POLK COUNTY: 116 ACRES M/L
FRIDAY, NOVEMBER 22, 2024 at 10:00 AM
RUNNELLS FIRE STATION
104 BROWN STREET
RUNNELLS, IOWA
LISTING AGENT:
LISTING # 24130
DESCRIPTION: 116 acres m/l to be offered at auction on Friday, November 22nd, 2024, at 10:00 A.M. This property consists of 116 acres m/l, of which there are approximately 115.39 taxable acres and 98.5 cropland acres m/l. This tract has an average CSR2 of 83.6, with the Polk County average CSR2 being 70.7.
PREMIUM FEATURES: This property is located at 1301 SE 92nd Street, Runnels, which is 6 miles SE of the Southeast Polk School complex. This location gives an owner over 3/4 mile of hard surfaced roads along the west side of the property and provides great access to State Highway 163 and Interstate 80 to the north. With rural water available in the area, this allows for future development, and with the property being zoned Agricultural/Residential this also provides a nice country setting for single family homes.
DIRECTIONS: From Runnells, Iowa, go north on County Highway 316 to County Blacktop F-70, then go west on F-70 to SE 104th Street, then north on SE 104th Street to SE 32nd Avenue, then west on SE 32nd Avenue to SE 92nd Street, then north on SE 92nd Street to SE 20th Avenue. The subject is located in the NE corner of SE 92nd Street and SE 20th Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: (116 Acres M/L) Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4); West One-Half of the Southeast Quarter (W1/2 SE1/4), all in Section Eight (8), Township Seventy-eight (78) North, Range Twenty-two (22), West of the 5th P.M., Polk County, Iowa. Please refer to the abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 98.5 acres
Corn Base: 52.7 acres PLC Yield: 169 bu.
Bean Base: 31.06 acres PLC Yield: 47 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is rented for the 2024 crop year. Sellers will retain 100% of the crop income or cash rent for 2024. The lease for 2025 has been terminated.
PROPERTY TAXES: $8,152/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property has 2 residences located on it. The information on these is as follows:
1. This is a manufactured home that was built in 1984. This home has 1482 square feet of living space, 2 bedrooms, and 2 baths. The home has a forced air furnace, AC, metal siding, and a metal roof. This home is in poor condition and is being sold “As Is”.
2. This is an older two-story home that was built in the early 1900’s. This home has a total of 1608 square feet of living space with a full basement. The home has an asphalt roof, metal siding, and a gas furnace. This home is in poor condition and is being sold “As Is”.
This property has some older outbuildings that are in average to poor condition and many are not usable for today’s modern machinery. All are being sold “As Is”.
Other improvements are field drainage tile and perimeter fence.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 116 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 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 advertised tract.
CLOSING: Closing will occur on or about December 27, 2024. 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 based on advertised tract.
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: Brad Skinner
SELLERS: VAD Trust & CSP Trust
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.
