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190 Acres +/- of Farmland in Humboldt County (86.6 CSR2)

7 Park Rd., Humboldt, IA 50548 Oxbow Lodge

Wednesday November 8th
10:00AM

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Auctioneer: David Whitaker

515-460-8585

Location

Details

Great high quality farm for sale in Humboldt County Iowa.

Location of Auction:

Oxbow Lodge, 7 Park Road, Humboldt IA 50548

General Description:

The property is composed of two tracts of land totaling 190 acres, more or less, in Section 21 of Rutland Township, Humboldt County, Iowa.

Location of Land

Just east of Rutland on County Rd. C29 (200th St.)

Legal Desctription

W ½ of the W ½ in Section 21, Rutland Twp, Range 29W (157.32 acres) & NW ¼ of the NE ¼ in Section 28, Rutland Twp, Range 29W (33.36 acres)

Land Description

Flat

Zoning

Property is classified as Agricultural A-1

HEL & WETLANDS

NHEL

Terms and Conditions

The farm will be offered as two tracts of land. "The land will be offered at auction on November 8th, 2017, 10:00 a.m. at the Oxbow Lodge; 7 Park Rd., Humboldt, IA 50548. The successful bidder(s) shall sign a purchase agreement, prepared by the seller, immediately after the close of the sale. The contract price will be the bidding acres as indicated on the individual tract purchased times the price bid per acre. "Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of Baker, Johnsen, Sandblom, & Lemmenes Trust Account by the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. "The real estate taxes will be pro-rated to the day of closing. . " The balance shall be paid in the form of certified funds upon closing, on or before December 12, 2017. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. "The current owner/farmer will have farming rights until March 2018. "The seller reserves the right to reject any and all bids."

Possession

Possession will execute on the December 12, 2017

CROP Contract

ARC County, currently farmed by tenant for the 2017 crop year. Termination has been served for the 2018 crop year.

Forest Reserve

12.10 ac. currently enrolled

Tile

County tile on tract 2. Other tile on tract 1 but no maps.

Individual Tract Information

Tract 1 - Bid as 157 ac., more or less. W ½ of the W ½ in Section 21, Rutland Twp, Range 29W (this includes the house and buildings)

Tract 2- Bid as 33 ac., more or less. NW ¼ of the NE ¼ in Section 28, Rutland Twp, Range 29W

Taxes

2016 Taxes

Tract 1 - 0621300004, 0621300001, 0621100004, & 0621100001 $4806

Tract 2- 0628200001 $1128


Total Estimated Tax

(Based on 2016)

Tracts 1 & 2 = $5932

FSA Farm #

#842

FSA Tract #

#1542 & #1543

FSA Farmland Acres Total

+/-167.46

FSA Cropland Acres Total

+/-152.26

FSA DCP Cropland Total

+/-152.26

CSR2

Weighted Average 86.6 (Source) Agridata

Tract 1 CSR2 86.4 (Source) Agridata

Tract 2 CSR2 88.2 (Source) Agridata

Corn Base

76.18 Acres

Bean Base

76.08 Acres

Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction.  

Auctioneer: David Whitaker

515-460-8585

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