Selling Price: Parcel A: $10,700 per acre; Parcel B $10,500 per acre Parcel C- $228,000
Sale Date: Wednesday, August 26, 2015 10:00 AM
Sale Location: Sale to be held at farm located at 3655 190th Avenue, Spencer, Iowa
Tract 1: The South Half of the Southeast Quarter (S 1/2 SE 1/4) of Section Twenty-one (21), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa.
Tract 2: The North Half of the Southeast Quarter (N 1/2 SE 1/4) of Section Twenty-one (21), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa excluding building site.
Tract 3: 7 Acre Acreage Located In The Northeast Quarter of the Northeast Quarter of the Southeast Quarter (NE 1/4 NE 1/4 SE 1/4) of Section Twenty-one (21) in Township Ninety-six (96) North of Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey.
Choice of Parcel A & B. Parcel C to be sold after Parcel A & B.
Iowa Lakes Regional Water, Iowa Lakes Electric Coop
Spencer Community Schools
Tillable Acres: 150.27 ac.
Corn Base: 74.4 ac.
PLC Corn Yield: 172
Soybean Base: 73.1 ac.
PLC Soybean Yield: 49
Tract 1: Everly, Rushmore and Ransom Tract 2: Wilmonton, Everly, Ransom, Rushmore, Letri, Dickinson and Afton
Tract 1: 91.7
Tract 2: 91.1
Tract 1: 73.4
Tract 2: 73.6
Tract 1 Taxes: $2,044
Tract 2 Taxes: $2,148 (estimated)
Tract 3 Taxes: $900 (estimated)
10% earnest money down day of sale. Balance due at closing on or before October 5, 2015 for acreage and on or before November 9, 2015 for farmland. Real Estate Taxes will be prorated to January 1, 2016. Buyer to bring septic system to current Iowa code. Buyer to have full possession after the 2015 crop has been removed. All final bids are subject to approval of seller.
Attention Land Buyers & Acreage Buyers, here is an excellent opportunity to purchase 2 highly tillable, productive parcels of farmland and or classic farm acreage within 5 miles of Spencer, IA. The Clausen property is located on a hard surfaced road and has been very well cared for. The farmland is very productive and would make an excellent investment property. Make plans to attend this land auction.