WORTH COUNTY: 120 ACRES M/L
WEDNESDAY, AUGUST 4th, 2021, at 2:00 PM
GRAFTON COMMUNITY CENTER
202 6th AVE
DESCRIPTION: 120 acres m/l to be offered at auction on Wednesday, August 4th, 2021, at 2:00 P.M. This property consists of 120 acres m/l, of which there are 112.56 taxable acres m/l and 111.46 cropland acres m/l. This tract has an average CSR2 of 82.7, with the Worth County average CSR2 being 76.5.
DIRECTIONS: From Grafton, Iowa, go south on County Highway S-62 to 380th Street, then go east on 380th Street 1 mile. This property is located in the southeast corner of the intersection of 380th Street and Yarrow Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (120 Acres M/L) West One-Half of the Northwest Quarter (W1/2 NW1/4); West One-Half of the East One-Half of the Northwest Quarter (W1/2 E1/2 NW1/4) of the Section Thirteen (13), Township Ninety-eight (98) North, Range Nineteen (19), West of the 5th P.M., Worth County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Corn Base: 111.46 acres PLC Yield: 170 bu.
Bean Base: NA
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, with that lease being terminated prior to the auction for 2022. Seller to retain 100% of the cash rent or crop income for the 2021 crop year.
LISTING #21115 TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 120 acres m/l.
TAXES: $3,490/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 September 15, 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 15, 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: Gerald Stambaugh
SELLERS: Joel Macken, Randy & Karen Frisch, Larry Frisch, Macken Family Trust-Carol Macken, & Doug Murphy
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.