189 Acres Emmet County, Iowa, IA - Twelve Mile Lake Township

Sold

189 Acres Emmet County, Iowa, IA - Twelve Mile Lake Township

SOLD

Selling Price: Parcel A: $9,825/acre; Parcel B: $9,700/acre; Parcel C: $7,500/acre

Sale Date: Thursday, November 15, 2012 10:00 AM

Sale Location: Terril Library, 115 N. State Street, Terril, Iowa

Documents and Maps

Property Location

Parcels A and B are located 1 mile north of Terril and 3 miles east on 220th Street (A34). Parcel C is 1/2 mile east of Parcel A and 1/2 mile south on 350th Avenue.

Legal Description

Tract 1: The Fractional Northwest Quarter (Fr. NW 1/4) of Section Seven (7), Township Ninety-eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, IA, excluding building site.

Tract 2: The South Part of Fractional Northwest Quarter of Southwest Quarter (Fr. NW 1/4 SW 1/4) and Fractional Southwest Quarter of Southwest Quarter (Fr. SW 1/4 SW 1/4) of Section Six (6), Township Ninety-eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, IA.

Tract 3: The South Part of the Southwest Quarter of the Northwest Quarter (SW 1/4 NW 1/4) and the South Part of the Southeast Quarter of the Northwest Quarter (SE 1/4 NW 1/4) of Section Eight (8), Township Ninety-Eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, IA.

Method of Sale

Parcels A, B, and C will be sold with successful bidder having choice of any or all parcels.

Combined FSA

Total Acres: 189 ac. m/l - Parcel A: 125.0 ac. m/l; Parcel B: 36.0 ac. m/l; Parcel C: 28.0 ac. m/l

Tillable Acres: 184.0 ac.

Corn Base: 94.4 ac.

Corn DD/CC Yield: 118/118 bu.

Soybean Base: 86.4 ac.

Soybean DD/CC Yield: 33/33 bu.

Surety/Agridata Avg. CSR1

Tract 1: 74.9

Tract 2: 68.7

Tract 3: 72.0

Real Estate Taxes

Taxable Acres: Parcel A: 120.56 ac.; Parcel B: 33.45 ac.; Parcel C: 27.58 ac.

Taxes: Parcel A: $2782; Parcel B: $776; Parcel C: $600

Terms

10% earnest money down day of sale. Balance due at closing on or before closing December 15, 2012. Real estate taxes to be prorated to December 31, 2012. Possession will be given upon closing. All final bids are subject to approval of Seller.

Listing Agent

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