HARDIN COUNTY: 387 ACRES M/L
FRIDAY, APRIL 4, 2025 at 10:00 AM
ECC AGRICULTURAL CENTER
705 ELLSWORTH AVENUE
IOWA FALLS, IOWA
LISTING AGENTS:
LISTING # 25102
DESCRIPTION: 387 acres m/l to be offered in three individual tracts at auction on Friday, April 4th, 2025, at 10:00 A.M. Tract 1 consists of 153 acres m/l with 149 taxable acres m/l and 149 cropland acres m/l with a CSR2 of 87.5. Tract 2 consists of 160 acres m/l with 156 taxable acres m/l and 156 cropland acres m/l with a CSR2 of 88.1. Tract 3 consists of 74 acres m/l with 73 taxable acres m/l and 73 cropland acres m/l with a CSR2 of 81.5. The Hardin County average CSR2 is 79.5.
DIRECTIONS: From Iowa Falls, Iowa, go south on State Highway 65 to county rock road 155th Street, then go east on 155th Street 1 mile. All property is located on and connected to N Avenue on the west, 150th Street on the north, and O Avenue on the east. Please watch for real estate signs.
TRACT 1
LEGAL DESCRIPTION: (153 Acres M/L) Northwest Quarter (NW1/4) of Section Thirty-two (32), Township Eighty-Nine (89) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa, Except the 7 acre building site. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 149 acres (Est)
Corn Base: 103 acres PLC Yield: 148 bu.
Bean Base: 46 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TAXES: $5,945/year. Property taxes will be prorated to date of closing.
TRACT 2
LEGAL DESCRIPTION: (160 Acres M/L) Northeast Quarter (NE1/4) of Section Thirty-two (32), Township Eighty-Nine (89) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 156 acres (Est)
Corn Base: 108 acres PLC Yield: 148 bu.
Bean Base: 46 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TAXES: $5,288/year. Property taxes will be prorated to date of closing.
TRACT 3
LEGAL DESCRIPTION: (74 Acres M/L) North One-Half of the Southeast Quarter (N1/2 SE1/4) of Section Thirty-two (32), Township Eighty-Nine (89) North, Range Twenty (20), West of the 5th P.M., Hardin County, Iowa, Except Parcel 892032400003. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 73 acres (Est)
Corn Base: 50 acres PLC Yield: 148 bu.
Bean Base: 23 acres PLC Yield: 44 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
TAXES: $2,298/year. Property taxes will be prorated to date of closing.
TRACTS 1, 2, & 3 IMPROVEMENTS: These properties are unimproved except for field drainage tile and perimeter fence.
TRACTS 1, 2, & 3 FARM LEASE: All tracts are rented for the 2025 crop year. The current rent for that period is $287/acre based on FSA acres. The rent for each tract is paid on December 1. The buyers of the parcels will receive 100% of the cash rent due on December 1, 2025. Contact the auctioneer for details. The lease for 2026 has been terminated.
TERMS AND CONDITIONS
SALE METHOD: Tracts 1, 2, & 3 will be offered as individual tracts and will not be combined. Tract 1 will be sold as 153 acres m/l, Tract 2 will be sold as 160 acres m/l and Tract 3 will be sold as 74 acres m/l.
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 July 1, 2025, subject to the current cash rent lease and current tenant’s rights for the 2025 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 on the advertised tracts only.
CLOSING: Closing will occur on or about July 1, 2025. The balance of the purchase price will be payable at closing in 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 on the advertised tracts only.
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: Jason Hyland
SELLERS: Douglas J. Musson Estate
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.
