Franklin County, IA
240.00 Acres M/L

623 40th Street |
Alden, IA 50006 |
Listing #13702

Info
Photos
Video
Attachments

Property Info

Description

240 acres m/l to be sold in two tracts at auction on Tuesday, November 15th, at 10:00 A.M. This property consists of 240 acres m/l, of which there are 233.58 taxable acres and 228.27 cropland acres. This property has an average CSR2 of 85, with the county average CSR2 being 80.7.

Legal Description

The Northwest Quarter (NW1/4); North One-Half of the Southwest Quarter (N1/2 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.

Details

Cropland: 228.27 acres
Corn: 175.7 base acres with a PLC Yield of 40 bushel
Bean: 52.57 base acres with a PLC Yield of 41 bushel

FSA will determine the base splits if the parcels are sold to different individuals.

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.

Directions

From Alden, Iowa, go north on S-25 to the Hardin-Franklin County line or Hardin Road, then turn left on S-25 and go to County Blacktop S-13, then turn left on S-13 and go west ½ mile. Farm is located on the south side of S-13. From Popejoy, Iowa, go east on S-13 to Finch Avenue, then south on Finch ½ mile. Property is located on the south side of County Blacktop S-13. Please watch for auction signs.

Sign On Property: Yes
School District: Iowa Falls - Alden Community
General Area: Alden
Net Taxes: $7,092.00
Auction Date: Nov 15, 2016
CSR2: 85.00
Possession: 1/10/2017
Terms: Conventional, Cash

Improvements

Dwelling is an older 1 story home which is being sold “AS IS.” Three steel grain storage bins, one of which is a dryer bin. Balance of the older buildings are also being sold “As Is”.

Additional Info

FARM LEASE: The subject property is rented for the 2016 crop year, with Sellers retaining 100% of the 2016 cash rent. The farm lease for 2017 has been terminated.

Auction Details

FRANKLIN COUNTY LAND AUCTION
240 ACRES M/L
OFFERED IN TWO TRACTS
TUESDAY, NOVEMBER 15, 2016
10:00 AM
ELLSWORTH COMMUNITY COLLEGE EQUINE CENTER
SOUTH OAK
IOWA FALLS, IOWA

SALE METHOD: This property will be sold as two tracts of 122 acres m/l and 118 acres m/l each. Tract #1 will be the approximately the west 120 acres plus the building site or 122 acres m/l. Tract #2 will be the east 120 acres less the 2 acres of the building site included in Tract #1 or 118 acres m/l. Winning bidder will get the choice of either Tract #1 or Tract #2 or they can elect to take both tracts for the winning bid based on a per acre basis.

TAXES: $7092/year or $30.36/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 January 10, 2017, 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 January 10, 2017. 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.

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 bids will be on a per acre basis. 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 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.