LAND AUCTION - 196.75 ACRES
Saturday, September 19th, 2020 @ 11am
Spencer Auction Facility, 3328 Overton Ave, Beebeetown
online bidding available at www.spencerauctiongroup.com
Excellent Location - 196.75 acres m/l in St. John and LaGrange Township, Harrison Co, IA
174.45 acres tillable, 51.9 CSR2
Directions to the Farm: From Missouri Valley, Iowa, North on Highway 30 approximately 2.5 miles, then East on 296th St approximately 1.5 miles, then South on Mounds Trail approximately ½ mile the farm. Farm is located on the East side of Mounds Trail. Signs posted.
Brief Legal Description: 196.75 taxable acres briefly described as: 20’ Strip in Part SE ¼ SE ¼ Section 7, St. John Township; the S ½ SW ¼ Section 8 LaGrange Township; the NW ¼ NW ¼, Part NW ¼ NE ¼ and Lots 1 and 2 NE ¼ NW ¼, and Part NW corner of the NE ¼ NE ¼, all in Section 17, LaGrange Township, Harrison County, Iowa.
Farm Information FSA Information: Farm#: 7182 Tract#: 5923 Cropland: 174.45 Corn Base: 100.92 PLC Yield: 132 Bean Base: 44.25 PLC Yield: 41 CSR2: 51.9 Per Surety Maps Real Estate Taxes: $4312.00 for 2018 Improvements: Farm sells with 27’x21’ and 21’x18’ Grain Storage bins built in 1970.
Terms: Successful bidder will sign a purchase agreement immediately following the auction, and will be required to place 10% of the purchase price as a non-refundable down payment the day of the auction, made payable to Blair Title and Escrow, which shall hold the earnest funds in escrow until closing. Title: Sellers shall provide an updated abstract. Buyers to have a title opinion completed by attorney of the buyer’s choice. Each party shall pay normal costs associated with closing a real estate transaction. Acceptance of Bids: Final bid on the farm is subject to the approval of the sellers. Closing:Closing on the farm shall be on or before October 19th, 2020 under the supervision of Ed Spencer, Broker, and Blair Title, Escrow Company. Possession: Seller will retain 100% of the 2020 cash rent. Buyer will receive landlords possession at closing. Buyer will receive full possession on March 1st, 2021 and full farming rights for the 2021 crop
Ed Spencer, Broker 402-510-3276
Farms America, INC
Spencer Auction Group