40 Acres
AUCTION INFO
TERMS & CONDITIONSIowa Farmland For Sale
Washington County
June 29th, 2023 at 10 AM
Whitaker Marketing Group is honored to present this 162.52 +/-acre tract of farmland for sale in Iowa.
We are pleased to present the home farm of George and Margaret Colthurst. George was a well-respected local farmer, conservationist, and businessman who was passionate about the land and was very involved in the local community. This well-appointed farm has been stewarded with much forethought and comes with a rich history. This once-in-a-lifetime offering will appeal to a variety of land buyers and we are honored to represent it. This property is great investment potential. The property is composed of three tracts of land totaling 162.52+/- acres, more or less, in Sec 19-75N-6W.
Highlights:
- Investment Potential
- Acreage
Location of Land:
Tract 1, 2, 3: Located 4.6 miles east of Washington, IA.
Directions to the farm:
Tract 1: From Washington head east on IA-92 E for 4.6 miles. Drive 0.3 miles past Spruce Ave and the farm will be located on the left (North) side of the road.
Tract 2: From Washington head east on IA-92 E for 4.6 miles. Drive past Spruce Ave and the farm will be located on the immediate right (South) side of the road.
Tract 3: From Washington head east on IA-92 E for 4.6 miles. Drive 0.3 miles past Spruce Ave and the farm will be located on the right (South) side of the road.
Location of Auction: KDK Sales and Equipment: 214 S. Airport Rd, Washington, IA 52353
Date of Auction: Thursday, June 29th, 2023 at 10AM.
Legal Description:
Tract 1: Sec 19-75N-6W
Tract 2: Sec 19-75N-6W
Tract 3: Sec 19-75N-6W
Selling Multiplier: 162.52 +/- acres (Subject to Survey)
Tract 1: 40 +/- acres
Tract 2: 115.02 +/- acres
Tract 3: Sold as One Unit
Taxable Acres: 165.5 Estimated
Tract 1: 41 Estimated
Tract 2: 117 Estimated
Tract 3: 7.5 Estimated
Taxes:
Tract 1: $1,120 Estimated
Tract 2: $2,654 Estimated
Tract 3: $2,362 Estimated
Tillable Acres: 107.18 +/- acres (Surety Maps)
Tract 1: 34.50 +/- acres
Tract 2: 72.68 +/- acres
Tract 3: 0 +/- acres
CSR2: 73.95 (Average) on Tillable
Tract 1: 72.90 CSR2 Tillable
Tract 2: 75.00 CSR2 Tillable
Tract 3: 90 CSR2
Zoning: A-1 Ag
Farm Tenancy: Subject to the current lease for the 2023 crop season.
Government Programs:
Seller 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.
CRP Information for Tract 1:
*Found in the documents tab
Total CRP Acres 35.35 -Total $7,176.00
| Contract # | Acres | $/ AC | Annual Payment | Start date | End Date | Years left |
| 12238 | 0.85 | $203.00 | $172.55 | 10/01/2020 | 9/30/2030 | 7 |
| 12238 | 14.58 | $203.00 | $2,959.74 | 10/01/2020 | 9/30/2030 | 7 |
| 12238 | 1.52 | $203.00 | $308.56 | 10/01/2020 | 9/30/2030 | 7 |
| 12238 | 3.73 | $203.00 | $757.19 | 10/01/2020 | 9/30/2030 | 7 |
| 12238 | 4.76 | $203.00 | $966.28 | 10/01/2020 | 9/30/2030 | 7 |
| 12238 | 9.91 | $203.00 | $2,011.73 | 10/01/2020 | 9/30/2030 | 7 |
FSA Information (156 Farm Record):
*Found in the documents tab
*FSA Document has all 3 tracts combined*
Description: Sec. 19, Twp. 75N, Rng. 6W
FSA Number: # 6190
FSA Tract Number: # 2039
FSA Farmland Acres: 171.10 +/-
FSA Cropland Acres: 121.08 +/-
HEL & WETLANDS: HEL
CRP Acres: 35.35
Total Base Acres: 85.73
Wheat Base: 8.90 PLC Yield: 43
Corn Base: 65.20 PLC Yield: 178
Soybean Base: 11.63 PLC Yield: 52
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Auction Sales Method: The real estate will be offered as 3 tract(s) of land. Survey: A survey is being completed on all 3 tracts. The final contract price will 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 August 14, 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 Real Estate Agents & Brokerage and KDK Sales & Equipment LLC is the Auctioneer and Auction Company for this transaction. 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. 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): George and Margaret Colthurst Trust
BBC: If you are bringing a buyer to the auction we will require a copy of your agency form presented at the auction. $1,000
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