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97 acres Tillable Farmland Auction

Chickasaw County, Iowa

09-16-2017 10:00 AM

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Auction Details

Very nice tillable farm with drainage tile and acreage with income from CRP and cash rent.  Farm has been in the family for 60 years

Personal property and farm equipment will be sold after the Real Estate at 12:30 PM onsite at the farm, located at 1309 180th Street Ionia, IA

Agent Comments

Dont miss out on the opportunity to own this farm. Farm has been in the family for 60 Years, and it is unlikely you will have another chance to own it in the forseeable future.

97.28 Acres of Farmland of which 90.70 Acres are Cropland of which 16.20 Acres are enrolled in the CRP program, which pays $3,900 annually thru 2022.  Current yearly taxes are $2,350.

Current crop lease will be terminated on March 1, 2018.  New owner will be given Landlord Possession at closing, unless other arrangements are made with current tenant for earlier possession.

Inventory

Associated Auction--->  Personal Property & Farm Equipment Auction

Sale Method

Real estate will be sold as 1 Tract.  Sold by the acre using a bid multiplier of 97.28 acres.  2% buyers premium will be added to final sales price to arrive at the final sale price for the farm

Home Description

1084 Square feet of living area, 3 Bedroom / Full Bath, Gas Furnace, Vinyl Siding.  Property's well and pump were in working condition when the electricity was turned off to the farm.

Property will be sold  AS IS / WHERE IS with NO Septic inspection being done. All expenses to update the Septic System will be the responsibility of the Buyer

Building Description

2 Grain bins, Garage, Corn crib, Pole shed, Machine shed, and a well pump shed

Other Improvements

Drainage tile is in place on the tillable portion of the farm and drains well.

Legal Description

SW 1/4 27-96-14

Auction Location

Super 8 Motel Meeting Room 825 S Linn Ave, New Hampton, IA 50659

Possession

Landlord possession at closing . Full possession on March 1, 2018, unless other arrangements are made after harvest

Closing

Approximately 30 Days after sale date

FSA Information

97.28 Farmland Acres 90.70 Cropland Acres 74.50 Effective DCP Cropland Corn Base Acres 69.80 ARC County Corn, Soybean

Mineral Rights

Conveyed with sale of the property

Soil Productivity

83.9 CSR2

Earnest Money

10% Down Day of Sale

Farm Lease

Current 2017-2018 crop lease has been terminated

Terms and Conditions

CRP Contract will be conveyed to new owner. Family will retain all 2017 payments for crop lease and CRP

View Associated Files

CONTRACT AND TITLE
CRP Contract for 16.20 acres ending 2022 paying $3900 annually

 

HD & Familly Farms LLC Farmland Auction

Listing No.: DDA-25011

Date: 09-16-2017
Time: 10:00 AM

Buyer's Premium: 2%

Bidding Onsite, Online, Acreage

Bid Online

Directions to Farm

8 Miles West of New Hampton on Hwy 18 or 7 Miles East of Charles City on Hwy 18, Turn North on Cheyenne Avenue and Drive 2 Miles, Farm is located on East side of road. Watch for signs

Contact

Chad Bals, Agent / Auctioneer / Farmland Specialist

Work: (855) 376-3478

Cell: (641) 745-9587

Email: Chad@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

97.28 Acres
Soil Productivity

83.9 CSR2