Iowa Farmland For Sale
Whitaker Marketing Group is honored to present this 154.16 +/-acre tract of farmland for sale in Iowa, located in Story County.
This property boasts high production & CSR2, great investment potential, and good farmability. The property is composed of one tract of land totaling 154.16 acres, more or less, in Sec 18-82N-24W.
- Investment Potential
- Good laying farmland
- Surface Drainage
Location of Land (Directions to the farm): From Slater, IA head west on IA-210, 0.8 miles. Turn right onto R38/500th Street and drive North 2.3 miles. The farmland will be located on the right-hand side(east).
Location of Auction: Safe Room 515 N Main Ave, Huxley IA 50124 on April 19th, 2022, at 10 am. (It is on the north side of the Rec Center building)
Legal Description: Sec 18-82N-24W
Selling Multiplier: 154.16
Taxable Acres: 151.69
Taxes: $4,968 Estimated
Tillable Acres: 140.3 (Surety Maps)
Zoning: A-1 Ag
Farm Tenancy: Subject to the current lease for the 2022 farming season
Rental Income: $39,200 total (paid half March 1 and the 2nd half on December 1st).
The 2022 Cash rent will be credited to the new buyers.
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.
Seller agrees to provide yield and other required documentation to Buyer to fulfill the obligations of government programs if any.
FSA Information (156 Farm Record):
*Found in the documents tab
FSA Number: #6520
FSA Tract Number: # 1822
FSA Farmland Acres: 157.53+/-
FSA Cropland Acres: 140.23
HEL & WETLANDS: NHEL
Total Base Acres: 139.60
Corn Base: 104.70 PLC Yield: 154
Bean Base: 34.90 PLC Yield: 48
Auction Sales Method: The real estate will be offered as 1 tract(s) of land.
Survey: At the buyer's option and expense, they can have the property surveyed if desired. 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).
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 3rd, 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.
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.
Seller(s): Beth Christiansen
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