MARION COUNTY: 153 ACRES M/L
$16,000/ACRE
WEDNESDAY, AUGUST 25, 2021, at 10:00 AM
PELLA MEMORIAL BUILDING
829 BROADWAY
PELLA, IOWA
LISTING AGENTS:
Archie Kuntz (641-510-2109)
LISTING #21119
DESCRIPTION: 153 acres m/l to be offered at auction on Wednesday, August 25th, 2021, at 10:00 A.M. This property consists of 153 acres m/l, of which there are approximately 148 taxable acres and 148 cropland acres m/l. This tract has an average CSR2 of 81, with the Marion County average CSR2 being 57.6.
DIRECTIONS: From Pella, Iowa, go NW on Washington Street. Before accessing New Highway #163, turn right on to Old Highway #163 for 1/4 mile to 210th Avenue, then north on 210th Avenue approximately 1/2 mile or as you are coming SE on New #163, exit at the Washington Street Exit, then turn left and go to Old #163 about 1/4 mile, turn left onto Old Highway #163 and go to 210th Avenue, then north on 210th Avenue 1/2 mile to the subject property. This property is located on the east side of 210th Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (153 Acres M/L) North Thirty (30) Acres of the Northeast Quarter of the Southwest Quarter; North Thirty (30) Acres of the Northwest Quarter of the Southwest Quarter; South Ten (10) Acres of the Northwest Quarter of the Southwest Quarter; South Ten (10) Acres of the Northeast Quarter of the Southwest Quarter; Southwest Quarter of the Southwest Quarter, Southeast Quarter of the Southeast Quarter, Except Parcel #1363700200, Parcel #1364100000 and Except Parcel “A,” all in Section Thirty-three (33), Township Seventy-seven (77) North, Range Eighteen (18), West of the 5th P.M., Marion County, Iowa. Said Parcel to contain 153 acres more or less. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 148 acres (Est)
Corn Base: 73.60 acres PLC Yield: 157 bu.
Bean Base: 73.30 acres PLC Yield: 54 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
TAXES: $4,800/year (Est)
Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property has had tile and drive-over terraces installed with the ability to farm with larger equipment. Contact the auctioneer for tile information. The other improvements are other field drainage tile and perimeter fence.
FARM LEASE: The subject property is presently rented for the 2021 crop year. The sellers will retain 100% of the crop income or cash rent for 2021 on the subject property. The lease for 2022 has been terminated.
#21119 TERMS AND CONDITIONS
SALE METHOD: This tract will be sold as an individual tract of 153 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 October 15, 2021, subject to the current cash rent lease and current tenant’s rights for the 2021 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.
CLOSING: Closing will occur on or about October 15, 2021. 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.
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 can not 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: Fred Kreykes
SELLERS: Van Ee Land Company, Inc
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 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.
