Auction Information
Live Public Auction Of 2 Separate 40+/- Acre Tracts Of Farmland
Upcoming Live Public Auction Of 80+/- Acres
Of Richland TWP, Lyon County, IA Farmland
To Be Sold In Two 40+/- Acre Tracts
This Land Is Located Southeast Of Inwood, IA &
Northwest Of Rock Valley, IA & West Of Doon, IA!
This Is An Excellent Opportunity!
Tract 1 Location: From Oak Street Station in Inwood, IA go South on US HWY 18 (Chestnut Ave) for 2 miles to 260th St. then go 3 miles East on 260th St. to Dipper Ave then go South on Dipper Ave for 1/2 Mile. Farm is on the West side of Dipper Ave.
Tract 2 Location: From Oak Street Station in Inwood, IA go South on US HWY 18 (Chestnut Ave) for 2 miles to 260th St. then go 2 1/2 miles East on 260th St.. This tract of land does not adjoin the road. This farm is accessed through an access easement from the adjoining property located to the South of this property.
Auction for both of the tracts will be held at Tract 1.
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Auctioneers Note: Our company is honored to have been selected by the Niemeyer family to offer at auction these fantastic tracts of farmland! This land is located in an excellent area where land is known to be some of the best farmland in Lyon County, IA! Choosing to purchase farmland is an investment that you will be glad you chose to invest in!
Sale Date: April 5, 2024 10:30 A.M.
Legal Description of Tract 1: The S1/2 of the S1/2 of the NE1/4 of Section 34, TWP 98N, Range 47W, Lyon County, IA. Sold subject to public roads and easements of record. Sold Subject to a Summit Pipeline Easement through the property and Dakota Access Pipeline easement through the property.
General description of Tract 1: According to the Lyon County Assessor , this property contains 40+/- gross acres. According to FSA, this farm contains approx. 38.77+/- tillable acres. This farm is classified as HEL. The predominant soil types include: 410B2, C2-Moody, 430-Ackmore, 910B-Trent. The average CSR2 is 66 and the average CSR1 is 55.2. This is a high quality farm which can be farmed in 1/2 mile rows!! This farm has a corn base of 19.40 acres with a PLC yield of 164bu and a soybean base of 19.37 acres with a PLC yield of 50bu. 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! The owners of this farm have signed a pipeline easement agreement with Summit Carbon which will go through this property. Contact an agent for details!
Legal Description of Tract 2: The NW1/4 of the SE1/4 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 40+/- gross acres. According to FSA, this farm contains approx. 39+/- tillable acres. This farm is classified as HEL. The predominant soil types include: 410B, B2, C2-Moody, 430-Ackmore, . The average CSR2 is 68.3 and the average CSR1 is 56.7. This farm has a corn base of 24.90 acres with a PLC yield of 95bu and a soybean base of 10.90 acres with a PLC yield of 34bu. 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! This farm is accessed through an access easement through the adjoining property to the South of this property. . Buyer shall be required to install a field driveway for access at buyers sole expense. Contact Agents For Details!
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. Tracts will be sold in the order listed and will not be combined in any way.
CLICK HERE TO VIEW A VIDEO OF THE FARMLAND
Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $878.00 per year on Tract 1, approx. $920.00 per year on Tract 2. Seller will pay the 2023 taxes which are due and payable in March and Sept of 2024.
Possession: Possession will be on March 1, 2025. These farms are leased for the 2024 crop year and the buyer shall receive at closing the full rent for the 2024 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 shall be on or before May 17, 2024, 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 and subject to court approval. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.
Robert Stewart & Jeremy Saint, Crary Huff Law Firm, Attorneys for Trust.
Edwin & Marilyn Niemeyer Revocable Trust- Owner
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Tract 1 Location: From Oak Street Station in Inwood, IA go South on US HWY 18 (Chestnut Ave) for 2 miles to 260th St. then go 3 miles East on 260th St. to Dipper Ave then go South on Dipper Ave for 1/2 Mile. Farm is on the West side of Dipper Ave.
Tract 2 Location: From Oak Street Station in Inwood, IA go South on US HWY 18 (Chestnut Ave) for 2 miles to 260th St. then go 2 1/2 miles East on 260th St.. This tract of land does not adjoin the road. This farm is accessed through an access easement from the adjoining property located to the South of this property.