Meade Real Estate   
Iowa farm real estate sales & auctions    

        Dick Meade

Phone: 319-626-2250     E-mail:   


  Real Estate

  - Land
  - Residential
  - Auctions





Tract 1 Sold fro $9100 per acre

Tract 2 Sold for $4650 per acre

150 Acres m/l CEDAR COUNTY, IOWA

Friday June 10, 2011 at 10:00 AM

Auction held at: Memorial Building, 102 North John Street, Mechanicsville, Iowa


 150 acres more or less of gently rolling bare land with excellent crop history. 
 Property will be offered in 2 tracts and not combined.

 Tract 1: 100 acres m/l of bare land with CSR average of 89.9

 Tract 2:  50 acres m/l acres with small creek, 5.0 acres of CRP buffer strips,
                average CSR of 73.3
Location:  From Mechanicsville: 3 miles south on paved road X40/Fox Avenue, continue
 south 1 mile on gravel Fox Avenue to 170th Street, 1 mile west to property on
 north side of 170th Street, a dirt road.
 From Tipton: 5 1/2 miles west on F28, north 4 miles on X40, west 1 1/4 on
 170th Street.



 Prospective buyers are free to inspect the property at their convenience.
 Please respect the growing crops. Thank you

Legal           Description:

 Tract 1: SE1/4 SW1/4; SW1/4 SW1/4 & S1/4 N1/2 SW1/4 Section 2 T81N R4W
 Tract 2: SE1/4 SE1/4; S1/4 NE1/4 SE1/4 Section 3 T81N R4W of 5th  PM, 
 Linn  Township, Cedar County, Iowa.





 Tract 1:  98.3 acres, Corn B 47.9 acres, yield 132; Soybean B 47.9 acres, yield 42
 Tract 2:  41.4 acres, Corn B 17.7 acres, yield 132; Soybean B 17.7 acres, yield 42
 Unit:   139.7 acres, Corn B 65.6 acres, yield 132; Soybean B  65.6 acres, yield 42

 Tract 2 has 5.0 acres of buffer strips @ $177.80 per acre to expire 9/30/2014

*Cropland figures are estimates from GIS scan. FSA will determine the final.

   Average CSR:  Tract 1:  89.9 per NRCS scan; 88.9 assessor's records
 Tract 2:  73.3 per NRCS scan; 72.6 assessor's records



 Property to be sold in two tracts and not combined.
 Sellers reserve the right to accept or reject either bid or all bids
Terms:  Cash sale with no contingencies. The successful bidder or bidders will be
 required to make a down  payment of 10% of the total sale price at the
 conclusion of the auction.
 The balance of the purchase price to be paid at closing.

Closing:  September 1, 2011
Possession:  Access after harvest, full possession March 1, 2012. 
 Buyer will be credited for the 2nd half of cash rent at closing.    

Taxes:  2010/2011  $3556.00 Taxes will be prorated to closing date.
Owner:  Schroeder, Mitchell, Pennington, & Rendall
Auctioneer:  Dick Meade at Meade Real Estate
 Phone 319-626-2250       Mobile 319-430-8903


Note: Announcements made sale day take precedence over printed material. All information is from sources deemed reliable but not warranted by the seller or auctioneer. All prospective buyers are urged to inspect the property and rely on their own conclusions.
Meade Real Estate is an Agent of the Sellers

Click for information

Plat Map Aerial FSA Aerial Soil Maps