Sold Price:
$1,759,500
Auction Location
UPDATE: This will now be an ON-SITE auction located at the farms due to the Covid-19 situation and not the Meadowbrook Country Club. Bid out of the comfort of your vehicle, on the phone or online. NEW TIME 10:30 am
Attendess must remain in their vehicle while at the auction. Only limited LandProz staff will be outside to call the auction and recieve bids.
Purchase agreements will be signed electronically.
Brochures will not be handed out so please print and bring with or have the farm information on your phone or device.
Tract 1
Total Acres: 113.62
Legal Description: W 3/4 of the SW 1/4 of Section 21 of Bethel Township in Fayette County, Iowa
PID #: 0521300007
Real Estate Taxes: $3,576
FSA Cropland Acres: 106.94
CSR 2: 88.1
Corn Base Acres: 72.88
Corn PLC Yield: 162
Soybean Base Acres: 22.49
Soybean PLC Yield: 44
Tract 2
Total Acres: 116.66
Legal Description: W 1/2 of the NE 1/4 & NE 1/4 of the NW 1/4 of Section 28 of Bethel Township in Fayette County, Iowa
PID #: 0528200005
Real Estate Taxes: $3,820
FSA Cropland Acres: 117.40
CSR 2: 88.5
Partially Tiled – See Map
Corn Base Acres: 80.01
Corn PLC Yield: 162
Soybean Base Acres: 24.69
Soybean PLC Yield: 44
Wind Right Payment: $1,352 for 2020 and contract goes until 2042. Total contract payment for 2012 to 2042 is $51,669
Total acres were sourced from the tax statements and cropland acres from the FSA documents. As you may notice Tract 2 has more cropland acres than total acres, this is correct.
Terms
$75,000 (non-refundable) down on each tract the day of the sale. Balance due at closing. Cropland is rented for the 2020 growing season. Possession of the cropland will take place as soon as present tenant’s crops are out. Any statement made the day of the auction takes precedence over previous material. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor seller guarantees its accuracy. 2 % buyer’s fee will apply. Tracts will be sold using the buyer’s choice method.
Closing Date
On or about September 1, 2020 with physical possession being as soon as 2020 tenants crops are removed.
