land auction - Peoples Company
Franklin County
LAND AUCTION 240 ACRES offered in two tracts
M/L
Wednesday, June 15, 2016
10:00 aM
Ellsworth CollEgE EquinE CEntEr south oak strEEt, iowa Falls, ia
LISTING #13586
Jeffrey T. ObrechT
C: 515-689-1648 O: 641-648-5065 [email protected] iowa falls, iowa
www.PeoplesCompany.com
855.800.LAND
TRACT #1
DESCRIPTION: This property consists of 160 acres m/l, of which there are 152.19 taxable acres and 119.3 cropland acres. In addition to the tillable land, there are approximately 28.7 acres of good open pasture. This property has an average CSR2 of 73.3, with the county average CSR2 being 80.7. DIRECTIONS: From Alden, go north on County Blacktop S-25 to the Hardin-Franklin county line, then west ½ mile on S-25, then north ½ mile on S-25. Property is located on the west side of County Blacktop S-25. Please watch for signs. LEGAL DESCRIPTION: The Northeast Quarter (NE1/4) of Section Thirty-six (36), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 119.3 acres Corn Base: 88.24 acres PLC Yield: 157 Bean Base: 29.76 acres PLC Yield: 52 This farm is classified as NHEL, with the Wetlands Determination not complete.
TRACTS #1 & #2
FARM LEASE: The subject farms are currently rented for 2016. Tract #1 is rented for 2016 at the rate of $222.61/acre based upon 152.5 acres or $33950/ annually with the first half being retained by the seller with the balance ($16725) due on November 1, 2016, to be paid to buyer. Tract #2 is rented for 2016 at the rate of $222.61/acre based upon 77.5 acres or $17750 with the first half being retained by the owner, with balance ($8875) due November 1, 2016, to be paid to buyer. These leases will be terminated for 2017 prior to closing.
TRACT #2
DESCRIPTION: This property consists of 80 acres m/l, of which there are 79 taxable acres and 77.49 cropland acres. The balance of the property is in roads and a waterway. This property has an average CSR2 of 78.2, with the county average CSR2 being 80.7. DIRECTIONS: From Alden, go north on County Blacktop S-25 to the Hardin-Franklin county line, then west ½ mile on S-25, then north ½ mile on S-25 to Oakland Drive, then ½ mile west on Oakland Drive, then north ¼ miles then west ½ mile on Oakland Drive to Finch Avenue, a county level C maintenance road, then north ¼ mile. Property is located on the east side of Finch Avenue. Please watch for signs. LEGAL DESCRIPTION: The South One-Half of the Southwest Quarter (S1/2 SW1/4) of Section Twenty-five (25), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 78.94 acres Corn Base: 57.28 acres PLC Yield: 157 Bean Base: 19.32 acres PLC Yield: 52 This farm is classified as NHEL, with the Wetlands Determination not complete. Tract #2 contains 1.45 acres of CRP paying $368.97/acre until 2025.
For more information please visit our website and look up listing #13586. www.PeoplesCompany.com
TRACT 1 TOTAL SOILS MAP 160A M\L ~ CSR2: 73.3
LISTING #13586
TRACT 2 TOTAL SOILS MAP 80A M\L ~ CSR2: 78.2
TERMS AND CONDITIONS
SALE METHOD: This property will be sold as two tracts and will not be combined. Tract #1 will be sold as 160 acres m/l, and Tract 2 will be sold as 80 acres m/l. IMPROVEMENTS: None TAXES: TRACT #1: $3494/yr or $22.95/taxable acre TRACT #2: $1870/yr or $23.67/taxable acre *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. POSSESSION: Possession will be granted at closing, on or about September 1, 2016, subject to the current cash rent leases. 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 AND 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 September 1, 2016. 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: Matthew Berry SELLERS: Baago Revocable Trust ONLINE BIDDING: Online bidding will be available through Peoples Company. Contact Peoples Company for details and requirements. 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.
Jeffrey T. ObrechT
C: 515-689-1648 O: 641-648-5065 [email protected] iowa falls, iowa
Franklin County
LAND AUCTION
240 ACRESM/L offered in two tracts
PeoPles ComPany Jeffrey T. obreChT
Wednesday June 15, 2016
615 Washington Ave. Iowa Falls, Iowa 50126
10:00 aM Ellsworth CollEgE EquinE CEntEr south oak strEEt, iowa Falls, ia For more information please visit our website and look up listing #13586. www.PeoplesCompany.com
ONLINE BIDDING & MOBILE BIDDING APP Not able to make it to one of our live auctions, but still want to bid from your computer or smartphone? No problem! Just use our mobile bidding app powered by BidWrangler! You can access the app online, but it works even better when you download it to your phone.
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.
www.PeoplesCompany.com
855.800.LAND
LAND AUCTION 240 ACRES offered in two tracts
M/L
Wednesday, June 15, 2016
10:00 aM
Ellsworth CollEgE EquinE CEntEr south oak strEEt, iowa Falls, ia
LISTING #13586
Jeffrey T. ObrechT
C: 515-689-1648 O: 641-648-5065 [email protected] iowa falls, iowa
www.PeoplesCompany.com
855.800.LAND
TRACT #1
DESCRIPTION: This property consists of 160 acres m/l, of which there are 152.19 taxable acres and 119.3 cropland acres. In addition to the tillable land, there are approximately 28.7 acres of good open pasture. This property has an average CSR2 of 73.3, with the county average CSR2 being 80.7. DIRECTIONS: From Alden, go north on County Blacktop S-25 to the Hardin-Franklin county line, then west ½ mile on S-25, then north ½ mile on S-25. Property is located on the west side of County Blacktop S-25. Please watch for signs. LEGAL DESCRIPTION: The Northeast Quarter (NE1/4) of Section Thirty-six (36), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 119.3 acres Corn Base: 88.24 acres PLC Yield: 157 Bean Base: 29.76 acres PLC Yield: 52 This farm is classified as NHEL, with the Wetlands Determination not complete.
TRACTS #1 & #2
FARM LEASE: The subject farms are currently rented for 2016. Tract #1 is rented for 2016 at the rate of $222.61/acre based upon 152.5 acres or $33950/ annually with the first half being retained by the seller with the balance ($16725) due on November 1, 2016, to be paid to buyer. Tract #2 is rented for 2016 at the rate of $222.61/acre based upon 77.5 acres or $17750 with the first half being retained by the owner, with balance ($8875) due November 1, 2016, to be paid to buyer. These leases will be terminated for 2017 prior to closing.
TRACT #2
DESCRIPTION: This property consists of 80 acres m/l, of which there are 79 taxable acres and 77.49 cropland acres. The balance of the property is in roads and a waterway. This property has an average CSR2 of 78.2, with the county average CSR2 being 80.7. DIRECTIONS: From Alden, go north on County Blacktop S-25 to the Hardin-Franklin county line, then west ½ mile on S-25, then north ½ mile on S-25 to Oakland Drive, then ½ mile west on Oakland Drive, then north ¼ miles then west ½ mile on Oakland Drive to Finch Avenue, a county level C maintenance road, then north ¼ mile. Property is located on the east side of Finch Avenue. Please watch for signs. LEGAL DESCRIPTION: The South One-Half of the Southwest Quarter (S1/2 SW1/4) of Section Twenty-five (25), Township Ninety (90) North, Range Twenty-two (22), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 78.94 acres Corn Base: 57.28 acres PLC Yield: 157 Bean Base: 19.32 acres PLC Yield: 52 This farm is classified as NHEL, with the Wetlands Determination not complete. Tract #2 contains 1.45 acres of CRP paying $368.97/acre until 2025.
For more information please visit our website and look up listing #13586. www.PeoplesCompany.com
TRACT 1 TOTAL SOILS MAP 160A M\L ~ CSR2: 73.3
LISTING #13586
TRACT 2 TOTAL SOILS MAP 80A M\L ~ CSR2: 78.2
TERMS AND CONDITIONS
SALE METHOD: This property will be sold as two tracts and will not be combined. Tract #1 will be sold as 160 acres m/l, and Tract 2 will be sold as 80 acres m/l. IMPROVEMENTS: None TAXES: TRACT #1: $3494/yr or $22.95/taxable acre TRACT #2: $1870/yr or $23.67/taxable acre *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. POSSESSION: Possession will be granted at closing, on or about September 1, 2016, subject to the current cash rent leases. 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 AND 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 September 1, 2016. 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: Matthew Berry SELLERS: Baago Revocable Trust ONLINE BIDDING: Online bidding will be available through Peoples Company. Contact Peoples Company for details and requirements. 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.
Jeffrey T. ObrechT
C: 515-689-1648 O: 641-648-5065 [email protected] iowa falls, iowa
Franklin County
LAND AUCTION
240 ACRESM/L offered in two tracts
PeoPles ComPany Jeffrey T. obreChT
Wednesday June 15, 2016
615 Washington Ave. Iowa Falls, Iowa 50126
10:00 aM Ellsworth CollEgE EquinE CEntEr south oak strEEt, iowa Falls, ia For more information please visit our website and look up listing #13586. www.PeoplesCompany.com
ONLINE BIDDING & MOBILE BIDDING APP Not able to make it to one of our live auctions, but still want to bid from your computer or smartphone? No problem! Just use our mobile bidding app powered by BidWrangler! You can access the app online, but it works even better when you download it to your phone.
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.
www.PeoplesCompany.com
855.800.LAND
