Estate Farmland Auction

186.01 Acres of Viola Twp, Osceola County, IA. Farmland

Sold in 2 separate Tracts

Tract 1: 104.05 Acres—Tract 2: 81.96 Acres

December 6, 2017–10:30 A.M.

 

TRACT 1 SOLD FOR $9,550 PER ACRE

TRACT 2 SOLD FOR $6,975 PER ACRE

 

Location: From the North edge of Little Rock, IA go 3 miles North on HWY L26/Marsh Ave. to 110th St. then go 1 ¼ miles East. Property is located on the North side of 110th St and on the East side of McKinley Ave. AUCTION SIGNS POSTED!! AUCTION WILL BE HELD AT THE SITE OF THE LAND!!

 

Auctioneers Note: We are honored to offer this farmland for the Sylvia Harberts Trust. This is an excellent opportunity to purchase some high quality Osceola County, IA farmland! This farmland has been in the Harbert’s family for many years! Opportunities like this do not come along often as there has been very few farms in this area sold!! Make plans today to attend and add this farm to your current operation or investment portfolio!!

 

Abbreviated Legal Description of Tract 1: Parcel D in the Fractional West ½ of Section 7, Township 100 North, Range 42, West of the 5th P.M., Osceola County, IA –Subject to public roads and any/all easements of record.

 

General description of Tract 1: According to the Osceola County Assessor, this property contains 104.05 gross surveyed acres. According to the Osceola County FSA this tract currently has approx. 96.53 tillable acres with the balance in grass area/alleyway and .91 acres of CRP which expires on 9/30/2022 with an annual payment of $177.26 and road/ditch. Buyer will assume CRP Contract and will indemnify and hold sellers harmless on CRP contract terms. This tract of farmland has 3,175’ of drainage tile which was installed in 2011. This farm has a corn base and soybean base combined with tract 2 with a PLC yield of 172 bu on corn and with a PLC yield of 46 bu on beans. FSA will do a reconstitution on base acres after farm is sold. This farm is classified as Non-HEL. This farm is enrolled in the Arc county program. The predominant soil types include: 577B, 577C-Every, 456-Wilmonton, 396, 397-Letri, 735-Havelock, 203-Cylinder, 433E2, 433D2-Storden, 77B-Sac. The average CSR2 is 88.2 and the average CSR1 is 71.2. This farm has excellent quality soils. This farm appears to have a good state of productivity and is well managed. This farm’s topography is gently rolling. Make plans today to attend this auction!!!

 

Legal Description of Tract 2: Parcel E in the Fractional W ½ of Section 7, Township 100 North, Range 42, West of the 5th P.M., Osceola County, IA– Subject to public roads and any/all easements of record.

 

General Description of Tract 2: According to the Osceola County Assessor, this property contains 81.96 gross surveyed acres. According to Osceola County FSA this farm currently has approx. 61.13 tillable acres and approx. 15.11 acres of pastureland and approx. 2.79 acres of CRP which expires on 9/30/2022 with an annual payment of $543.49 and road/ditch. Buyer will assume CRP Contract and will indemnify and hold sellers harmless on CRP contract terms.  This farm has a corn base and soybean base combined with tract 1 with a PLC yield of 172 bu on corn and with a PLC yield of 46 bu on beans. FSA will do a reconstitution on base acres after farm is sold. This farm is classified as Non-HEL . This farm is enrolled in the Arc county program. The predominant soil types include: 577B-Every, 735-Havelock, 456-Wilmonton, 433D2, 433G-Storden, 396, 397-Letri, P30B-Sac, P29A-Rushmore, P12B-Everly. The average CSR2 is 83.6 and the average CSR1 is 66.6. This farm appears to have a good state of productivity and is well managed. This farm’s topography is gently rolling.  Make plans today to attend this auction!!!

 

Method of sale; Tract 1 will be offered then Tract 2 will be offered. Tracts will not be combined. Will be sold final bid price x gross surveyed acres

 

Taxes: The current Real Estate Taxes according to the Osceola County Treasurer for Tract 1 are $2,268.00 per year and for Tract 2 are $1,760.00 per year. Seller will pay the 2017 taxes which are due and payable in March and Sept of 2018.

 

Possession: Possession of the farmland will be March 1, 2018.

 

Terms: Purchaser(s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before Jan 18, 2018 when the buyer shall receive a clear and merchantable title to the property. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. –Paul Kippley–attorney for sellers.

 

Sylvia Harberts Trust—Owner

 

Auctioneers:

Mark Zomer-712-470-2526

Kevin Klaassen-712-754-3500

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-Sales-712-470-2068

Blake Zomer-712-460-2552

Joel Westra—605-310-6941

Joel Westra Jr.—605-957-5222

Pete Atkins-605-351-9847