Story County, IA

150th Street & 560th Avenue
Story City, IA 50248

80 Acres M/L

Listing #: 14511

Agents

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PROPERTY INFO

Description

High quality farm located in strong farming area!  Offering 80 acres m/l of productive Story County farmland to be sold at public auction.  The auction will take place on Thursday, June 13th, 2019 at 10:00 AM and to be held at the Fairview Lodge in Story City, Iowa. 

The farm is located just south of Story City, Iowa  and consists of 74.15 FSA tillable acres with a CSR2 value of 87.5.  Primary soil types include Kossuth Silty Clay Loam, Ottosen Clay Loam, and Clarion Loam. This tract would be a great add on to an existing farming operation or a Buyer wanting to diversify their portfolio.  Several grain marketing options nearby with both ethanol plants and grain elevators / cooperatives.  The farm is currently leased for the 2019 crop year and the Winning Bidder will receive a credit for the 2019 cash rent prorated to the Closing Date. Contact agent for details.  This property is conveniently situated just minutes away from the cities of Story City and Roland and easy access to Interstate 35 and US Hwy 69.  The property is located on the northwest corner of 150th Street and 560th Avenue in Section 25 of Lafayette Township in Story County, Iowa.

Legal Description

The East One Half of the Southeast One Quarter (E 1/2 SE 1/4) of Section Twenty-five (25), Township Eighty-five (85) North, Range Twenty-four (24) West of the 5th P.M., Story County, Iowa. Exact legal to be taken from abstract. 

Farm Details

Farm Program Information:
FSA Cropland Acres: 74.15
Corn: 51.60 Base Acres with a PLC Yield of 164
Soybeans: 22.55 Base Acres with a PLC Yield of 45
Farm is enrolled in ARC-CO

  • Sign On Property: Yes
  • MLS Number: 581867
  • Parcel Number: 0125400400, 0125400200
  • School District: Roland-Story Community Schools
  • General Area: South of Story City, Iowa
  • Net Taxes: $2,072.00
  • Online Bidding: Yes
  • Auction Date: Jun 13, 2019
  • CSR2: 87.50
  • Possession: At Closing, Subject to Farm Tenants Rights
  • Terms: Cash/Conventional

Directions

From Story City, Iowa: Travel south on Hillcrest Drive / Co Rd R61 for 1.5 miles.  Road will turn into 560th Avenue and continue for 1.5 miles until property.  Property is located on the west (right) side of the road.  Look for signs.


Auction Details

Story County Land Auction
80 Acres M/L
Offered in One Tract
Thursday June 13th, 2019
10:00 AM

Seller:
The Estate of Berva D. Doolittle-Mills

Attorneys:
Jim P. Robbins
Boone, Iowa

Auction Location:
Fairview Lodge
Grove Avenue
Story City, Iowa 50248

Auction Method: Property will be offered as one individual tract. All bids will be on a price per acre basis.

Farm Program Information: Farm Program Information is provided by the Story County Farm Service Agencies. 

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, July 26th, 2019. 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 given at Closing, Subject to Tenants Rights.

Farm Lease: Farm has been leased for 2019. (Lease term March 1, 2019 through February 28th, 2020). Winning Bidder to receive a credit for 2019 cash rent at Closing and prorated to the day of closing. 

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.


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