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120 acres Tillable Farmland Auction

Dickinson County, Iowa

06-13-2018 10:00 AM

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Foss Brothers Farmland Auction

Auction Location

Milford City Building 806 N Avenue Milford, IA 51531

Listing No.: DD-25079

Date: 06-13-2018
Time: 10:00 AM

Buyer's Premium: 2%

Bidding Onsite, Online

Bid Online

Directions to Farm

From Milford go west on county road M34 to county road M27. Go south 1 mile and then west 3/4 mile on 230th Street. You will be at the southeast corner of the farm. The farm is located 14 miles northwest of Spencer and 19 miles south-east of Sibley, Iowa.

Auction Details

This auction will be a live auction with online bidding available.

Inventory

1 tract of farmland.  120 acres with 118.53 tillable acres.

Sale Method

This farm will be sold at live auction with online bidding available.  You will be bidding on only 1 tract of land and our bid will be multiplied by 118.53

Building Description

There are no buildings on this farm

Legal Description

The West 1/2 of the SW 1/4 and the NE 1/4 of the SW 1/4 of Section 9 Westport Township Dickinson County Iowa

Possession

You will receive landlord possession at closing. You will receive 1/2 of the 2018 rent directly from the tenant when the 2nd half payment is due of $150 per acre. You will be able to choose to keep or terminate the tenancy of the current tenant for 2019.

Closing

July 11, 2018

Mineral Rights

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

Soil Productivity

CSR2 64.2

Earnest Money

5% due the day of the auction

Farm Lease

The farm is leased for 2018. The buyer will receive the 2nd half rent of $150 per acre when due from the tenant.

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 conveyance instrument at their own expense unless otherwise noted. The 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. The successful 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 on 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 until the reserve is achieved. 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 you 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


Jason Dvorak, Auctioneer / Real Estate Agent

Cell: (515) 238-9685

Email: JasonD@DreamDirt.com

©2018 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warrant 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.