Butler County, IA
80.00 Acres M/L

18342 130th Street |
Greene, IA 50636 |
Listing #13737

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Property Info

Description

80 acres m/l to be sold at auction on Friday, October 28th, at 10:00AM. This property consists of 80 acres m/l, of which there are 77 taxable acres and 70.69 cropland acres. This property has an average CSR2 of 88.6, with the county average CSR2 being 74.5.

Legal Description

The North One-Half of the Northwest Quarter (N1/2 NW1/4) of Section Twenty-one (21), Township Ninety-three (93) North, Range Seventeen (17), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for exact legal description.

Details

Cropland: 70.69 acres
Corn Base: 34.95 acres PLC Yield: 157 bushel
Bean Base: 34.95 acres PLC Yield: 48 bushel

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

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

Directions

From Greene, Iowa, go west on County Blacktop #C-13 approximately 2.5 miles to county rock road Ivy Avenue, then south on Ivy Avenue approximately 2 miles to the corner of Ivy Avenue & 130th Street. The subject property Is located in the SE corner of the intersection of Ivy Avenue and 130th Street. Please watch for auction signs.

Sign On Property: Yes
School District: Greene Community
Net Taxes: $3,070.00
Auction Date: Oct 28, 2016
CSR: 77
CSR2: 88.00
Possession: 12.15.16
Terms: Cash

Improvements

IMPROVEMENTS: Older 2-story 4-5 bedroom home with asphalt shingle roof and permanent siding, forced air oil furnace with CA, and an electric water heater. Approximately 1740 sq. ft. of living space. Property also has several older outbuildings in average condition. All are being sold "AS IS."

Auction Details

BUTLER COUNTY LAND AUCTION
80 ACRES M/L
FRIDAY, OCTOBER 28, 2016
10:00 AM
GREENE COMMUNITY CENTER
202 WEST SOUTH STREET
GREENE, Iowa

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

TAXES: $3070/yr or $39.87/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 15, 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. The sale of this property is subject to Court Approval.

CLOSING: Closing will occur on or about December 15, 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. Sale is subject to Court Approval.

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.