1421 Missouri 3 , Armstrong, MO 65230(Howard County)

Farm represents well-maintained highly productive farmland currently in excellent improved pastureland, CRP and row-crop production.

This is an outstanding opportunity to own a turnkey livestock facility with barns, sorting pens, grain bins, cross-fenced pastures, waterers, well-maintained move-in ready homestead, as well as a historic 2-story home.

TRACT INFORMATION

Tract 1 - 298.6 Surveyed Acres

FSA figures should indicate approximately 227.49 cropland acres

Land represents highly productive well-maintained highly productive cropland currently in excellent improved pastureland/hay production

Tract includes a 1,606 sq ft ranch home built in 1951 with 3-bedrooms, 1-bath, an open floor plan, fireplace, kitchen appliances, forced air furnace, central air, aluminum siding and a nice setting

Physical address of house: 1421 Hwy 3, Armstrong, MO 65230

Soil types: Winfield, Grundy, Mandeville, Sharpsburg, Weller, Fatima, Norris-Rock, Lindley-Keswick, Ladoga

Access from the east by Hwy 3

Tract 2 - 155.6 Surveyed Acres

FSA figures should indicate approximately 108.53 cropland acres

Land represents well-maintained improved pastureland and offers excellent hunting/recreational acreage

Soil types: Norris-Rock, Weller, Winfield, Fatima, Mandeville, Bremer

Access by way of a 30 deeded strip of land extending east to Hwy 3

Tract 3 - 129.8 Surveyed Acres

FSA figures should indicate approximately 96.34 cropland acres of which 67.8 are currently enrolled in CRP at a payment rate of $130.78 per acre through September 30, 2023

Land represents well-maintained productive cropland currently in improved pastureland/hay production and row-crop as well as excellent hunting/recreational acreage

Soil types: Norris-Rock, Weller, Lindley-Keswick, Fatima, Pershing, Ladoga, Windfield

Access from east by Hwy 3

Tract 4 - 238.1 Surveyed Acres

FSA figures should indicate approximately 132.14 cropland acres

Land represents well-maintained productive cropland currently in improved pastureland/hay production, hardwood timber and offers premier hunting/recreational acreage

Soil types: Winfield, Norris-Rock, Weller, Mandeville, Bremer, Pershing

Access from the east by way of 30 ingress/egress easement extending east to Hwy 3

Tract 5 - 20 Surveyed Acres

FSA figures should indicate approximately 13.71 cropland acres of which 5.2 acres are currently in CRP at a payment rate of $130.78 per acre through September 30, 2023.

Tract represents a beautiful, historic 2-story 2,069 sq ft home, original woodwork, big rooms, basement, covered back porch & 2-car detached garage all surrounded by open acreage which includes 8.21 open acres, 5.2 acres in CRP and balance in timber & wooded draws

Physical address of house: 1561 Hwy 3 Armstrong, MO 65230

Soil types: Lindley-Keswick, Norris-Rock, Weller, Ladoga

Access from the east by Hwy 3

METHOD AND TERMS

A survey has been completed and all tracts will be sold on a price per acre basis, based on the acreages obtained from the completed survey. Tracts 1-5 will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all of the 5 tracts for their high bid. Buyers Choice auctioning will continue until all tracts have been elected. The tracts will not be offered in their entirety at the end of the auction.

Bidding is NOT subject to financing, appraisal or inspection.

Immediately following the auction, the winning bidder(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Tri County Land Title Services, which shall hold the money in escrow until closing.

The balance of the purchase price will be due at closing which will take place on or before April 12, 2022 at Tri County Land Title Services. Possession will be given at the time of closing. Farm will sell free & clear for the 2022 crop year.

The 2022 real estate taxes and subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller. Closing costs will be split between the buyer & seller.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold AS IS.

Hayhurst Farms

Representing Attorney:

Rouner Law Office

David Rouner

400 N. Franklin Street

Kirksville, MO 63501

(660) 665-7515

Title Work:

Tri County Land Title Services

104 Professional Pkwy

Troy, MO 63379

(636) 775-2274

Auction Managers:

Bill Fretwell (660) 341-7735

Jennifer Wood (217) 257-8812