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LAND
AUCTION
173 Acres sold in 2 tracts and not
combined
CEDAR COUNTY, IOWA
Wednesday February 8, 2012 at 1:00 PM
Auction held at:
West Liberty Community Center
1204 North Calhoun Street,
West Liberty,
Iowa
Sold: Tract 1 $8750 per acre
Tract 2 $5025 per acre
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Inspection:
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Open house Saturday January 28th
11 am to 1 pm or call for appointment. |
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Property:
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Property will be offered in 2 tracts
and not combined
Tract 1: 77 acres of grain land with 2 story house, garage/shop, barn & feedlot CSR 83.4
Tract 2: 96 acres grain land with wooded draws. Cropland
CSR 62.2
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Location: |
Address: 2168 Ivory Avenue:
6
miles northeast of West Liberty, Iowa
2 1/2 miles south of I-80, West Liberty exit/259, on X-40;
east 2 3/4 miles on 320th street
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Legal Description: |
Tract 1:
E 1/2 SE 1/4 Section 21
Tract 2: SE 1/4 SW 1/4 except West 1
acre & SW 1/4 SE1/4 &
W 1/2 SE 1/4 SE 1/4 Section 22 all in T79N R3W of 5th PM,
Iowa Township, Cedar County, Iowa.
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Cropland: |
Tract 1: 73.3 acres corn base
67.7 acres, yield 135; no soybean base
Tract 2: 72.0 acres corn base 72.0
acres, yield 135; no soybean base
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Average CSR: |
Tract 1: 83.4 NRCS software; 83.44 assessor
Tract 2: 62.15 cropland only from NRCS software; untillable is not
applicable |
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Procedure: |
Property to be sold, dollars
per acre, in two tracts
and not combined.
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Restrictions: |
This sale is subject to
Court Approval. Sellers reserve the right to approve
or
reject
the final bid.
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Terms: |
Cash sale with no
contingencies. The successful bidder 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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Warranties: |
There are no expressed
or implied warranties. This property is being sold
in "as is" condition. Property lines have been
surveyed and staked. |
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Closing: |
March 15, 2012 |
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Possession: |
At Closing |
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Taxes: |
Tract 1: 2011/12
$2952.00 Tract 2: $1620.00
both prorated to possession |
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Owner: |
David W. Thomsen Estate Executor:
Dale A. Thomsen |
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Attorney: |
William J. Hargrafen |
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Auctioneer:
Ringmen:
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Dick Meade at Meade Real
Estate
Phone 319-626-2250
Mobile 319-430-8903
Ross Butler 319-530-3810 & Bill Ellison 319- 329-7520
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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.
FSA & NRCS information is available at their office.
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