Name 190 Acres +/- of Farmland in Humboldt County
Auctioneer Whitaker Marketing Group
Date(s) 11/8/2017
Preview Date/Time Open House: By Appointment Only Call: 515-996-LAND (5263)
Location 7 Park Rd.
Humboldt, IA 50548
Buyer Premium A Buyer's Premium may be added to this bid if it is successful.
Description
Auction Info November 8th, 2017 @ 10:00am Oxbow Lodge; 7 Park Rd., Humboldt, IA 50548 Open House: By appointment only...call 515-996-LAND (5263) Donna Day Estate- Farmland Sale 190 Ac m/l PROPERTY DESCRIPTION- The property is composed of two tracts of land totaling 190 acres, more or less, in Section 21 of Rutland Township, Humboldt County, Iowa. LOCATION OF LAND- Just east of Rutland on County Rd. C29 (200th St.) LOCATION OF AUCTION- Oxbow Lodge; 7 Park Rd., Humboldt, IA 50548 LEGAL DESCRIPTION- W ½ of the W ½ in Section 21,Twp 92N, Range 29W (157.32 acres) & NW ¼ of the NE ¼ in Section 28, Twp 92N, Range 29W (33.36 acres) LAND DESCRIPITION- Flat ZONING- Property is classified as Agricultural. HEL & WETLANDS- NHEL TERMS AND CONDITIONS The farm will be offered as two tracts of land. "The land will be offered at auction on November 8th, 2017, 10:00 a.m. at the Oxbow Lodge; 7 Park Rd., Humboldt, IA 50548. The successful bidder(s) shall sign a purchase agreement, prepared by the seller, immediately after the close of the sale. The contract price will be the bidding acres as indicated on the individual tract purchased times the price bid per acre. "Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of Baker, Johnsen, Sandblom, & Lemmenes Trust Account by the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. "The real estate taxes will be pro-rated to the day of closing. . " The balance shall be paid in the form of certified funds upon closing, on or before December 12, 2017. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. "The current owner/farmer will have farming rights until March 2018. "The seller reserves the right to reject any and all bids." POSSESSION- Possession will execute on the December 12, 2017. Termination has been served for the 2018 crop season. CROP CONTRACT- ARC County, currently farmed by tenant for the 2017 crop year FOREST RESERVE- 12.10 ac. currently enrolled TILE- N/A INDIVIDUAL TRACT INFORMATION Tract 1 - Bid as 157 ac., more or less. W ½ of the W ½ in Section 21, Twp 92N, Range 29W (this includes the house and buildings) Tract 2- Bid as 33 ac., more or less. NW ¼ of the NE ¼ in Section 28, Twp 92N, Range 29W All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. All sales are presumed to be made by the individual judgment of the purchaser. The property is being sold "as is". Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Any announcements the day of sale will take precedence over any preprinted materials. Seller reserves the right to reject any and all bids. Parcel ID 2016 Taxes Tract 1 - 0621300004, 0621300001, 0621100004, & 0621100001 $4806 Tract 2- 0628200001 $1128 Total Estimated Tax (Based on 2016) Tracts 1 & 2 = $5932 FSA Farm # #842 FSA Tract #s #1542 & #1543 FSA Farmland Acres Total +/-167.46 FSA Cropland Acres Total +/-152.26 FSA DCP Cropland Total +/-152.26 Tillable CSR2 Weighted Average 86.6 (Source) Agridata Tract 1 CSR2 86.4 (Source) Agridata Tract 2 CSR2 88.2 (Source) Agridata Corn Base- 76.18 Acres Soybean Base-76.08 Acres
TERMS AND CONDITIONS The farm will be offered as two tracts of land. "The land will be offered at auction on November 8th, 2017, 10:00 a.m. at the Oxbow Lodge; 7 Park Rd., Humboldt, IA 50548. The successful bidder(s) shall sign a purchase agreement, prepared by the seller, immediately after the close of the sale. The contract price will be the bidding acres as indicated on the individual tract purchased times the price bid per acre. "Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of Baker, Johnsen, Sandblom, & Lemmenes Trust Account by the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. "The real estate taxes will be pro-rated to the day of closing. . " The balance shall be paid in the form of certified funds upon closing, on or before December 12, 2017. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. "The current owner/farmer will have farming rights until March 2018. "The seller reserves the right to reject any and all bids."