136 Acres m/l Selling in 3 Tracts Clay County, IA - Meadow Township

Land Auction

136 Acres m/l Selling in 3 Tracts Clay County, IA - Meadow Township

Sale Date: Tuesday, November 19, 2019 10:00 AM

Sale Location: Spencer Golf & County Club, 2200 W. 18th Street, Spencer, Iowa. Online bidding also available.

Documents and Maps

Description

Land buyers, here is your chance to purchase two tracts of highly tillable farmland with excellent soils in a very prosperous neighborhood.  The farms have been well farmed and maintained by the Gould family and would make an excellent long-term investment. Tract 3 is a 6 acre acreage featuring a 1620 sq. ft. ranch style home and multiple outbuildings. For more information on Tract 3, see the complete listing under "Acreage and Residential Auctions".

Property Location

3 miles north of Spencer, Iowa on Highway 71 & 1 mile east on 290th Street.

Legal Description

Tract 1 - Part of the North Half of the North Half (N½ N½) of Section Seventeen (17), Township Ninety-seven (97) North, Range Thirty-six (36) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey & abstract.

Tract 2 - Part of the South Half of the North Half (Pt. S½ N½) of Section Seventeen (17), Township Ninety-seven (97) North, Range Thirty-six (36) West of the 5th P.M., Clay County, Iowa. Exact legal to be taken from survey & abstract.

 

FSA Information

Tracts 1 & 2 Combined:
Cropland Acres:  131.67 ac.
Corn Base:  82.9 ac.    PLC Yield: 170 bu.
Soybean Base:  46.2 ac.    PLC Yield: 47 bu.

 

Soils

Tract 1 - Everly, Letri & Wilmonton
Tract 2 - Letri, Everly, Wilmonton & Rushmore

Surety/Agridata Avg

Tract 1 - Avg. CSR2: 89.1 / Avg. CSR1: 70.1
Tract 2 - Avg. CSR2: 89.4 / Avg. CSR1: 70.7

Real Estate Taxes

Tract 1 Estimated Annual Taxes: $2,028
Tract 2 Estimated Annual Taxes: $2,413

Method of Sale

Successful bidder will have choice of tracts 1 and/or 2. Tract 3 will be sold immediately following

Terms

10% earnest money down day of sale.  Balance due at closing on or before December 27, 2019.  Real estate taxes to be prorated to December 31, 2019.  All tracts to be surveyed prior to auction. Farmland has an open lease for the 2020 crop season. Sellers to retain 100% of the 2019 farm income. All final bids are subject to seller approval.

Listing Agent

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