Iowa Farmland For Sale
January 10th, 2023 at 10 am
Whitaker Marketing Group is honored to present this 219.77 +/-acre tract of farmland for sale in Iowa.
This property is great investment potential. The property is composed of three tracts of land totaling 219.77+/- acres, more or less, in Sec 1, 2, 11-98N-24W.
- Investment Potential
- Good Laying Farmland
Location of Land:
Tract 1: Located 1.2 miles SouthWest of Leland, Iowa
Tract 2: Located 1 miles South of Leland, Iowa
Tract 3: Located on the North end of Leland, Iowa
Directions to the farm:
Tract 1: From Leland head west on W Broadway 0.2 miles. Turn left onto 168th Ave and continue for 1.4 miles. The farm will be located on the right (North) side of the road.
Tract 2: From Leland head west on W Broadway 0.2 miles. Turn left onto 168th Ave and continue for 0.8 miles. The farm will be located in front of you before you turn the curve to head west.
Tract 3: From Leland head east on E Broadway 0.3 miles. Turn right onto River Rd and continue for 0.1 miles. The farm will be located on both the right and left sides of the road.
Location of Auction: NSB Bank Community Room 101 US-69 N Forest City, IA 50436
Date of Auction: Tuesday, January 10th, 2023, at 10 am.
Tract 1: Sec 2-98N-24W
Tract 2: Sec 11-98N-24W
Tract 3: Sec 1-98N-24W
Selling Multiplier: 220.05 +/- acres
Tract 1: 80 +/- acres
Tract 2: 113 +/- acres
Tract 3: 27.05 +/- acres
Taxable Acres: 207.21 Estimated
Tract 1: 72.5 Estimated
Tract 2: 106.71 Estimated
Tract 3: 27.05 Estimated
Tract 1: $2,234 Estimated
Tract 2: $2,540 Estimated
Tract 3: Undetermined
Tillable Acres: 185.36 +/- acres(Surety Maps)
Tract 1: 54.84 +/- acres
Tract 2: 106.10 +/- acres
Tract 3: 24.42 +/- acres
CSR2: 63.1 (Average)
Tract 1: 76.3 CSR2 Tillable
Tract 2: 63.10 CSR2 Tillable
Tract 3: 49.9 CSR2 Tillable
Zoning: A-1 Ag
Tract 1: Some tile located in the South half
Farm Tenancy: Subject to current lease for 2023, buyers will receive the 2023 cash rent at closing. (Call for details)
Buyer will receive the landowner’s share, if any, of annual government payments for the 2023 crop year. Payments for subsequent years will go to the Buyer.
Buyer will receive the landowner’s share, if any, of conservation program (CRP) payments for the 2023 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
*No FSA data provided for tract 3*
Description: Sec. 1, 2, 11, Twp. 98N, Rng. 24W
FSA Number: # 5472
FSA Tract Number: # 2139 (Tract 1); #3388 (Tract 2)
FSA Farmland Acres: 76.69 +/- (Tract 1); 116.53 +/- (Tract 2)
FSA Cropland Acres: 58.9 +/- (Tract 1); 106.1 +/- (Tract 2)
HEL & WETLANDS: NHEL
Total Base Acres: 54.8 (Tract 1); 101.9 (Tract 2)
Corn Base: 54.8 (Tract 1); 64.1 (Tract 2) PLC Yield: 149 (Tract 1 and 2)
Bean Base: 0 (Tract 1); 37.8 (Tract 2) PLC Yield: 0 (Tract 1); 39 (Tract 2)
Auction Sales Method: The real estate will be offered as 3 tract(s) of land.
Survey: A survey is being completed on tract 3. The bidding multiplier will be adjusted to surveyed acres. The final contract price will be adjusted to reflect any difference between the advertised and actual surveyed acres. Tracts 1 and 2 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 prorated 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 February 24, 2023, 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.
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 on 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): Ambroson Family
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