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74 acres Tillable Farmland Auction

Crawford County, Iowa

10-16-2017 10:00 AM

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Edna Johannsen Estate Farmland Auction

Auction Location

Charter Oak Community Center 29 1/2 Main Street Charter Oak Iowa 51439

Listing No.: DDA-25028

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

Buyer's Premium: 2%

Bidding Onsite, Online

Bid Online

Directions to Farm

This farm is located just south of Charter Oak Iowa 2 miles or 12 miles west of Denison Iowa.

Auction Details

This will be a live auction with online bidding available.  The live auction will be held at the Charter Oak Community Center at Charter Oak Iowa.  The live and online auctions happen simultaneously with the online bidding being conducted from the auction floor.  You can bid online from our website at bid.dreamdirt.com or download our app for smartphones and tablets.  

Agent Comments

A super little farm with extra value whether you are looking for more acres or an investment.

NOTE: This is one of 2 farms available in the same neighborhood. Don't confuse the two auctions, they are both nearly the same size at just 3 miles apart.

Inventory

1 Tract of farmland

Sale Method

The farm will be sold as 1 tract.  The bid multiplier will be 73.96.  This is less than the FSA farmland figures becasue of the small hold out owned by the United States of America.  You are not buying those acres.  Currently the tenant has farmed right through those acres but we make no promise as to possesion of those acres.  We are selling only the farmland owned by Edna Johannsen Estate which we believe is 73.96 acres.

Your bid will be multipled by only the net acres of 73.96 to arrive at your final bid price.  No survey will be conducted. 

Home Description

There is no home on this property

Building Description

There are no buildings on this farm

Legal Description

The North Half (N½) of the Northwest Quarter (NW¼) of Section Three (3), Township Eighty-three (83) North, Range Forty-one (41), West of the 5th P.M., Crawford County, Iowa, EXCEPT A tract of land situated in the fractional Northwest Quarter of the Northwest Quarter (fr. NW¼ NW¼) of Section Three (3), Township Eighty-three (83) North, Range Forty-one (41) West of the 5th P.M. more particularly described as follows: Beginning at a point on the West line of Section Three (3), Township Eighty-three (83) North, Range Forty-one (41) West of the 5th P.M., Five Hundred Eighty-nine and Eight-tenths (589.8) feet southerly from the Northwest Corner of said Section Three (3); thence southerly along the West line of said Section Three (3), Four Hundred Seventy-five (475) feet; thence easterly and at right angles to the West line of said Section Three (3), Four Hundred Seventy (470) feet; thence northerly and parallel to the West line of said Section Three (3), Four Hundred Seventy-five (475) feet; thence westerly and at right angles to the West line of said Section Three (3), Four Hundred Seventy (470) feet to the point of beginning, and containing Five and Thirteen Hundredths (5.13) acres, more or less, together with all and singular the hereditaments and appurtenances thereto belonging or in otherwise appertaining; subject, however, to rights-of-way of any nature whatsoever of record or in use.

Possession

Full possession March 1, 2018

Closing

November 17, 2018

FSA Information

Farmland 78.03 Cropland 78.03 Corn Base 78.00 See attached document

Mineral Rights

All mineral rights to be conveyed to the buyer

Soil Productivity

57.7 CSR2

Taxes

2016 Annual Taxes $1588

Earnest Money

5% of the purchase price is due the day of the auction to be held for closing

Farm Lease

Tenancy has been terminated on this farm

Terms and Conditions

All announcements the day of the sale will take precedence over any previously advertised material or announcements.

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

©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

73.96 Acres
Sold For

$6681

Tract Detail

This is the only tract on this auction, it will be sold as 1 tract.

Soil Productivity

57.6