WRIGHT COUNTY: 207 ACRES M/L
TRACT #1 $13,000/ACRE
TRACT #2 $11,100/ACRE
FRIDAY, NOVEMBER 4, 2022, at 10:00 AM
DOWS COMMUNITY CENTER
119 E ELLSWORTH ST
DOWS, IOWA
LISTING AGENTS:
Kellen Suntken (515-571-8565)
LISTING #22131
DESCRIPTION: 207 acres m/l to be offered in two individual tracts at auction on Friday, November 4th, 2022, at 10:00 A.M. Tract #1 consists of 131 acres m/l, of which there are 128.34 taxable acres m/l and 128.6 cropland acres m/l. Tract #2 consists of 76 acres m/l, of which there are 75 taxable acres m/l and 75.97 cropland acres m/l. Tract #1 has an average CSR2 of 84.8, and Tract #2 has an average CSR2 of 75.5, with the county average CSR2 being 78.6.
DIRECTIONS: Tract #1-Go north from Rowan 1 mile on Victor Ave then head west for 1 more mile on 200th Street. The farm is located on the south side of the road. Tract #2-From Rowan, head west on Highway 3 for approximately 1.5 miles to Thompson Avenue, then head north on Thompson Avenue for approximately 1/4 mile. The farm is located on the east side of the road. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (131 Acres M/L) West One-Half of the Northwest Quarter (W1/2 NW1/4); Parcel B in the East One-Half of the Northwest Quarter (E1/2 NW1/4); Abandoned RR in the NW1/4, Except the Part in Parcel C; That part of the East One-Half of the Northwest Quarter (E1/2 NW1/4) and the Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4) lying west of RR and RR adjacent, Except that part of Parcel C, all in Section Twenty-eight (28), Township Ninety-two (92) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 128.6 acres
Corn Base: 65.79 acres PLC Yield: 166 bu.
Bean Base: 61.26 acres PLC Yield: 49 bu.
This farm is classified as Non-Highly Erodible Land, and there are no CRP contracts. A Wetlands determination has not been completed on the farm.
TRACT # 1 & #2 FARM LEASE: The seller is to retain all of the cash rent from the 2022 crop year. The lease has been terminated for the 2023 crop year.
TRACT #1 & #2 IMPROVEMENTS: These properties are unimproved except for field drainage tile and perimeter fence.
TRACT #2
LEGAL DESCRIPTION: (76 Acres M/L) North One-Half of the Southeast Quarter (N1/2 SE1/4), Except the 4A M/L building site, all in Section Twenty-Nine (29), Township Ninety-two (92) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 75.97 acres
Corn Base: 38.88 acres PLC Yield: 166 bu.
Bean Base: 36.21 acres PLC Yield: 49 bu.
This farm is classified as Non-Highly Erodible Land, and there are no CRP contracts. A Wetlands determination has not been completed on this farm.
TERMS AND CONDITIONS
SALE METHOD: Tracts #1 & #2 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 131 acres m/l and Tract #2 will be sold as 76 acres m/l.
Property taxes will be prorated to date of closing.
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 December 13, 2022, 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 December 13, 2022. 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: Gary Berkland
SELLERS: Jean A. Burt Revocable 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 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.
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.