Auction Information
Online Bidding SiteMontgomery County Real Estate
TRACT 1: Consists of 149 +/- acres with 130.18 tillable acres according to the Montgomery County FSA Office. The tillable ground is currently in crop production, is terraced and waterwayed, the balance of Tract 1 is a couple wooded draws in the south east and southwest corner. There are also two small grain bins on this tract and an older model hog house that is being used for storage. Tract 1 has frontage and access off Sommer Road that runs along the northside.
TRACT 2: Consists of 75+/- acres with 69.96 tillable acres according to the Montgomery County FSA Office. It is terraced and waterwayed and is currently in crop production.
It has frontage and access of Sommer Road that runs across the north end.
Rural water runs down Sommer Road.
There has been a survey commissioned for both tracts, when it is complete, we will adjust advertised acres to exact surveyed acres fo...
There has been a survey commissioned for both tracts, when it is complete, we will adjust advertised acres to exact surveyed acres for the contracts and closing.
The crop land acres have been cash rented for the 2022 crop year at a rate of $180.00 FSA tillable acres
The seller will retain the April 2022 payment (1/2) and the November (1/2) payment will go to the new buyer)s).
Mark Stevens (573-220-4451) is the current farm tenant.
There are no structural improvements on the Sommer property.
NOTE: The Sommer Property has been in the same family for decades and represents some high quality, highly tillable farm land with good conservation measures in place. In addition, it has a good location just off Highway 19, I-70 and the Greater St. Louis and St. Charles County Metropolitan Area.
TERMS & CONDITIONS: Buyers to pay 10% down sale day with the balance due and possession given in 30 days or less subject to the current farm tenancy. Cost of title preparation, title insurance premium and closing costs to be split 50/50 between the seller and new buyer(s). The 2022 property taxes will be split 50/50 between the seller and buyer(s). The first (1/2) payment for the 2022 crop rent will be retained by the seller. The second payment (1/2) will go to the new buyer(s) on a per acre basis.
SELLER: SYLVESTER SOMMER TRUST
Directions
From Montgomery City, MO take Highway 19 north 6 miles OR From Wellsville, MO take Highway 19 south 2 miles to Sommer Road, turn and go east 625 yards to Tract 2 on the right and 1 mile to Tract 1 on the right