133 ACRES - 2 Tracts Clay County, Iowa, IA - Peterson Township

Sold

133 ACRES - 2 Tracts Clay County, Iowa, IA - Peterson Township

SOLD

Selling Price: Parcel A: $10,300 per acre; Parcel B: $8,750 per acre

Sale Date: Thursday, May 21, 2015 10:00 AM

Sale Location: American Legion Hall, 101 East 2nd Street, Peterson, Iowa

Documents and Maps

Property Location

Parcel A:1-1/4 miles north of Peterson, Iowa on M27
Parcel B:1-1/2 miles north of Peterson, Iowa on M27 and 1/4 mile east on 490th Street

Legal Description

Tract 1: The Fractional Northeast Quarter (Fr. NE 1/4) of Section Twenty-Eight (28), Township Ninety-four (94) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa. (All land lying north of surveyed parcels A, B, C, D, and E)

Tract 2: The Southeast Quarter of the Southeast Quarter (SE 1/4 SE 1/4) of Section Twenty-one (21), Township Ninety-four (94) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

Method of Sale

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

Combined FSA

Tillable Acres: 123.60 ac.

Corn Base: 85 ac.

Corn DD/CC Yield: 123/123 bu.

PLC Corn Yield: 165 bu.

Soybean Base: 38.60 ac.

Soybean DD/CC Yield: 34/34 bu.

PLC Soybean Yield: 47 bu.

Soils

Tract 1: McCreath, Sac, Everly-Moneta, Moneta and Afton

Tract 2: McCreath, Sac and Moneta

Surety/Agridata Avg. CSR2

Tract 1: 95.8

Tract 2: 93.9

Surety/Agridata Avg. CSR1

Tract 1: 80.1

Tract 2: 73.9

Real Estate Taxes

Tract 1 Taxable Acres: 90.76 ac.

Tract 1 Taxes: $2404

Tract 2 Taxable Acres: 39.45 ac.

Tract 2 Taxes: $816

Terms

10% earnest money down day of sale. Balance due at closing on or before June 25, 2015. Real estate taxes to be prorated to January 1, 2015. Buyer to receive 100% of the 2015 cash rent due January 1, 2016. All final bids are subject to approval of seller.

Comments

Land buyers, here is an excellent opportunity to purchase two hard-to-find, high-quality tracts of farmland in the Peterson area. Tract 1 is a highly tillable farm with outstanding soils. Tract 2 has excellent soils on the tillable portion of the farm; the northeast side of the farm contains approximately 7 acres of wooded land. Please give us a call today with any questions. We look forward to seeing you at the auction!

Listing Agent

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