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LAND
AUCTION
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
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Property:
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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
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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.
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Inspection: |
Prospective
buyers are free to inspect the property at their convenience.
Please respect the growing crops. Thank you
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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.
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*Cropland:
CRP: |
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.
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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
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Procedure: |
Property to be sold in two tracts
and not combined.
Sellers reserve the right to accept or reject either bid or all
bids.
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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.
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Closing: |
September 1, 2011
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Possession: |
Access after harvest,
full possession March 1, 2012.
Buyer will be credited for the 2nd half of cash rent at closing.
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Taxes: |
2010/2011 $3556.00
Taxes will be prorated to closing date. |
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Owner: |
Schroeder,
Mitchell, Pennington, & Rendall |
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Auctioneer: |
Dick Meade at Meade Real
Estate
Phone 319-626-2250
Mobile 319-430-8903
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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
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