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173 acres Tillable Farmland Auction

Hancock County, Iowa

08-26-2020 2:00 PM

John H Kruger Trust Auction

Auction Location

Online Only

Listing No.: DDA - 25206

Date: 08-26-2020
Bidding Ends: 2:00 PM

230 220th St.
Wesley, IA 50483
Bidding Online Only

Bid Online

Directions to Farm

From Britt, head west onto 2nd St NW for 0.6 miles, then continue onto 225th St. Continue for 6 miles, then turn left onto Crane Ave, and continue for 0.3 miles. Turn right onto 220th St and follow the road for 0.7 miles. The farm will be on your left. Watch for signs.

Auction Details

This is a timed online auction. ALL bidding will take place online. If you are unable to bid online please contact Auctioneer Jason Smith at 515-537-6633 to make arrangements to place bids offline.

Agent Comments

Look at this opportunity to buy 97 acres with a great acreage with 3 bedroom home and outbuildings! Barns, pens and outbuildings are perfect for any livestock operation with almost 8 acres dedicated to the farm site. With 173 acres total in both tracts you can own a great farm with excellent soils and CSR ratings!

Sale Method

Timed Online Only Auction

Home Description

  • Built in 1900
  • 1,520 sq ft.
  • 3 Bedroom
  • 1 Bathroom
  • Detached Garage

Building Description

  • Machine Shed, 54x72, built in 1977
  • Barn
  • Crib
  • Three grain bins, with dryers

Legal Description

Section 5-95N-26W

Possession

Landlord possession at closing for the land. Possession of the house on March 1, 2021. Possession of the Machine Shed on September 11, 2021.

Closing

On or before September 11, 2020

Soil Productivity

69.9 CSR2

Taxes

$4,096 Annual Whole Farm

Earnest Money

5% due upon signing of purchase agreement

Farm Lease

The farm is leased for the 2020 season.

Terms and Conditions

By bidding on this auction you agree to abide by the Terms and Conditions of this auction. You must satisfy us of your identity and to be authorized to bid. We reserve the right to require you to satisfy us of your financial ability to perform on this transaction prior to or after bidding has occurred. As an online bidder you consent to phone calls, text messages or emails from us. Internet latency can result in your bids not being accepted. The timer on online auctions can vary by a few seconds for each bidder depending and how secure and stable your own connection is. We want to give you notice that bidding in the last few seconds is a risky tactic. Using Max bidding prior to the end of the auction is the most secure way to ensure your bid is accepted. We are not responsible for technology failures and can not be held liable if your bids are not accepted. In the event a technology failure or Internet outage on our part we reserve the right to extend the auction ending time. Google Chrome browser is the preferred browser for interacting with our software. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. You must request to review the purchase agreement prior to bidding if you wish to review it. You consent to the form by bidding and waive any legal review of the purchase agreement once the auction has ended. Immediately upon the conclusion of the auction the high bidder(s) will enter into a real estate purchase agreement which is a legally binding contract and deposit with DreamDirt Farm and Ranch Real Estate LLC or other approved holding account the proper non-refundable earnest deposit. If you fail to perform or close on this transaction your earnest deposit will not be refunded. Buyer agrees to sign all documents immediately using electronic means and in a reasonable amount of time wire any necessary earnest funds using bank wire. Buyers failing to meet all terms and conditions of this sale or perform on the real estate purchase agreement are subject to loss of their earnest deposit. Buyers that fail to close on or before the closing date may be subject to paying sellers interest payments or a daily penalty of up to $500 per day at the sellers election, the seller may also elect other legal options including requesting the earnest deposit and selling the property to another party. 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 or appraisal, 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 bids are legally binding offers for real estate. 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 or acres enrolled in government programs in your name upon gaining ownership or abide by continuing requirements of any government programs or conservation programs on the farm. If you do not enroll these acres you will be required to pay any necessary penalties or withdrawal fees the program charges and the seller will not share in this cost. A survey will only be conducted if legally necessary. A buyer may perform any survey at their expense. 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 by the Auctioneer will take precedence over any previous material or statements. All announcements will be placed on our website and the top of the bidding page. The Auctioneer may accept absentee, phone or Internet bids from bidders or bid on behalf of the seller to advance toward any reserve until the reserve is achieved if one exists. Sellers reserve the right to take up to 4 hours after bidding ends to accept the final bid. Being the high bidder does not form a contract until the auctioneer announces the property sold and you are notified the seller has accepted your bid. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final.

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

94.95 Acres
87.38 Tillable Acres
Tract Detail

$2,284 Annual Taxes Corn Base: 43.74 Acres Corn PLC Yield: 132 Bean Base: 43.64 Acres Bean PLC Yield: 37  

Home Description

Built in 1901, 520 sq ft.3 Bedroom1 BathroomDetached Garage

Building Description

Machine Shed, 54x72, built in 1977BarnCribThree grain bins, with dryers

Legal Description

E 1/2 NW 1/4 5-95N-26W

Soil Productivity

78.9 CSR2


Tract 2

78.38 Acres
78.38 Tillable Acres
Tract Detail

$1,272 Annual Taxes Corn Base Acres: 39.23 Bean Base Acres: 39.15 Corn PLC Yield: 132 Bean PLC Yield: 37

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

E 1/2 SW 1/4 5-96N-26W

Soil Productivity

54.1 CSR2