UNRESERVED ESTATE LAND AUCTION
NEW LONDON, IOWA
Located 2 miles east of NEW LONDON, IA on Highway 34 then 3 miles north on Jimtown Road.
TUESDAY, AUGUST 23, 2011 AT 1:02 P.M.
THIS LAND SELLS POSITIVELY TO THE HIGHEST BIDDER!!
125.59 ACRES - SELLS IN THREE TRACTS!
SELLING CHOICE WITH THE PRIVILEGE!
TRACT #1: 42.58 ACRES M/L
FSA information:
Approximately 40.24 acres tillable
Corn suitability rating is 75.6
Majority soils are Hedrick & Mahaska
TRACT #2: 42.47 ACRES M/L
FSA information:
Approximately 36.85 acres tillable
Corn suitability rating is 69.4
Majority soils are Givin & Hedrick
Open face metal machine shed & corn crib
TRACT #3: 40.54 ACRES M/L
FSA information:
Approximately 38.65 acres tillable
Corn suitability rating is 87.6
Majority soils are Mahaska & Taintor
PRIME FARMLAND 87.6 CSR!
GENERAL INFORMATION ON ENTIRE FARM
124 bushel corn yield with 110.3 acre corn ...
124 bushel corn yield with 110.3 acre corn base
38 bushel bean yield with 5.4 acre bean base
Located in Section 29, Pleasant Grove Township, Des Moines County, Iowa.
Buyer will have fall tillage privileges!
TERMS: 20% down payment on August 23, 2011. Balance to be paid on or before November 1, 2011 upon delivery of merchantable abstract and deed.
POSSESSION: November 1, 2011 (Subject to seller's rights to the crop and all tenant's and sellers rights)
REAL ESTATE TAXES: Seller will be responsible for all real estate taxes through June 30, 2011. Seller shall pay any unpaid real estate taxes payable in prior years.
The following taxes are approximate.
Tract #1
Gross: $1314.38
Ag Credit: $57.69
Net: $1256.00 (rounded)
Tract #2
Gross: $1560.82
Ag Credit: $68.51
Net: $1492.00 (rounded)
Tract #3
Gross: $1394.46
Ag Credit: $57.41
Net: $1338.00 (rounded)
Not included: Unharvested Crops are reserved for the tenant and seller
SPECIAL PROVISIONS:
~ It shall be the obligation of the buyer(s) to report to the Des Moines County FSA office and show filed deed in order to receive the following if applicable: A) Allotted base acres. B) Future government programs.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ All tracts have been surveyed by a registered land surveyor.
~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.
~ If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband and wife constitute one buyer)
~ Buyer will have fall tillage privileges upon completion of the harvest of the 2011 crops.
~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
~ The buyer(s) acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
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