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Auction Information
Auctioneer Waterhouse Realty & Auctioneers 5639273660
Auction Date Nov 15 Auction
Location
Manchester Livestock Auction
1624 220th Street
Manchester, IA
Time 10:00AM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
Auction Listing
AuctionZip Auctioneer ID# 30272

RYAN, IOWA

FARM LAND REAL ESTATE

A U C T I O N

Mary E. Clemen Trust

WEDNESDAY
NOVEMBER 15, 2017
10:00 AM

108.87 Taxable Acres – NHEL Bare Land

Auction to be held at Manchester Livestock Auction
1624 220th Street – Manchester, Iowa just north and east of the junction of Highway 20 and Highway 13

LAND LOCATION

On Highway 13 just south of Ryan take gravel 310th Street west 3 miles.

The farm is located in Section 21 of Adams Township (south of 310th Street and west of 130th Avenue)

Auctioneer's Remarks

We're very pleased to be chosen to conduct this auction.  With Mary's passing in February and her children all living out of state, it is now time to change the history on this outstanding tract of land.  You can decide for yourself; however, it appears about the only moisture put on this farm comes from overhead.  We strongly suggest you do your fact finding and financial preparation so you can take advantage of this great opportunity to purchase a smaller, high producing, tract of land with top markets for both grain and livestock nearby.

Real Estate Auction Terms

          Cash Sale.  The highest bidder will pay $75,000.00 sale day as irrevocable earnest money and sign a Written Confirmation Of Sale Of Real Estate At Public Auction (purchase agreement) which will call for the unpaid balance to be paid in full on delivery of deed and merchantable abstract of title.  Possession upon delivery of deed, merchantable abstract and final settlement and subject to the 2017 cropland lease - - - the tenant has been notified of lease termination giving you complete possession for the 2018 crop year (by verbal commitment from the Tenant the new owner can have possession upon completion of this year's corn crop harvest).  Seller retains 100% of the 2017 cropland rent.

          Annual real estate taxes will be paid current and the remaining amount owed by seller will be prorated to date of settlement.  Closing will occur at the offices of Waterhouse Realty & Auctioneers acting as Seller's Agent only @ 1624 220th Street, Manchester, Iowa.

          Purchase is made without buyer contingency of any kind and is based solely on purchaser's judgment selling "as is where is with all faults and/or merits known or unknown, seen or unseen".  All measurements, descriptions, and other details have been obtained from sources deemed reliable.  Verification of any or all items are considered to be made by prospective purchaser's finding of facts, both off & on premises.  The Seller, Seller's Legal Counsel and Fiduciaries, and the Auction Firm assume no liability for errors and/or omissions. Land is selling subject to easements of record for roads and utilities.

          Final sale is subject to confirmation of the owner, however, we strongly suggest you do your fact finding, make your financial arrangements, and attend this auction prepared to be the new owner ….  A GREAT OPPORTUNITY definitely worth your consideration.

Per Delaware County Assessor 108.87 Taxable Acres.  The annual 2016 real estate taxes $3,978.00.

 

Per Farm Service Agency:  107.25 DCP cropland; 103.42 Effective DCP Cropland; 94.20 corn base acres (PLC yield 126) and 7.20 soybean base acres (PLC yield 48).  All classified as NHEL.

 

CRP contract expiring 9/30/21 covering 3.83 acres (waterways) with annual contract payment $1,068.00.  100% of the CRP payments received in 2018 and subsequent years become the property of the Buyer with all rights and responsibilities of CRP contracts transferring to the Buyer at closing.

 

AgriData (Surety Mapping) shows weighted CSR2 of 87.2 (65.4% Kenyon Loam CSR2 of 90.0 and 31.0% Clyde-Floyd CSR2 of 87)

AgriData CSR 80.5; Assessor CSR 80.4




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