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100 acres Tillable Farmland Auction

Monona County, Iowa

12-16-2016 10:00 AM

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Patricia Collison Estate Acreage & Farmland Auction

Auction Location

Onawa Community Center 320 10th Street Onawa, Iowa 51040

Date: 12-16-2016
Time: 10:00 AM

Bidding Onsite, Online

Bid Online

Directions to Farm

From Onawa go north on K45 across the railroad overpass and turn right on the first gravel (210th) road to find the acreage. Turn right on the second gravel road (205th) to find the farmland. Both are marked with signs.

Auction Details

This real estate auction will be sold as individual tracts.  The two tracts are not located in the same location.   They are seperated by approximately 1.5 miles.

Agent Comments

This is a unique acreage with some unique assets ideally located just outside of Onawa.  Home, mature trees, 2 car garage, multiple outbuildings, good condition grain bins with fans and drying floors along with 2 historical structures including a round clay tile corn crib and a block barn built in 1909.  Both very unique structures are in good condition.  Large barns like this are nearly impossible to find.  Be sure to attend the OPEN HOUSES if you wish to see the home on December 3rd or 9th from 10AM to 12PM each day.

Inventory

Real estate only

Sale Method

Tract 1 will be sold using a multiplier of 97.18 and Tract 2 will be sold in whole dollars.  Each tract will be sold individually with no combinations.

Home Description

The acreage includes 3.7 acres of land.  The home is 1296 square foot and was built in 1920.  There will be 2 OPEN HOUSE dates to preview this home and outbuildings.  December 3rd from 10AM to 12PM and December 9th from 10AM to 12PM.  No appointment is necessary to preview the homes, arrive during the hours stated to tour the real estate.

Building Description

2 highlights of this property include the round clay tile corn crib and the block exterior barn.  Both buildings are in good condition and functional structures. 

Legal Description

Legal descriptions will be governed by the abstract.

Possession

The buyer of Tract 2 will get immediate possession upon closing. The buyer will get full possession of the farmland and full farming rights on March 1, 2017

Closing

Closing for both tracts will be held on January 17, 2017.

Mineral Rights

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

Earnest Money

The buyer will pay a 10% non refundable earnest deposit upon becoming the successful bidder and entering into a purchase agreement with the seller.

Terms and Conditions

All property is being sold AS-IS WHERE-IS with no guarantee by the auctioneer or seller. All buyers are encouraged to do their due diligence prior to bidding. All bids are cash bids with no financing contingency. Tract 1 will be sold X 97.18 and Tract 2 will be sold in whole dollar amounts.

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

100.4 Acres
97.18 Tillable Acres
Sold For

$3500 per acre

Agent Comments

Located on a hard surface road just north of Onawa, IA

Home Description

There is no home on this tract

Building Description

There are no buildings on this tract

Other Improvements

Field entrances on the south and east sides of the farm.

Soil Productivity

CSR2 is 57


Tract 2

3.7 Acres
Sold For

$55,000

Tract Detail

Tract 2 is the farmstead with home, multiple outbuildings including 3 grain bins, barn, shop, garages, loafing shed and clay tile round corn crib.

Agent Comments

This is a unique acreage with everything in place you need for a small livestock operation.  Hobby, 4H family or others will enjoy this farmstead with plenty of room to speadout.  The farm has great mature windbreaks and a nice grove of trees.

Home Description

24236 210th Street Onawa, Iowa The home is 1296 Square Foot and will be open from 10Am to 12 Pm on Dec 3rd and 9th.  No appointment necessary, come during the stated hours to preview the real estate.

Building Description

There are multiple buildings on the property including a block barn, clay tile corn crib, 2 stall garage, 1 stall garage, shop, 3 grain bins with fans, drying flood (electric) and sweeps.