcel 871912400004. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 77.01 acres
Corn Base: 42.3 acres PLC Yield: 176 bu.
Bean Base: 34.1 acres PLC Yield: 49 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, with current lease to be assigned to buyer at closing. Contact the auctioneer for details. The lease for 2022 has not been terminated.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 77 acres m/l.
TAXES: $2,662/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements are 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 30, 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 30, 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: All bids will be on a per acre basis. 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: Eric Borseth
SELLERS: Shadley Grei & Martha Torrence 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 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.