HARDIN COUNTY: 118 ACRES M/L
FRIDAY, NOVEMBER 8, 2024 at 3:00 PM
ECC AGRICULTURAL CENTER
705 ELLSWORTH AVENUE
IOWA FALLS, IOWA
LISTING AGENT:
LISTING # 24128
DRONE VIDEO COMING SOON
DESCRIPTION: 118 acres m/l to be offered at auction on Friday, November 8th, 2024, at 3:00 P.M. This property consists of 118 acres m/l, of which there are 116.87 taxable acres m/l and 115.84 cropland acres m/l. This tract has an average CSR2 of 76.7, with the Hardin County average CSR2 being 79.5.
DIRECTIONS: From Alden, Iowa, go west on County Highway # 57 to B Avenue, then go north on B Avenue 2 miles. The subject property is located on the east side of B Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (118 Acres M/L) South One-Half of the Southwest Quarter (S1/2 SW1/4), Except Parcel A; South One-Half of the South One-Half of the Northwest Fractional Quarter (S1/2 S1/2 NW Frl. 1/4), all in Section Four (4), Township Eighty-nine (89) North, Range Twenty-two (22), West of the 5th P.M., Hardin County, Iowa. Please refer to the abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 115.84 acres
Corn Base: 71.28 acres PLC Yield: 170 bu.
Bean Base: 39.11 acres PLC Yield: 46 bu.
Of the 115.84 crop acres m/l, there are 5.45 acres in CRP paying $377.01/acre or $2055/year until 2030. This CRP is located on the east side of the property.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is rented for the 2024 crop year. Seller will retain 100% of the 2024 crop income or cash rent. The lease for 2025 has been terminated.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
PROPERTY TAXES: $3,722/year. Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 118 acres m/l. Please note that this is a contract sale, with 50% of the purchase price due at closing on or about December 27, 2024, and the balance due on or about January 10, 2025.
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about December 27, 2024, subject to the current cash rent lease and current tenant’s rights for the 2024 crop year.
CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs based on the number of advertised tracts.
CLOSING: Closing will occur on or about December 27, 2024. The balance of the purchase price will be payable on or about January 10, 2025, with cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.
BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.
ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted.
ATTORNEY: Richard Bordwell
SELLERS: J & P Driscoll Farms, LLC
This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller.All potential buyers are urged to perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
