Madrid, IA 50156(Boone County)

Auctioneers Note: This is a well located high quality tract of farmland and the Zomer Company is honored to have been selected by the Arnold family to offer for sale at auction this quality tract of land! When a high quality farm comes for sale it is something that you want to strongly consider purchasing as quality farms in this locale are not available every day! Make plans today to purchase this farm and call it your own!

Abbreviated Legal Description: Land located in the NW1/4 of the NW1/4 of Section 24, TWP 82N, Range 26W, (also known as Boone County Parcel No. 088226242200002), AND the SW1/4 of the SW1/4 of Section 13, TWP 82N, Range 26W, (West of Highway) excluding Parcel A (Also known as Boone County Parcel No. 088226133300003), AND Lot 2 of 1 in the SW1/4 of the NW1/4 of Section 24, TWP 82N, Range 26W (Also known as Boone County Parcel No. 088226242300002), all in Boone County, IA. TO BE SURVEYED. Copy of Deed for full legal description is available. Subject to all drainage easements/districts and wind easements/assessments and other easements if any, and public roads of record. This land is located in Drainage Districts 136 & 112.

General Description: This is an incredible opportunity to purchase a well located farm with good soil ratings, drainage tile installed and a nice topography! This farm is estimated to contain approx. 84+/- gross acres however a survey will be conducted prior to the auction to determine the exact gross acres. According to FSA, this farm contains approx. 84.13+/- tillable acres This farm has a corn base of 63 acres and a PLC yield of 158bu and a soybean base of 21.10 acres and a PLC yield of 57bu. This farm is classified as NHEL. The predominant soil types include: L55-Nicollet, L138B-Clarion, L107-Webster, L507-Canisteo, L62C2-Storden, L138C2-Clarion. The average CSR2 is 89.3!! This farm also has several thousand feet of drainage tile line installed and county tile! When you look to purchase a tract of land both as an investor and as a farmer you typically like to look for a few key indicators of a powerful tract of land which include a higher soil rating, drainage tile installed, nice topography, a great location and a farm which is conducive for farming with larger equipment! This farm offers all of those things to its owner! If you are looking at adding a farm to your operation or purchasing a farm as an investment then strongly consider purchasing this farm! Buying land is a way that many familys have been able to set up their future generations for long term success both as a part of your farming operation and also as an investment that can provide annual dividends through both farming it or as investment through leasing the farm to other farmers! If you are in the market at all for a tract of farmland in Boone County, IA then this is an opportunity that you will not want to take lightly! The famous saying is Dont wait to buy land, Buy land and wait!

Method of sale: Auction Location: Auction of the property will be held at the Tiger Bowl Parking lot in Madrid, IA (205 Annex Road, Madrid, IA) Farm will be sold with the final bid price times the gross surveyed acres. The gross acres will be adjusted based on the final survey.

Taxes: The current Real Estate Taxes according to the Boone County Treasurer are approx. $3,167.00 per year. Real Estate Taxes will be pro-rated through December 31, 2025. This property is also in drainage district 136 and 112. Buyer will be responsible for all drainage assessments which are due and payable for drainage assessments made which are due on the tax statements sent out in the fall of 2026 and all future assessments. Seller will be responsible for all assessments made which were due as part of the statements sent out in the fall of 2025. Drainage district 112 will have a drainage assessment that will be assessed and due as part of the tax statements sent out in the fall of 2026. Contact an agent for details.

Possession: Buyer will receive possession of the farm on March 1, 2027. This farm is leased for the 2026 crop year. The buyer will receive at closing the full rent for 2026 from the seller and also an attractive rent subsidy from the seller also! Contact an agent for details!

Terms: Purchaser(s) will be required to pay a non-refundable 15% of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before April 21, 2026. Buyer shall receive a clear and merchantable title to the property on closing day. This property is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All buyers are encouraged to do buyers due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This farm is located within county drainage districts and have county drainage tile installed, buyer will be responsible for all future drainage assessments, if any. Buyer shall also comply with all drainage easements and any other environmental requirements. If buyer delays closing, penalties may apply. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Jacqui Grotewold, Murphy, Collins & McGillAttorney for sellers.

Allen & Mary Arnold Joint Revocable Trust Dated February 14, 2015Owners