282 ACRES m/l – 4 Tracts Emmet County

5 miles west of Wallingford, IA on A34.

Tract 1: The East Half of the Southeast Quarter (E 1/2 SE 1/4) and Part of the Southeast Quarter of the Northeast Quarter (Pt. SE 1/4 NE 1/4) containing 81 acres more or less, Section Seven (7), Township Ninety-eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, IA.

Tract 2: The West Half of the Southeast Quarter (W 1/2 SE 1/4) containing 67 acres more or less, Section Seven (7), Township Ninety-eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, Iowa excluding 11 Acre Acreage.

Tract 3: The Fractional Southwest Quarter (Fr. SW 1/4) containing 123 acres more or less, Section Seven (7), Township Ninety-eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, Iowa excluding part of the 11 acre acreage.

Tract 4: An 11 acre acreage more or less in the Southwest Quarter of the Southeast Quarter (SW 1/4 SE 1/4) and the Southeast Quarter of the Southwest Quarter (SE 1/4 SW 1/4) of Section Seven (7), Township Ninety-eight (98) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, Iowa.

Successful bidder will have choice of Tracts 1, 2 & 3. Sale of Tract 4 will immediately follow.

Tillable Acres: 265.46 ac.

Corn Base: 127.35 ac.

PLC Corn Yield: 156 bu.

Soybean Base: 127.35 ac.

PLC Soybean Yield: 51 bu.

Tract 1: Nicollet, Canisteo, Clarion, Webster, Okoboji, Crippin and Harps

Tract 2: Canisteo, Nicollet, Webster, Okoboji, Clarion, Crippin, Clarion-Swanlake and Harps

Tract 3: Nicollet, Okoboji, Clarion, Canisteo, Harps, Crippin, Webster and Clarion-Swanlake

Tract 1: 86.2

Tract 2: 84.9

Tract 3: 77.8

Tract 1: 76.9

Tract 2: 75.2

Tract 3: 68.2

Tract 1 Taxes: $2,090

Tract 2 Taxes: $1,776 (est.)

Tract 3 Taxes: $2,920

Tract 4 Taxes: $1,182 (est.)

All tracts to be surveyed prior to auction date. 10% earnest money down day of sale. Balance due at closing on or before November 15, 2017 for Tracts 1, 2 & 3 and on or before September 8, 2017 for Tract 4. Real estate taxes to be prorated to December 31, 2017 for Tracts 1, 2 & 3 and date of possession on Tract 4. Sellers to retain 100% of the 2017 cash rent. Buyer will be responsible to bring the septic system to current Iowa Code (Tract 4). All final bids are subject to approval of seller.

Land buyers, here is an excellent opportunity to purchase 3 highly tillable tracts of farmland ranging in size from 67 acres to 123 acres. The 11 acre acreage would make a great acreage featuring a ranch style home with outbuildings and grain bins. Make plans to attend the open house on July 10th from 5-6 PM. The Prentice farm would make an excellent long-term investment.