LAND AUCTION 

 Washington County, IOWA

120 Acres m/l           104.18 FSA acres cropland             Average CSR2 54.26 

Thursday November 15 2018 at 1:00 PM. 

 

Auction held at: Riverside Casino & Golf Resort Event Center, 3184 Highway 22, Riverside, Iowa

Open house:    Sunday November 4th noon to 3:00 PM.

Address of property:  2035 Yucca Avenue, Ainsworth, Iowa 52201

Directions: From US Highway 218/Avenue of Saints at Exit 70 north of Ainsworth, go east on
                  paved road G36 2.5 miles to Yucca Avenue, then north 1.5 miles, property is on the
                  west side of Yucca Avenue. 

Property:  120.43  taxable acres offered in 2 separate Tracts or a combination of both.
                
    Tract 1: 100 acres of bare land, estimated 94 acres tillable, 19.9 acres in CRP that
                  expires on 9/30/2020. A 3.0 acre recreation area with a one acre pond.
                  Balance is open meadow with limited woodland. The land is currently seeded to
                  grass/clover mixture and recently fertilized for quality hay.

    Tract 2: Includes 20 surveyed acres of land with a Second Empire Victorian Style home.
                  Home is executive class, 2 story brick, 2 car attached garage, walkout lower level,
                  4 balconies, 3 bedrooms, 3+ bathrooms, study loft, geo-thermal heat and air conditioning,
                  and many amenities. Built in 2012.
                
 Also, 2 hoop style buildings. West building is 40' x 70' with dirt floor used for livestock
                  and machinery shelter built in 2008. The east building 30' x 54, with a concrete floor,
                  220 wiring, overhead door, used for shop and machine storage built in 2011.                 

                  Washington County parcel number: 0826200009                                                             


Legal Description: Both Tracts 1 & 2 are in The Northeast Quarter of Section 26 T76N R6W
                              of 5th PM, Highland Township, Washington County, Iowa

Property taxes: Gross property taxes for 120.43 taxable acres in year 2017 were:      $7250.00 
                         Taxes for house on 4.49 acres including the east hoop building were $5626.00
                         Taxes for 115.94 acres of land including the west hoop shed were     $1624.00

Sale Procedure: Property will be sold in two separate tracts or combined as the farm unit.
                          The final sale will be in the method that results in the highest total dollar amount.

Terms:  This is a cash sale with no contingencies. Buyer shall make a ten percent (10%) down
              payment of  the purchase price at the conclusion of the auction, the balance to be paid
              at closing on December 17, 2018. Seller agrees to cooperate with an exchange buyer.
              Seller retains a reasonable reserve and the right to accept or decline the bid price.

Covenant: In the event the property sells in separate Tracts, the seller reserves the right to place  a
                 restrictive covenant on both Tracts to prohibit the construction of a
                 Confinement Animal Feeding Operation (CAFO).
               
Possession: Will be granted at closing on December 17, 2018. The real estate taxes to be
                     prorated to closing.

Seller:    Allan Berger

Attorney: Matthew J. Hayek at Hayek, Moreland, Smith & Bergus LLP  phone 319-337-9606

                                                                                                  PLAT MAP

                            

NRCS AERIAL PHOTO

SOIL SURVEY MAP

Soil No.

Soil Type

% Slope

Acres

CSR2

80D2

Clinton silt loam

9-14

35.67

46

80C2

Clinton silt loam

5-9

30.60

69

65E2

Lindley loam

14-18

12.38

28

572C2

Inton

5-9

3.82

69

80D

Clinton silt loam

9-14

2.88

51

76B

Ladoga silt loam

2-5

2.49

86

80D3

Clinton silty clay loam

9-14

2.45

39

65G

Lindley loam

25-40

1.61

5

80B

Clinton silt loam

2-5

1.21

80

75

 Givin silt loam

0-2

1.00

84

571C3

Hedrick silty clay loam

5-9

0.10

68

65E

Lindley loam

14-18

0.80

31

Total

 

 

94.29

53.2

 

Pipeline:    The north 40 acres of the property is transected by 3 natural gas pipelines.
                  The specific information is pending.

Farm Service Agency Information:

                        Farmland:     118.05 acres
                        Cropland:      104.18 acres
                        Corn base:      66.70            PLC yield 115bushels per acre
                        Oat base         17.10            PLC yield   49 bushels per acre
                        CRP land        19.90            Expires 09-30-2020  Annual payment $2590.0

                       
FSA FARM INFORMATION

Note: Announcements made at the auction on sale day take precedence over prior advertising or printed material.
         The information is from sources deemed reliable but not warranted by the sellers or auctioneer.
         All prospective buyers are encouraged to inspect the property and rely on their own conclusions.
         Real estate sells "as is"