Land Auction 320 +/- Acres Iowa Farmland
Offered in Four Parcels & Any Combination Thereof
Location: From Hubbard, take D55 1 mile east of the Golf Course. Property is on the North side of D55, east of L Ave and west of LL Ave. Building site is #22435.
Legal SW 1/4 plus W 1/2 of SE 1/4 plus SE 1/4 of NW 1/4 plus SW 1/4 of NE 1/4 of Section 35, T87N, R21W. For exact legal description see abstract. Land The property is composed of eight "40's" that measure 310.5 acres on the tax role. FSA measures it as 314 acres farmland, with 293.5 acres cropland. This farm has an CSR (corn suitability rating) of 77.04 (county average = 72) and according to FSA contains no land classified as wetlands or highly erodible land. FSA Corn Base is 139.7 acres with a direct corn yield of 144 & a CC yield of 145. Soybean Base is 139.7 acres with a direct soybean yield of 35 & a CC yield of 42.
About the Property Location...Location...Location… This farm is located within 3 miles of Prairie Land Coop on a hard surface road. The farm has access by road on three sides. The building site has a 48 x 60 Butler shop/machine shed, a 3300 bushel drying bin, two storage bins holding 10,000+ & 11,000+ bushels, a corncrib, barn, lean-to and more. The property has been in the family nearly 150 years. Don’t miss this opportunity!
Buyer’s Premium— A 10% buyer’s premium will be added to the final bid to determine the total purchase price.
Sale Method— Parcel 1, 2 ,3, & 4 will be offered individually and in all possible combinations. The real estate will sell in the configuration you want to buy it, provided it yields the highest dollar. Final sale is subject to Seller’s confirmation.
Conditions— This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold “As Is”, “Where Is”, with no warranties or guarantees, expressed or implied by the Auctioneers or the Sellers. All property is sold without any contingencies including financing. A 10% non-refundable earnest payment is due on day of sale. Property must close in 60 days, or earnest money is lost.
Closing & Possession— Closing will take place on December 14, 2010. Final settlement will require certified check or wire transfer. Taxes will be prorated to closing date. Possession of land: December 14, 2010. Possession of buildings: June 15, 2011.
Agency— Sterling Auction & Realty Services, LLC , W Yoder Auction Services, and its representatives are agents of the seller, including Fjelland Real Estate & Land Management LTD which will provide brokerage services day of sale and at closing .
Announcements— Information provided herein was obtained from sources deemed reliable, but the auctioneer makes no guarantee as to its accuracy. Prospective bidders are urged to fully inspect the property and rely on their own judgment. Announcements made day of auction will take precedence over previously printed material or oral statements. Bidding increments are at the discretion of the Auctioneers. Acreage figures are based on information available and not guaranteed.
Hubbard, WI 50122
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