1412 280th Street , Inwood, IA 51240(Sioux County)

Location: 1412 280th St., Inwood, IA. Or from Oak St. Station in Inwood, IA go 5 miles South on HWY 18 to BLKTP A54B/290th St. then go 4 miles West on BLKTP A54B/290th St. to Beech Ave then go 1 mile North on Beech Ave To Acreage Site/Tract 2. Continue on Beech Ave For 1 mile North from the Acreage site to Tract 3 and then continue 1/4 mile North on Beech Ave to Tract 4. Auction signs will be posted! Auction will be held at site of the acreage.

Auctioneers Note: We are honored to have had our firm selected by Roger & Jean Ranschau to sell this breathtaking scenic property nestled in the hills by Fairview, SD and good Lyon & Sioux County Farmland as they have decided to retire from their cow calf operation and farming operation and move to Western South Dakota!! This property provides an excellent opportunity to purchase a well maintained acreage with cattle facilities, pastureland & farmland!!! Make plans today to attend an open house and buy one of these excellent tracts!!

Abbreviated Legal Description of Tract 1: Parcel G in the SW1/4 of Section 3, Township 97N, Range 48, West of the 5th P.M. AND in the N1/2 of Section 10, Township 97N, Range 48, West of the 5th P.M., Sioux County, IA. Subject to all public roads and easements of record.

General Description of Tract 1: Wow to say the views and ambience at this acreage are breathtaking is an understatement! This scenic acreage and cattle facilities are in one of the most private locations available and provides endless opportunity for you or your family!! According to the survey this acreage site includes 86.90 acres with approx. 66 acres in pastureland/trees with the balance in acreage and cattle facilities. This property has a ranch style home with drivet siding new in approx. 2006 and cedar shake shingles new in approx. 2004. This home also had new windows in approx. 2006. This home has 3 bedrooms and 2 1/2 bathrooms. The main floor of this home has a master bedroom w/ master bath, very open rustic kitchen with open dining & living room concept (with wood burning fireplace) and main floor laundry. The lower level of this home features a walkout basement which includes 2 bedrooms, a full bathroom, and an open living room with kitchenette. This home has elec heat and central a/c. This home is very well maintained and is ready for you or your family to move in and start enjoying the breathtaking views and wildlife from the walkout deck!!! This property had a new septic system installed in August of 2019. The outbuildings on this property include a 50x 100 Varco Pruden Brand steel machine shed built in 2000, 20x 50 Varco Pruden Brand insulated storage building built in 2002, 40x 95 hoop building built in 2014, 40x 60 Commodity shed With 2 bays built in 2000, 55x 230 Morton Building with full working facilities, cattle/horse pens, 15x 50 lean to and insulated machinery storage built in 1976 & a 30x 60 hoop barn built in 2018. This property has 8 separate cattle yards with waterers and approx. 1,100 ft of fence-line bunk installed with concrete aprons. This property is on REC elec which in 2018 was approx. $4,377.00 & Lyon/Sioux Rural Water which in 2018 was approx. $2,883.00. The pastureland/trees on this property have barbed wire fence installed on all of the boundaries and is in above average condition. Be sure to attend an open house to take in all that this property has to offer!!! Buyer of Parcel G will be required to maintain all existing perimeter fences according to fence agreement drafted by sellers attorney except for the West boundary of Parcel G and East boundary of Parcel H & I will be shared responsibility with owners of Parcel H, I & G. Buyer of this tract will be required to grant an permanent access easement to the buyer of Parcel I for access to the tillable farmland acres on Parcel I however buyer of Parcel G will have the option of purchasing the tillable acres (Parcel I) immediately after purchasing Parcel G however if buyer of Parcel G does not exercise the option immediately following the sale of Parcel G to purchase Parcel I for established price (For price details of Parcel I contact agents) Parcel I will then be included in the sale of Tract 2 (Parcel H). Buyer of Tract 1 will also have the option to rent the adjoining North 64.19 acres of farmland for crop years 2020 and 2021. This land has a CSR1 of 59.6 and a CSR2 of 65.5. This farmland is an excellent producer and in 2019 yielded over 200bu. Per acre on corn. PLEASE CONTACT AGENTS FOR DETAILS ON THE OPTIONS

Abbreviated Legal Description of Tract 2: Parcel H in the NW1/4 of Section 10, Township 97N, Range 48, West of the 5th P.M., Sioux County, IA. Subject to all public roads and easements of record. (This parcel is located directly West of Tract #1 and would make a nice addition to Tract #1.)

General Description of Tract 2: This is a unique opportunity to expand your cow calf operation or add acres to your farmland portfolio! According to the survey this property has 70.37 gross acres with approx. 27.73 acres of tillable farmland with the balance in pastureland. According to Agri-Data the predominant soil types on the tillable farmland include: 410B2-Moody, 8B-Judson, 33G-Steinauer. This farmland has a CSR1 of 63.2 and a CSR2 of 66.9. This farm has corn and soybean base combined with the adjoining farmland with a PLC yield of 172bu. on corn and a PLC yield of 49bu. on soybeans. This farm is classified as NHEL. The pastureland on this property has been well maintained and is in good condition. Buyer of this tract will receive a permanent access easement from the buyer of Tract 1(Acreage site) to access the tillable farmland acres on this property as shown per survey only if buyer of Parcel G does not exercise their option to purchase Parcel I. NOTE: Buyer of Parcel G (Tract 1) will have the option of purchasing Parcel I (Tillable acres) immediately following the sale of Tract 1 (Parcel G). However the buyer of Parcel G must exercise this option immediately. If the buyer of Tract 1 (Parcel G) does not exercise their option to purchase Parcel I. Then Parcel I will be included in the sale of Parcel H. If the buyer of Tract 1 ( Parcel G) chooses to exercise their option the buyer of tract 2 (Parcel H) will purchase the remaining balance of pastureland only. Buyer will be required to install separate access driveway to the pastureland on existing adjoining road 280th St. Buyer of Parcel H will be required to maintain all existing perimeter fences according to fence agreement drafted by sellers attorney except for the West boundary of Parcel G and East boundary of Parcel H & I will be shared responsibility with owners of Parcel H, I & G. PLEASE CONTACT AGENTS FOR DETAILS ON OPTION.

Abbreviated Legal Description of Tract 3: Parcel C in the SW1/4 of Section 34, Township 98N, Range 48, West of the 5th P.M., Lyon County, IA Subject to all public roads and easements of record

General Description of Tract 3: According to the survey this tract of farmland contains 106.53 acres. According to FSA, this farm contains approx. 104.15+/- tillable acres with the balance in road/ditch and small grass waterway. This farm is currently planted in 63.4 acres of alfalfa which was planted in 2018 and 40.75 acres were planted in soybeans in 2019. This farm has a corn base of 88.20 acres with a PLC yield of 172bu and a soybean base of 11.30 with a PLC yield of 49bu. This farm is classified as HEL. The predominant soil types include: 410B, B2, C2-Moody, 401D2-Crofton, 133-Colo, 33F-Steinauer, 401E2-Crofton. The average CSR1 is 55.1 and the average CSR2 is 61.5. This farm appears to have a good state of productivity and is well managed. This farms topography is gently rolling and is an excellent producer. This farm would make a great investment opportunity or addition to your operation!!

Abbreviated Legal Description of Tract 4: Parcel D in the SW1/4 of Section 34, Township 98N, Range 48, West of the 5th P.M., Lyon County, IA. Subject to all public roads and easements of record.

General Description of Tract 4: According to the survey this tract of pastureland contains 52.76 gross acres. This property is fenced on all sides. This property has a natural creek which runs East/West through the property. This property is also serviced by Lyon/Sioux Rural water as a backup water source. This property has been well maintained and is in good condition. This property also includes a cattle working corral for loadout and treatment of cattle with access from the adjoining gravel road! This is a great opportunity to add a larger tract of pastureland to your operation! Be sure to attend the open house and view this property!! This property is only a 3/4 mile from a blacktop road for good access. It is very difficult to find these large parcels of pasture. The buyer of Parcel D will be required to maintain the pasture fence per fence agreement drafted by the sellers attorney.

Open Houses: Open house will be held on the property on October 19, 2019 from 10:00 A.M. to 12:00 P.M. and on October 26 from 10:00 A.M. to 12:00 P.M. Or by appointment by contacting an agent only. UTV/Ranger tours of the property will be provided at the open house and private showings!!

Method of sale: Tracts will be sold in order listed. Tract 1 (Acreage) will be sold in total dollars and the other tracts will be sold with the final bid price x the gross surveyed acres of the tract being sold.

Taxes: The current Real Estate Taxes according to the Sioux & Lyon County Treasurer will need to be determined by assessor after surveys have been recorded. Taxes will be pro-rated to date of closing and seller will pay the 2019 taxes which are due and payable in March & September of 2020 on the remaining tracts.

Possession: Will be on closing day for all of the tracts.

Terms: Purchaser(s) of each tract 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 December 27, 2019 when the buyer shall receive a clear and merchantable title to the property. These properties 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 provided. No warranties are expressed or implied. Buyer(s) of all tracts agree to accommodate the sellers with a 1031 exchange. Any lines on maps 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 statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. 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.

Roger & Jean M. RanschauOwners