FRANKLIN COUNTY: 158 ACRES M/L
$7,700/ACRE
THURSDAY, AUGUST 19, 2021, at 10:00 AM
RIDGE STONE GOLF CLUB
7 BRICKYARD ROAD
SHEFFIELD, IOWA
LISTING AGENT:
LISTING #21122
DESCRIPTION: 158 acres m/l to be offered at auction on Thursday, August 19th, 2021, at 10:00 A.M. This property consists of 158 acres m/l, of which there are approximately 153.82 taxable acres and 140.95 cropland acres m/l. This tract has an average CSR2 of 73, with the Franklin County average CSR2 being 80.7.
DIRECTIONS: From Sheffield, Iowa, go west on County Highway C-13 to Mallard Avenue, then south on Mallard Avenue 2.5 miles. This property is located on the west side of Mallard Avenue. From Chapin, Iowa, go north on County Blacktop S-43 to 220th Street, then west on 220th Street 2 miles. The subject property is located in the NW corner of the intersection of 220th Street and Mallard Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (158 Acres M/L) Southeast Quarter (SE1/4) of Section Twenty-four (24), Township Ninety-three (93) North, Range Twenty-one (21), West of the 5th P.M., Franklin County, Iowa, Except Parcel #0224400006 in the NE1/4 SE1/4. Please refer to the abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 140.95 acres*
Corn Base: 93.99 acres PLC Yield: 159 bu.
Bean Base: 31.1 acres PLC Yield: 46 bu.
*This property has two CRP contracts currently in force. Contract #1 (#2336A) 5.58 acres @ $175.10/acre until 2030. Contract #2 (2572A) .75A @$243.60/acre until 2027.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is presently rented for the 2021 crop year. The sellers will retain 100% of the crop income or cash rent for 2021. The lease for 2022 has been terminated.
LISTING #21122 TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 158 acres m/l.
TAXES: $4,024/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: The improvements on this property 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 October 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 October 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: Randy Johansen, Referee
SELLERS: Rother/Brouwer V. Killpack/Berg Partition-#EQCV501778-Randy Johanson-Referee
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. SALE IS SUBJECT TO COURT APPROVAL.
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.