POLK COUNTY: 75 ACRES M/L
WEDNESDAY, JUNE 23rd, 2021, at 10:00 AM
315 2nd ST. NW
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Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 75 acres m/l to be offered at auction on Wednesday, June 23rd, 2021, at 10:00 A.M. This property consists of 75 acres m/l, of which there are approximately 74.17 taxable acres and 71.31 cropland acres m/l. This tract has an average CSR2 of 62, with the Polk County average CSR2 being 63.9.
DIRECTIONS: From Bondurant, Iowa, go northeast on State Highway #65 & #330 to County Blacktop S-27 or NE 112th Street, then south 1/4 mile. The subject property is located in the SE corner of the intersection of NE 110th Avenue and County Blacktop S-27. Please watch for real estate signs.
LEGAL DESCRIPTION: (75 Acres M/L) North One Half of the Northwest Quarter (N1/2 NW1/4), Except Road Easement described as East 10’ of the West 60’ of the South 1289.63’ of the North 1322.63’ and Except commencing at the NW corner of said Section 12, thence East 60’, South 33’ to the Point of Beginning, thence East 304.5’ Southwesterly 774.8’, North 702.9’ to the Point of Beginning, all in Section Twelve (12), Township Eighty (80) North, Range Twenty-two (22), West of the 5th P.M., Polk County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 71.31 acres
Corn Base: 41.5 acres PLC Yield: 112 bu.
Bean Base: 29.8 acres PLC Yield: 35 bu.
This farm is classified as Non-Highly Erodible Land. There are Wetlands or Farmed Wetlands on the property.
FARM LEASE: The subject property is presently rented for the 2021 crop year The sellers will retain 100% of the cash rent or crop income from this farm for 2021. The lease for 2022 has been terminated.
LISTING #21112 TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 75 acres m/l.
TAXES: $1,874/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements on this farm 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 September 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 September 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: Brad Skinner
SELLERS: Albert & Vera Clement Charitable 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 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.