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WRIGHT COUNTY: 154 ACRES M/L



SALE PENDING


LISTING AGENTS:

Kellen Suntken (515-571-8565)

LISTING #23115









DESCRIPTION: 154 acres m/l of Wright County land is offered for sale. Tract #1 consists of 96 acres m/l, of which there are 94 taxable acres m/l and 93.22 cropland acres m/l. Tract #2 consists of 58 acres m/l, of which there are 58 taxable acres m/l and 55 cropland acres m/l. Tract #1 has an average CSR2 of 60.4 and Tract #2 has an average CSR2 of 65.4. The Wright County average CSR2 is 82.2.

TRACTS #1 & #2

DIRECTIONS: From Dows, Iowa, go north on Wright Avenue approximately 2 miles then go west on 250th Street for 1 mile to Youngblood Avenue. Tracts #1 & #2 are located in the northwest corner of the intersection of Youngblood Avenue and 250th Street. Please watch for real estate signs.

TRACTS #1 & #2

LEGAL DESCRIPTION: (154 Acres M/L) Southeast Quarter (SE1/4), Except Parcels D and E and the Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4), Except Parcels B and C, all in Section Fourteen (14), Township Ninety-one (91) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa. Please refer to abstract or survey for exact legal description.

TRACT #1 - 96 ACRES M/L

PRICE: $7,000/acre

(LEGAL DESCRIPTION: (96 Acres M/L) The row crop acres on the east side of the legal description above. Exact legal description will be determined by survey if purchased by separate buyers. See map for details.

FARM PROGRAM INFORMATION:

Cropland: 93.22 acres (Est)

Corn Base: 30 acres (Est) PLC Yield: 137 bu.

Bean Base: 30 acres (Est) PLC Yield: 38 bu.

Oats Base: .14 acres (Est) PLC Yield: 38 bu.

The northeast 6.33 acres m/l of this farm is classified as HEL, with the remaining acres m/l as NHEL. No Wetlands Determination is complete at this time.

PROPERTY TAXES: $1,984/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-FARM LEASE: Both tracts are leased for the 2023 crop year. The sellers are to retain 100% of the cash rent or crop income for 2023. The lease for 2024 has been terminated.

TRACT #2 - 58 ACRES M/L

PRICE: $3,000/acre

LEGAL DESCRIPTION:(58 Acres M/L) The pasture ground on the west side of the legal description above. See map for details.

FARM PROGRAM INFORMATION:

Cropland: 55 acres (Est)

Corn Base: 18 acres (Est) PLC Yield: 137 bu.

Bean Base: 18 acres (Est) PLC Yield: 38 bu.

Oats Base: .1 acres (Est) PLC Yield: 38 bu.

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

PROPERTY TAXES: $1,105/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 will be offered as individual tracts. Tract #1 will be sold as 96 acres m/l and Tract #2 will be sold as 58 acres m/l. Total sales price and acres will be determined by a survey if sold to separate buyers.

MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT: A 10% earnest money payment is required with all offers. 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, which will occur 30 days after acceptance of an offer by all parties.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Seller to pay all escrow closing costs.

CLOSING: Closing will occur on whatever date is negotiated by buyer and seller. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.

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.

Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.

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