JASPER COUNTY: 275 ACRES M/L
TRACT #1: $17,100/ACRE
TRACT #2: $14,300/ACRE
TRACT #3: $10,700/ACRE
FRIDAY, AUGUST 26, 2022 at 10:00 AM
SULLY COMMUNITY CENTER
318 6TH AVENUE
SULLY, IOWA
LISTING AGENTS:
LISTING #22121
AERIAL MAP TRACT #1
DESCRIPTION: 275 acres m/l to be offered in three individual tracts at auction on Friday, August 26th, 2022, at 10:00 A.M. Tract #1 consists of 120 acres m/l, of which there are 118.42 taxable acres m/l and 118.47 cropland acres m/l. Tract #2 consists of 120 acres m/l with 119 taxable acres m/l and 113.49 cropland acres m/l. Tract #3 consists of 35 acres m/l with 34.49 taxable acres m/l and 31.2 cropland acres m/l. Tract #1 has an average CSR2 of 83.6, Tract #2 has an average CSR2 of 74.2, and Tract #3 has an average CSR2 of 53.1, with the county average CSR2 being 67.8.
DIRECTIONS: Tract #1 From Lynnville, Iowa, go southwest on Terrace Avenue approximately 1/2 mile. Tracts #1 & #2 are located on the north and west side of Terrace Avenue, with Tract #3 being located on the south and east side of Terrace Avenue. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (120 Acres M/L) The NE1/4 SE1/4 Except Parcels A, C, & D north of Terrace Avenue; NW1/4 SE1/4 Except Parcel A & Part of Parcel B; NE1/4 SW1/4; S1/2 NW1/4 SW1/4; all in Section Ten (10), Township Seventy-eight (78) North, Range Seventeen (17), West of the 5th P.M., Jasper County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 118.47 acres
Corn Base: 72 acres PLC Yield: 175 bu.
Bean Base: 40 acres PLC Yield: 54 bu.
The north 62.60 acres m/l of this farm is classified as HEL, with the south 55.78 acres m/l as NHEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,456/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property has two older pole buildings, being sold “AS IS” with other improvements such as field drainage tile and perimeter fence.
TRACT #2
LEGAL DESCRIPTION: (120 Acres M/L) SW1/4 SE1/4; SE1/4 SW1/4; SW1/4 SW1/4, all in Section Ten (10), Township Seventy-eight (78) North, Range Seventeen (17), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 113.49 acres
Corn Base: 69 acres PLC Yield: 175 bu.
Bean Base: 44 acres PLC Yield: 54 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $3,882/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #3
LEGAL DESCRIPTION: (35 Acres M/L) NE1/4 SE1/4, Except Parcels A, C, & D south of Terrace Avenue; SE1/4 SE1/4, Except Parcels D, E, F, & G, all in Section Ten (10), Township Seventy-eight (78) North, Range Seventeen (17), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 31.20 acres
Corn Base: 19 acres PLC Yield: 175 bu.
Bean Base: 12 acres PLC Yield: 54 bu.
TRACTS #1, #2 & #3 FARM LEASE: Sellers are to retain all of the 2022 cash rent due for 2022. Contact the auctioneer for details. The lease for 2023 has been terminated.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $680/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
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 120 acres m/l, Tract #2 will be sold as 120 acres m/l, with Tract #3 being sold as 35 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 September 30, 2022, 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 September 30, 2022. 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: Fred Kreykes
SELLERS: Richarla A. Van Ee 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.