140.55 Acres - 2 Tracts Osceola County, IA - Gilman Township

Sold

140.55 Acres - 2 Tracts Osceola County, IA - Gilman Township

SOLD

Selling Price: Tracts 1 & 2: $18,100/acre

Sale Date: Wednesday, June 7, 2023 10:00 AM

Sale Location: Sanborn Community Center, 225 Main Street, Sanborn, Iowa

Bid Online

Documents and Maps

Description

Mark your calendars for Wednesday, June 7th, 2023! Midwest Land Management is proud to offer a 140.55 acre farm, available in 2 tracts, with rich, productive soil and boasting a CSR2 rating of 95.9 on Tract 1 and 94.7 on Tract 2. This highly tillable property is a great opportunity for farmers or investors looking to expand their agricultural portfolio.

Property Location

2 miles east of Ashton, Iowa on 240th Street and 2¼ miles south on Oriole Avenue.

Legal Description

Tract 1 (68.49 acres) - The South Half of the Northeast Quarter (S½ NE¼) in Section Thirty-six (36), Township Ninety-eight (98) North, Range Forty-two (42) West of the 5th P.M., Osceola County, Iowa, except Parcel B. Exact legal to be taken from survey.

Tract 2 (72.06 acres) - The North Half of the Southeast Quarter (N½ SE¼) in Section Thirty-six (36), Township Ninety-eight (98) North, Range Forty-two (42) West of the 5th P.M., Osceola County, Iowa, except Parcel B. Exact legal to be taken from survey.

FSA Information

Tracts 1 & 2 Combined
Cropland Acres: 138.24 
Corn Base Acres: 69.2  /  PLC Yield: 168
Soybean Base Acres: 69  /  PLC Yield: 52

Soils

Tract 1: Sac, Primghar, Marcus and Havelock
Tract 2: Sac, Primghar, Marcus and Havelock

Surety/Agridata Avg

Tract 1 Avg. CSR2: 95.9
Tract 1 Avg. CSR1: 79.3

Tract 2 Avg. CSR2: 94.7
Tract 2 Avg. CSR1: 77.9

Real Estate Taxes

Tract 1: $2,208
Tract 2: $2,284

Method of Sale

Successful bidder will have choice of Tract 1 and/or Tract 2.

Terms

10% earnest money down day of auction. Balance due at closing on or before July 13, 2023. Seller to retain first half 2023 cash rent income. Buyer to be credited second half 2023 cash rent income at closing. Real estate taxes to be prorated to December 31, 2023. All final bids subject to seller approval.

Listing Agent

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