Pending - $11,500/acre - 80 Acres M/l Harrison County Iowa Land Auction

Auction Date: 03-28-2024

Descriptions

80 acres m/l
Thursday, March 28th @ 11am (Calendar Icon) Live & Online
Section 36 Morgan Township
Harrison County IA Land Auction
Auction Location: Twisted Tail Steakhouse & Saloon, Beebeetown
Selling Free & Clear for 2024

Directions to the Farm: From the West edge of Mondamin, Iowa, South on Austin Ave approximately 1.2 miles. Farm is located South of Detroit lane and North of 220th St. on both sides of Austin Ave. Signs Posted.

Brief Legal: The SE 1/4 SW 1/4 and the SW 1/4 SE 1/4, Section 36, Township 80 (Morgan), Range 45, Harrison County, Iowa.

FSA Information: Farm# 2111 Tract# 1808
Cropland: 78.34 which includes 21.66 acres CRP with an annual payment of $3988.00. Contract expires 9/30/2036. New buyer will assume the CRP contract with Harrison County FSA/NRCS and abide by the terms of the contract.

CSR2: 87.3 on the tillable acres. CSR2 on the CRP is 53.1. Entire Farm CSR2 estimated 78.5

Taxes: $2482.00 for 2022 tax year. Taxes will be prorated to the date of closing.
Drainage: $153.11 paid in 2023.

Possession: Upon acceptance of purchase agreement and payment of the 10% earnest deposit, buyer may begin planting for the 2024 crop year.

Online Bidding: Parties interested in bidding online shall register at www.spencergroups.com and submit a bank letter of creditworthiness to Spencer Groups office by contacting 712-644-2151.

Method of Auction: Farm will sell 80acres times the bid. Farm is offered in its as-is, where-is condition. Seller has the right to accept or reject the final bid. Upon acceptance by the Seller, buyer to sign a purchase agreement and place a 10% non-refundable earnest deposit in Blair Title, where it will be held until closing. Seller will provide an updated abstract. Buyer to have a title opinion rendered by the attorney of the buyers choice, at the buyers expense. Sellers and Buyers will pay normal closing costs associated with closing a real estate transaction, which will include a closing fee to the title company.

Closing: Closing shall be on or before April 26th, 2024.

Agency: Spencer Groups, INC/Farms America/Ed Spencer Real Estate is agents for, and represents the Sellers in this transaction. All bidders shall be considered customers, not clients.

Disclaimer: Announcements made the day of the sale take precedence over all previously printed materials, or any statements made, oral or written. Each potential bidder is responsible for his or her own due diligence. Information is believed to be accurate but is subject to the verification of the parties relying on it. Conduct of the auction and increments of bidding are at the direction and the discretion of the auctioneer.