WRIGHT COUNTY: 224 ACRES M/L
FRIDAY, NOVEMBER 8, 2024 at 10:00 AM
HEARTLAND MUSEUM
119 9TH STREET SW
CLARION, IOWA
LISTING AGENTS:
Kellen Suntken (515-571-8565)
LISTING # 24129
DESCRIPTION: 224 acres m/l to be offered in two individual tracts at auction on Friday, November 8th 2024, at 10:00 A.M. Tract 1 consists of 76 acres m/l, of which there are 73 taxable acres m/l and 72.26 cropland acres m/l. Tract 2 consists of 148 acres m/l, of which there are 146.04 taxable acres m/l and 134.73 cropland acres m/l. Tract 1 has an average CSR2 of 78.7 and Tract 2 has an average CSR2 of 81.4, with the county average CSR2 being 78.6.
DIRECTIONS: Tract 1: From Belmond, Iowa, go north on State Highway 69 to County Blacktop C-20, then go west on C-20 to Lee Avenue, then go north on Lee Avenue 1.5 miles. Tract 1 is located on the east side of Lee Avenue. Tract 2: From Belmond, Iowa, go north on State Highway 69 to County Blacktop C-20, then go west on C-20 5.5 miles. Tract 2 is located on the north side of C-20. Please watch for real estate signs.
TRACT 1
LEGAL DESCRIPTION: (76 Acres M/L) West One-Half of the Northwest Quarter (W1/2 NW1/4), all in Section Twelve (12), Township Ninety-three (93) North, Range Twenty-five (25), West of the 5th P.M., Wright County, Iowa, Except the South 275’ of the West 633’ of the SW1/4 NW1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 72.26 acres
Corn Base: 42.97 acres PLC Yield: 164 bu.
Bean Base: 29.21 acres PLC Yield: 41 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $2,318/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACTS 1 & 2: FARM LEASE: Sellers are to retain all of the 2024 cash rent or crop income due for 2024. The lease for 2025 has been terminated.
TRACT 2
LEGAL DESCRIPTION: (148 Acres M/L) Southwest Quarter (SW1/4 ), all in Section Eighteen (18), Township Ninety-three (93) North, Range Twenty-four (24), West of the 5th P.M., Wright County, Iowa, Except the Cemetery in the SE1/4 SW1/4 and Except Parcels 0318300004, 0318300005, and 0318300005 in the SW1/4 SW1/4. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 134.73 acres
Corn Base: 66.4 acres PLC Yield: 147 bu.
Bean Base: 66.4 acres PLC Yield: 40 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,292/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is improved with a 44’ x 64’ pole machine shed with metal sidewalls and a metal roof. The other improvement is an older 18’ round metal bin. Additional improvements would be drainage tile and perimeter fence.
TERMS AND CONDITIONS
SALE METHOD: Tracts 1 & 2 will be offered as two individual tracts and will not be combined. Tract 1 will be sold as 76 acres m/l and Tract 2 will be sold as 148 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 the advertised tracts.
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 the advertised tracts.
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: Adam Doll
SELLERS: Clifford M. Olson 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.
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