Inwood, IA 51240(Lyon County)

Auctioneers Note: Our company is honored to have been selected to offer for sale at auction this excellent tract of Lyon TWP, Lyon County, IA farmland! This is an inside tract of farmland and is in an area where land is not always available! Land buyers do not miss your opportunity to purchase this quality tract of Lyon County, IA farmland!

Sale Date: March 28, 2023 10:30 A.M.

Legal Description of Tract 1: The North 1/2 of the SE1/4 of Section 1, TWP 98N, Range 48W, 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. 79.07+/- tillable acres. This farm is classified as NHEL. The predominant soil types include: 410B, B2-Moody, 910, B-Trent, 430-Ackmore, 733-Calco, 401C2-Crofton. The average CSR2 is 68.5 and the average CSR1 is 65.3. This is a high quality farm!! This farm has a corn base of 54.36 acres with a PLC yield of 182bu and a soybean base of 23.46 acres with a PLC yield of 56bu. 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 and great soil ratings! This is a fantastic opportunity to purchase a great farm in Lyon TWP! Make plans today to attend this auction! This land is leased for the 2023 crop year and the buyer will receive the full rent at closing and will also receive an additional attractive rent subsidy from the seller! Contact agents for details!

Method of sale: This farm will be sold with the final bid price x the gross surveyed acres. This farm 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 the farmland.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $1,830.00 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, 2024. This land is leased for the 2023 crop year and the buyer will receive the full rent at closing and will also receive an additional attractive rent subsidy from the seller! Contact agents for details!

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 on closing day on or before May 30, 2023, when the buyer shall receive a clear and merchantable title to the property. The seller reserves the right to request the buyer to close on this farm on a 30 day notice if the seller desires to close sooner than May 30, 2023. 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 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. Buyer agrees to accommodate the seller with a 1031 exchange. 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. Katie Morgan Attorney for seller

Andrea Miller- Owner