Grundy County, IA
117.00 Acres M/L

Highway 14
Parkersburg, IA 50665
Listing #13676


Property Info

Description

117 Acres M/L in Grundy County to be sold at auction on October 5th, 2016. This property consists of 117 acres m/l, of which there are 116.02 taxable acres and 120.82 cropland acres. Of this 120.82 acres, there are 2.81 acres in the SE portion of the property that is in grass and not farmed at this time. This property has an average CSR2 of 86.4, CSR1 OF 80.3, with the county average CSR2 being 87.2.

Legal Description

The Northwest Quarter (NW1/4) of Section Eight (8), Township Eighty-nine (89) North, Range Sixteen (18), West of the 5th P.M., Grundy County, Iowa, Except Parcel 416-A. Please refer to abstract for exact legal description.

Details

Cropland: 120.82
Corn: 85.47 Base Acres with a PLC Yield of 179 bushels
Bean: 28.50 Base Acres with a PLC Yield of 51 bushels

This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time. This property is presently enrolled in ARC-County.

Directions

From Parkersburg, Iowa, go south on State Highway #14 3 miles or from Stout, Iowa, go west on County Blacktop D-17 to State Highway #14.  Property is located on the east side of State HIghway #14 and north of County D-17.  Please follow auction signs.

  • Sign On Property: Yes
  • School District: Aplington - Parkersburg
  • General Area: Parkersburg
  • Net Taxes: $2,924.00
  • Auction Date: Oct 5, 2016
  • CSR: 80
  • CSR2: 86.00
  • Possession: 11-15-2016
  • Terms: Conventional, Cash

Additional Info

FARM LEASE:  The subject farm is currently cash rented with the sellers retaining 100% of the cash rent for 2016.  Lease for 2017 will be terminated prior to the auction.


Auction Details

GRUNDY COUNTY LAND AUCTION

117 ACRES M/L

WEDNESDAY, OCTOBER 5, 2016

10:00 AM

FOX RIDGE GOLF COURSE

355 COUNTRY LANE

DIKE, IOWA

SALE METHOD:  This property will be sold as one tract of 117 acres M/L.

IMPROVEMENTS: None

TAXES:  $2924/year or $25.21/taxable acre.

MINERALS:  All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

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.

POSSESSION: Possession will be granted at closing, on or about November 15, 2016, subject to the current cash rent lease and current tenant’s rights for the 2016 crop year.

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 November 15, 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.

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.

 


Video

Click the “play” button below to watch an aerial drone video of this property.


Photos

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