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"