JASPER COUNTY: 115 ACRES M/L
TRACT #1 - $7,000/ACRE
TRACT #2 - $8,100/ACRE
TUESDAY, JANUARY 19th, 2021, at 10:00 AM
IZAAK WALTON LEAGUE
889 HWY F36 W
NEWTON, IOWA
*AUCTION LOCATION SUBJECT TO CHANGE DUE TO COVID-19 RESTRICTIONS. PLEASE CHECK OUR WEBSITE REGARDING CHANGES OR CONTACT AGENT. NO REFRESHMENTS WILL BE SERVED UNTIL FURTHER NOTICE. THANK YOU FOR UNDERSTANDING.
*Face masks are required and social distancing should be maintained.
LISTING AGENTS:
Joe Sandve (641-752-4505, Ag Land Realty & Insurance)
LISTING #21100
DESCRIPTION: 115 acres m/l to be offered in two individual tracts at auction on Tuesday, January 19th, 2021 at 10:00 A.M. Tract #1 consists of 75 acres m/l, of which there are 73.64 taxable acres m/l and 73.82 cropland acres m/l. Tract #2 consists of 40 acres m/l, of which there are 39 taxable acres m/l and 37.81 cropland acres m/l. Tract #1 has an average CSR2 of 62.5, and Tract #2 has an average CSR2 of 68.3, with the county average CSR2 being 67.8.
DIRECTIONS: From Newton, Iowa, go east on County Highway #6 to County Blacktop T-12, then go north on T-12 to county rock road E 44th Street North, then continue north 1/2 mile. Tract #1 is located on the east side of E 44th Street North. Tract #2 is located on the west side of E 44th Street North. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (75 Acres M/L) West One-Half of the Northwest Quarter (W1/2 NW1/4) of Section Thirty-one (31), Township Eighty-one (81) North, Range Eighteen (18), West of the 5th P.M., Jasper County, Iowa, Except Parcel “A”. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 73.82 acres (Est)
Corn Base: 36.25 acres PLC Yield: 149 bu.
Bean Base: 36.25 acres PLC Yield: 46 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,268/year
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #2
LEGAL DESCRIPTION: (40 Acres M/L) The Southeast Quarter of the Northeast Quarter (SE 1/4 NE1/4) of Section Thirty-six (36), Township Eighty-one (81) North, Range Nineteen (19), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description
FARM PROGRAM INFORMATION:
Cropland: 37.81 acres (Est)
Corn Base: 17.8 acres PLC Yield: 149 bu.
Bean Base: 17.8 acres PLC Yield: 46 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $1,304/year
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACTS #1 & #2-FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. The subject properties are open for 2021. The lease for 2020 has been terminated.
LISTING #21100 TERMS AND CONDITIONS
SALE METHOD: Tracts #1 & #2 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 75 acres m/l and Tract #2 will be sold as 40 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 March 1, 2021, subject to the current cash rent lease and current tenant’s rights for the 2020 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 March 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 AVAILABLE
Please contact agent for details.
ATTORNEY: Richard Bordwell
SELLERS: David & Kristin Nuelle
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.