Offering 80 acres M/L of highly productive Warren County Farmland to be sold in 2 tracts at public auction on Friday February 23, 2018 at the Hartford Sportsman's Club in Hartford Iowa. The auction will start at 10:00 AM.
Sold Date: Apr 25, 2018
Sold at $12,100/acre
Seller Name: Gordon Smith Iowa Farm Trust
Warren County Land Auction
80.00 Acres M/L
Offered in Two Separate Tracts
Friday, February 23, 2018
Gordon Smith Iowa Farm Trust
Hartford Sportsman Club
110 W. Elm Street
Hartford, Iowa 50118
Auction Method: Auction method will be sold as choice to the successful bidder, will have the choice to take one or both tracts.
Farm Program Information: Farm Program Information is provided by the Warren County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Warren County FSA and NRCS offices.
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’s Trust Account.
Closing: Closing will occur on or about Friday, March 16, 2018. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.
Possession: Possession of the farm will be granted at closing.
Farm Lease: The current farm lease has been terminated. Farm will be open for the 2018 season.
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 money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
Other: 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, expressed or implied, made by the Auctioneer, Peoples Company, 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 or Listing Agents will take precedence over all 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 the 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 descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.
Tract 1 consists of 40 acres M/L including approximately 37.24 tillable acres with a CSR2 of 92.6. The farm consists of high quality Tama and Muscatine soils. The tillable ground is open for 2018. Located just 3/4 of a mile off of Highway 5 on the east edge of Hartford Iowa this farm would also make a excellent building site or development location with just a short commute to Des Moines.
40 m/l acres located in the SW 1/4 NW 1/4 of Section 27 Township 77 North Range 22 West of the fifth PM exact legal taken from the abstract.
From the corner of 220th street and Highway 5 on the east edge of Hartford Iowa go south 3/4 of a mile and the farm will be on the east side to the road.
Tract 2 consists of 40 acres m/l including 35.89 acres tillable acres with a CSR2 of 85.4. The farm is made up entirely of high quality Tama soils. There is 35.59 acres being farmed and .3 acres currently in CRP until 2020. The tillable ground is open for the 2018 crop year. Located just 1/2 mile of of Highway 5 on the Southeast edge of Hartford this property would make an excellent building spot or could have development potential with just a short commute to Des Moines.
40 m/l acres located in the NE 1/4 NE 1/4 of Section 28 Township 77 North Range 22 West of the fifth PM exact legal taken from the abstract.
From the corner of 220th Avenue and Highway 5 on the east edge of Hartford go south. Tract one will be 3/4 of a mile on the east side of the road and tract two will be just a 1/2 mile south of Highway 5 on the west side of the road.
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