38 Acres m/l Clay County, IA - Summit Township

Land Auction

38 Acres m/l Clay County, IA - Summit Township

Sale Date: Thursday, November 4, 2021 2:00 PM

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

Bid Online

Documents and Maps

Description

Outdoor Enthusiasts, don't miss this opportunity to purchase this ideally located recreational farm. The Rose farm is comprised of 35 cropland acres with 34.6 being income producing CRP acres. Conveniently located within 5 miles of Spencer this farm is a sportsman’s paradise with Stony Creek meandering along the west edge of the farm.

Property Location

5 miles west of Spencer, Iowa on Highway 18 & 3/4 mile south on 170th Avenue.

Legal Description

The Southeast Quarter of the Southeast Quarter (SE¼ SE¼) of Section Thirty-one (31) Township Ninety-seven North, Range Thirty-seven (37) West of the 5th P.M., Clay County, Iowa excluding acreage.

 

FSA Information

Cropland Acres: 35 acres including 34.6 CRP acres
Total Annual CRP Payment: $4,677

CRP Contract 1: 23 acres
Annual Payment: $2,674 ($116.25 per acre)
Contract Expiration: 9/30/2022

CRP Contract 2: 5.2 acres
Annual Payment: $732 ($140.73 per acre)
Contract Expiration: 9/30/2023

CRP Contract 3: 2.90 acres
Annual Payment: $599 ($206.40 per acre)
Contract Expiration: 9/30/2023

CRP Contract 4: 3.5 acres
Annual Payment: $672 ($192 per acre)
Contract Expiration: 9/30/2030

 

Soils

Spillville-Coland & Wadena

Surety/Agridata Avg

Avg. CSR2: 70.2
Avg. CSR1: 36

Real Estate Taxes

$486

Terms

10% earnest money due day of sale. Balance due at closing on or before December 21 2021. Real estate taxes to be prorated to December 31, 2021.  Buyer to agree to assume the existing CRP contracts. All final bids are subject to seller approval.

Listing Agent

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