Sold

SOLD $1,540,731 | 200 Acres +/- of Farmland in Hamilton County (86.5 CSR2)

600 Main St, Stanhope, IA 50246

Thursday September 13th
10:00AM

Print Sale Bill

Auctioneer: David Whitaker

515-460-8585

Location

Details

Great high quality farm for sale in Hamilton County Iowa.

Location of Auction:

Stanhope Community Building; 600 Main St, Stanhope, IA 50246

General Description:

The property is composed of three tracts of land totaling 200 acres, more or less, in Sec 28 & 29-86N-26W all in Hamilton County Iowa

Location of Land

Located South of Stratford 3 miles then East 2 miles on 390th st. Property is located at the intersection of 390th Street and Erickson Ave. 3880 Erickson Ave Stratford, Iowa 50249

Legal Desctription

200 Acres located in the E, 1/4, SE, 1/4 of Sec 29-86N-26W and the SW, ¼ of Sec 29-86N-26W (3880 Erickson Ave Stratford, Iowa 50249)

Land Description

Acreage sits on Erickson Ave in the SW corner of the land. Farmland is relatively flat with a waterway towards the center.

Zoning

Property is classified as Agricultural A-1

HEL & WETLANDS

89.94 acres of HEL and 83.45 of NHEL

Terms and Conditions

The farm will be offered as three tracts of land. “The land will be offered at auction on September 13th, 2018, 10:00 a.m. at the Stanhope community center; 600 Main St, Stanhope, IA 50246. Bidders will have the option to bid on tract 1 comprised of 10 ac +/- and acreage site (Subject to survey), option to bid on tract 2 comprised of 150 ac +/-. , option to bid on tract 3 comprised of 40 ac +/- (It will include the acreage site on the west side of the road). The farm will then be offered as a whole and any combination thereof in a multi-parcel bidding style. 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 17th, 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 17th, 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, Maps are located in the documents tab

Individual Tract Information


Tract 1 -Bid as a whole amount on 10 acres with house and buildings, subject to survey.

Tract 2- Bid as 150 ac., more or less. 158.84 Acres located in the SE 1/4 of Sec 26-86N-28W.

Tract 3- Bid as 40 ac., more or less. 40 Acres located in the E ¼, SE ¼ of Sec 26-86N-28W.

Taxes

Parcel ID 2017 Taxes

4086268300001 $1,144

4086268300002 $1,162

4086268300003 $2,032

4086268300004 $1,146

4086269400003 $572

4086269400004 $78

4086269400005 $64

4086269400009 $572


Total Estimated Tax $6,796

(Based on 2017)

FSA Farm #

1380

FSA Tract #

#6279, #6280

FSA Farmland Acres Total

193.34

FSA Cropland Acres Total

173.39

FSA DCP Cropland Total

173.39

CSR2

86.6 (Source) Agridata

Corn Base

87.10 Acres, PLC Yield 165

Bean Base

80.50 Acres, PLC Yield 41

House and Acreage Information

HOUSE & ACREAGE INFO (3880 ERICKSON AVE STRATFORD, IA 50249) EAST SIDE

To be surveyed if sold separate at 10 acres +/- (Subject to survey)

Year built – 1950

School District – Stratford

Occupancy - Single family dwelling

Style- 1 ½ story

Bedrooms- 3 and 1 additional in basement (nonconforming)

Bathroom-1 ½

Gas furnace

1 Propane tanks included / Full

Gas Water heater

Well

Exterior- Steel Siding

Roof- Newer with asphalt shingles

Foundation- Concrete block

Interior finish- Plaster

Square Footage- 1,603

Garage- Attached (2 car) 672 sq/ft

Out building 1979 Steel utility building, 50x78

Out building 1900 Pole barn 20’x24’

Out building 1966 Silo feed shed 10’x20’

Out building 1940 Utility building 40’x42’

Out building 1940 Utility building 80’x80’

Grain bins- Silo 1900 20’ diameter x 60’ tall #15,147 bu


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HOUSE & ACREAGE INFO (3879 ERICKSON AVE STRATFORD, IA 50249) WEST SIDE

Sells with tract 3- 40 ac +/-

Year built – 1895

School District – Stratford

Occupancy - Single family dwelling

Style- 1 ½ story

Bedrooms- 3

Bathroom-1

Gas furnace

1 Propane tanks included

Gas Water heater

Well

Exterior- Steel Siding

Roof- Newer with asphalt shingles

Foundation- Concrete

Interior finish- Plaster

Square Footage- 1,307

Garage- Attached (2 car) 672 sq/ft dirt floor


Open House

Open House on September 2nd 4pm-6pm

Notes:

The buyer of the acreage will need to allow access for the current farmer to run cattle on the corn stocks. The acreage will not be able to change any of the fence line or use the barn until march. (Or agreed upon date with tenant).

The hot wire fence around the land will not sell with the farm, as the owner would like to keep it as well as the t- posts.

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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