Palo Alto County, IA
80.00 Acres M/L

500th Street |
Curlew, IA 50527 |
Listing #13688

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Property Info

Description

80 acres m/l to be sold at auction on Wednesday, October 26th, at 10:00AM. This property consists of 80 acres m/l, of which there are 79 taxable acres and 80.15 cropland acres. This property has an average CSR2 of 87.9, with the county average CSR2 being 81.5.

Legal Description

The East One-Half of the Southwest Quarter (E1/2 SW1/4) of Section Twenty-eight (28), Township Ninety-four (94) North, Range Thirty-four (34), West of the 5th P.M., Palo Alto County. Please refer to abstract for exact legal description.

Details

Cropland: 80.15 acres
Corn Base: 39.5 acres PLC Yield: 161 bushel
Bean Base: 39.5 acres PLC Yield: 47 bushel

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.

The subject property is rented for the 2016 crop year, with sellers retaining 100% of the 2016 cash rent. The subject farm is also rented for the 2017 crop year. Contact auctioneer for terms of the lease for 2017.

Directions

From Emmetsburg, Iowa, go south on State Highway #4 to County Blacktop B-63, then west on B-63 to County Blacktop N-28, then south on N-28 to 500th Street, then west on 500th Street 1.5 miles. Or from Curlew, go south on N-38 to B-63, then west to N-28, then south on N-28 to 500th Street, then west on 500th Street 1.5 miles. Property is located on the north side of 500th Street. Please follow auction signs.

Sign On Property: Yes
General Area: Curlew
Net Taxes: $2,452.00
Auction Date: Oct 26, 2016
CSR: 78
CSR2: 87.00
Possession: 12/1/2016
Terms: Conventional, Cash

Auction Details

PALO ALTO COUNTY LAND AUCTION
80 ACRES M/L
WEDNESDAY, OCTOBER 26, 2016
10:00 AM
VFW HALL
WEST MAIN STREET
EMMETSBURG, IOWA

SALE METHOD: This property will be sold as one tract of 80 acres M/L.

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

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.

POSSESSION: Possession will be granted at closing, on or about December 1, 2016, subject to the current cash rent lease and current tenant’s rights for the 2016 crop year.

CONTRACT AND 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 December 1, 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 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.