182.1 Surveyed Acres Clay County, IA - Summit Township

Land Auction

182.1 Surveyed Acres Clay County, IA - Summit Township

Sale Date: Tuesday, June 12, 2018 2:00 PM

Sale Location: Clay County Fair & Events Center, 800 W. 18th Street, Spencer, Iowa

Documents and Maps

Description

Investors, Farmers & Developers: Wow, these tracts have a lot to offer. The Hart farms are located at Spencer's north Y and would make great farmland tracts or potential development tracts. The farms have been well managed and farmed. There is a large county tile located on tracts 6 & 7 providing for a good outlet for tile.

Property Location

Located at the intersection of Highways 18 & 71, north of Spencer, Iowa.

Legal Description

Tract 5 -14.7 surveyed acres: Parcel E in Sections Twenty-five (25) and Thirty-six (36) Township Ninety-seven (97) North, Range Thirty-seven (37) Wst of the 5th P.M., Clay County, Iowa.

Tract 6 - 89.5 surveyed acres: Parcel D in Sections Twenty-five (25) and Thirty-six (36) Township Ninety-seven (97) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa.

Tract 7 - 77.9 surveyed acres - Parcel F in Section Thirty-six (36) Township Ninety-seven (97) North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa.

FSA Information

Combined FSA Information for Tracts 5, 6 & 7
Cropland Acres: 157.86
Corn Base Acres: 121.00        PLC Yield: 167
Soybean Base Acres: 26.90    PLC Yield: 47

Soils

Tract 5 - Belmann, Ocheyedan & Fostoria
Tract 6 - Belmann Talcot, Ocheyedan, Biscay Fostoria, Cylinder Wadena
Tract 7 - Ocheyedan, Belmann, Fostoria, Colo

Surety/Agridata Avg

Tract 5: Average CSR2 - 77.4, Average CSR1 - 64.0
Tract 6: Average CSR2 - 64.7, Average CSR1 - 63.7
Tract 7: Average CSR2 - 78.2, Average CSR1 - 59.6

Tile

There is a large county tile located on tracts 6 & 7 providing for a good outlet for tile.

Real Estate Taxes

Tract 5: $330 (est.)
Tract 6: $1,992 (est.)
Tract 7: $1,616 (est.)

Method of Sale

All tracts will be sold as choice and will not be combined.

Possession

Possession will be given upon closing with an open lease for the 2019 crop season.

Terms

10% earnest money down day of sale. Balance due at closiong on or before January 16, 2019. All final bids are subject to the approval of the sellers. Real Estate Taxes to be prorated to December 31, 2018.

Comments

Gary Grave of Cotton and Grave Farm Management Spencer, IA is the listing Broker 712-262-6425

Listing Agent

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