Iowa Farmland For Sale
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.
- Investment Potential
Location of Land:
Tract 1, 2, 3: Located 4.6 miles east of Washington, IA.
Open House Dates: 5/27/23 - (10AM-2PM) & 6/10/22 - (10AM-2PM)
Address: 2821 IA-92 Ainsworth, IA 52201
Location of Auction: KDK Sales and Equipment 214 S. Airport Rd, Washington, IA 52353.
Date of Auction: Thursday, June 29th, 2023 at 10AM.
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 / Whole dollar amount
Taxable Acres: 165.5 Estimated
Tract 1: 41 Estimated
Tract 2: 117 Estimated
Tract 3: 7.5 Estimated
Tract 1: $1,120 Estimated
Tract 2: $2,654 Estimated
Tract 3: $2,362 Estimated
Zoning: A-1 Ag
Occupancy: Single-Family / Owner Occupied
School District: Highland Community School
Style: 1 Story Frame
Year Built: 1960
Foundation: Poured Concrete
Exterior Material: Alum
Interior Material: Drywall
Gross Living Area: 2,360 SF
Number of Bedrooms: 2 bedrooms above; 1 below
Basement Area Type: 3/4
Total Basement Area: 1,395
Basement Finished Area: Basement has 600- Living Qtrs..
Plumbing: 2 Full Bath on Main Level; 1/2 Bath Downstairs;
Central Air: Yes
Heat: Furnace with forced air on Natural Gas
Additions: 500 SF - 1 Story Frame
Garages: 800 SF - Att Frame (Built 1960)
54x90 Machine Shed
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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