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113th Ave., Des Moines, IA

SOLD
AUCTION 04/19/2013 10:00 am

Description

300 Acres m/l to be sold at auction April 19th 10 am at the Country Side Golf Course offered in two tracts. This is the perfect opportunity for a hunter or investor to own a large farm minutes from Des Moines and Norwalk that provides both return on investment and recreational fun! Tract 1 and Tract 2 will be sold separately and combined. Tract 1 offers 102 acres m/l of highly tillable land. 100% income producing. Currently, tract one has 86.7 acres m/l cash rented carrying a weighted average CSR of 66.6. There is also two CRP contracts, one contains 9 acres paying $172 per acre and expires in 2019. The second contract contains 6.5 acres paying 129.01 per acre expiring 9/30/2013. Tract 2 offers 198 acres m/l of combination, tillable and timber loaded with deer and turkey and a primitive hunting cabin for a weekend getaway. 174 acres of timber, 24 acres tillable carrying a weighted average CSR of 77.5 with 17.5 acres cash rented for 2013. Tract 2 also offers two CRP contracts, 3.61 acres paying $324.54 per acre expiring 2026, and 2.9 acres m/l paying $163.40 per acre expiring in September of 2013. To complete the property, there is also a small stocked pond.
Listing #: 11026
Address: 113th Ave.
City, State, Zip: Des Moines, IA
Acres m/l: 300.00
County: Warren

Attachments

Details

Sign on Property: Yes
Net Taxes: 5722.00
CSR: 68
Terms: Conventional, Cash
Possession: Closing
Zoning: Ag
Legal Description: Exact legal to be taken from Abstract.
Farm Details: Tract 1: 102.2 m/l acres with an CSR of 66.6. Base Acres - To be determined. 2 CRP Contracts: 9 acres $172/acre expires 2019 and 6.5 acres $129/acre expires 2013.

Tract 2: 198 m/l acres with 30.8 cropland. CSR of 77.5. Base Acres - To be determined. 2 CRP Contracts: 3.61 acres $324.54/acre expires 2026 and 2.9 acres $163.40/acre expires 2013.

Combined Tracts: 300 m/l acres with 133 acres of cropland. CSR 68.

Corn: 84.2 Base Acres with a Yield of 105

Bean: 21.7 Base Acres with a Yield of 29.

*If tracts are sold together; all 4 CRP contracts will be included.
Directions: From the Hwy 5/Hwy 69 junction, take Hwy 69 south to Carpenter St. Take Carpenter St west 2 miles to 113th Ave. Travel north on 113th one mile. The property lies on the east side of 113th.

Auction Details

Warren County Auction
Friday April 19th, at 10:00 AM  Central

 

McClain Farm
300 Acres M/L

Country Side Golf Cource
Norwalk, Iowa

 

Earnest Payment:  A 10% 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 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. Sale is not contingent upon buyer financing.

Closing & Possession:  Closing and possession will occur on or about May 5, 2013. The balance of the purchase price will be payable at closing in cash or guaranteed check.

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.

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 this auction sales transaction.

 

Agent

Daran Becker
Office Phone: 515-961-0247
Cell Phone: 515-979-3498
daran@peoplescompany.com