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
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
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.
Parcel A will be sold first with sale of Parcel B immediately following.
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.
Tract 1: McCreath, Sac, Everly-Moneta, Moneta and Afton
Tract 2: McCreath, Sac and Moneta
Tract 1: 95.8
Tract 2: 93.9
Tract 1: 80.1
Tract 2: 73.9
Tract 1 Taxable Acres: 90.76 ac.
Tract 1 Taxes: $2404
Tract 2 Taxable Acres: 39.45 ac.
Tract 2 Taxes: $816
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.
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!