39.97 +/- Acres - Whitaker Marketing Group - Auctions & Real Estate

39.97 +/- Acres

Begins Closing:

Story County, IA

Whitaker Marketing Group is honored to present this 40+/- acre tract of land in Story County, Iowa. This property boasts outstanding views, has great hunting potential, and is buildable in Story County. The property is composed of one tract of land totaling 40 acres, more or less, in Sec 16-82N-22W.

Highlights:

  • Buildable
  • Great Hunting
  • CRP

Story County, Iowa Farmland For Sale

Whitaker Marketing Group is honored to present this 40+/- acre tract of land in Story County, Iowa. This property boasts outstanding views, has great hunting potential, and is buildable in Story County. The property is composed of one tract of land totaling 40 acres, more or less, in Sec 16-82N-22W.

Highlights:

  • Buildable
  • Great Hunting
  • CRP

Location of Land (Directions to the farm): Drive 2 miles North of Maxwell, Iowa on 653rd St (S27), then West on 305th St (E63) 1/4 mile. Farm is located on the North side of the road. *Maps located in the Documents tab.

Location of Auction: Written bids submitted to Whitaker Marketing Group, 101 US Hwy 69, Huxley Iowa, 50124.

Property Preview: We will have 2 days of open preview. 9/11/2021 from 8am - 5 Pm and 9/25/2011 from 8am - 5 pm

Legal Description: W1/2, NE1/4, EX E5AC S1/2
Sec 16-82N-22W  Exact legal to be taken from abstract.

Selling Multiplier: 40

Taxable Acres: 39.97

Tillable Acres: 9.08 (Surety Maps)

CSR2: 55.5

Zoning: A-1 Ag

Farm Tenancy: Termination has been served for 2021

Government Programs:
Seller will receive landowner’s share, if any, of annual government payments for the 2021crop year. Payments for subsequent years will go to the Buyer.

Seller will receive landowner’s share, if any, of conservation program (CRP) payments for the 2021 crop year.  Payments for subsequent years will go to the Buyer.

Seller agrees to provide yield and other required documentation to Buyer to fulfill the obligations of government programs, if any. 

FSA Information (156 Farm Record): 
*Located in the Documents tab.

FSA Farm number: #1770

FSA Tract number: #2979

HEL & WETLANDS: NHEL

Total Base Acres:  5.03

  Corn Base: 2.58     PLC Yield: 112  
  Bean Base: 2.45     PLC Yield: 27

CRP Income: $2,474 annually ($274.94/ac) Contract expires in 2027 *Contract is in the Documents tab.

 

 

 

Auction Sales Method: The real estate will be offered as 1 tract(s) of land. 

Sealed bids: Written bids will be received at the office of Whitaker Marketing Group, on or before October 6, 2021
at 12 PM CST. Written bids can be mailed to Whitaker Marketing Group, 101 US Hwy 69, Huxley, IA 50124 or emailed to info@wmgauction.com. *Bid forms are available on the Documents tab.

Bids should be for the total price, not per acre.

Please submit your highest and best offer as there will be no oral bidding. Seller reserves the right to reject any and all bids and to modify bidding requirements at their discretion.

Starting Bid: $280,000

Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed ones. 

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). 

Taxes: The real estate taxes will be pro-rated to the day of closing. 

Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney. The Seller will provide a current abstract of title at their expense. The Seller reserves the right to reject any and all bids.

Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds.  Earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney.

Closing: The sale closing is on November 22, 2021 or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing.

Possession: Possession will be granted at closing, or such other date agreed to by both parties, subject to current farming lease. The lease termination has been executed for the 2022 crop season.

Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Notice: 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. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. 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. All decisions of the auctioneer are final.

Seller(s): Rod & Jean Bienfang