Rock Valley, IA 51247(Sioux County)

Auctioneers Note: Our company is honored to have been selected to offer for sale this farmland in Rock TWP, Sioux County, IA by Pete & Caron! As Pete & Caron have purchased other land they are offering this land for sale at auction in order to complete their 1031 exchange! This farmland is in a great location where land is not often sold! Do not miss out on this opportunity! If you are a farmer or investor this is a fantastic opportunity to add a nice farm to your operation or investment portfolio!

Abbreviated Legal Description: The Fractional N1/2 of the NW1/4 AND the SE1/4 of the NW1/4 Of Section 2-97N-46W Lying West of Parcel A, all located in Sioux County, IA Sold subject to public roads and easements of record. Sold subject to an ingress/egress access easement which is on the North 10ft of this property which was granted to Sioux County, IA for access and recorded in File 2003, Card 5340.

General Description of Tract 1: According to the survey, this property contains 40.01 gross acres. According to FSA/survey, this farm contains approx. 39.99 tillable acres with the remainder in road and ditch and grass terraces. This farm is classified as HEL. The predominant soil types include: 410B2, C2-Moody, 486-Davis, 485-Spillville, 133-Colo, 72B, D2-Estherville, 26-Kennebec, 203-Cylinder. The average CSR2 is 68.1 and the average CSR1 is 58.3. This farm has a corn base of 28.66 acres with a PLC yield of 161bu and a soybean base of 7.95 acres with a PLC yield of 44bu. This is a great opportunity to purchase a smaller tract of Rock TWP, Sioux County, IA farmland! If you are a younger farmer looking to purchase your first farm or a farmer or investor looking to add a nice tract of Sioux County, IA land to your operation or investment portfolio then do not pass up the opportunity to purchase this farm! Land in this area is not always available to purchase at auction!

Method of sale: This farm will be sold with the final bid times 40.01 gross surveyed acres. Auction will be held at the site of the farmland.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $790.00 per year. Seller will pay the 2022 taxes which are due and payable in March and Sept of 2023.

Possession: Possession will be on closing day. This farm is available to farm for the 2023 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 on or before January 31, 2023 when the buyer shall receive a clear and merchantable title to the property. This farm is 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 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. Buyers are encouraged to verify any information that is important to the buyer. If buyer delays closing penalties may apply. All buyers are encouraged to do buyers due diligence. Buyer agrees to accommodate the sellers with a 1031 exchange. 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. Thomas Whorleyattorney for the seller.

Peter J. & Caron A. Horstman Revocable Trusts Owner