Boone County, IA
67.00 Acres M/L

130th Street & C Avenue |
Boxholm, IA 50040 |
Listing #13624

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Property Info

Description

Offering 67 acres m/l of highly productive Boone County farmland in a strong area for sale via public auction. Farm is nearly 100% tillable consisting of 65.44 FSA tillable acres with a CSR of 78.6 (CSR2 of 81.4). Primary soil types include Canisteo, Harps, and Nicollet. Farm is leased for the 2016 season with the winning bidder receiving the second half of the cash rent. Farm is located southwest of Boxholm, Iowa in Section 21 of Grant Township.

Legal Description

The West 1/2 of the Northwest 1/4 Except the North 640 feet of the East 500 feet and Parcel "A" in Section 21, Township 85 North, Range 28 West of the 5th PM in Boone County, Iowa. Exact legal description to be taken from abstract.

Details

Corn - 34 base acres with a PLC Yield of 151
Beans - 31.4 base acres with a PLC Yield of 36

Directions

From Boxholm, travel south on D Avenue / Hwy 169 approximately 1/2 mile to 130th Street. Turn west onto 130th Street and continue approximately one mile to C Avenue. Farm is situated on the southeast corner of 130th Street and C Avenue. Look for Peoples Company signs.

Sign On Property: Yes
School District: Southeast Webster - Grand
General Area: Southwest of Boxholm
Net Taxes: $1,608.00
Auction Date: Jul 20, 2016
CSR: 78
CSR2: 81.00
Possession: At Closing. Subject to tenants rights.
Terms: Conventional, Cash

Additional Info

Buyer will assume the current lease at closing. Buyer will receive the second half of cash rent for 2016 farming season. Contact agent for more details.

Auction Details

67 Acres M/L
Wednesday, July 20, 2016
10:00 AM
Leonard Good Community Center
114 SW 8th Street
Ogden, Iowa

Closing: Closing will take place on or before Monday, August 22, 2016. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession will be granted at closing, subject to tenant’s rights. Full possession to be granted on February 28, 2017. Winning Bidder will receive the second half of the 2016 cash rent and will assume the current lease. It will be the Winning Bidder’s responsibility to terminate the current lease.

Earnest Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company Trust Account.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales 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.

Minerals: All mineral rights will be conveyed to Buyer.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder 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 bids will be on a per acre basis.

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.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within this brochure. Buyer should perform his/her own investigation of property prior to bidding at the auction. The brief legal description in this brochure should not be used in legal documents. Full legal descriptions will be taken from abstracts.