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WRIGHT COUNTY: 122 ACRES M/L



TRACT #1: $6,100/ACRE

TRACT #2: $6,000/ACRE

TRACT #3: $3,800/ACRE


FRIDAY, DECEMBER 20, 2022 at 10:00 AM

CATTLEMAN'S AT THE CLUB

1608 3RD STREET NE

BELMOND, IOWA

LISTING AGENTS:

LISTING #22144












DESCRIPTION: 122 acres m/l to be offered in three individual tracts at auction on Tuesday, December 20th, 2022, at 10:00 A.M. Tract #1 consists of 28 acres m/l, of which there are 26.74 taxable acres m/l and 26.09 cropland acres m/l. Tract #2 consists of 56 acres m/l, of which there are an estimated 55.5 taxable acres m/l and 55.75 cropland acres m/l. Tract #3 consists of 38 acres m/l of which there are 35.95 taxable acres m/l and 28.84 cropland acres. Tract #1 has an average CSR2 of 54.3, Tract #2 has an average CSR2 of 54.6, and Tract #3 has an average CSR2 of 47.6, with the county average CSR2 being 78.6.

DIRECTIONS: From Belmond, Iowa, go south on State Highway #69 1/2 mile to the intersection of 150th Street and Highway #69. Tract #3 is located on the east side of Highway #69. Tract #1 is located 1/4 mile west of Highway #69 on the south side of 150th Street. To get to Tract #2, continue south on Highway #69 for 1 mile to 160th Street then go west for approximately 1/2 mile. Tract #2 is located on the north side of the 160th Street. Please watch for real estate signs.

TRACT #1

LEGAL DESCRIPTION: (28 Acres M/L) All of the North Half of the South Half of the Northeast Quarter (N1/2 S1/2 NE1/4) east of the Railroad, Except the East 350’, all in Section Thirty-six (36) Township Ninety-three (93) North, Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa. Please see abstract for the exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 26.09 acres (Est)

Corn Base: 18.42 acres PLC Yield: 122 bu.

Bean Base: 7.53 acres PLC Yield: 32 bu.

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

PROPERTY TAXES: $1,082/year (Est). 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-FARM LEASE: Sellers are to retain 100% of the 2022 cash rent or crop income due for 2022. The lease for 2023 has been terminated on all tracts.

TRACT #2

LEGAL DESCRIPTION: (56 Acres M/L) Beginning at the intersection of 160th Street and the Railroad Right of Way, then Northeasterly 1730’ along the Railroad Right of Way, then East 2275’ along the north line of the Southwest Quarter of the Southeast Quarter (SW1/4 SE1/4), then South 715’ to the north line of the South Half of the North Half of the Southeast Quarter (S1/2 N1/2 SE1/4), then West 2175’, then South 800’ to the south line of the Southeast Quarter of the Southwest Quarter (SE1/4 SW1/4), then West 1000’ to the point of beginning, all in Section Thirty-six (36), Township Ninety-three (93) North, Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa. Please see abstract for the exact legal description.

Please note: Total acres are to be determined by a survey. The sale price will be adjusted accordingly.

FARM PROGRAM INFORMATION:

Cropland: 55.75 acres (Est)

Corn Base: 44.57 acres PLC Yield: 137 bu.

Bean Base: 3.71 acres PLC Yield: 36 bu.

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

PROPERTY TAXES: $2,480/year (Est). 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: (38 Acres M/L) South Half of the Southwest Quarter of the Northwest Quarter (S1/2 SW1/4 NW1/4) and Parcel D in the North Half of the Southwest Quarter of the Northwest Quarter (N1/2 SW1/4 NW1/4), all in Section Thirty-one (31) North, Township Ninety-three (93), Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa. Please see abstract for the exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 28.84 acres (Est)

Corn Base: 19.63 acres PLC Yield: 117 bu.

Bean Base: 6.63 acres PLC Yield: 37 bu.

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

PROPERTY TAXES: $652/year (Est). 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 28 acres m/l, Tract #2 will be sold as 56 acres m/l, and Tract #3 will be sold as 38 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 February 10, 2023, 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 February 10, 2023. 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: Eric Simonson

SELLERS: Doris Been Estate


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 to 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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