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234 acres Tillable Farmland Auction

Mitchell County, Iowa

06-05-2019 2:00 PM

Hungerford Family and Hungerford Family Trust Farmland Auction

Auction Location

This is a Timed Online Auction. If you wish to bid in person you may come to our office 1 hour before bidding ends. Arrive at 1PM on June 5th 4109 4th Street SW across Hwy 18 from Farm Credit Services.

Listing No.: DDA - 25145

Date: 06-05-2019
Bidding Ends: 2:00 PM


Osage, IA 50461
Bidding Online Only

Bid Online

Directions to Farm

Tract 1: From Osage, travel North on Highway 218 for 5.3 miles. Tract 1 is located on the NE corner of Highway 218 and 420th St. Tract 2: From Osage, travel North on Highway 218 for 4.5 miles, then turn left on 410th St. Proceed for .2 miles, and Tract 2 will be on your right.

Auction Details

This is a Timed Online Auction.  You may read the terms of use for our website. We do offer an alternative bidding location for those that can not bid online.  In this Timed Online Auction, you will have until 2PM on June 5th to place your bids.  You may bid at any time during that time.  

When the auction hits certain milestones the bidding increment will be reduced just like you are used to.  The auction will end with a "Soft Close" This means that if anybody bids in the last 2 minutes of the auction, the bidding clock will be reset to 2 minutes allowing everybody ample time to place a new bid.  You may opt to receive text and/or email notifications when you register for the auction so you will receive various notices including out bid and end of auction notifications automatically. These are very handy for keeping track of the auction and knowing when you are outbid.  If you already have a bidder account and do not get notifications you can sign in and change your communications preferences. 

We will contact you by telephone several times throughout the process and verify your information. You will be required to enter a credit card to register, this is done to verify the identity of bidders and ensure the bidder record matches the credit card account entered. Your card is NOT charged for anything. 

Following the auction when you are the high bidder we will contact you to make arrangements to sign the purchase agreement and submit the earnest deposit.  The Purchase Agreement will be sent to your email for electronic signatures and you will be given wire information to wire your deposit to our real estate trust account.  Often times we work with your banker to accomplish this. 

 

Agent Comments

This pair of high-quality North Iowa farms are located on Highway 218 between Osage and St. Ansgar Iowa. The farms are located 1/2 a mile apart. The family WILL NOT bid on any of the real estate, they have satisfied themselves by retaining 80 acres of the Section 26 Farm. You will be getting a rent credit at closing of $125 per tillable acre for 2019 rent.  

Sale Method

This is a Timed Online Auction.  

land auctions online bidding link

 

Home Description

There are no homes on the properties

Building Description

There are no buildings on the properties

Other Improvements

Section 24 Farm (Tract 1)

• 2 Years left on Buffer Strips

• Buyer receives $125 per tillable acre rent credit at closing

• Some tile exists but minimal, there is a tile easement that serves one neighbor across the south end.  No tile map is available

Section 26 Farm (Tract 2)

• Pattern tiled 60' Centers

• Wind Turbine Line easement pays $3000 annually in January

• Buyer receives $125 per tillable acre rent credit at closing

 

 

Legal Description

SW 1/4 Section 24-99N-17W W 1/2 SW 1/4 Section 26-99N-17W

Possession

Landlord possession at closing

Closing

On or before July 8, 2019

Soil Productivity

Tract 1: 87.4 CSR2 Tract 2: 94.1 CSR2

Taxes

See individual tract detail

Earnest Money

5% due upon signing of purchase agreement

Farm Lease

The farm is leased for 2019. You will get landlord possession at closing and a $125 per tillable acre rent credit at closing.

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

160 Acres
131.32 Tillable Acres
Tract Detail

• Some tile exists, it is minimal and no map is available • $125 X 131.32 Rent Credit at closing • 2 Years left on Buffer Strips  

Legal Description

SW 1/4 Section 24, Twp 99N, RAnge 17W

Soil Productivity

87.4 CSR2


Tract 2

80 Acres
Tract Detail

• Pattern tiled 60' Centers • Wind Turbine Line easement pays $3000 annually in January • Buyer receives $125 per tillable acre rent credit at closing      

Legal Description

W 1/2 SE 1/4 Section 26, Twp 99N, Range 17W

Soil Productivity

94.1 CSR2