Inwood, IA 51240(Lyon County)

Auctioneers Note: Our company is honored to have been selected by the Van Hattem family to offer for sale at auction these excellent Richland TWP, Lyon County, IA farms! This land has been in the Van Hattem family for many years! This is a once in a lifetime opportunity to purchase 240+/- acres of land all located within 1 mile! Auction will be held at the site of Tract 1.

Sale Date: December 7, 2022 10:30 A.M.

Legal Description of Tract 1: The East 1/2 of the NW1/4 of Section 27, TWP 98N, Range 47W, Lyon County, IA. Sold subject to public roads and easements of record.

General description of Tract 1: According to the Lyon County Assessor , this property contains 80+/- gross acres. According to FSA, this farm contains approx. 77.76+/- tillable acres. This farm is classified as NHEL. The predominant soil types include: 410B2, C2-Moody, 430-Ackmore, 910B-Trent. The average CSR2 is 67.7 and the average CSR1 is 62.6. This is a high quality farm which can be farmed in 1/2 mile rows!! This farm has a corn base of 39.10 acres with a PLC yield of 188bu and a soybean base of 38.66 acres with a PLC yield of 52bu. If you are looking to add a high quality Lyon County, IA farm to your operation or if you are looking for a great investment property then be sure to check this farm out today! This farm is one that checks all the boxes with 1/2 mile rows, good soil rating and very few non tillable acres! This is a fantastic opportunity to purchase a great farm in Richland TWP! Make plans today to attend this auction!

Legal Description of Tract 2: The N1/2 of the NW1/4 of Section 34, TWP 98N, Range 47W, Lyon County, IA. Sold subject to public roads and easements of record.

General description of Tract 2: According to the Lyon County Assessor, this property contains 80+/- gross acres. According to FSA, this farm contains approx. 75.86+/- tillable acres. This farm is classified as HEL. The predominant soil types include: 410B2, C2-Moody, 430-Ackmore, 401C2-Crofton. The average CSR2 is 67.4 and the average CSR1 is 55.7. This farm has a corn base of 37.70 acres with a PLC yield of 188bu and a soybean base of 38.16 acres with a PLC yield of 52bu. If you are looking to add a high quality Lyon County, IA farm to your operation or if you are looking for a great investment property then be sure to check this farm out today! This is a fantastic opportunity to purchase a great farm in Richland TWP! The owners of this property have signed an easement permitting the Summit pipeline to go through this property. Buyer will be given a reimbursement for crop damage at closing in the amount of $10,610.50. Contact an Agent for Details. Make plans today to attend this auction!

Legal Description of Tract 3: The E1/2 of the SW1/4 of Section 34, TWP 98N, Range 47W, Lyon County, IA. Sold subject to public roads and easements of record.

General description of Tract 3: According to the Lyon County Assessor , this property contains 80+/- gross acres. According to FSA, this farm contains approx. 78.02+/- tillable acres. This farm is classified as HEL. The predominant soil types include: 410B, B2, C2-Moody, 430-Ackmore, 133-Colo, 33D-Steinauer. The average CSR2 is 67.1 and the average CSR1 is 57.2. This farm has a corn base of 39.20 acres with a PLC yield of 188bu and a soybean base of 38.82 acres with a PLC yield of 52bu. If you are looking to add a high quality Lyon County, IA farm to your operation or if you are looking for a great investment property then be sure to check this farm out today! This is a fantastic opportunity to purchase a great farm in Richland TWP! Make plans today to attend this auction!

Method of sale: Farms will be sold with the final bid price x the gross surveyed acres. These farms will be surveyed with the final sale price to be based on the final gross surveyed acres. Auction will be held at the site of Tract 1. The tracts will be offered in the choice method. The top successful bidder of each round of choice will have the option to select the tract of their choice. Each top successful bidder in a round of choice will only be permitted to select 1 tract. After the first two rounds of choice whichever tract is remaining will then be sold. The tracts will not be combined in any way.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $1,766.00 per year on Tract 1, approx. $1,714.00 per year on Tract 2, approx. $1,738.00 per year on Tract 3. 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 with the remaining balance due and payable as follows: Closing on Tracts 1 & 3 will be on December 28, 2022 and closing on Tract 2 will be on January 19, 2023, when the buyer shall receive a clear and merchantable title to the property. These farms 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. 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. Klein & Klein Attorneys for seller

Jake Van Hattem Testamentary Trust- Owner