Doon, IA 51235(Lyon County)

Auctioneers Note: Our company is honored to have been selected by the Elbert family to offer for sale at auction this tract of farmland! This land is located North of Doon, IA! This farmland offers a great opportunity to start your land portfolio or add to your current operation! Call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!

Legal Description: Parcel E in the SW1/4 of Section 12, TWP 98N, Range 46W, Lyon County, IA. Sold subject to public roads and easements of record.

General description: According to the survey, this property contains 151.37 gross acres. According to FSA, this farm contains approx. 144.93 tillable acres. This farm is classified as HEL. The predominant soil types include: 410B, B2, C2Moody, 430-Ackmore, 401C2, D2-Crofton, 37-Alcester, 31-Afton, 910, B-Trent, 27B-Terril, 92-Marcus, 311-Galva, 541D-Estherville-Salida and 899-Davis. The average CSR2 is 67.5 and the average CSR1 is 56.1. This is a high quality farm which is nearly 95% tillable! The current tenant has had an excellent yield history on this farm! This farm has a corn base of 141 acres with a PLC yield of 122bu and a soybean base of 0.30 acres with a PLC yield of 41bu. There also is a large amount of drainage tile line installed in this farm! This farm appears to have a good state of productivity and is well managed. This farmland would make a great addition to your current farming operation or would make a great investment opportunity! Make plans today to attend this auction!

Method of sale: Farm will be sold with the final bid price x the gross surveyed acres. Auction will be held at the site of the farmland.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $3,496.00 per year. Seller will pay the 2022 taxes which are due and payable in March and Sept of 2023.

Possession: Possession will be on March 1, 2023. This land is available to farm for the 2023 crop year.

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/installment contract with the remaining balance due and payable as follows: additional 35% of the purchase price will be due and payable on December 30, 2022 and the remaining 50% of the purchase price will be due and payable on January 3, 2023 when the buyer shall receive a clear and merchantable title to the property. This farm 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 are for informational purposes only and are not guaranteed to be actual boundary lines of the property. 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. All buyers are encouraged to do buyers due diligence. 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. Paul Kippley/Ben Vander Kooi are the attorneys for the seller.

Fred L. Elbert Revocable Trust Owner