138 Acres Clay County, Iowa, IA - Riverton Township

Sold

138 Acres Clay County, Iowa, IA - Riverton Township

SOLD

Selling Price: $10,800/acre

Sale Date: Saturday, February 23, 2013 10:00 AM

Sale Location: Royal Community Center, 302 Main Street, Royal, Iowa

Documents and Maps

Property Location

1 1/2 miles east of Royal, IA on County Blacktop B-40 and 2 1/2 miles north on 170th Avenue.

Legal Description

The Northwest Quarter (NW 1/4) of Section Twenty-nine (29), Township Ninety-six (96) North, Range Thirty-seven (37), West of the 5th P.M., Clay County, Iowa, except 21.81 acres in the East Half of the Northwest Quarter (E 1/2 NW 1/4).

FSA Information

Total Acres: 138 ac. m/l

Tillable Acres: 135.3 ac.

Corn Base: 66.9 ac.

Corn DD/CC Yield: 123/128 bu.

Soybean Base: 66.8 ac.

Soybean DD/CC Yield: 41/49 bu.

Surety/Agridata Avg. CSR1

73.8

Real Estate Taxes

Taxable Acres: 134.8 ac.

Taxes: $3358 Annually

Terms

10% earnest money down day of sale. Balance due at closing on or before March 29, 2013. Real estate taxes to be prorated to December 31, 2012. All final bids are subject to approval of Seller.

Possession

Possession is subject to a cash lease for 2013. Buyer will receive 100% of the 2013 rent.

Comments

Midwest Land Management is pleased to be selling this Royal area farm at public auction for 4N Acres Partnership. This farm is located within close proximity to local grain markets in nearby Royal and Spencer. What a great opportunity to start 2013 by investing in this attractive all-tillable farm. Give us a call today with any questions. We look forward to seeing you at the auction.

Listing Agent

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