LYON COUNTY, IA LAND AUCTION
203.96 +/- Acres, Larchwood Twp
Monday Nov 20, 2017 10:30 AM
TRACT 1 SOLD FOR $1,350,000
TRACT 2 SOLD FOR $14,100 PER ACRE
TRACT 3 SOLD FOR $14,600 PER ACRE
To be sold in 3 separate Tracts
Tract 1- 80.63 Acre Approximately 2300 head Feedlot with 57’ x 500’ slat/cattle barn built new in 2012, 94’ x 72’ shop, Updated Home, Bunker, Hoop barns, several Cattle yards with several yards of concrete and much more & 42.32 tillable Acres
Tract 2-80.62 Acres of Farmland
Tract 3: 80.50 Acres of Farmland
Location: 1234 Chestnut Ave. Larchwood, IA. or from the ball diamonds on the East end of Larchwood, IA adjacent to Hwy 182 go 1 ½ miles North on Blacktop K16/Chestnut Ave.—Properties are located on the East side of Chestnut Ave.
Auctioneers Note: As Howard and Wanita Koedam are discontinuing their farming operation we are honored to represent them in selling this excellent property. If you are looking for an opportunity to either begin a new or expand a current cattle operation and also purchase some excellent High Quality Lyon County, IA Farmland then plan to attend the Open Houses and view these properties as opportunities of this nature are rare and hard to find.
Legal Description of Tract 1: Parcel A, C & D in the NW ¼ of Section 20, Twp 100N, Range 47W of the 5th P.M. Lyon County, IA. subject to public Highways and any/all easements of record.
General Description of Tract 1: According to survey, this property will consist of 80.63 acres which includes 42.32 Acres of tillable Farmland which is surveyed separately and the balance consists of building site and feedlot. This property features a 57’ x 500’ 10 pen total slat cattle barn with pit w/Verns Work Tub chute system with Foremost headgate which was built in 2012. This barn also has a 7,000 gal water supply tank which is supplied by a 400’ deep well. This property also has several outside cattle yards with several yards of concrete and several fountains. This property has the capacity for-2300 head of cattle. This property also has a large capacity pump to control runoff which pumps the runoff from the feedlot to earthen basins on east side of feedlot. The property site plan with the DNR is currently up to date. This property also includes an 80’ x 70’ shop which is primarily insulated and heated and was built in 2009 with infloor heat and 2-24’ x 13.6’ overhead doors. This shop also has a stool/sink. This property also features a 40’ x 60’ machine shed with concrete floor. This property has 2—35’ x 45’ hoop barns with concrete floors and also a 45’ x 100’ cement bunker. This property has 1- 20,000 gal and 2 approx. 14,000 gal underground syrup tanks with pumps. There is an older barn with 22’x 37’ working facilities with Foremost squeeze chute. This property has a 30’ x 18’ dryer bin. This property has Rural Water and 2—wells—1-shallow well and 1—400’ deep well-currently used for livestock. This property has an updated 2 story home which features vinyl siding and steel roof-new in 2007. This home includes on the main floor a kitchen with updated Oak cabinets which were new in 2000, large living room, full bath with shower, main floor laundry. The 2nd story includes 3 bedrooms and full bath with tub. This home has a double attached insulated garage which was new in 2000. This home has predominately newer windows and is well maintained. This home has an unfinished basement. This property features a propane Tempstar forced air furnace and central a/c. This Property is serviced by Lyon REC and Lyon/Sioux Rural Water. The sellers will install a new septic system for home per Iowa code at seller’s expense. The shops septic passes inspection per Iowa code. The tillable acres on this parcel contain approximately 42.32 tillable acres with the balance in road/ditch. The predominant soil types include: 410b, 410C2-Moody, 430-Ackmore and 910B-Trent. This farm has a CSR2 of 69.1 and a CSR1 of 66.1. This farm is classified as non-hel. This farm has a corn base and soybean base combined with adjoining farm with a plc yield of 194 bu on corn and a plc of 51 bu on soybeans. Tract 1 will be sold in total dollars as 78.95 acres, not per acre. This is the opportunity of a lifetime to purchase a working cattle operation with quality farmland!!!
Legal Description of Tract 2: Parcel E in the NW ¼ of Section 20-100N, Range 47W of the 5th P.M. Lyon County, IA. –subject to public roads and any/all easements of record.
General Description of Tract 2: According to survey, this property contains 80.62 gross acres. According to Lyon County FSA, this property features approx. 77.28 tillable acres with the balance in road and ditch and small tree area. This is an outstanding excellent high quality Lyon County, IA. farm. The predominant soil types include: 410B, 410C2, 410B2-Moody, 430-Ackmore and 910B-Trent. This farm has a CSR2 of 68.3 and a CSR1 of 62.7. The topography of this farm is gently rolling. This farm has been well maintained and is farmed in ½ mile rows. This farm has a corn base and soybean base combined with adjoining farm with a plc yield of 194 bu on corn and a plc of 51 bu on soybeans. This farm is classified as non-hel. If you are looking for an excellent Lyon County parcel of farmland—don’t miss this one!!!
Legal Description of Tract 3: Parcel F in the NE ¼ of Section 20, Twp 100N, Range 47W of the 5th P.M. Lyon County, IA. –subject to public roads and any/all easements of record.
General Description of Tract 3: According to survey, this property contains 80.50 gross acres. According to Lyon County FSA, this property features approx. 79.50 tillable acres with the balance in road and ditch. This is an outstanding excellent high quality Lyon County, IA. Farm. The predominant soil types include: 410B, 410B2, 410c2-Moody, 910B-Trent, 430-Ackmore and 401C2-Crofton. This farm has a CSR2 of 68.5 and a CSR1 of 65.2. The topography of this farm is gently rolling. This farm has been well maintained and is farmed in ½ mile rows and is 99% tillable. This farm has a corn base and soybean base combined with adjoining farm with a plc yield of 194 bu on corn and a plc of 51 bu on soybeans. This farm is classified as non-hel. If you are looking for an excellent top notch Lyon County parcel of farmland—don’t miss this one!!!
Open House Dates: Open house will be held on the property on Thursday Oct 19, 2017 from 1:00 P.M. to 3:00 P.M. and Thursday October 26, 2017 from 10:00 A.M. to 12:00 P.M. or by appointment by contacting the agents listed below.
Method of sale: Tract 1 will be sold in total dollars, then tract 2 will be sold bid price per acre and then tract 3 will be sold bid price per acre. Tracts will not be combined.
Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are as follows Tract 1 $4,118.00 , Tract 2 $1,826.00, Tract 3 $1,856.00 per year. Seller will pay the 2017 taxes which are due and payable in March and Sept of 2018.
Possession: Possession of all the tracts will be closing day December 26, 2017.
Terms: Purchaser(s) of all Tracts 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 Dec 26, 2017 when the buyer shall receive a clear and merchantable title to the property. All properties are 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. 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.
Howard & Wanita Koedam–Owners
Darrell Vande Vegte-712-726-3428
Gary Van Den Berg-Sales-712-470-2068
Joel Westra Jr.—605-957-5222