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POLK AND JASPER COUNTIES: 317 ACRES M/L


FRIDAY, SEPTEMBER 6, 2024 at 3:00 PM
MAXWELL AREA COMMUNITY CENTER

84 MAIN STREET

MAXWELL, IOWA

LISTING AGENT:

LISTING # 24120




















DESCRIPTION:  317 acres m/l to be offered in five individual tracts at auction on Friday, September 6th, 2024, at 3:00 P.M. Tract # 1 consists of 37 acres m/l in Jasper County, with 35.98 taxable acres m/l and 35.6 cropland acres m/l with a CSR2 of 88.6. Tract # 2 consists of 80 acres m/l in Polk County, with 75.93 taxable acres m/l and 74 cropland acres m/l with a CSR2 of 70.4. Tract # 3 consists of 100 acres m/l in Jasper County, with 96.5 taxable acres m/l and 93.8 cropland acres m/l with a CSR2 of 64.7. Tract # 4 consists of 40 acres m/l in Jasper County, with 38 taxable acres m/l and 36 cropland acres m/l with a CSR2 of 63.6. Tract # 5 consists of 60 acres m/l in Jasper County, with 58.4 taxable acres m/l and 55.93 cropland acres m/l with a CSR2 of 57.4. The Polk County average CSR2 is 70.7 and the Jasper County average CSR2 is 68.5.

 

DIRECTIONS:  Tract # 1-From Collins, Iowa, go south on State Highway 65 to North 95th Avenue West. This tract is located in the NW corner of the intersection of North 95th Avenue West and State Highway 65. Tract # 2-From Farrar, Iowa, go north on County Blacktop S-28 to NE 142nd Avenue, then go east on NE 142nd Avenue 3/4 mile. Tract # 2 is located on the south side of NE 142nd Avenue or in the SW corner of the intersection of NE 142nd Avenue and NE 120th Street. Tracts # 3 & # 4-These tracts are located on the east side of NE 120th Street, across from Tract # 2. Tract # 5-From Tracts # 2, # 3, & # 4, go north on NE 120th Street around the curve and east 1/2 mile on North 95th Avenue West. Tract # 5 is located on the south side of North 95th Avenue West. Please watch for auction signs.


TRACT # 1-37 Acres

LEGAL DESCRIPTION:  (37 Acres M/L) Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4), all in Section Seventeen (17), Township Eighty-one (81) North, Range Twenty-one (21), West of the 5th P.M., Jasper County, Iowa, Except Parcel C. Please refer to abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  35.60 acres

Corn Base:  33.1 acres      PLC Yield:  126 bu.

Bean Base:  2.1 acres        PLC Yield:    43 bu.

 

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

 

PROPERTY TAXES:  $1,756/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, # 3, # 4 & # 5 FARM LEASE:  All tracts are rented for the 2024 crop year.  Sellers are to retain all of the cash rent or crop income due for 2024. The lease for 2025 has been terminated.

 

TRACT # 2-80 Acres

LEGAL DESCRIPTION:  (80 Acres M/L) East One-Half of the Northeast Quarter (E1/2  NE1/4), all in Section Twenty-four (24), Township Eighty-one (81) North, Range Twenty-two (22), West of the 5th P.M., Polk County, Iowa. Please refer to the abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  74 acres (Est)

Corn Base:  40 acres         PLC Yield:  126 bu.

Bean Base:  32 acres         PLC Yield:  43 bu.

Oats:  1.8 acres                   PLC Yield:  55 bu.

 

This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.

 

PROPERTY TAXES:  $2,342/year. Property taxes will be prorated to date of closing.

 

IMPROVEMENTS:  This property is unimproved except for field drainage tile and perimeter fence.

 

TRACT # 3-100 Acres 

LEGAL DESCRIPTION:  (100 Acres M/L) Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4) inf Section Eighteen (18); Northwest Quarter of the Northwest Quarter (NW1/4 NW1/4); West One-Half of the Northeast Quarter of the Northwest Quarter (W1/2 NE1/4 NW1/4),all in Section Nineteen (19), Township Eighty-one (81) North, Range Twenty-one (21), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  93.8 Acres (Est)

Corn Base:  57 acres         PLC Yield:  126 bu.

Bean Base:  36 acres         PLC Yield:  43 bu.

Oats:  1.4 acres                  PLC Yield:  55 bu.

 

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

 

PROPERTY TAXES:  $3,380/year. Property taxes will be prorated to date of closing.

 

IMPROVEMENTS:  This property is unimproved except for field drainage tile and perimeter fence.

 

TRACT # 4-40 Acres 

LEGAL DESCRIPTION:  (40 Acres M/L) Southwest Quarter of the Northwest Quarter (SW1/4 NW1/4), all in Section Nineteen (19), Township Eighty-one (81) North, Range Twenty-one (21), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  36 Acres (Est)

Corn Base:  22 acres         PLC Yield:  126 bu.

Bean Base:  14 acres         PLC Yield:  43 bu.

 

This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.

 

PROPERTY TAXES:  $1,320/year. Property taxes will be prorated to date of closing.

 

IMPROVEMENTS:  This property is unimproved except for field drainage tile and perimeter fence.


TRACT # 5-60 Acres 

LEGAL DESCRIPTION:  (60 Acres M/L) Lot # 1 in the Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4); North 14 Acres of the Southwest Quarter of the Southeast Quarter (N. 14A. SW1/4 SE1/4); Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), all in Section Eighteen (18), Township Eighty-one (81) North, Range Twenty-one (21), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.

 

FARM PROGRAM INFORMATION:

Cropland:  55.93 Acres (Est)

Corn Base:  33.9 acres      PLC Yield:  126 bu.

Bean Base:  3.3 acres        PLC Yield:  43 bu.

 

This property currently has 18.40 acres of CRP bid in at $202.68/acre or $3,729/year until 2023.

 

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

 

PROPERTY TAXES:  $1,856/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, # 4 & # 5 will be offered as individual tracts and will not be combined. Tract # 1 will be sold as 37 acres m/l, Tract # 2 will be sold as 80 acres m/l, Tract # 3 will be sold as 100 acres m/l, Tract # 4 will be sold as 40 acres m/l and Tract # 5 will be sold as 60 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 November 1, 2024, subject to the current cash rent lease and current tenant’s rights for the 2024 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 November 1, 2024. 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 cannot 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:  Laura Murphy

 

SELLERS:  Long Family Farms, LLC

 

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.


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