Boone County, IA
113.00 Acres M/L

170th Street
Boone, IA 50036
Listing #13655


Property Info

Description

Offering 113 acres m/l of high quality Boone County farmland for sale via public auction. Farm consists of approximately 100 tillable acres with a CSR of 83.8 (CSR2 of 86.1). Primary soil types on the tillable acres include Webster, Clarion, and Nicollet. Newly installed 40 foot farm entrance along 170th Street. Great potential building site with a 6 inch rural water line located along the south side of the road. Farm is located west of Gilbert in the Southwest Quarter of Section 2 in Jackson Township. Farm is leased through February 28, 2017 and current lease has been terminated. Contact agent for details.

Legal Description

113.13 acres m/l in the Southwest Quarter of Section 2, Township 84 North, Range 25 West of the 5th PM in Boone County, Iowa.
Exact legal description to be taken from abstract.

Details

Corn - 51.1 base acres with a PLC Yield of 148
Beans - 49.2 base acres with a PLC Yield of 45

Directions

From Gilbert, travel west on Co Hwy E23 (170th Street) approximately 3.5 miles. Property is located on the north side of 170th Street. Look for Peoples Company signage.

  • Sign On Property: Yes
  • School District: Gilbert
  • General Area: West of Gilbert
  • Net Taxes: $3,380.00
  • Auction Date: Aug 24, 2016
  • CSR: 83
  • CSR2: 86.00
  • Possession: At closing subject to tenant's rights
  • Terms: Conventional & Cash

Improvements

Newly installed 40 foot, gravel farm entrance along 170th Street

Additional Info

Survey was recently completed and is not yet reflected on the Boone County Assessor website.  See attachments.


Auction Details

113 Acres M/L
Wednesday, August 24, 2016
10:00 AM
Gilbert Community Center
207 Main Street
Gilbert, IA 50105

 

Closing:  Closing will take place on or before Friday, October 14, 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. The current lease has been terminated and the farm will be open for the 2017 season.

Earnest Money 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 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 marketing 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 the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal description in the marketing material should not be used in legal documents. Full legal description will be taken from abstract.


Video

Click the “play” button below to watch an aerial drone video of this property.


Photos

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