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OWNER
Ruth M. Trampel Trust
AUCTION LOCATION
LandProz.com
or
In-Person at the Klemme Library
204 East Main Street, Klemme IA
OPEN HOUSE DATES
Thursday November 7, 2024 from 3:00-5:30pm
or
Thursday November 14, 2024 from 3:00-5:30pm
PROPERTY ADDRESS
Home address [Tract 1]
1480 Vail Avenue, Klemme IA
PROPERTY DESCRIPTION
LandProz is pleased to present the Ruth M. Trampel Trust Auction in Hancock County, IA. This acreage and highly productive farmland will be offered to the public to bid their price via LandProz AuctionCast at landproz.com. Online bidding will open Friday, November 15, 2024.
This century farm was purchased February 24, 1917 by the Trampel family and is available for sale for the first time in 107 years! This property encompasses approximately 120 +/- deeded acres and 114.38 +/- net taxable acres, featuring valuable tillable farmland as well as an acreage situated along a hard surface road, providing convenient access. The tillable land is particularly noteworthy, boasting a CSR2 soil rating of 83.8 which is above county average, giving this farm excellent productivity for agriculture. This farm not only carries a rich legacy but also presents a fantastic opportunity for those looking to invest in high-quality agricultural land in a desirable location.
Please contact LandProz Auction Manager JJ Wise at 641-420-7355 for more information regarding this auction.
TRACT 1
• 6 +/- Deeded Acres
• 5.72 +/- Net Taxable Acres
• 5 Bedroom & 2 Bathroom
• Acreage
• 2 Story home, built in 1900
• Total square foot: 1,304 sq. ft.
• 36' x 60' Post frame building
• Belmond-Klemme School district
• Real Estate taxes $1,310 [estimated]
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TRACT 2
• 114 +/- Deeded Acres
• 108.66 +/- Net Taxable Acres
• 106.92 +/- Tillable Acres per FSA
• CSR2 of 83.8
• Prominent soil types: Nicollet Clay Loam, Webster Clay Loam & Canisteo Clay Loam
• Century farm
• 2023 Actual Yields: Corn Base 217 / Soy Bean Base 58
• 2022 Actual Yields: Corn Base 264 / Soy Bean Base 63
• New cooperative located in Klemme, IA
• Five Star Coop - Feed Mill located in Klemme, IA
• 5 miles from Klemme, IA
• Possession immediately following closing
• Real Estate taxes $3,086 [estimated]
TERMS
$20,000 down [non-refundable] of earnest money on Tract 1 and $100,000 down [non-refundable] of earnest money on Tract 2, on the day of the auction. We will sell Tract 1 first, hold the bid and sell Tract 2. We will then re-open Tract 1 for bidding if, and only if, the land buyer is interested in the acreage. Acreage buyer has the right to purchase additional acres for the price per tillable established on Tract 2 [up to, but no more than, 5 +/- acres adjacent to property and square]. Tract 1 will sell as one lump sum price and Tract 2 we will use 114 as our multiplier. There will be a Buyer's Premium of 2% added to the final purchase price, on each tract. Tract 1 is sold in "as-is" condition and the septic system is non-compliant. Only approved bidders will be registered to bid. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before December 30, 2024. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee it's accuracy.
