293 ACRES M/L
LISTING #12840
HARDIN COUNTY, IOWA
293 Acres M/L Wednesday, October 21, 2015 10:00 AM Ellsworth College Equine Center South Oak St. Iowa Falls, Iowa DESCRIPTION: 293 acres M/L to be sold in two individual tracts at auction on Wednesday, October 21st, at 10:00AM.
TRACT #1
Tract #1-This property consists of 80 acres, of which there are 76.65 taxable acres and 76.13 cropland acres. This property has an average CSR2 of 85.5, with the county average CSR1 being 75.9. Tract #2-This property consists of 213 acres, of which there are 212.18 taxable acres and 123.95 cropland acres. The balance of the property is in timber and roads. This property has an average CSR2 of 60.6, with the county average CSR1 being 75.9. DIRECTIONS: Tract #1-From Owasa, go 4 miles east on County Blacktop D-35 to Q Avenue. Property is located in the NE corner of Q Avenue and D-35. Please watch for signs. Tract #2-From Owasa, go 4 miles east on County Blacktop D-35 to Q Avenue then north on Q Avenue to 170th Street, then east on 170th Street 1 mile. The subject property is located on the north side of 170th Street. Please watch for signs. LEGAL DESCRIPTION: Tract #1-The West One-Half of the Northeast Quarter (W1/2 NE1/4) all in Section Fifteen (15), Township Eighty-eight (88) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description. Tract #2-The S1/2 SW1/4 SW1/4: E1/2 SW1/4 South of River and Except Cemetery, all in Section Two (2); S1/2 NE1/4 SE1/4 SE1/4 South of River; SE1/4 SE1/4 SE1/4 all in Section Three (3); SW1/4 NE1/4 NE1/4: NW1/4 SE1/4 NE1/4; N1/2 SW1/4 SE1/4 NE1/4;E1/4 NE1/4, all in Section Ten (10); NW1/4 NW1/4; W1/2 NE1/4 NW1/4; W1/2 NW1/4 NW1/4; E1/2 NW1/4 SE1/4 NW1/4, all in Section Eleven (11), Township Eightyeight (88) North, Range Twenty (20) West of the 5th P.M, Hardin County, Iowa. Please refer to abstract for exact legal description.
TRACT #2
TRACT #2
FARM PROGRAM INFORMATION: Tract #1: Cropland: 76.13 acres Corn Base: 72.3 acres with a PLC Yield of 142. Bean Base: 1.0 acres with a PLC Yield of 41. Tract #2: Cropland: 123.95 acres Corn Base: 119.7 acres with a PLC Yield of 142. Bean Base: 1.7 acres with a PLC Yield of 41. This farm has 1.9 acres in CRP that is bid in at $264/acre until 2021. Tract #1 is classified as NHEL, with no Wetlands determination complete. Tract # 2 is classified as HEL, with no Wetlands determination complete.
TRACT #1
FARM LEASE: Farms are cash-rented for 2015, with Sellers retaining all of the 2015 rent. Lease has been terminated for 2016. IMPROVEMENTS: Tract #1: None. Tract #2: Older garage-No value SALE METHOD: This property will be offered as two individual tracts and will not be combined. Tract #1 will be sold as 80 acres M/L, and Tract #2 will be sold as 213 acres M/L.
JEFFREY T. OBRECHT C: 515-689-1648 O: 641-648-5065
[email protected] Iowa Falls, IA
TRACT #1 ~ 80A M/L ~ CSR2: 85.5
LISTING #12840 TAXES: Tract #1: $2248/yr or $29.32/taxable acre Tract #2: $3660/yr or $17.25/taxable acre MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer. POSSESSION: Possession will be granted at closing, on or about November 12, 2015, subject to the current cash rent lease. 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 Peoples Company or named attorney’s trust account. CONTRACT & TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Peoples Company 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 November 12, 2015. 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.
TRACT #2 ~ 213A M/L ~ CSR2: 60.6
SELLERS: TRACT #1: Marjory L. Baker Estate TRACT #2 : Bruce Baker, Larry Baker, Mark Baker, Stephen Baker, & Laura Stout. ATTORNEYS: Richard Roller & Mike Holt
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 Auctioneer or Seller. All announcements made day of sale take precedent over previously provided information. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids. Peoples Company 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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