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120 acres Pasture, Tillable Farmland Auction

Shelby County, Iowa

Property Detail

FSA: Farmland 116.6 Cropland 105.96 Corn Base 69.4 Soybean Base 26.2 Total Base Acres 95.6 PLC Yield Corn 150 Soybeans 47. Numbers can not be split by FSA until after a sale has been made.

Directions to Farm

From Harlan go east on Hwy 44 to Redbud Road, go north on Redbud 3 miles to the farm. Just south of the farm the road name changes from Redbud to Redwood. The farm is on the west side of Redwood. Watch for Signs.

Sale Method

The farm will be sold as 2 tracts. Tract 1 is 40 acres with pasture, tillable and home and Tract 2 is 80 acres of tillable farmland. The tracts will be offered buyers choice. The farm will be sold AS-IS WHERE-IS. This farm is being sold to settle an estate so a septic inspection and update is not required for the buyer or seller. A buyer may choose to install a new septic system but it is not required given the farm is being sold by an estate.

Legal Description

Tract 1 Legal Description: The Northeast Quarter of the Southeast Quarter of Section 2, Township 79, Range 38, Shelby County, Iowa. Tract 2 Legal Description: The West Half of the Southeast Quarter of Section 2, Township 79, Range 38, Shelby County, Iowa.

Earnest Money

10% day of sale, balance due at closing 30 days after the auction.

Possession

The farmland is rented for 2016 so you will get landlord possession at closing. The new owner will receive $13,825 of the 2016 rent on September 1, 2016. Because this is an estate the sale will be subject to court approval. If the tracts are sold separately to different buyers the rent will be applied to individual tracts as follows Tract 1 $3914.50 and Tract 2 $9910.50

Closing

July 29, 2016 at the office of the sellers attorney



 

Location

northeast of Harlan Iowa

  • State

    Iowa

  • County

    Shelby

  • Total Acres

    120

  • Land Type

    Pasture, Tillable Farmland Auction

Contact

Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (712) 592-8965

Email: Jason@DreamDirt.com


DreamDirt Farm & Ranch Real Estate LLC
101 S Noyes Street
Mondamin, Iowa 51557

©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.