Gladbrook, IA 50635(Tama County)

Iowa Land Company is honored to represent and offer this high quality farmland for sale owned by Mark Weitzell. The farm offers 117.41 FSA cropland acres and it carries a 80.8 CSR2. The farm is leased for the 2023 growing season. The buyer will receive the entire 2023 cash rent income which is $300/acre. Full possession will be March 1st, 2024. Primary soil types are Tama silty clay loam 2-5% slope 95 CSR2 and Dinsdale silty clay loam 5-9% slope. There is a 48x70 machine shed located in the northwest corner of the property. This is a nice added bonus for anyone looking for additional equipment storage or one could rent out this nice storage space. Lastly, there is a great amount of tile throughout the property.

Tama County farmland doesnt come available often. Here is your chance to acquire a highly productive farm. Join us and name your price February 23rd at 1:00pm.

Farm Information

- Located in Tama County, on the Tama/Marshall County line

- 2.8 miles northeast of Green Mountain, Iowa and 5 miles southeast of Gladbrook, Iowa.

- 122.25 +/- Acres

- 117.41+/- FSA Cropland Acres

- 80.8 CSR2 across all acres

- There is a great amount of tile throughout the property, tile maps are soon to be available.

- Tama silty clay loam 2-5% slope 95 CSR2 and Dinsdale silty clay loam 5-9% slope

- The farm is leased for the 2023 growing season. The buyer will receive the entire 2023 cash rent income which is $30,000. Full possession will be March 1st, 2024.

- Buyer will receive a credit for $13,750 for the first half of the cash rent at closing and the buyer will receive the remaining $19,250 on or before September 1, 2023 directly from the tenant.

- 48x70 machine shed located in the northwest corner of the property

Sellers: Mark Weitzell and Family

Auction Date: February 23rd, 2023

Auction Time: 1:00 PM

Auction Location: Gladbrook, Iowa American Legion Post

Auction Address: 429 Johnston St, Gladbrook, IA 50635

Sale Method: The farm will be sold as one tract at live public auction with online and phone bidding available.

Farm Lease: Full possession is March 1st, 2024.

Survey: No Survey to be completed.

Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the sellers attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.

Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers attorney trust account. Remaining balance will be due at closing.

Farm Possession: Buyer will receive full possession March 1st, 2024.

Farm Closing: March 30th, 2023

FSA Information: Call Land Broker Nick Skinner or Land Broker Cody Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights owned by the seller will convey to the buyer.

Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Broker Nick Skinner or Land Broker Cody Skinner prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available. You must sign up for online bidding at least 48 hours before the sale.

Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.

Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or more or less. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the persons credentials or fitness to bid.