Auction Information
Online Bidding Site71.22 Acres Farmland in Shelby County, IA
Seller Financing Terms: PEASE READ- The seller will finance the purchase initially. The terms of the financing will be 10% earnest deposit on the day of the auction. An additional 23% will be due at the closing to complete the initial payment of 33%. An additional 33% will be due on May 15, 2025 and the final 34% of the purchase price will be due on January 15, 2026. All financing is interest free.
Legal Description: PT NE SE PARCEL C, PT NW SE PARCEL C, PT SW SE PARCEL C, PT SE SE PARCEL C Section 5-78N-40W
Possession Terms: Landlord possession at closing.
Closing Date: On or before January 4, 2024
Soil Productivity: 51.2 CSR2
FSA Farmland: 68.01
FSA Cropland: 68.01
Taxes: $2,012 Annual Real Estate
Earnest Deposit: 10% due upon Seller's acceptance of your bid
Auction Fee: $2,500.00 to be added to the purchase price.
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Research Parcel InformationDirections
From Shelby, head north on Rd M16 for 4.5 miles, then turn left onto Street F58. Continue for 0.9 miles. The farm will be on your left. Watch for signs.