*POSTPONED UNTIL MONDAY!* WRIGHT COUNTY: 84 ACRES M/L
TRACT #1 - $9,100/ACRE
TRACT #2 - $47,500
***POSTPONED TO MONDAY DUE TO ANTICIPATED WEATHER!***
MONDAY, JANUARY 18th, 2021, at 10:00 AM
CATTLEMAN'S AT THE CLUB
1608 3rd ST. NE
*AUCTION LOCATION SUBJECT TO CHANGE DUE TO COVID-19 RESTRICTIONS. PLEASE CHECK OUR WEBSITE REGARDING CHANGES OR CONTACT AGENT. NO REFRESHMENTS WILL BE SERVED UNTIL FURTHER NOTICE. THANK YOU FOR UNDERSTANDING.
*Face masks are required and social distancing should be maintained.
DESCRIPTION: 84 acres m/l to be offered in two individual tracts and as a combination at auction on Friday, January 15, 2021, at 10:00 A.M. Tract #1 consists of 79 acres m/l, of which there are approximately 78 taxable acres m/l and 75.8 cropland acres m/l. Tract #1 has an average CSR2 of 85.6, with the county average CSR2 being 82.2. Tract #2 consists of 5 acres m/l with 4.43 taxable acres m/l. This parcel has a residence and outbuildings.
DIRECTIONS: From Clarion, Iowa, go east on State Highway #3 to County Rock Road Reed Avenue, then go north on Reed Avenue 1/4 mile. Tracts are located on the east side of Reed Avenue. From Belmond, Iowa, go south on State Highway #69 to where it curves to the west towards Clarion, Iowa, and meets State Highway #3, then go west 1 mile to Reed Avenue, then north on Reed Avenue 1/4 mile. Tracts are located on the east side of Reed Avenue. Please follow auction signs.
LEGAL DESCRIPTION: (79 Acres M/L) Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4); North Two (2) Acres of the Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4); North 75’ of the Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4); Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4), Except the North 75’ and Except the North 2 Acres SE1/4 SW1/4, all in Section Thirty-six (36), Township Ninety-two (92) North, Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa, Except Parcel B located in the North One-half of the Southwest Quarter (N1/2 SW1/4). Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 75.8 acres (Est)
Corn Base: 36.3 acres PLC Yield: 148 bu.
Bean Base: 36.3 acres PLC Yield: 38 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,400/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 #1 & TRACT #2-FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated. The tenant for 2020 has already applied fertilizer and anhydrous, which the buyer will reimburse the tenant for at closing. Call auctioneer for details.
LEGAL DESCRIPTION: (5 Acres M/L) Parcel “B” located in the North One-Half of the Southwest Quarter (N1/2 SW1/4) of Section Thirty-six (36), Township Ninety-two (92) North, Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION: None
PROPERTY TAXES: $750/year. (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property consists of a two-story home with an asphalt roof and metal siding. The home has a partial basement with electric baseboard heaters and window A/C. This home has 3 bedrooms, a full bath and approximately 1436 Sq. Ft. of living space. The home also has a detached double and single garage. This home is being sold “As Is”. Buyer is responsible for bringing the septic system up to state and county code at the buyer’s expense. LP tanks are part of the sale.
Other Improvements include a pole machine shed, barn, 7,000 bushel grain storage bin, and other miscellaneous buildings. All are being sold “As Is.”
LISTING #20117 TERMS AND CONDITIONS
SALE METHOD: Tract #1 and Tract #2 will be offered as individual tracts, with Tract #3 being offered as a combination of Tract #1 & Tract #2. Tract #1 will be sold as 79 acres m/l, Tract #2 will be sold as 5 acres m/l, and Tract #3 will be sold as 84 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 24, 2021, subject to the current cash rent lease and current tenant’s rights for the 2020 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 24, 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.
ATTORNEY: Stacey Harding
SELLERS: Deb & Roger Schaeffer, Don & Lori Wason, and Betty & Frank Haker
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.