171 ACRES - 2 Parcels Clay County, Iowa, IA - Lake Township

Sold

171 ACRES - 2 Parcels Clay County, Iowa, IA - Lake Township

SOLD

Selling Price: Parcel A: $8,100 per acre; Parcel B: $7,775 per acre

Sale Date: Wednesday, July 8, 2015 10:00 AM

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

Documents and Maps

Legal Description

Tract 1: The South Half of the Northeast Quarter (S 1/2 NE 1/4) and the North Half of the Southeast Quarter (N 1/2 SE 1/4) except building site, Section Thirty-three (33), Township Ninety-seven (97) North, Range Thirty-five (35) West of the 5th P.M., Clay County, Iowa.

Tract 2: Lot Four (4) of Section Thirty-four (34), Township Ninety- seven (97) North, Range Thirty-five (35) 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: 165.65 ac.

CRP Acres: Parcel B CRP Acres: 5.9 ac.; Annual CRP Contract Payment: $1,838

Corn Base: 85.30 ac.

Corn DD/CC Yield: 123/123 bu.

Soybean Base: 73.20 ac.

Soybean DD/CC Yield: 34/34 bu.

Soils

Tract 1: Webster, Canisteo, Nicollet, Clarion, Okoboji, Harps and Wadena

Tract 2: Canisteo, Nicollet, Okoboji, Clarion and Aquolls

Surety/Agridata Avg. CSR2

Tract 1: 82.9

Tract 2: 78

Surety/Agridata Avg. CSR1

Tract 1: 73.3

Tract 2: 69.6

Real Estate Taxes

Tract 1 Taxable Acres: 143

Tract 1 Taxes: $3260

Tract 2 Taxable Acres: 23.50

Tract 2 Taxes: $512

Terms

10% earnest money down day of sale. Balance due at closing on or before November 4, 2015. Real estate taxes to be prorated to December 31, 2015. Possession is subject to cash rent lease for 2015 crop year. Sellers to retain 100% of the 2015 cash rent. All final bids are subject to approval of seller.

Comments

Land buyers, here is an excellent opportunity to purchase 145 acres or 26 acres in Clay County, Iowa. Parcel A is a highly-tillable tract of productive farmland with very good soils. Parcel B contains a blend of row crop and CRP acres and adjoins the west side of Round Lake. Make plans to attend this auction!!

Listing Agent

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