224.6 Acres m/l Selling in 3 Tracts Clay County, IA - Clay Township
Sold
224.6 Acres m/l Selling in 3 Tracts Clay County, IA - Clay Township
SOLD
Selling Price: Tract 1: $21,000/acre, Tract 2: $20,300/acre, Tract 3: $21,000/acre
Sale Date: Thursday, May 26, 2022 10:00 AM
Sale Location: Royal Community Center, 302 Main Street, Royal, Iowa
Documents and Maps
Description
Midwest Land Management is pleased to be selling these high quality farms for the family of Milton Christensen. The Christensen farms are some of the highest caliber farms in the state of Iowa. The APH yields on these farms are 225 bu/a on corn and 68 bu/a on soybeans. These farms have been well farmed and cared for. The team at Midwest Land Management looks forward to seeing you in Royal on sale day.
Property Location
Tract 1: 1½ miles south of Royal, Iowa on 150th Avenue and ½ mile west on 420th Street.
Tract 2: 1¼ miles south of Royal, Iowa on 150th Avenue.
Tract 3: 1½ miles south of Royal, Iowa on 150th Avenue.
Legal Description
Tract 1 (84 Acres m/l): The East Half of the Southwest Quarter (E½ SW¼) of Section Fourteen (14), Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa.
Tract 2 (70.9 Acres m/l): The South Half of the Southwest Quarter (S½ SW¼) of Section Thirteen (13), Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa excluding a 5.75 acre acreage.
Tract 3 (69.7 Acres m/l): The North Half of the Northwest Quarter (N½ NW¼) of Section Twenty-four (24), Township Ninety-five (95) North, Range Thirty-eight (38) West of the 5th P.M., Clay County, Iowa excluding a 5.76 acre acreage.
FSA Information
FSA Information for Tract 1:
Cropland Acres: 79.92
Corn Base: 39.2 ac. Corn PLC Yield: 192 bu.
Soybean Base: 39.2 ac. Soybean Base: 56 bu.
FSA Information For Tracts 2 & 3 Combined:
Cropland Acres: 142.48
Corn Base: 70.1 ac. Corn PLC Yield: 192 bu.
Soybean Base: 70.0 ac. Soybean PLC Yield: 56 bu.
Soils
Tract 2: McCreath, Gillett Grove, Ransom & Afton
Tract 3: McCreath, Gillett Grove & Ransom
Surety/Agridata Avg
Tract 2 Avg. CSR2: 95.9 / Avg. CSR1: 80.8
Tract 3 Avg. CSR2: 96.5 / Avg. CSR1: 81.2
Real Estate Taxes
Tract 2: $2,132
Tract 3: $2,042
Method of Sale
Successful bidder will have choice of Tract 1, Tract 2 and/or Tract 3.
Terms
Final contract purchase price will be determined by the gross surveyed acres to the nearest 100th times the final bid at the auction. Buyer to be responsible to demolish the home on Tract 1 or update the septic system to meet current Iowa code. 10% earnest money down day of sale. Balance due at closing on or before August 3, 2022. Real estate taxes to be prorated to June 30, 2022. Seller to retain the first half cash rent. Buyer to receive the second half cash rent. All final bids are subject to seller approval.
Listing Agent
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