75 and 130 Acres Palo Alto County, Iowa, IA - Lost Island and Walnut Townships

Sold

75 and 130 Acres Palo Alto County, Iowa, IA - Lost Island and Walnut Townships

SOLD

Selling Price: Parcel A: $8,825; Parcel B: $5,850

Sale Date: Tuesday, April 9, 2013 10:00 AM

Sale Location: Ruthven Social Center, 1503 Rolling Street, Ruthven, Iowa

Documents and Maps

Property Location

Parcel A: 3 miles east of Ruthven on Hwy. 18 and 3-1/2 miles north on 380th Avenue.
Parcel B: 5 miles east of Ruthven on Hwy. 18 and 3-1/2 miles north on 400th Avenue.

Legal Description

Tract 1: The South Half of the Northeast Quarter (S 1/2 NE 1/4) of Section Thirty-four (34), Township Ninety-seven (97) North, Range Thirty-four (34), West of the 5th P.M, Palo Alto County, Iowa, excluding building site.

Tract 2: The Northwest Quarter (NW 1/4) of Section Thirty-one (31), Township Ninety-seven (97) North, Range Thirty-three (33) West of the 5th P.M., Palo Alto County, Iowa excluding building site and the south 15 acres of the Southeast Quarter of the Northwest Quarter (SE 1/4 NW 1/4).

Method of Sale

Parcel A will be sold first with sale of Parcel B immediately following.

FSA Information

Total Acres: Parcel A: 75 ac. m/l
Parcel B: 130 ac. m/l

Tillable Acres: Parcel A: 75.8 ac.
Parcel B: 77.0 ac. est.

CRP Acres: Parcel B: 17.2 ac. - Annual CRP Contract Payment Amount: $2,148

Grass/Waterway: Parcel B Pasture Acres: 35.8 ac.

Corn Base: Parcel A: 37.0 ac.
Parcel B: 36.7 ac.

Corn DD/CC Yield: Parcel A: 118/118 bu.
Parcel B: 113/113 bu.

Soybean Base: Parcel A: 32.1
Parcel B: 20.4

Soybean DD/CC Yield: Parcel A: 32/32 bu.
Parcel B: 32/32 bu.

Surety/Agridata Avg. CSR1

Tract 1: 69.2

Tract 2: 58.9 (Tillable Acres Avg. CSR: 61.4)

Real Estate Taxes

Taxable Acres: Parcel A: 75.06 ac.
Parcel B: 128.86 ac.

Taxes: Parcel A: $1,942
Parcel B: $2,078

Terms

10% earnest money down day of sale. Balance due at closing on or before May 10, 2013. Real estate taxes to be prorated to December 31, 2012.

Possession

Possession is subject to a cash lease for 2013. Buyer receives 100% of 2013 cash rent. All final bids are subject to approval of Seller.

Comments

Midwest Land Management is pleased to be selling the farms locally known as the Einer and Dorothy Appel farms at public auction. Land buyers, here is an excellent opportunity to purchase an all-tillable 75 acre farm or a 130 acre farm blended with row crop, pasture and CRP acres. These farms are located between Ruthven and Emmetsburg which both provide grain marketing opportunities. We look forward to seeing you at the auction!

Listing Agent

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