Howard County, IA
240.00 Acres M/L

40th Street |
Chester, IA 52136 |
Listing #13548

Info
Tracts
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Video
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Property Info

Description

240 acres m/l to be sold at auction on Friday, April 15, 2016, at 10:00A.M.
Tract #1-This property consists of 80 acres m/l, of which there are 78.50 taxable acres and 78 cropland acres. This property has an average CSR2 of 85.5, with the county average CSR2 being 75.8.
Tract #2-This property consists of 80 acres m/l, of which there are 76.41 taxable acres and 46.1 cropland acres. This property has an average CSR2 of 75.1, with the county average CSR2 being 75.8.
Tract #3-This property consists of 80 acres m/l, of which there are 79 taxable acres and 69.7 cropland acres. This property has an average CSR2 of 79.4, with the county average CSR2 being 75.8

Legal Description

Tract #1-The North One-Half of the Southwest Quarter of Section Twenty-two (22), Township One-Hundred (100) North, Range Thirteen (13), West of the 5^th P.M, Howard County, Iowa.
Tract #2-The South One-Half of the Southwest Quarter (S1/2 SW1/4) of Section Twenty-two (22), Township One Hundred (100) North, Range Thirteen (13), West of the 5^th P.M, Howard County, Iowa.
Tract #3-The East One-Half of the Northeast Quarter (E1/2 NE1/4) of Section Twenty-nine (29), Township One Hundred (100) North, Range Thirteen (13), West of the 5^th P.M, Howard County, Iowa.
Please refer to abstracts for exact legal descriptions on all tracts.

Details

Tract #1: Cropland: 78 acres
Corn Base: 42 acres with a PLC Yield of 160.
Bean Base: 19 acres with a PLC Yield of 41.
Tract #1 is classified as Non-Highly Erodible Land with the Wetland determination incomplete. FSA will be responsible for splitting the base and cropland acres on Tracts #1 & #2 if they are sold to different buyers. This tract has 6/10 acre of CRP that pays $114/yr & ends in 2019.
Tract #2: Cropland: 46.1 acres
Corn Base: 25.3 acres with a PLC Yield of 160.
Bean Base: 5.52 acres with a PLC Yield of 41.
Tract #2 is classified as Non-Highly Erodible Land and does contains Wetlands. FSA will be responsible for splitting the base and cropland acres on Tracts #1 & #2 if they are sold to different buyers. This tract has 14.5 acres of CRP paying $1158/yr until 2023.
Tract #3: Cropland: 69.7 acres
Corn Base: 35.3 acres with a PLC Yield of 160.
Bean Base: 28.6 acres with a PLC Yield of 41.Tract #3 is classified as Non-Highly Erodible Land and does contain Wetlands. This property has 7.6 acres of CRP that pays $602/yr and ends in 2023.

FARM LEASE: Farms are open for 2016.

Directions

Tract #1-Go south out of Chester, Iowa, on County Blacktop V-26 approximately 1.5 miles. Property is located on the west side of V-26. Please watch for signs.
Tract #2-Go south out of Chester, Iowa, on County Blacktop V-26 approximately 2 miles. Property is located on the west side of V-26. Please watch for signs.
Tract #3-Go south out of Chester, Iowa, on County Blacktop V-26 approximately 2 miles to 40^th Street, then go west on 40^th Street 1.5 miles. Property is located on the south side of 40^th Street. Please watch for signs.

Sign On Property: Yes
Auction Date: Apr 15, 2016

Improvements

Tract #1: None.
Tract #2: Older buildings considered salvage value. There is a well on the property which is being sold “As Is.”
Tract #3: None.

Auction Details

240 Acres M/L
Friday, April 15, 2016
10:00 AM
Riceville Community Center
119 West Main Street
Riceville, Iowa

Sale Method: Tracts #1, #2, & #3 will be offered through “Buyers Choice” method, whereas the high bidder can choose & purchase any or all of the tracts at their high bid. This method will continue until all tracts are sold. Each tract will be sold as 80 acres m/l. None of the tracts will be combined.

Taxes: Tract #1: $1942/year or $24.73/taxable acre. Tract #2: $1840/year or $24.08/taxable acre. Tract #3: $1916/year or $24.25/taxable acre
*Property taxes will be prorated to date of closing.

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

Possession: Possession of the subject tracts will be given immediately after the auction with the proper earnest money payment and proof of liability insurance.

Earnest Payment: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the Peoples Company or named attorney’s trust account.

Contract & Title: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Peoples Company the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs.

Closing: Closing will occur on or about May 15, 2016. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.

Survey: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.

Bidder Registration: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.

This sale is subject to all easements, covenants, leases and restrictions of record.
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.
All announcements made day of sale take precedent over previously provided information.

All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.

Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Tract 1 - 40th Street, Chester, IA 52136

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Description

Tract #1 consists of 80 acres m/l, of which there are 78.50 taxable acres and 78 cropland acres. This property has an average CSR2 of 85.5, with the county average CSR2 being 75.8.

Legal Description

The North One-Half of the Southwest Quarter of Section Twenty-two (22), Township One-Hundred (100) North, Range Thirteen (13), West of the 5^th P.M, Howard County, Iowa. Exact legal to be taken from abstract.

Details

Acres: 80.00 Acres M/L
Net Taxes: $1,942.00
CSR2: 85.00

Directions

Go south out of Chester, Iowa, on County Blacktop V-26 approximately 1.5 miles. Property is located on the west side of V-26. Please watch for signs.

Tract 2 - 40th Street, Chester, IA 52136

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Attachments

Description

Tract #2 consists of 80 acres m/l, of which there are 76.41 taxable acres and 46.1 cropland acres. This property has an average CSR2 of 75.1, with the county average CSR2 being 75.8.

Legal Description

The South One-Half of the Southwest Quarter (S1/2 SW1/4) of Section Twenty-two (22), Township One Hundred (100) North, Range Thirteen (13), West of the 5^th P.M, Howard County, Iowa. Exact legal to be taken from abstract.

Details

Acres: 80.00 Acres M/L
Net Taxes: $1,840.00
CSR2: 75.00

Directions

Go south out of Chester, Iowa, on County Blacktop V-26 approximately 2 miles. Property is located on the west side of V-26. Please watch for signs.

Tract 3 - 40th Street, Chester, IA 52136

Photos

Attachments

Description

Tract #3 consists of 80 acres m/l, of which there are 79 taxable acres and 69.7 cropland acres. This property has an average CSR2 of 79.4, with the county average CSR2 being 75.8

Legal Description

The East One-Half of the Northeast Quarter (E1/2 NE1/4) of Section Twenty-nine (29), Township One Hundred (100) North, Range Thirteen (13), West of the 5^th P.M, Howard County, Iowa. Please refer to abstracts for exact legal descriptions on all tracts.

Details

Acres: 80.00 Acres M/L
Net Taxes: $1,916.00
CSR2: 79.00

Directions

Go south out of Chester, Iowa, on County Blacktop V-26 approximately 2 miles to 40^th Street, then go west on 40^th Street 1.5 miles. Property is located on the south side of 40^th Street. Please watch for signs.