184.62 Surveyed Acres Clay County, IA - Riverton Township

Sold

184.62 Surveyed Acres Clay County, IA - Riverton Township

SOLD

Selling Price: Tract 1: $7,400 per acre, Tract 2: $3,000 per acre, Tract 3: $7,900 per acre

Sale Date: Thursday, September 17, 2020 10:00 AM

Sale Location: Clay County Regional Events Center, 800 W 18th Street, Spencer, Iowa

Bid Online

Documents and Maps

Description

Land buyers, here is an excellent opportunity to purchase tillable farmland and pastureland south of Spencer.  The tillable farmland has excellent soils and will prove to be a very solid land investment. Pasture is getting harder and harder to find. Prairie Creek meanders through the pasture and will provide an ample water source for livestock.  The lease is open for the 2021 crop season.  All tracts will be sold based on surveyed acres. We look forward to seeing you at the auction.

Property Location

2.5 miles south of Spencer, Iowa on  Highway 71.

Legal Description

Tract 1 (114.23 Surveyed Acres): Part of the Southwest Quarter (Pt. SW¼) of Section Thirty-six (36) and Part of the East Half of the Southeast Quarter (Pt. E½ SE¼) of Section Thirty-five (35) all in township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M. Exact legal and acres to be taken from survey.

Tract 2 (58.47 Surveyed Acres): Part of the Southwest Quarter (Pt. SW¼) of Section Thirty-six (36) and Part of the East Half of the Southeast Quarter (Pt. E½ SE¼) of Section Thirty-five (35) all in township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M. Exact legal and acres to be taken from survey.

Tract 3 (11.92 Surveyed Acres):
Part of the East Half of the Southeast Quarter (Pt. E½ SE¼) of Section Thirty-five (35), Township Ninety-six (96) North, Range Thirty-seven (37) West of the 5th P.M. Exact legal and acres to be taken from survey.

 

FSA Information

FSA Information for  Tracts 1-3  Combined
     Corn Base: 74.50 ac.          Corn PLC Yield:  142 bu. 
     Soybean Base: 35.60 ac.    Soybean PLC Yield:  43 bu.  

 

Soils

Tract 1: Everly, Letri, Colo, Wilmonton, McCreath, Everly-Moneta, Moneta
Tract 2: Colo, Everly, Everly-Moneta, Wilmonton & Moneta
Tract 3: Everly, Colo & Letri

Surety/Agridata Avg

Tract 1: 85.5
Tract 2: 74.6
Tract 3: 84.3

Real Estate Taxes

Estimated Annual Taxes
Tract 1: $3,549
Tract 2: $1,258
Tract 3: $319

Method of Sale

Tract 1 will be sold first with sale of Tracts 2 & 3 immediately following.

Terms

10% earnest money down day of sale. Balance due at closing on or before December 3, 2020. Real estate taxes to be prorated to December 31, 2020.  Sellers to retain 100% of 2020 income. All final bids are subject to seller approval.

 

Listing Agent

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