LAND AUCTION 

SOLD AS A UNIT FOR $8700.00 PER ACRE

 CEDAR COUNTY, IOWA

295.03 Acres m/l           292 FSA acres cropland             Average CSR2 81.62 

Thursday September 28, 2017 at 5:00 PM. 

Auction held at: West Branch Town Hall, 205 Main Street, West Branch, Iowa

 

Owners:   Nash Farms LTD and Tower 80 Partnership 

Location:  6 miles Northeast of West Branch; 9 miles Southwest of Tipton;
                 700 Block of 280th Street, West Branch, Iowa

Directions: From Interstate 80 at Springdale/West Liberty Exit 259. Go north 1 1/2 miles to 280th Street then East 3/4 mile to Northwest corner of Tract 1. Tracts are posted. 

Legal Description: Located in Sections 5 & 6 T79N R3W of 5th PM, Iowa Township. Property is being offered using the Public Land Survey System from Cedar County. Seller will provide a survey necessary to identify property lines. 

Cell Tower: Located on Tract 3, the land is leased by landowner for $483.82 per month. The lease expires on August 9, 2039 with a Consumer Price Index (CPI) escalation every 5 years. 

Property:  295.03 taxable acres offered in 4 separate Tracts with bidder's choice of Tracts

Property taxes: Gross real estate taxes for year 2016 are: $9004.00 

Procedure:

    Property will be sold on a dollars per acre basis. The Buyers Choice method of sale will be used giving the successful bidder the choice of any one or more of the tracts in any combination. Any remaining tracts will be offered using the same choice method until all the tracts are sold.

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 or about October 31, 2017.   Sellers agree to cooperate with an exchange buyer.
Seller retains a reasonable reserve and the right to accept or decline the bid price.
Possession will be given at closing subject to the 2017 lease until March 1, 2018. The lease proceeds will be paid to the seller.
The real estate taxes to be prorated to March 1, 2018 using current tax information.

Attorney: Daniel D. Dykstra at Heidman Law Firm 712-222-4120

 

                            

                                          Tract 1                                                                   Tract 2
                79.64 taxable acres                                                71.02 taxable acres
                Estimated cropland after split  74.7                         Estimated cropland after split    71.0
                CSR2 assessor                       76.1                         CSR2 assessor                          83.4
                CSR2 Agri Data cropland        75.3                         CSR2 Agri Data cropland           83.3
                Soils: Tama, Downs, Colo-Ely                                 Soils: Tama, Downs, Muscatine

                                      Tract 3                                                                    Tract 4
                77.0 taxable acres                                                   67.37 taxable acres
                FSA cropland                         77.2                           FSA cropland                         69.4
                CSR2 assessor                      86.8                          CSR2 assessor                      80.2
                CSR2 Agri Data                      86.8                          CSR2 Agri Data                      80.0 
                Soils: Muscatine, Tama, Downs                              Soils: Tama, Downs, Colo-Ely
                This tract includes the Cell Tower
               

 

Cell Tower Field Tract 2

Farm Service Agency Information:

                        Farmland:      305.34 acres
                        Cropland:      294.7 acres
                        Corn base:    294.49            PLC yield 172 bushels per acre
                        Bean base         0.2              PLC yield   51 bushels per acre 

Farm Service Agency Aerial Tracts 1 & 2

 

                                                                          FSA Aerial Tract 3

                                                             

 

                                                                                                                   FSA Aerial Tract 4

                                                              

 

                  SOIL MAPS                     FSA FARM RECORD              LEGAL DESCRIPTIONS

 

SOILS
Cropland summary of all Tracts from Surety software
  

Soil No.

Soil Type

% Slope

Acres

CSR2

119

Muscatine silt clay loam

0-2

22.41

100

120B

Tama silty clay loam

2-5

68.71

95

120C

Tama silty clay loam

5-9

4.32

90

120C2

Tama silty clay loam

5-9

19.39

87

162B

Downs silt loam

2-5

4.78

90

162C

Downs silt loam

5-9

2.25

85

162C2

Downs silt loam

5-9

64.4

82

162D2

Downs silt loam

9-14

56.66

57

162E3

Downs silt loam

14-18

4.25

39

163D2

Fayette silt loam

9-14

2.12

47

911B

Colo-Ely complex

0-5

41.02

83

Total

 

 

290.3

81.44

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"