Rock Rapids, IA 51246(Lyon County)

Location: From the West side of Rock Rapids, IA, go West on HWY 9 for 2 miles to Garfield Ave. Then go South on Garfield Ave for 3/4 mile to Tract 1. Continue on Garfield Ave to 160th St. and go 1/4 mile West. You will reach Tract 2. If you continue for 1/4 mile further West on 160th St., you will reach Tract 3. These Tracts are all adjoining and Tract 2 is located directly West of Tract 1. Tract 3 is located directly West of Tract 2. Auction to be held at the Alvord, IA CFE fertilizer plant (2108 Eagle Ave., Alvord, IA) just West of Alvord, IA.

Sale Date: November 13, 2024 10:30 A.M.

Auctioneers Note: The Zomer Company is honored to represent the Schnepf family in offering at auction this outstanding legacy of farmland! This is a fantastic opportunity to build your familys legacy by purchasing one or several or all of these high quality tracts of farmland!

Abbreviated Legal Description of Tract 1: Parcel F in the SE1/4 of Section 2, TWP 99N, Range 46W, Lyon County, IA. Subject to all public roads and easements of record.

General Description of Tract 1: According to the recent survey this farm consists of 45.41+/- gross acres. According to FSA/Survey, this farm contains approx. 43.23+/- tillable acres. This tract of farmland is completely tillable with the only exception being the road and ditch! This farm has a corn base and soybean base which is combined with the adjoining farmland with a PLC yield of 174bu on corn and a PLC yield of 47bu on soybeans. This farm is classified NHEL. The predominant soil types include: 410B-Moody, 910B-Trent, 411B-Egan, 92-Marcus. The average CSR1 is 65.8. The average CSR2 is 70.3. This farm is one of those farms when you ride by it you can be proud to own! This farm is one that checks all of the boxes including long rows, good soil ratings, nearly all tillable, and a good topography! The famous saying is Dont wait to buy land. Buy land and wait! If you choose to make the decision to purchase this farm, it is a decision that your future generations will thank you for making!

Abbreviated Legal Description of Tract 2: Parcel E in the S1/2 of Section 2, TWP 99N, Range 46W, Lyon County, IA. Subject to all public roads and easements of record.

General Description of Tract 2: According to the recent survey this farm consists of 51.27+/- gross acres. According to FSA/Survey, this farm contains approx. 50.35+/- tillable acres. This farm is nearly 100% tillable with only 0.92 of road and ditch being non tillable! This farm has a corn base and soybean base which is combined with the adjoining farmland with a PLC yield of 174bu on corn and a PLC yield of 47bu on soybeans. This farm is classified NHEL. The predominant soil types include: 411B-Egan, 910B-Trent, 410B-Moody. The average CSR1 is 62.6. The average CSR2 is 73.3. When you hear people talk about high quality Lyon County, Iowa farmland, this is the type of farm they are referring to! This farm is the type of farm that checks all of the boxes including good soil ratings, long rows and it is nearly all tillable! Investors and farmers, you will want to take purchasing this farm into serious consideration as a farm of this quality and nature in this area may not be available for purchase again for many years! Dont wait to buy land. Buy land and wait!

Abbreviated Legal Description of Tract 3: Parcel D in the SW1/4 of Section 2, TWP 99N, Range 46W, Lyon County, IA. Subject to all public roads and easements of record.

General Description of Tract 3: According to the recent survey this farm consists of 96.35+/- gross acres. According to FSA/Survey, this farm contains approx. 92+/- tillable acres. This farm has a corn base and soybean base which is combined with the adjoining farmland with a PLC yield of 174bu on corn and a PLC yield of 47bu on soybeans. This farm is classified NHEL. The predominant soil types include: 410B-Moody, 411B, C2-Egan, 92-Marcus, 910, B-Trent, 33C-Steinauer. The average CSR1 is 65.4. The average CSR2 is 75. When you hear people talk about high quality Lyon County, Iowa farmland, this is the type of farm they are referring to! This is an outstanding opportunity to purchase a larger tract of farmland! Investors and farmers, you will want to take purchasing this farm into serious consideration as a farm of this quality and nature in this area may not be available for purchase again for many years! Dont wait to buy land. Buy land and wait!

Method of sale: Auction to be held at the Alvord, IA CFE fertilizer plant (2108 Eagle Ave., Alvord, IA) just West of Alvord, IA. Tracts will be offered first in the choice method. The top bidder of the round of choice will have the option to select the tract of their choice, or any combination of the remaining tracts. Rounds of choice will continue until all of the tracts are sold. If multiple tracts are still remaining in the 2nd round of choice, the top bidder of that round of choice will have the option to select the remaining tract of their choice or both of the remaining tracts. If 2 rounds of choice happen and the top bidder in each round only selects one of the tracts, then whichever tract is remaining will then be sold. Once a tract is sold, it will remain sold and will not be available for purchase again. Tracts will not be combined in any way other than the opportunity to select multiple tracts during the round of choice.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $1,135.25 per year on Tract 1, approx. $1,281.75 per year on Tract 2 and approx. $2,408.75 per year on Tract 3. Taxes will need to be reassessed due to the recent survey completed. Taxes will be pro-rated through December 31, 2024.

Possession: Possession will be on March 1, 2025. These farms are available to farm for the 2025 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 on closing day which will be on or before December 16, 2024. Buyer shall receive a clear and merchantable title to the property on closing day. These farms are 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. 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. All buyers are encouraged to do buyers due diligence. 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. If buyer delays closing, penalties may apply. 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 KippleyAttorney for sellers.