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155 acres Tillable Farmland Auction

Fremont County, Iowa

04-09-2019 10:00 AM

Leo Geyer Charitable Trust Auction

Auction Location

The Bricker Room, Located Inside Shenandoah Fire Station 400 W Sheridan Ave, Shenandoah, IA 51601

Listing No.: DDA - 25130

Date: 04-09-2019
Bidding Starts: 10:00 AM


Shenandoah, IA
Bidding Onsite, Online

Bid Online

Directions to Farm

From Shenandoah, head South on US-59 for 8 miles. Then turn right onto County Rd J56, and continue for 3 miles. From Hamburg go east from the Case IH Dealer on the paved road to 390th Avenue then north 2 miles to the NE corner of the farm. Farm will be on your left in each case, watch for signs on the farm.

Auction Details

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

Agent Comments

farmland auction Fremont county Iowa NOTE: This farm is unaffected by flooding and is located on the eastern side of Fremont County. Photo 3/28/2019

A super opportunity to pick up new acres for 2019 and own them.  Look at this quality farm with little waste.  This managed farm is ready to go.  It has been terraced and is available for 2019.  The farm is located on good access roads with 4 improved entrances for large equipment.  The auction will be conducted in person and are invited to attend.  We will also offer online bidding if you can not attend you can bid via the Internet simultaneously with the live auction.  

Due to concern about the catastrophic floods in Western Fremont County, we want to clarify that this property is NOT flooded and was not flooded. Recent photos below show this. Flooding is occurring 15 miles west of this location.

You will get immediate possession of the farm via a lease agreement upon making the earnest deposit so you can leave the auction and start farming!  

Inventory

We will be selling 1 tract of farmland.  The farm will be sold as 1 tract. 

Sale Method

Live auction, with online bidding available.

Home Description

There is no home on this property.

Building Description

There are no buildings on this property.

Other Improvements

Terraces

Legal Description

NE 1/4 Section 17, Twp 67N, Range 40W

Possession

Immediately upon closing

Closing

On or before May 9, 2019

FSA Information

153.55 Farmland Acres, 144.76 Cropland Acres, DCP Crop Data: Corn Base Acres 88.30, Soybeans Base Acres 44.20

Soil Productivity

65.9 CSR2

Taxes

$3,898 Annual

Earnest Money

10% will be due on the day of auction

Farm Lease

There is no lease, the farm is open for 2019. You will get immediate possession upon becoming the high bidder at the auction and payment of the earnest deposit via a written lease. The lease will only serve to protect the seller in the case the buyer does not perform and close the sale of the property. Upon closing the lease will be voided, however, if you fail to close the real estate transaction your earnest deposit will be non-refundable and you will be considered a tenant for 2019.

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: (515) 537-6633

Email: Jason@DreamDirt.com


Tom Bradley, Land Broker l Auctioneer

Work: (855) 376-3478

Cell: (515) 202-7687

Email: Tom@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.


Tract 1

155 Acres
153.5 Tillable Acres
Sold For

$4,885 per acre

Legal Description

NE 1/4 Section 17, Twp 67N, Range 40W

Soil Productivity

65.9 CSR2