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196 acres Tillable Farmland Auction

Calhoun County, Iowa

02-07-2020 2:00 PM

CMW Farms LLC Farmland Auction

Auction Location

Online Only

Listing No.: DDA - 25176

Date: 02-07-2020
Bidding Ends: 2:00 PM

Waukon Ave.
Somers, IA 50586
Bidding Online Only

Bid Online

Directions to Farm

From Rockwell City, head east on County Blacktop D20/W High St for 8 miles. Then turn left onto Waukon Ave and continue for 0.4 miles. The farm will be on your right, watch for signs.

Auction Details

This is an online only auction. All bidding will occur online. If you wish to have in person assistance with bidding our staff will be at Lynch's Mainstreet Bar & Grill, in Rockwell City from 1pm to 2pm on February 7th for the end of the auction. Arrive before 1:30pm. Bring a smart phone, tablet or laptop computer and we will assist you in registering and bidding.

Agent Comments

This high-quality farm will be offered in three tracts. High CSR2 ratings with good drainage make these farms an attractive addition to your acreage. The farms are located just off of hard surface old Highway 20 just 8 miles east of Rockwell city Iowa.

Sale Method

Timed Online Only Auction

Building Description

Tract 3 contains a 51x80 steel utility building, built in 1979.

Legal Description

NW 1/4 and the N 1/2 N1/2 SW 1/4 Section 28-88N-31W

Possession

Landlord possession at closing, full possession March 1, 2021

Closing

On or before March 9, 2020

Soil Productivity

86.1 CSR2

Taxes

$4,914 Annual Whole Farm

Earnest Money

5% due upon signing of purchase agreement

Farm Lease

The farm is leased for the 2020 season. The buyer will receive a rent credit of $275 per acre at closing for 2020 rent.

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.

View Associated Files

Contract

Contact


Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (515) 537-6633

Email: Jason@DreamDirt.com


Rachel Hoy, Farm & Land Specialist

Cell: (515) 954-8063

Email: Rachel@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

77 Acres
Sold For

$9,100/acre

Tract Detail

$1,922 Annual Taxes

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

N 1/2 NW 1/4 28-88N-31W

Soil Productivity

85.9 CSR2


Tract 2

79 Acres
79 Tillable Acres
Sold For

$9,100/acre

Tract Detail

$1,992 Annual Taxes

Home Description

There is no home on this property.

Building Description

There are no buildings on this property.

Legal Description

S 1/2 NW 1/4 28-88N-31W

Soil Productivity

86.7 CSR2


Tract 3

39.5 Acres
39.5 Tillable Acres
Sold For

$9,570

Tract Detail

$1,000 Annual Taxes

Home Description

There is no home on this property.

Building Description

51x80 Steel Utility Shed

Legal Description

N1/2 N1/2 SW 1/4 28-88N-31W

Soil Productivity

85.4 CSR2