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FARM REAL ESTATE AUCTION Kathryn A. McKay Estate Farm 78 Acres m/l Delaware County, IA Sale held at: O’Sullivan Hall 608 Bernhart Street Masonville, IA 50654 June 23, 2011 – Starting at 10:00 a.m. FARM LOCATION:
From Masonville: 4 miles north on Highway W63.
LEGAL DESCRIPTION:
S ½ SW ¼ of Section 5, Township 89 North, Range 6 West of the 5th P.M., Delaware County, Iowa.
FSA INFORMATION:
Farm #2411 – Tract #3289 Cropland Corn Base Direct and Counter Cyclical Corn Yield Soybean Base Direct and Counter Cyclical Soybean Yield
AVERAGE CSR:*
ArcView Software indicates an average CSR of 73.2 on the cropland acres.
REAL ESTATE TAXES:
2009 – 2010, payable 2010-2011 - $1,676.00 – net - $22.01 per taxable acre. There are 76.16 taxable acres. Real estate taxes will be prorated to closing.
POSSESSION:
At Closing – Subject to the 2011 Cash Rent Lease. Buyer will receive the second half cash rent on October 1, 2011.
DATE OF CLOSING:
July 27, 2011.
METHOD OF SALE:
This property will be offered at public auction as one parcel containing 78 acres. The bids will be dollars per acre and will be multiplied by 78 acres to determine the total sales price.
BUILDINGS:
None.
77.4 Acres 62.3 Acres 121/121 Acres 15.1 Acres 41/41 Acres
*CSR is an index of soil productivity with a range from 5 to 100, the higher the index, the more productive the soil. 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.
TERMS:
High bidder of Real Estate to pay 10% of the purchase price to the Agent’s real estate trust account on June 23, 2011. Buyer will sign a Real Estate Sales Agreement providing for a full cash settlement on or before July 27, 2011. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Final settlement and payment of the balance of the purchase price to be by cashier’s check or wire transfer at closing on July 27, 2011. Seller reserves the right to reject any and all bids.
ANNOUNCEMENTS:
Property information provided herein was obtained from sources deemed reliable, but the Auctioneer makes no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property and its condition, and to rely on their own conclusions. The property is being sold “As Is – Where Is” and the buyers are purchasing subject to any easements or restrictions of record. Any announcements made the auction day by the Auctioneer will take precedence over any previous printed material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. All acreage figures are based on information currently available, but they are not guaranteed.
AGENCY:
Hertz Real Estate Services/Hertz Farm Management, Inc. and their representatives are Agents of the Seller.
SELLERS:
Kathryn A. McKay Estate.
BROKER’S COMMENTS:
This is a high quality Delaware County farm located on a hard surfaced road in a strong area.
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
Plat Map
SUBJECT
Permission for reproduction of map granted by Farm & Home Publishers
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. Measured Tillable Acres Soil Label 175B 391B 399 407B 408B 41B 471 782B 83B
WE
77.4
Average CSR
Soil Name
CSR
55 slopes Dickinson fine sandy loam, 2 to 5 percent 74 Clyde-Floyd complex, 1 to 4 percent slopes Readlyn loam, 1 to 3 percent slopes 91 71 Schley loam, 1 to 4 percent slopes Olin fine sandy loam, 2 to 5 percent slopes 68 Sparta loamy fine sand, 2 to 5 percent slopes 40 Oran loam, 1 to 3 percent slopes 86 Donnan loam, 2 to 6 percent slopes 51 Kenyon loam, 2 to 5 percent slopes 86
73.2 Corn Yield
Soybean Yield
162 188 211 184 180 142 204 157 204
44 51 57 50 49 38 55 42 55
Acres 8.13 36.72 6.92 5.70 6.12 0.32 4.84 3.57 5.13
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: [email protected] OR [email protected] 102 PALISADES ROAD MT. VERNON IA 52314 PHONE: 319-895-8858 WWW.HFMGT.COM 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.
From Masonville: 4 miles north on Highway W63.
LEGAL DESCRIPTION:
S ½ SW ¼ of Section 5, Township 89 North, Range 6 West of the 5th P.M., Delaware County, Iowa.
FSA INFORMATION:
Farm #2411 – Tract #3289 Cropland Corn Base Direct and Counter Cyclical Corn Yield Soybean Base Direct and Counter Cyclical Soybean Yield
AVERAGE CSR:*
ArcView Software indicates an average CSR of 73.2 on the cropland acres.
REAL ESTATE TAXES:
2009 – 2010, payable 2010-2011 - $1,676.00 – net - $22.01 per taxable acre. There are 76.16 taxable acres. Real estate taxes will be prorated to closing.
POSSESSION:
At Closing – Subject to the 2011 Cash Rent Lease. Buyer will receive the second half cash rent on October 1, 2011.
DATE OF CLOSING:
July 27, 2011.
METHOD OF SALE:
This property will be offered at public auction as one parcel containing 78 acres. The bids will be dollars per acre and will be multiplied by 78 acres to determine the total sales price.
BUILDINGS:
None.
77.4 Acres 62.3 Acres 121/121 Acres 15.1 Acres 41/41 Acres
*CSR is an index of soil productivity with a range from 5 to 100, the higher the index, the more productive the soil. 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.
TERMS:
High bidder of Real Estate to pay 10% of the purchase price to the Agent’s real estate trust account on June 23, 2011. Buyer will sign a Real Estate Sales Agreement providing for a full cash settlement on or before July 27, 2011. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Final settlement and payment of the balance of the purchase price to be by cashier’s check or wire transfer at closing on July 27, 2011. Seller reserves the right to reject any and all bids.
ANNOUNCEMENTS:
Property information provided herein was obtained from sources deemed reliable, but the Auctioneer makes no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property and its condition, and to rely on their own conclusions. The property is being sold “As Is – Where Is” and the buyers are purchasing subject to any easements or restrictions of record. Any announcements made the auction day by the Auctioneer will take precedence over any previous printed material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. All acreage figures are based on information currently available, but they are not guaranteed.
AGENCY:
Hertz Real Estate Services/Hertz Farm Management, Inc. and their representatives are Agents of the Seller.
SELLERS:
Kathryn A. McKay Estate.
BROKER’S COMMENTS:
This is a high quality Delaware County farm located on a hard surfaced road in a strong area.
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
Plat Map
SUBJECT
Permission for reproduction of map granted by Farm & Home Publishers
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. Measured Tillable Acres Soil Label 175B 391B 399 407B 408B 41B 471 782B 83B
WE
77.4
Average CSR
Soil Name
CSR
55 slopes Dickinson fine sandy loam, 2 to 5 percent 74 Clyde-Floyd complex, 1 to 4 percent slopes Readlyn loam, 1 to 3 percent slopes 91 71 Schley loam, 1 to 4 percent slopes Olin fine sandy loam, 2 to 5 percent slopes 68 Sparta loamy fine sand, 2 to 5 percent slopes 40 Oran loam, 1 to 3 percent slopes 86 Donnan loam, 2 to 6 percent slopes 51 Kenyon loam, 2 to 5 percent slopes 86
73.2 Corn Yield
Soybean Yield
162 188 211 184 180 142 204 157 204
44 51 57 50 49 38 55 42 55
Acres 8.13 36.72 6.92 5.70 6.12 0.32 4.84 3.57 5.13
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: [email protected] OR [email protected] 102 PALISADES ROAD MT. VERNON IA 52314 PHONE: 319-895-8858 WWW.HFMGT.COM 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.
