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160 acres Tillable Farmland Auction

Howard County, Iowa

12-07-2016 10:00 AM

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Chief Farms, LLC Farmland & Equipment Auction

Auction Location

Real Estate Champlin Hall/Cresco Theater -115 2nd Ave W. Cresco, Iowa 52136 Machinery at the farm after the land sells 15124 Robin Avenue Cresco, IA

Date: 12-07-2016
Time: 10:00 AM

Bidding Onsite, Online, Acreage

Bid Online

Directions to Farm

15124 Robin Avenue Cresco, Iowa. Drive south on Willow AVE out of Cresco for 4 Miles and Turn Right onto 150th Street. Continue on 150th Street for 4.5 Miles. Turn Left onto Robin Ave and the homestead is on the left. Please note the land auction will be held at Chamblin Hall/Cresco Theater at 115 2nd Avenue West Cresco, IA at 10AM and the machinery will be sold at the farm at around 1130PM after the land auction is completed

Auction Details

This auction includes real estate and farm equipment.  The 3 tracts of real estate will be sold individually and the equipment will be sold immediately following the real estate.

Agent Comments

The real estate will be sold as 3 tracts with the farmland in 2 tracts.  The home and bin site will be sold seperate from the farmland.  This is a very nice oportunity to buy the entire set up and live on the 160 acres with a grain storage and machine sheds.  This is a very nice farmstead perfect for an addition to any farming operation.  Both pieces of equipment we will be selling are low hour/ low acre in exceptional condition. NOTE: The listing originally described the planter as 36 row, the planter is 16 rows.

Inventory

80 Acres Farmland

75.5 Acres Farmland

4.5 Acres with Homstead and grain storage

Case IH 290 Tractor, 750 hours, 700 pro planter monitor, duals, weights, front fenders, larger hydro pump. Super clean tractor, loaded with options.

2012 Case IH 1250 Early Rise 16 Row Planter.  30" liquid fertilizer tanks, electric shutoffs, 

Sale Method

Each tract of real estate will be sold individually.  There will be no combination bidding.  Farm equipment will be sold by the lot as individual pieces.

Home Description

Located on Tract 1-Single family home built in 1986.  Total living area is 1756 square foot.  3 Bedroom, 1 full bath, 1 1/2 bath, fireplace, garage.  Concrete foundation, central air, wood deck.  OPEN HOUSE Property preview SATURDAY December 3rd 10AM to 2PM

Building Description

There are multiple buildings on Tract 1 including

Machine shed 120X45 5400 sq foot.

Crib 20X24 480 sq foot.

Shed 14X22 308 sq foot.

Machine shed 40X48 1920 sq foot.

Machine shed built in 2000 56X64 3584 sq foot.

Other Improvements

The grain storage on Tract 1

Measurements are Diameter then Height

Bin 18 X 16 3468 bushels

Bin 18 X 16 3468 bushels

Bin 18 X 16 3468 bushels

Bin 18 X 16 3468 bushels

Bin 24 X 26 10,189 bushels

Bin 30 X 18 11,144 bushels

Bin 21 X 20 5945 bushels

Bin 30 X 21 13,002 bushels

Grain leg, 92 foot, 2 foot depth

Bin Unk measurements 1600 bushels

Bin 36 X 26 23,393 bushels

Bin 30 X 24 14,859 bushels

Bin 18 X 16 3468 bushels

Bin 18 X 10 2168 bushels

99,640 total bushel capacity

Legal Description

The Northwest Quarter, of Section 24, Township 98 North, Range 12 West of the 5th P.M., Howard County, Iowa

Closing

Closing will be held approximately 30 days after the auction. Seller will provide an updated abstract to the buyer.

FSA Information

Farm # 1406 Tract # 1274 All Farm Service Agency information is currently combined with other acres and a reconstitution of numbers can not be completed until the new buyer closes. There is a small amount of CRP (CP8A) on the farm in water ways. The CRP Contract begins in 2017 and will expire in 2026 with a rental rate of $329.88 per acre.

Mineral Rights

All mineral rights owned by the seller will transfer to the buyer(s)

Soil Productivity

Tract 2 CSR2 80.2 / Tract 3 CSR2 77.2

Earnest Money

The successful buyer(s) will place a 10% earnest deposit the day of the auction. The balance will be due at closing.

Farm Lease

Buyer(s) of the real estate will get possession as follows: At Closing the buyer of Tract 1 will get possession of the bin site and machine sheds

Terms and Conditions

Buyer will pay 2% buyers premium which will be added to the final bid of each individual lot

CONTRACT AND TITLE

Immediately upon conclusion of the auction the high bidder(s) will enter into a real estate contract and deposit with DreamDirt Farm and Ranch Real Estate LLC the proper non refundable earnest deposit. The Seller(s) will provide a current abstract at their own expense. Sale is not contingent upon buyer financing, all bids are cash bids. This sale is subject to all easements, covenants, leases and restrictions of record. Buyers must do their due diligence prior to bidding. 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 unless specifically stated. Seller reserves the right to accept or reject any and all bids. DreamDirt Farm and Ranch Real Estate LLC and its representatives are agents of the Seller. Winning bidder(s) 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. The Auctioneer may accept absentee or phone bids from bidders who can not attend the auction or bid on half of the seller. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask your to leave if your behavior is not in the best interest of the seller.


 

Contact

Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (712) 592-8965

Email: Jason@DreamDirt.com


Mandy Hoistad, Farmland Market Analyst / Agent

Work: (855) 376-3478

Cell: (701) 680-9351

Email: Mandy@DreamDirt.com

©2016 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warranty or guarantee any information. It is possible that information has been omitted or reported in error. All lines drawn on maps are approximate. All acreages are stated as more or less. Representatives of DreamDirt Farm and Ranch Real Estate LLC may offer opinions based on the best information available at the time using assumptions and estimates but this does not guarantee any performance financial or otherwise. It is imperative that you rely on professional advice from legal, tax, financial or other advisors to make any decisions based on your own investigation.


Tract 1

4.5 Acres
N/A Tillable Acres
Sold For

NOT SOLD

Agent Comments

A 4.5 Acre Homestead and Building Site in the Northwest Quarter of the Northwest Quarter of Section 24, Township 98 North, Range 12 West of the 5th p.M., Howard County, Iowa.

Home Description

Located on Tract 1-Single family home built in 1986. Total living area is 1756 square foot. 3 Bedroom, 1 full bath, 1 1/2 bath, fireplace, garage. Concrete foundation, central air, wood deck.  OPEN HOUSE Property preview SATURDAY December 3rd 10AM to 2PM

Building Description

There are multiple buildings on Tract 1 including

Machine shed 120X45 5400 sq foot.

Crib 20X24 480 sq foot.

Shed 14X22 308 sq foot.

Machine shed 40X48 1920 sq foot.

Machine shed built in 2000 56X64 3584 sq foot.

Other Improvements

The grain storage on Tract 1

Measurements are Diameter then Height

Bin 18 X 16 3468 bushels

Bin 18 X 16 3468 bushels

Bin 18 X 16 3468 bushels

Bin 18 X 16 3468 bushels

Bin 24 X 26 10,189 bushels

Bin 30 X 18 11,144 bushels

Bin 21 X 20 5945 bushels

Bin 30 X 21 13,002 bushels

Grain leg, 92 foot, 2 foot depth

Bin Unk measurements 1600 bushels

Bin 36 X 26 23,393 bushels

Bin 30 X 24 14,859 bushels

Bin 18 X 16 3468 bushels

Bin 18 X 10 2168 bushels

99,640 total bushel capacity


Tract 2

75.5 Acres
Sold For

$9575 + 2%

Agent Comments

The North Half of the Northwest Quarter, excluding the Homestead and Building Site, in Section 24, Township 98 North, Range 12 West of the 5th P.M., Howard County, Iowa

Soil Productivity

80.2 CSR2

View Associated Files


Tract 3

80 Acres
Sold For

$9575 + 2%

Agent Comments

The South Half of the Northwest Quarter in Section 24, Township 98 North, Range 12 West of the 5th P.M., Howard County, Iowa.

Soil Productivity

77.2

View Associated Files