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194 acres Tillable Farmland Auction

Monona County, Iowa

02-07-2018 10:00 AM

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Donna Koenig Estate Farmland Auction

Auction Location

Sloan Community Center 428 Evans St, Sloan, IA 51055

Listing No.: DDA-25060

Date: 02-07-2018
Time: 10:00 AM

Bidding Onsite, Online

Bid Online

Directions to Farm

The 3 farms are located south of Sloan Iowa and North of Whiting Iowa. All farms will have signs on them. Tract 1 is located east of Cedar Ave and 110th Street. Tract 2 is located just west of I-29 on 120th Street and Tract 3 is located on the western side of Badger Lake on the hard surface road north of 150th Street and County Road K42

Auction Details

This is a live auction with online bidding.  There is NO BUYER FEE for this auction.  Come join us at Sloan Iowa on February 7th at 10AM to place your bids on these nice northern Monona County Farms! 

Tract 1 Taxes $1098

Tract 1 Drainage Assessment $113

Tract 2 Taxes $1884

Tract 2 Drainage Assessment $63

Tract 3 Taxes $1878

Tract 3 Drainage Assessment $33

Agent Comments

A really nice trio of productive farms, very little Luton soils and a great opportunity to add acres to your operation and increase your production!  For the investor you are lookign at a competative rental market and good quality farms that provide a good value.  For the Nebraska investor Monona County right on the border makes sense because Iowa's lower property taxes along can increase your return alone.  

Sale Method

The farms will be sold as individual tracts with no combination bidding.  Both live and online bidding is available.  

Your bid will be multiplied to determine purchase price

Bidding multipliers

Tract 1 35.96 is the multiplier

Tract 2 74.77 is the multiplier

Tract 3 78.86 is the multiplier

Home Description

There are no homes on the 3 farms

Building Description

There are no buildings on any of the 3 farms

Legal Description

The farms are located in Lake (85N-46W) and West Fork (85N-45W) Townships Monona County Iowa. Tract 1 is located in Section 3 of West Fork (western Section 3 there are 2 Section 3's), Tract 2 is located in Section 7 and Tract 3 is located in Section 30 of Lake Township. The section line between Lake and West Fork is not a traditional north south line which creates duplicate section numbers in West Fork.

Possession

Full possession in 2018

Closing

March 8, 2018

FSA Information

Farmland 193.52 Cropland 189.32 Corn Base 94.80 Bean Base 94.10 Crop Election Choice ARC County Tract 1 Farmland 35.69 Cropland 35.69, Tract 2 Farmland 78.97 Cropland 74.77 Tract 3 Farmland 78.86 Cropland 78.86

Mineral Rights

All mineral rights owned by the seller will transfer to the buyer.

Soil Productivity

Tract 1 82.9 CSR2, Tract 2 65 CSR2, Tract 3 61.9 CSR2

Taxes

Total Tax plus Drainage $5192

Earnest Money

5% due the day of auction

Farm Lease

There are no leases on the farms

Terms and Conditions

Identification will be required to register to bid during this auction. Video and audio recording devices will be in use during the auction which may be broadcast via the Internet or used in other places. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. 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 or other approved holding account the proper non refundable earnest deposit. The Seller(s) will provide a current abstract or other title convayance instrument at their own expense unless otherwise noted. 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. You agree by bidding that you will enroll any CRP acres in your name upon gaining ownership or abide by continuing requires of any government programs or conservation programs on the farm or pay any necessary penalties should you choose not to. The seller reserves the right to accept or reject any and all bids. Winning bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. The Auctioneer may accept absentee, phone or Internet bids from bidders who can not attend the auction or bid on behalf of the seller to advance toward any reserve. Bidding remotely does not guarantee anonymity. 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.

Contract

 

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 to us 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.