160 Acres - 2 Tracts Osceola County, Iowa, IA - Baker Township

Sold

160 Acres - 2 Tracts Osceola County, Iowa, IA - Baker Township

SOLD

Selling Price: Tract 1: $11,400 per acre; Tract 2: $10,650 per acre

Sale Date: Thursday, March 31, 2016 10:00 AM

Sale Location: American Legion Community Center, 225 Main Street, Melvin, Iowa

Documents and Maps

Property Location

4 miles east of Melvin, Iowa on A48 and 1/2 mile south on L58.

Legal Description

Tract 1: The West Half of the Southeast Quarter (W 1/2 SE 1/4) of Section Twenty-six (26), Township Ninety-eight (98) North, Range Forty (40), West of the 5th P.M., Osceola County, Iowa.

Tract 2: The East Half of the Southeast Quarter (E 1/2 SE 1/4) of Section Twenty-six (26), Township Ninety-eight (98) North, Range Forty (40), West of the 5th P.M., Osceola County, Iowa.

Method of Sale

Successful bidder will have choice of Tract 1, Tract 2 or both tracts.

Tract 1 FSA Information

Tillable Acres: 78.74 ac.

Corn Base: 39.15 ac.

PLC Corn Yield: 186 bu.

Soybean Base: 38.14 ac.

PLC Soybean Yield: 52 bu.

Tract 2 FSA Information

Tillable Acres: 74.28 ac.

Corn Base: 36.93ac.

PLC Corn Yield: 186 bu.

Soybean Base: 35.98 ac.

PLC Soybean Yield: 52 bu.

Soils

Tract 1: Marcus (92), Allendorf (309), Primghar (91), Sac (77)

Tract 2: Marcus (92), Primghar (91) and Allendorf (309)

Surety/Agridata Avg. CSR2

Tract 1: 88.2

Tract 2: 94.7

Surety/Agridata Avg. CSR1

Tract 1: 73.5

Tract 2: 80.6

Real Estate Taxes

Tract 1 Taxable Acres: 78.79 ac.

Tract 1 Taxes: $2,272

Tract 2 Taxable Acres: 75.76 ac.

Tract 2 Taxes: $2,216

Terms

10% earnest money down day of sale. Balance due at closing on or before June 30, 2016. Buyer for Tract 2 will be responsible to bring the septic system to current Iowa code. Real estate taxes to be prorated to July 1, 2016. Buyer to receive the second half of the 2016 cash rent. Line survey has been completed establishing the boundary between Tracts 1 and 2. All final bids are subject to approval of seller.

Comments

Farmers & Investors, here is a great opportunity to purchase two high quality 80 acre tracts of Osceola county farmland at public auction. These Melvin area farms are bordered by county blacktop L58 on the east and gravel road 260th St. on the south. Tract 1 is an unimproved, bare 80 acres with highly productive soils. Tract 1 also contains two county tile lines, which provide drainage for the farm. Tract 2 contains an improved acreage in the southeast portion of the farm, which includes a two-story farmhouse, 36' X 68' Morton Building, (1) 24 x 17 grain bin and (3) government bins. Don't miss your opportunity to purchase these great producing Melvin area farms at public auction. For more information contact Ben Hollesen.

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