Auction Site: Sloan Community Hall, 423 Evans, Sloan,
IA.
Driving Directions to Land: 2.5 miles south of Sloan
on Old Hwy 75, turn left on 110th and go approximately 1.5 miles to
view Tract #1 on the south side the road, then drive another half mile to view
Tract #2 on north side of road.
TRACT ONE
Legal Description:
229 acres - NE1/4 of Section 10 T85N R46W, Monona Co., IA. And E1/2 of
NW1/4 of Section 11 T85N R46W, Monona Co.,
IA. Minus 2 acreage locations. Abstract legal to govern.
General Description: This is an excellent and productive larger tract of
Iowa Farmland. Ideal location close to Interstate and several grain elevators. Average CSR: 68.2 Gross Taxes: $5,425.51 on
229.85 taxable acres.
TRACT TWO
Legal Description:
68 acres E1/2 of Section 2 T85N R46W, Monona Co., IA. Abstract legal to
govern.
General Description: This is a good
to excellent tract for those that are looking for a smaller parcel. Ideal
location close to Interstate and several grain elevators. Average CSR: 54.8 Gross Taxes: $1,646.97 on
68.65 taxable acres.
TERMS
PROCEDURE: The properties will be offered in
individual tracts. The sale price of each tract will be determined by taking
taxable acres times the final price bid per acre. DOWN PAYMENT: 10% down payment on the day of the auction with the
balance in cash at closing. The down payment may be made in the form of cash;
cashiers check, personal check or corporate check. Your bidding is not
conditional upon financing, so be sure you have arranged financing, if needed
and are capable of paying cash at closing. ACCEPTANCE OF BID PRICES: All
successful bidders will sign a purchase agreement at the auction site
immediately following the close of bidding. The final bid price is subject to
the Sellers approval. Such approval shall occur at the auction on auction day.
CLOSING: Closing shall occur within approximately 30 days after auction
day and in accordance with the specific terms of the Agreement to Purchase.
Possession shall be given at closing, subject to the remaining rights of the
current tenant(s) for crop year 2009. Full farming rights will be given March,
1, 2010. Real Estate
Taxes will be prorated to date of closing. The closing will be handled by Dale
Smith Attorney, 423 Evans St., Sloan, Iowa51055, and Ph: 712-428-3822.
SELLERS:
Robert
N. Byers Revocable Trust
To preview photo and for more information go to: www.McCallAuctions.com
Auction Conducted By: McCall Auctions and Real Estate
Ph: 712-423-1901
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