585 Acres m/l Selling in 7 Tracts Story County, IA - Franklin Township

Land Auction

585 Acres m/l Selling in 7 Tracts Story County, IA - Franklin Township

Sale Date: Wednesday, December 11, 2019 10:00 AM

Sale Location: Gilbert Franklin Community Room, 105 2nd Street, Gilbert, Iowa

Bid Online

Documents and Maps

Description

Attention Farmers and Investors, don't let this outstanding opportunity pass you by.  The Wakefield farms have been in the family for decades and have been very well managed and farmed.  These highly tillable tracts of productive farmland rarely become available, and this offering of farms has something for everyone from 40 to 150 acres, to tillable and recreational/development land.  Make sure to call today to learn more about the Wakefield farms; we look forward to seeing you at the auction.

Property Location

Tract 1 is located ½ mile west of Gilbert, Iowa on County Road E23.
Tracts 2 & 3 are located 2 miles east of Gilbert, Iowa on Country Road E23 and ½ mile north on 550th Avenue.
Tracts 4-7 are located 2 miles east of Gilbert, Iowa on County Road E23 and ¼ mile south on 550th Avenue.

Legal Description

Tract 1 - 150 Acres m/l - The Southwest Quarter (SW¼) of Section Five (5), Township Eighty-four (84) North, Range Twenty-four West  of the 5th P.M., Story County, Iowa except 2.76 acres and 4.08 acres in the Southwest Quarter of the Southwest Quarter (SW¼ SW¼).

Tract 2 - 117 Acres m/l - The North Half of the Northwest Quarter (N½ NW¼) of Section One (1), Township Eighty-four (84) North, Range Twenty-four (24) West of the 5th P.M., Story County, Iowa.

Tract 3 - 80 Acres m/l - The South Half of the Northwest Quarter (S½ NW¼) of Section One (1) Township Eighty-four (84) North, Range Twenty-four West of the 5th P.M., Story County, IA.

Tract 4 - 80 Acres m/l - The Southeast Quarter of the Northeast Quarter  (SE ¼ NE ¼) and the Northeast Quarter of the Southeast Quarter (NE¼ SE¼) of Section Eleven (11) Township Eighty-four (84) North, Range Twenty-four (24) West of the 5th P.M., Story County, IA.

Tract 5 - 40 Acre m/l - The Southwest Quarter of the Northwest Quarter (SW¼ NW¼)  of Section Twelve (12) Township Eighty-four (84) North, Range Twenty-four (24) West of the 5th P.M., Story County, Iowa.

Tract 6 - 38 Acres m/l - The Northwest Quarter of the Southwest Quarter (NW¼ SW¼)  of Section Twelve (12) Township Eighty-Four (84) North, Range Twenty-four (24) West of the 5th P.M., Story County, IA except 2.28 acre parcel in the Northwest Quarter of the Northwest Quarter. 

Tract 7 - 80 Acres m/l -The East Half of the Southwest Quarter (E½ SW¼) of Section Twelve (12) Township Eighty-Four (84) North, Range Twenty-four (24) West of the 5th P.M., Story County, IA.

 

 

 

FSA Information

Cropland Acres 
Tract 1
- 148.39 Cropland Acres
Tract 2 - 108.84 Cropland Acres (estimated)
Tract 3 - 79 Cropland Acres (estimated) 
Tract 4 - 76.63 Cropland Acres 
Tract 5 37.84 Cropland Acres 
Tract 634.72 Cropland Acres (estimated)
Tract 745.25 Cropland Acres (estimated)


Corn & Soybean Base Information
Tract 1
Corn Base: 109.64 acres/PLC Yield: 162 bu.
Soybean Base: 36.55 acres/PLC Yield: 51 bu
Tracts 2 & 3 Combined 
Corn Base: 138.82 acres/PLC Yield: 162 bu.
Soybean Base: 46.28 acres/PLC Yield 51 bu.
Tracts 4 -7 Combined 
Corn Base: 141.16 acre/PLC Yield: 162 bu.
Soybean Base: 47.05 acres/PLC Yield: 51 bu.

Tract 7 CRP Information
CRP Acres: 3.40
Annual CRP Payment: $1,188
CRP Contract Expiration: 9/30/2024
             

Soils

Tract 1 - Webster, Nicollet, Clarion & Canisteo
Tract 2 - Webster, Clarion & Nicollet
Tract 3 - Webster, Clarion, Nicollet & Canisteo
Tract 4 - Clarion, Webster, Nicollet, Canisteo & Lester
Tract 5 - Clarion, Nicollet, Webster & Canisteo
Tract 6 - Clarion, Webster, Nicollet, & Lester
Tract 7 - Clarion, Nicollet, Webster, Lester, Storden & Hayden-Storden

 

Surety/Agridata Avg

Tract 1 Avg. CSR2: 89
Tract 2 Avg. CSR2: 86.6
Tract 3 Avg. CSR2: 86.8
Tract 4 Avg. CSR2: 87.1
Tract 5 Avg. CSR2: 87.9
Tract 6 Avg. CSR2: 87.7
Tract 7 Avg. CSR2: 86.8

Real Estate Taxes

Tract 1: $4,906
Tract 2: $3,702
Tract 3: $2,592
Tract 4: $2,578
Tract 5: $1,268
Tract 6: $1,352
Tract 7: $1,954

Method of Sale

Successful bidder will have choice of tracts 1-7.

Terms

Sale is subject to seller approval. 10% earnest money due day of auction. Balance due at closing on or before January 31, 2020. Real Estate Taxes to be prorated to December 31, 2019. Seller to retain all interest in the 2019 crop and use of the grain bins for storing grain until September 1, 2020.

Comments

Tract 6 offers over 65,000 bushels of grain storage in 7 bins ranging from 25,000 bushel capacity to government bins.

Listing Agent

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