We are Pleased to Present for Sale

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We ar e Plea se d to Pr ese nt f or Sa le Hall Farm 1 2 0 Ac r e s m / l C l a y t o n C o u n t y , I ow a OWNER:

James A. and Michael S. Hall

LOCATION:

From Elkport: 1 mile south on Highway X3C (Colesburg Road) and ½ mile southwest on Iowa Avenue.

ADDRESS:

34631 Iowa Avenue, Garnavillo, IA

LEGAL DESCRIPTION:

Lot 1 in the Frl. NE ¼ NW ¼, Lot 4 in the Frl. NW ¼ NE ¼, Lot 3 in the SW ¼ NW ¼, Lot 3 in the SE ¼ NW ¼, Lot 1 in the NW ¼ SW ¼, All in Section 2, Township 91 North, Range 4 West of the 5th P.M., Clayton County, Iowa. Lot 1 NE ¼ SE ¼ of Section 3, Township 91 North, Range 4 West of the 5th P.M., Clayton County, Iowa. Lot 1 of Lot 104 in the SE ¼ SW ¼ of Section 35, Township 92 North, Range 4 West of the 5th P.M., Clayton County, Iowa. Lot 4 of the SW ¼ NE ¼, and Lot 5 of the NW ¼ NE ¼ of Section 2, Township 91 North, Range 4 West of the 5th P.M., Clayton County, Iowa.

PRICE & TERMS:

$480,000 - $4,000 per acre $594,000 - $4,950 per acre – 10% upon acceptance of offer and balance in cash at closing.

POSSESSION:

Negotiable, subject to the 2012 Cash Rent Lease.

TAXES:

2011-2012, payable 2012-2013 – $2,164.00 – net - $18.09 per taxable acre. There are 119.65 taxable acres.

FSA INFORMATION:

Farm #4809 Tract #7001 Cropland Corn Base Direct and Counter Cyclical Corn Yield

72.4 Acres (Includes 54.6 acres CRP) 24.8 Acres 120/120 Bushels/Acre

This farm is classified as Highly Erodible Land (HEL). The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

WETLANDS:

This farm contains a certified wetland or farmed wetland area.

AVERAGE CSR:*

ArcView Software indicates a CSR of 80.4 on the cropland acres. ArcView Software indicates a CSR of 63.1 on the cropland and CRP acres. The Clayton County Assessor indicates an average CSR of 44.63 on the entire farm.

CONSERVATION RESERVE PROGRAM (CRP):

There are approximately 54.6 acres enrolled in the Conservation Reserve Program (CRP) in two different contracts as follows: Contract #3856 – There are 38.3 acres enrolled at $286.00 per acre with an annual payment of $10,962. This contract expires September 30, 2022. Contract #3128 –There are 16.3 acres enrolled at $115.35 per acre with an annual payment of $1,880. This contract expires September 30, 2019.

HOUSE:

1 ½ story single family home built around 1900; 1,348 finished square feet. One full bathroom upstairs.

MACHINE SHED:

30' x 20'; built in the 1900’s.

GRAIN BIN:

15' x 27'; steel, built in 1980.

GRAIN BIN:

19' x 21'; steel, built in 1972 with dryer.

CREEK:

There is an attractive creek running through this property.

BROKER’S COMMENTS:

This is a good quality Clayton County farm located in a strong area!

*CSR is an index of soil productivity with a range from 5 to 100, the higher the index, the more productive the soil.

Plat Map

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

Aerial Map

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

CSR MAP

CSR & CRP MAP

Measured Tillable Acres

Measured Tillable Acres Soil Label 1490 158 323B 485

21.1

Soil Name

Average CSR CSR

Caneek silt loam, channeled, 0 to 2 percent 25 slopes Dorchester silt loam, 0 to 2 percent slopes 85 Terril loam, sandy substratum, 2 to 5 percent 72 slopes Spillville loam, 0 to 2 percent slopes 92

80.4 Corn Yield

Soybean Yield

121 202 184 211

33 55 50 57

Soil Label

Acres 1.34 14.44 2.71 2.57

1490 158 163D2 163E2 163G 183E2 323B 478G 485 499F

73.4

Average CSR

Soil Name

CSR

63.1 Corn Yield

Soybean Yield

Acres

Caneek silt loam, channeled, 0 to 2 percent 25 slopes 121 33 16.38 Dorchester silt loam, 0 to 2 percent slopes 85 202 55 31.97 Fayette silt loam, 9 to 14 percent slopes, 58moderately eroded 165 45 4.80 Fayette silt loam, 14 to 18 percent slopes, 48 moderately eroded 152 41 5.99 Fayette silt loam, 25 to 40 percent slopes 20 114 31 0.17 Dubuque silt loam, 20 to 30 inches to limestone, 5 14 to 18 94percent slopes, 25 moderately2.01 eroded Terril loam, sandy substratum, 2 to 5 percent 72 slopes 184 50 2.80 Rock outcrop-Nordness complex, 25 to 60 5 percent slopes 94 25 0.23 Spillville loam, 0 to 2 percent slopes 92 211 57 7.78 Nordness silt loam, 14 to 25 percent slopes 5 94 25 1.31

CSR: Calculated using ArcView 3.2 software CSR is an index of soil productivity with a range from 5 to 100, the higher the index, the more productive the soil.

Assessor’s Map

WE

ARE PLEASED TO OFF ER THESE SERVICES

A P P R AI S AL S  R EA L E ST AT E S A L ES  F AR M M AN AG EM EN T FOR MORE INFORMATION EMAIL: TROY R. LOUWAGIE AT [email protected] MT. VERNON OFFICE: 102 PALISADES ROAD  MT. VERNON IA  52314  PHONE: 319-895-8858  WWW.HERTZ.AG .

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

PHOTOS

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.