400 Acres - 7 Tracts Clay County, IA - Clay Township

Sold

400 Acres - 7 Tracts Clay County, IA - Clay Township

SOLD

Selling Price: Tract 1: $11,100 per acre; Tract 2: $12,200 per acre; Tract 3: $12,200 per acre; Tract 4: $7,700 per acre; Tract 5: $8,800 per acre; Tract 6: $10,200 per acre; Tract 7: $151,000

Sale Date: Friday, February 23, 2018 10:00 AM

Sale Location: Royal Community Center, 302 Main Street, Royal, Iowa

Address: 1230 410th St., Royal IA

Open House: Tuesday, February 6 - from 4:30 pm to 6:00 pm

Documents and Maps

Description

Attention land buyers & acreage buyers - opportunities like this rarely come along. Buyers will have their choice of 6 different tillable tracts of land. Acreage buyers will have the oportunity to purchase a well-built, well-cared for acreage with a very peaceful setting. The Brower farms are highly tillable with very productive soil types.  These Royal area farms will prove to be an excellent investment for the long term whether you are a landlord or an owner operator. Make plans to attend this auction on February 23, 2018.

Property Location

2 miles west of Royal, Iowa on B40, 1 mile south on M27 and 1/2 mile west on 410th Street.

Legal Description

Tract 1: The Northeast Quarter of the Southeast Quarter (NE¼ SE¼) of Section Eight (8) and The West Three Hundred Thirty Feet (330’) of the Southwest Quarter (SW ¼) of Section Nine (9) all in Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa. 

Tract 2: The East Nine Hundred Ninety Feet (990’) of the West Half of the Southwest Quarter (W ½ SW ¼) of Section Nine (9) Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

Tract 3: The East Half of the Southwest Quarter (E½ SW¼) of Section Nine (9) Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa. Excluding a 5 acre acreage.

Tract 4: The Northeast Quarter of the Northwest Quarter (NE¼ NW¼) of Section Sixteen (16) Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

Tract 5: The East Half of the Northeast Quarter (E½ NE¼) of Section Seventeen (17) Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

Tract 6: The West Half of the Northeast Quarter (W½ NE¼) of Section Seventeen (17) Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.

Tract 7: A 5 acre m/l tract of land in the Southeast Quarter of the Southwest Quarter (SE¼ SW¼) of Section Nine (9) Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.  (Exact legal to be taken from survey.)


FSA Information

Tracts 1-6 Combined:
Cropland: 378.04 
Corn Base Acres: 191              Corn PLC Yield: 179 bu.
Soybean Base Acres: 185.80    Soybean PLC Yield: 48 bu.

Soils

Tract 1: McCreath, Sac & Rushmore
Tract 2: McCreath, Gillett Grove, Rushmore and Sac
Tract 3: McCreath, Sac & Gillett Grove
Tract 4: Colo, Fairhaven, Gillett Grove & May City
Tract 5: McCreath, Sac, Colo and Afton
Tract 6: Colo, McCreath, Gillett Grove, Afton & Sac

Surety/Agridata Avg

Tract 1: 
Surety/AgriData Avg. CSR2: 93.9
Surety/AgriData Avg. CSR1: 77.6

Tract 2:
Surety/AgriData Avg. CSR2: 95.0
Surety/AgriData Avg. CSR1: 79.6

Tract 3: 
Surety/AgriData Avg. CSR2: 97.1
Surety/AgriData Avg. CSR1: 80.6

Tract 4: 
Surety/AgriData Avg. CSR2: 78.3
Surety/AgriData Avg. CSR1: 68.6

Tract 5: 
Surety/AgriData Avg. CSR2: 90.2
Surety/AgriData Avg. CSR1: 75.4

Tract 6: 
Surety/AgriData Avg. CSR2: 94.0
Surety/AgriData Avg. CSR1: 78.6


Real Estate Taxes

Tract 1: $1,717
Tract 2: $1,645
Tract 3: $2,207
Tract 4: $888
Tract 5: $2,024
Tract 6: $2,228
Tract 7: $1,033

Method of Sale

Successful bidder will have choice of Tracts 1-6 with Tract 7 (acreage) being sold immediately following.

Possession

Possession at closing, subject to a cash rent lease for 2018.

Terms

10% earnest money down day of sale. Balance due at closing on or before April 5, 2018. Real estate taxes to be prorated to December 31, 2017. Buyer of Tract 7 will be responsible to bring septic system to current Iow code. All final bids are subject to approval of seller.

Comments

Tract 7 Acreage- This acreage has been well cared for and features a 1472 sq. ft. ranch style home, attached two car garage, 42' x 42' steel utility building, 42' x 60' steel utility building and (10) 4,000 bushel bins. It would make an excellent acreage for any buyer.

Listing Agent

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