1480 Vail Avenue , Klemme, IA 50449(Hancock County)

This century farm was purchased February 24, 1917 by the Trampel family and is available for sale for the first time in 107 years! This property encompasses approximately 120 +/- deeded acres and 114.38 +/- net taxable acres, featuring valuable tillable farmland as well as an acreage situated along a hard surface road, providing convenient access. The tillable land is particularly noteworthy, boasting a CSR2 soil rating of 83.8 which is above county average, giving this farm excellent productivity for agriculture. This farm not only carries a rich legacy but also presents a fantastic opportunity for those looking to invest in high-quality agricultural land in a desirable location.

Please contact LandProz Auction Manager JJ Wise at 641-420-7355 for more information regarding this auction.

TRACT 1

6 +/- Deeded Acres

5.72 +/- Net Taxable Acres

5 Bedroom & 2 Bathroom

Acreage

2 Story home, built in 1900

Total square foot: 1,304 sq. ft.

36' x 60' Post frame building

Belmond-Klemme School district

Real Estate taxes $1,310 [estimated]

TRACT 2

114 +/- Deeded Acres

108.66 +/- Net Taxable Acres

106.92 +/- Tillable Acres

CSR2 of 83.8

Prominent soil types: Nicollet Clay Loam, Webster Clay Loam & Canisteo Clay Loam

Century farm

2023 Actual Yields: Corn Base 217 / Soy Bean Base 58

2022 Actual Yields: Corn Base 264 / Soy Bean Base 63

New cooperative located in Klemme, IA

Five Star Coop - Feed Mill located in Klemme, IA

5 miles from Klemme, IA

Possession immediately following closing

Real Estate taxes $3,086 [estimated]

OWNER

Ruth M. Trampel Trust

AUCTION LOCATION

Online

or

In-Person at the Klemme Library

204 East Main Street, Klemme IA

PROPERTY ADDRESS

Home address [Tract 1]

1480 Vail Avenue, Klemme IA

TERMS

$20,000 down [non-refundable] of earnest money on Tract 1 on the day of the auction. $100,000 down [non-refundable] of earnest money on Tract 2 on the day of the auction. Earnest money will be held in the listing brokerage escrow account until closing. We will sell Tract 1 first, then hold the bid and sell Tract 2. We will then re-open tract 1 for bidding if, and only if, land buyer is interested in the acreage. Acreage buyer has the right to purchase additional acres for the price per tillable established on tract 2 [up to, but no more than, 5 +/- acres adjacent to property and square]. Tract 1 will sell as one lump sum price and Tract 2 we will use 114 as our multiplier. There will be a Buyer's Premium of 2% added to the final purchase price. Tract 1 is sold in "as-is" condition and the septic system is non-compliant. Only approved bidders will be registered to bid. Philip Garland will be the closing Attorney. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before December 30, 2024. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee it's accuracy.