Winneshiek County, IA
338.00 Acres M/L

265th Avenue |
Calmar, IA 52132 |
Listing #13736

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Property Info

Description

338 acres m/l to be sold at auction on Wednesday, November 16th at 10 A.M. This property consists of 338 acres m/l, of which there are 337.35 taxable acres and 178.29 cropland acres. This property has an average CSR2 of 43.6, with the county average CSR2 being 60.9. Located on the beautiful historic and scenic Turkey River. Great recreational opportunities.

Legal Description

South 16’ NW1/4 SW1/4-Section 28; E1/2 NE1/4 SE1/4 Exc. N. 78 rods of S. 79 rods of E. 1 rod (Lot 1); SE1/4 NE1/4; Lot 2 SE1/4 NW1/4, Lot 2 NW1/4 NW1/4 and Lot 2 NE1/4 NW1/4-Section 29; NW1/4 NE1/4; NE1/4 NE1/4; SW1/4 NE1/4; SE1/4 NE1/4 (Lots 1,2,3); Lot 1 NE1/4 SW1/4, Lot 1 NW1/4 SE1/4 & E. 8 1/2 ‘ Lot 2 NW1/4 SE1/4; NE1/4 SE1/4-Section 32; Lot 2 SW1/4 NW1/4-Section 33, Township Ninety-Seven (97) North, Range Nine (9), West of the 5th P.M., Winneshiek County, Iowa. Please refer to abstract for exact legal description.

Details

Cropland: 178.29 acres
Corn: 126.36 base acres with a PLC Yield of 164 bushel
Oat: 7.04 base acres with a PLC Yield of 54 bushel

This farm is classified as Highly Erodible Land with no Wetlands Determination complete at this time. An active Conservation Plan is on file with FSA, or contact agent for details.

Of the 178.29 acres of cropland, there are 4.99 acres of CRP-11 that pays $394/yr until 2017. The subject property has approximately 71 acres of Forest Reserve, which is tax exempt.

Directions

From Calmar, Iowa, go north on State Highway #52 approximately 1/2 mile, then go west on County Blacktop 175th Street, turn south on 265th Street, and go south for ½ mile. Access to the farm is to the west of 265th Street. Please watch for auction signs.

Sign On Property: Yes
School District: South Winneshiek
General Area: Calmar
Net Taxes: $4,164.00
Auction Date: Nov 16, 2016
CSR2: 43.00
Possession: 12-30-2016
Terms: Conventional, Cash

Improvements

Older Cattle Shed

Additional Info

FARM LEASE: The subject property is rented for the 2016 crop year, with Sellers retaining 100% of the 2016 cash rent. The lease on this property has been terminated for 2017 and is open for 2017.

Auction Details

WINNESHIEK COUNTY LAND AUCTION
338 ACRES M/L
WEDNESDAY, NOVEMBER 16, 2016
10:00 AM
FORT ATKINSON COMMUNITY CENTER
303 3RD ST NW
FORT ATKINSON, IOWA

SALE METHOD: This property will be sold as one tract of 338 acres m/l.

TAXES: $4164/year or $12.34/taxable acre.

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 30, 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 30, 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.