Iowa Farmland For Sale
Whitaker Marketing Group is honored to present this 47.31 +/- acre tract of farmland for sale in Iowa.
This property has great investment potential and good farmability. The property is composed of one tract of land totaling 47.31 acres, more or less, in Sec 28-75N-36W.
- Investment Potential
Location of Land: Farmland is located 10 miles South of Atlantic, IA.
Directions to the farm: From Atlantic, IA drive South 9 miles on Hwy 71, turn right (west) on Quincy Rd and go 1 mile, then turn left (south) onto 620th Street. The Farmland will be on your immediate left (east side of the road).
Location of Auction: Cass County Community Center - 805 W 10th St, Atlantic, IA 50022
Date of Auction: March 21st at 10 AM CST
Legal Description: Sec 28-75N-36W
Taxable Acres: 46.48 (These are an estimation once acreage survey is completed.)
Taxes: $1,620 (These are an estimation once acreage survey is completed.)
Tillable Acres: 37.53 (Surety Maps)
CSR2: 69.7 (Tillable)
Zoning: A-1 Ag
Farm Tenancy: Subject to current lease for 2023, buyers will receive the 2023 cash rent at closing. ($275 a planted acre, totaling $10,350)
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):
FSA Number: # 4039
FSA Tract Number: # 2005 and 2007
FSA Farmland Acres: 47.72+/-
FSA Cropland Acres: 39.66+/-
HEL & WETLANDS: HEL
Total Base Acres:
Soybeans Base: 4.00 PLC Yield: 55
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 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 May 5, 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.
Seller(s): Buboltz Family
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