354 ACRES in 6 Tracts Clay County, Iowa, IA - Riverton & Summit Townships

Sold

354 ACRES in 6 Tracts Clay County, Iowa, IA - Riverton & Summit Townships

SOLD

Selling Price: Tract 1: $6,300 per acre; Tract 2: $7,200 per acre; Tract 3: $7,200 per acre; tract 4: $6,300 per acre; Tract 5: $875 per acre; Tract 6: $164,000

Sale Date: Wednesday, November 11, 2015 10:00 AM

Sale Location: Clay County Regional Events Center, 800 W. 18th St., Spencer, IA

Documents and Maps

Key Features

  • 1754 Sq. Ft. Home
  • 42' x 60' Morton Building with heat, insulation and fully concreted
  • 54' x75' Morton Building

Property Location

2075 330th Street, Spencer, Iowa

Legal Description

Tract 1: The Southwest Quarter of the Southeast Quarter (SW 1/4 SE 1/4) Section Thirty-Five (35), Township Ninetyseven (97) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa.

Tract 2: The West Half of the Northwest Quarter (W 1/2 NW 1/4) Section Two (2), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Excluding three parcels. Exact legal to be taken from survey.

Tract 3: The East Half of the Northwest Quarter (E 1/2 NW 1/4) Section Two (2), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey.

Tract 4: The West Half of the Northeast Quarter (W 1/2 NE 1/4), Pt. Northwest Quarter of the Southeast Quarter (Pt. NW 1/4 SE 1/4) and Pt. East Half of the Northeast Quarter (Pt. E 1/2 NE 1/4) Section Two (2), Township Ninety-six (96) North, Range Thirtyseven (37) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey.

Tract 5: Part of the Northeast Quarter (Pt. NE 1/4) and part of the Southeast Quarter (Pt. SE 1/4) Section Two (2), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey.

Tract 6: Part of the East Half of the Northeast Quarter (Pt. E 1/2 NE 1/4) Section Two (2), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey.

Tract 1 FSA Information

Total Acres: 40 Acres m/l Summit Township

Tillable Acres: 39.2 ac. (est.)

Tract 2 FSA Information

Total Acres: 61 Acres m/l Riverton Township

Tillable Acres: 57.7 ac. (est.)

Tract 3 FSA Information

Total Acres: 70 Acres m/l Riverton Township

Tillable Acres: 69.1 ac. (est.)

Tract 4 FSA Information

Total Acres: 90 Acres m/l Riverton Township

Tillable Acres: 87.6 ac. (est.)

Tract 5 FSA Information

Total Acres: 83 Acres m/l Riverton Township

WRP Acres: There are 66.92 acres of WRP located on Tract 5. This is a permanent Wetland Easement.

Tract 6 FSA Information

Total Acres: 10 Acres m/l Riverton Township

Combined FSA

Cropland Acres: 261.55

Corn Base: 141.5

PLC Corn Yield: 121

Soybean Base: 118.4

PLC Soybean Yield: 38

Soils

Tract 1: Cylinder & Wadena

Tract 2: Talcot, Wadena & Cylinder

Tract 3: Wadena, Talcot, & Cylinder

Tract 4: Wadena, Talcot & Cylinder

Surety/Agridata Avg. CSR2

Tract 1: 56.5

Tract 2: 52.2

Tract 3: 57.4

Tract 4: 54.9

Surety/Agridata Avg. CSR1

Tract 1: 60.4

Tract 2: 59.9

Tract 3: 64.2

Tract 4: 60.8

Real Estate Taxes

Tract 1 Taxes: $726 (estimated)

Tract 2 Taxes: $990 (estimated)

Tract 3 Taxes: $1290 (estimated)

Tract 4 Taxes: $1496 (estimated)

Tract 5 Taxes: $930 (estimated)

Tract 6 Taxes: $1,886 (estimated)

Terms

10% earnest money down day of sale. Balance due at closing on or before December 15, 2015. Real estate taxes to be prorated to January 1, 2016. Seller to be responsible to bring the septic system on the house to current Iowa Code. The home is being sold as is with no warranties or guarantees. Seller to retain 100% of the 2015 cash rents. Farm is available for the 2016 crop season. All final bids are subject to approval of seller.

Comments

Attention Land Buyers, Developers, Outdoor Enthusiasts and Acreage Buyers, here is an excellent opportunity to own land on the edge of Spencer. There is absolutely something for everyone on this auction - 4 highly tillable tracts of land, WRP to provide outdoor recreation and an acreage within minutes of downtown Spencer. Excellent road frontage in a progressive and growing part of town. Make plans to attend this auction.

Listing Agent

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