Sold Pottawattamie County Iowa Land Auction

Descriptions

Friday, February 3rd, 2023 @ 11am

78 acres located in Rockford Township, Pottawattamie County, Iowa

AUCTION LOCATION: Twisted Tail Steakhouse, 2849 335th St, Beebeetown (Logan), Iowa

ONLINE BIDDING: Online bidding available here!

Online bidding begins Jan. 27th @ 11AM.

TAXABLE ACRES: 78 Acres m/l CROPLAND ACRES: 77.02 TILLABLE ACRES: 71.38 TAXES: $2,286.00 for 2021 CRP ACRES: 8.64 acres with a yearly payment of $1,396.00. Contract expires 9/30/2029. Buyer to receive 1/2 of 2023 CRP payment and 100% of subsequent CRP payments. Buyer to assume and abide by the CRP contract. CSR2: 66.9 per Surety Maps DRAINAGE: $287.00 Drainage assessment for 2021. No drainage assessment in 2022.

DIRECTIONS TO THE FARM: From Honey Creek Iowa intersection of Old Lincoln Highway and Sumac Road, West on Sumac Road approximately 1/2 mile to the farm. Farm is located on the North side of Sumac Road. Signs posted.

AUCTIONEER'S NOTE: This is a very nice tract of Missouri River Bottomland! Located northwest of Honey Creek, Iowa and close to I-29. Farm is being sold to settle the Estate of Dolores Raes. Buyer will receive full possession for 2023 crop year. Online bidding begins Jan 27th with all bidding ending at the end of the live auction. This is an excellent addition to a current farming operation or a great opportunity for a beginning farmer. Call with questions - Ed Spencer.

Method of Auction:  Farm will sell 78 acres times the bid.
New buyer will assume and abide by the CRP contract. Buyer will receive 1/2 of the 2023 CRP payment and 100% of all subsequent payments. 
Final bid subject to the approval of the Seller.

Acceptance of Bids:  Your bid is not subject to financing or any contingencies.  Sellers shall have the right to accept or reject the final bid on the farm.  If the final bid is accepted buyer will sign a purchase agreement and place a 10% non-refundable earnest deposit in the Blair Ttile Trust Account, where it will be held until closing. Each party shall pay normal closing costs associated with closing a real estate transaction, which will include a $250 closing fee to Blair Title for facilitating the closing on this transaction.

Seller will provide an updated abstract.  Buyer to have a title opinion completed by an attorney of the buyers choice.  Closing to take place on or before March 1st, 2023.