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317 acres Tillable Farmland Auction

Kossuth County, Iowa

05-01-2019 2:00 PM

Melville Family Auction

Auction Location

This is an online auction only.

Listing No.: DDA - 25140

Date: 05-01-2019
Bidding Ends: 2:00 PM


Algona, IA 50522
Bidding Online Only, Acreage

Bid Online

Directions to Farm

From Algona, head North on US-169 for 3.9 miles, then turn right onto 250th St. Continue east for 1.5 miles, then turn left onto 130th Ave. Continue for .8 miles. Farm will be on your left and right. Watch for signs.

Auction Details

This is a timed online auction. Place your bids online for the individual tracts you wish to bid on.  If you do not have the ability to bid online you can place bids in person and participate during the final hour of the auction at our office at 4109 4th Street SW Mason City, Iowa 50401.  You should arrive at the bidding location by 1PM to be assigned a bidding number and device.  Our staff will assist you if you require assistance.  The tracts will be offered individually only, there will not be any kind of combination bidding.

 

Agent Comments

A large offering of tillable farmland to be offered in 5 tracts.  4 tracts will be farmland and the 5th tract will be a home.  The home on the eastern side of the road will not be sold.  The home on the west side of the road will be sold.  See the tracts below for more details.  The tracts are all located on hard surface road.  This property will be sold by timed online auction.  The auction will have an ending time, all bids must be placed prior to the bidding closing.  

Sale Method

This will be an online auction. 

Home Description

There is a home on Tract 5 only.  If the buyers of tracts 4 and 5 are different buyers the seller will provide a survey to mark the boundaries of the acreage.  The acreage will be approximately 4.75 acres.  We hope to have the acreage figures by auction day.  

There will be an Open House for the acreage on April 27, from 1 pm - 3 pm.  This will be THE ONLY opportunity to see the home.  If you can not make it we will post a video of the interior of the home on our Facebook page that day.

Building Description

There are multiple outbuildings in various conditions on Tract 5.  Tracts 1 - 4 do not have any buildings.  Tract 5 will be sold AS-IS WHERE IS and the buyer will be responsible for any code updates that may be necessary to complete the transaction.  

Legal Description

12-96N-29W 13-96N-29W 7-96N-28W 18-96N-28W

Possession

You will receive landlord possession at closing.

Closing

On or before May 31, 2019

Soil Productivity

See individual tracts for CSR2 ratings.

Taxes

See each individual tracts

Earnest Money

5% due upon signing purchase agreement

Farm Lease

The farms are leased for 2019. 2019 rents will be prorated to the buyers.

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

©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

96 Acres
Legal Description

12-96N-29W

Soil Productivity

82.7 CSR2


Tract 2

64.22 Acres
Legal Description

7-96N-28W

Soil Productivity

81 CSR2


Tract 3

69 Acres
Legal Description

7-96N-28W

Soil Productivity

81.4


Tract 4

80 Acres
Legal Description

13-96N-29W

Soil Productivity

81.6 CSR2


Tract 5

4.75 Acres
Tract Detail

This tract will be approximately 4.75 acres.  The final acreage will be determined by the survey.  Bidding will be based on a whole dollar amount and not by the acre.  

Legal Description

13-96N-29W

Soil Productivity

89 CSR2