Shelby County, IA
116.00 Acres M/L
1150th Street & Timber Road |
Harlan, IA 51537 |
Listing #13697
Property Info
Description
High Quality Farm in Strong Farming Area! Offering 116 acres m/l of Shelby County farmland to be sold by public auction on Thursday, September 15th at 10:00 AM. The auction will take place at the American Legion in Harlan, Iowa and will be conducted as an Absolute Sale and without a Reserve Bid. The farm consists of 107.32 FSA Cropland acres with a CSR of 67.5 (CSR2 of 71.1). Primary soil types include Judson-Ackmore-Colo, Exira loam, and Marshall loam. Conservation practices have been actively applied with terraces installed and waterways maintained around the Elm Creek that flows through the property. The farm is located northeast of Harlan in Section 7 of Jackson Township. Farm lease has been terminated and is open for the 2017 crop year.
Legal Description
The East one half of the Southeast one quarter (E ½ SE ¼) and the East one half of the West one half of the Southeast one quarter (E ½ W 1/2 SE ¼) of Section 7, Township 79 North, Range 37 West of the 5th P.M. AND Subject to public roads, EXCEPT therefrom real estate described in Corporate Warranty Deed recorded as Instrument No. 1744-91. Exact legal to be taken from abstract.
Details
FSA Cropland Acres: 107.32
Total Base Acres: 95.4
Corn: 66.8 Base Acres with a PLC Yield of 168
Soybean: 28.6 Base Acres with a PLC Yield of 53
Directions
From Harlan: Travel east on Iowa Hwy 44 approximately 7 miles until Timber Road. Turn north on Timber Road for 1 mile and property will begin on the west side of the road. Property is located on the southwest corner of 1150th Street and Timber Road. Look for Peoples Company Signs.
- Sign On Property: Yes
- School District: Harlan Community School District
- General Area: East of Harlan, Iowa and East Central Shelby County, Iowa
- Net Taxes: $3,106.00
- Auction Date: Sep 15, 2016
- CSR: 67
- CSR2: 71.00
- Possession: At Closing. Subject to tenants rights.
- Terms: Conventional, Cash
Improvements
Conservation practices actively applied with terracing and grassed waterways.
Additional Info
This sale is being conducted pursuant to the Farm Credit Act of 1971, as amended. Orvis K. Behrens Farms, Ltd. has a right of first refusal to purchase the property for the amount of the winning bid on the same terms and conditions as the winning bidder. That right must be exercised immediately after the conclusion of the sale. Contact agent with any questions or need for clarification.
Auction Details
116 Acres M/L
Thursday, September 15, 2016
10:00 AM
American Legion Hall
702 Chatburn Avenue
Harlan, Iowa
Closing: Closing will take place on or before Thursday, October 13, 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.
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.
This sale is being conducted pursuant to the Farm Credit Act of 1971, as amended. Orvis K. Behrens Farms, Ltd. has a right of first refusal to purchase the property for the amount of the winning bid on the same terms and conditions as the winning bidder. That right must be exercised immediately after the conclusion of the sale. Contact agent with any questions or need for clarification.
Video
Click the “play” button below to watch an aerial drone video of this property.
Photos
