Mahaska County, IA
296.00 Acres M/L

2991 205th Street |
Rose Hill, IA 52586 |
Listing #14101

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Property Info

Description

High quality Mahaska County farmland to be sold at public Auction Wednesday, March 21st, 2018 at 10:00 am located in the Rose Hill Community Center. Auction will consist of two outstanding tracts totaling 296 acres m/l. The Farms will be sold using the "choice" method of auction. The successful bidder will have the choice to take one or both tracts. The tracts consist of highly productive soils and outstanding yield potential.

Legal Description

Northwest Quarter (NE/4), Lot One (1) of Northeast Quarter (NE/4) of Northwest Quarter (NW/4), and Lot 4 of the Southeast Quarter (SE/4) of the Northwest One-Half (NW/2), all in Section 29; and the West Half (W/2) of the Northwest Quarter (NW/4) of Section 28, all in the Township 76, Range 14, excluding public records, consisting of approximately 296 acres in Mahaska County, Iowa.

EXACT LEGAL TO BE TAKEN FROM ABSTRACT.

Directions

From Oskaloosa, Iowa head East on IA-92 E/A Ave E. Continue traveling East for approximately 9.2 miles. Turn left/North onto Urbana Ave. Travel North for approximately 2.5 miles. Turn left/West onto 205th St. Travel for approximately 0.5 miles. The property will be on your right or the North side of the road. 2991 205th St, Rose Hill, IA 52586.

Sign On Property: Yes
School District: North Mahaska
General Area: Rose Hill
Net Taxes: $8,374.00
Auction Date: Mar 21, 2018
Possession: At Closing Subject to Tenant Rights
Terms: Cash, Conventional

Covenants

None

Improvements

House and Outbuilding, Tile

Additional Info

Farm is leased for the 2018 crop year. The winning bidder of Tract 1 will receive a credit of $24,440 at closing. The winning bidder of tract 2 will receive a credit of $22,060 at closing.

Auction Details

Mahaska County Land Auction
296 Acres M/L

Wednesday, March 21st, 2018
10:00 A.M.

Location:
Rose Hill Community Center
Rose Hill, IA 52586

Sale Method: Auction method will be sold as choice the successful bidder, will have the choice to take one or both tracts.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.

Closing: Closing will occur on or before May 8, 2018.

Possession: Possession of the farm will be granted at closing, subject to tenant rights.

Farm Lease: The farm is leased for the 2018 season.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction.

Other: 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, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. 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 or Listing Agents will take precedence over all previous marketing 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.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract. Acres of each tract are subject to change based on survey. Seller and its representatives reserve the right to change the acre figures during the marketing period any time prior to the auction. All of the Farm Program Information is subject to change. Base acres are estimated and will be recalculated with FSA office after change of ownership.

Tract 1 - 205th Street, Rose Hill, IA 52586

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Description

Tract 1 will be offered as 155 surveyed acres with 140.86 acres tillable. The tillable acres on this tract offer a CSR2 of 71 that are in a Corn and Soybean rotation. The farm offers access from road on 3 sides and is located approximately 3/4 of a mile off hard surface. This property offers highly productive soils with good production history and has been under the same management for a number of years. As an add on unit to an existing operation or as an investment addition to your portfolio, this property offers top end opportunity. The farm is leased for the 2018 crop year and the winning bidder will receive a credit for $24,440 at closing.

Details

Acres: 155.00 Acres M/L
Net Taxes: $4,122.00
CSR2: 71.00

Directions

Tract 2 - 205th Street, Rose Hill, IA 52586

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Description

Tract 2 will be offered as 141 surveyed acres m/l with 127.14 tillable acres. The tillable acres on this tract offer a CSR2 of 72.4 that are in a Corn and Soybean rotation. This tract has been well cared for and offers highly productive soils. Tract has road frontage on 2 sides with access from both roads. In addition to the high-quality farm ground, this tract also offers an existing farmstead. The ranch style home is 1008 sq/ft built in 1954. This site also offers 5 smaller grain bins, a barn that is 40x54 and a shed that is 40x48. The farm is leased for the 2018 crop year and the winning bidder will receive a credit for $22,060 at closing.