270 Acres m/l Selling in 4 Tracts Palo Alto County, IA - Independence Township

Land Auction

270 Acres m/l Selling in 4 Tracts Palo Alto County, IA - Independence Township

Sale Date: Wednesday, February 3, 2021 10:00 AM

Sale Location: Virtual Online Auction

Bid Online

Documents and Maps

Description

This sale is a rare opportunity to bid choice on several smaller farms or one larger tract of Iowa farmland.  Track #2 offers a smaller parcel with large income potential, including a great paying windmill easement lease.  Don’t miss this opportunity to bid on a farm in an area where land rarely become available.

Property Location

Tract 1: 3 miles south of Ringsted, Iowa on 550th Avenue.
Tract 2: 3¼ miles south of Ringsted, Iowa on 550th Avenue and ¼ mile east on 280th Street.
Tract 3: 4 miles south of Ringsted, Iowa on 550th Avenue.
Tract 4: 3¾ miles south of Ringsted, Iowa on 550th Avenue.

Legal Description

Tract 1 (40 Acres m/l) - The Southeast Quarter of the Southeast Quarter (SE¼ SE¼) of Section Four (4), Township Ninety-seven (97) North, Range Thirty-one (31) West of the 5th PM, Palo Alto County, Iowa.

Tract 2 (40 Acres m/l) - The Northeast Quarter of the Northwest Quarter (NE¼ NW¼) of Section Ten (10), Township Ninety-seven (97) North, Range Thirty-one (31) West of the 5th PM, Palo Alto County, Iowa.

Tract 3 (40 Acres m/l) - The Southwest Quarter of the Southwest Quarter (SW¼ SW¼) of Section Ten (10), Township Ninety-seven (97) North, Range Thirty-one (31) West of the 5th P.M., Palo Alto County, Iowa.

Tract 4 (150 Acres m/l) - The Southeast Quarter (SE¼) of Section Nine (9), Township Ninety-Seven (97) North, Range Thirty-one (31) West of the 5th PM, Palo Alto County, Iowa.

FSA Information

Tract 1 Cropland Acres - 36.75 ac.
Corn Base: 24.20 ac. / Corn PLC Yield: 140 bu.
Soybean Base: 7.9 ac. / Soybean PLC Yield: 37 bu.

Tract 2 Cropland Acres - 36.3 ac.
Corn Base: 19.80 ac. / Corn PLC Yield: 140 bu.
Soybean Base: 11.3 ac. / Soybean PLC Yield: 37 bu.

Tract 3 Cropland Acres - 37.54 ac.
Corn Base: 24 ac. / Corn PLC Yield: 140 bu.
Soybean Base: 7.7 ac. / Corn PLC Yield: 37 bu.

Tract 4 Cropland Acres - 139.36 ac.
Corn Base: 74.60 ac. / Corn PLC Yield: 140 bu.
Soybean Base: 32 ac. / Soybean PLC Yield: 37 bu.

Soils

Tract 1: Nicollet, Clarion, Canisteo & Webster
Tract 2: Canisteo & Nicollet
Tract 3: Canisteo, Clarion, Okoboji, & Harps
Tract 4: Clarion, Canisteo, Klossner, Nicollet, Okoboji, Harps & Webster

Surety/Agridata Avg

Tract 1 Avg. CSR2: 88.1
Tract 1 Avg. CSR1: 79.6

Tract 2 Avg. CSR2: 86.4
Tract 2 Avg. CSR1: 78.7

Tract 3 Avg. CSR2: 81.2
Tract 3 Avg. CSR1: 67.5

Tract 4 Avg. CSR2: 73.9
Tract 4 Avg. CSR1: 67.7

Real Estate Taxes

Tract 1 - $1,118
Tract 2 - $1,134
Tract 3 - $1,052
Tract 4 - $3,575 (estimated)

Method of Sale

Successful bidder will have choice of any tract or combination of tracts.

Terms

10% earnest money down day of sale. Balance due at closing on or before March 17, 2021. Real estate taxes to be prorated to December 31, 2020.  Farm is leased for 2021. All 2020 cash rent and all 2020 wind easement payments will be retained by the seller. All final bids are subject to seller approval.

Listing Agent

For More Information Contact:

Questions? Contact Us