Iowa Farmland For Sale
Whitaker Marketing Group is honored to present this 80+/-acre tract of farmland for sale in Iowa, located in Story County.
This property boasts high production, great investment-development potential, and easy farming. The property is composed of two tracts of land totaling 80 acres, more or less, in Sec 8-84N-24W.
- Development Potential
- Tract 2-Buildable & On Pavement
- Country Living
- High Productivity
Location of Land (Directions to the farm): Travel south from Gilbert, IA on George Washington Carver 0.5 miles. The farm is located on the west side of the road. The address is 51911 180th Street, Ames Iowa 50014.
Location of Auction: Gilbert/Franklin Community Center (105 SE 2nd Street, Gilbert, IA 50105)on April 5th, at 10 am.
Legal Description: Sec 8, Twp 84N, Range 24W
House/Acreage Information: Found on Tract 1 Details
Selling Multiplier: 80 +/- (Subject to survey if sold in multiple tract(s))
Tract 1: 6.5 acres
Tract 2: 73.5 acres
Taxable Acres: 75.05 (Parcel ID #'s: 0508400200, 0508400400)
Taxes: $4,362.00 Estimated
Tillable Acres: 63.67 (Surety Maps)
Zoning: A-1 Ag
Farm Tenancy: The farm is currently rented for the 2022 crop season. The 2022 cash rent will be credited to the buyer.
60 acres at $250 / acre = $15,000 annually. It is currently paid in two installments of $7,500 one in March and one in November.
Buyer will receive landowner’s share, if any, of annual government payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.
Buyer will receive landowner’s share, if any, of conservation program (CRP) payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.
*Found in the documents tab
Contract Number: 11558
CRP Acres: 2.70
CRP Expiration: 9-30-2030
CRP Annual Payment: $570.00($211.00/AC)
FSA Information (156 Farm Record):
*Found in the documents tab
FSA Number: #186
FSA Tract Number: 246
FSA Farmland Acres: 73.96 +/-
FSA Cropland Acres: 68.00 +/-
HEL & WETLANDS: NHEL
Total Base Acres: 61.40
Corn Base: 34.30 PLC Yield: 156
Bean Base: 27.10 PLC Yield: 50
Auction Sales Method: The real estate will be offered as 2 individual tract(s). We will sell and establish a high price on tract 1 and post the bid. Then we will sell and establish a high price on tract 2 and post the bid. We will then take a break and confirm with the sellers, then come back and sell the acreage and then the farmland. Tract 1 will be sold as the whole dollar amount. Tract 2 will be sold by the acre.
Survey: The seller's at their expense will have the farmland surveyed if the 2 tract(s) are sold to separate buyers. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres.
Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s).
Zoning: Property is classified as Agricultural.
Taxes: The real estate taxes will be pro-rated to the day of closing.
Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney. The Seller will provide a current abstract of title at their expense. The Seller reserves the right to reject any and all bids.
Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds. Earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney.
Closing: The sale closing is on June 15th, 2022 or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing.
Possession: Possession will be granted at closing, or such other date agreed to by both parties. The farm is currently rented for the 2022 crop season. The 2022 cash rent will be credited to the buyer.
Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
Notice: All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.
Seller(s): Steel Family Farm
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