Sold

SOLD $1,014,000 | 161 Acres +/- of Farmland in Marshall County (72.5 CSR)

2074 242nd St, Marshalltown, IA 50158

Wednesday September 5th
10:00AM

Print Sale Bill

Auctioneer: David Whitaker

515-460-8585

Location

Details

Great high quality farm for sale in Marshall County Iowa.

Location of Auction:

Consumers Energy Building; 2074 242nd St, Marshalltown, IA 50158

General Description:

The property is composed of two tracts of land totaling 161 acres, more or less, in Sec 25-84N-19W all in Marshall County Iowa

Location of Land

West of Marshalltown Iowa 2.5 miles then north on S70 (Knapp Ave) to 200th St. Then back east 1 mile. Property is located at the intersection of 200th Street and Lafayette Ave. 2100 200th St Marshalltown Iowa 50158

Legal Desctription

NW 1/4 located in Sec 25, TWP 84N, Range, 19W all in Marshall County Iowa

Land Description

Acreage sits on top of hill in the SE corner of the intersection. Farmland is gradually sloping with a waterway towards the center.

Zoning

Property is classified as Agricultural A-1

HEL & WETLANDS

143.57 acres of HEL and 2.34 of NHEL

Terms and Conditions

The farm will be offered as two tracts of land. “The land will be offered at auction on September 5th, 2018, 10:00 a.m. at the Consumers Energy Building; 2074 242nd St, Marshalltown, IA 50158. Bidders will have the option to bid on tract 1 comprised of 155 ac +/- and then they will have the option to bid on tract 2 comprised of 5.5 ac +/- and acreage site. The farm will not be offered as a combination at the end. 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 the Seller's Attorney 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 October 5th, 2018. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. “The current owner/tenant will have farming rights until March 2019.”The seller reserves the right to reject any and all bids."

Possession

Possession will execute on October 5th, 2018

CROP Contract

ARC County, currently farmed by tenant for the 2018 crop year. Termination has been served for the 2019 crop year.

Tile

Some tile

Individual Tract Information

Tract 1 - Bid as 155 ac., more or less. 155 Acres located in the NE 1/4 of Sec 25-84N-19W.

Tract 2- Bid as a whole amount on 5.5 acres with house and buildings, subject to right of way easement.


Taxes

Parcel ID 2017 Taxes

8419-25-100-001 $2,530

8419-25-100-002 $968

8419-25-100-003 $960

8419-25-100-004 $962

Total Estimated Tax $5,420

(Based on 2017)

FSA Farm #

#927

FSA Tract #

291

FSA Farmland Acres Total

+/-161.15

FSA Cropland Acres Total

+/-145.91

FSA DCP Cropland Total

+/-145.91

CSR and CSR2

CSR 72.5 (Source) Agridata

CSR2 69.8 (Source) Agridata

Corn Base

Corn Base- 69.8 Acres, PLC Yield 165

Bean Base

Bean Base-69.8 Acres, PLC Yield 54

House and Acreage Information

To be surveyed if sold separate at 5.5 acres +/- (Subject to survey)

Year built - 1987

School District - West Marshall

Occupancy - Single family dwelling

Style- 1 story

Bedrooms- 2 and 1 additional in basement (nonconforming)

Bathroom-1 ½

Gas furnace

3 Propane tanks included

Electric Water heater

Rural water and Well

Exterior- Steel Siding

Roof- Newer with asphalt shingles

Foundation- Concrete

Interior finish- Drywall

Square Footage- 1474

Garage- Attached (2 car) 786 sq/ft | Detached (1 car)

Out building 1- 2001 36’x63’ shop, concrete floor, ½ of shop is insulated and heated by wood stove.

Out building 2- 40’x20’ Barn

Grain bins- 4 grain bins & 1 silo, 1@ 20’x27’ (9984 bu), 3@ 16’x18’ (3486bu), 50’x19’ (11392 bu)


Open House

Open House on August 12th 4pm-6pm

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

Auctioneer: David Whitaker

515-460-8585

Location

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