3 HENRY COUNTY LAND AUCTIONS
SOLD ! !
Farm #1
Tract #1 - $5,200.00 per ac. x 38.12 Acres
Tract #2 -$3,800.00 per ac. x 42.23 Acres
Farm #2
3,750.00 per ac. x 40 Acres
Farm #3
$60,000.00 - Lump Sum Price
MT. PLEASANT, IOWA
All Land Auctions will be held at the Steffes Auction Pavilion, 605 East Winfield Avenue, Mt. Pleasant, Iowa.
THURSDAY, JANUARY 16, 2014 at 1:00 P.M.
127.96 Acres M/L – Selling In Four Tracts
TILLABLE GROUND – POTENTIAL BUILDING SITES
LAND PREVIEWS on site at each Tract on Thursday, January 2nd from 1-2 P.M.
****Selling with 2014 Farming Rights ! ! ****
FARM #1 – Sells in Two Tracts
Farm #1 is located 1 mile west of Mt. Pleasant on Old Highway 34.
TRACT #1 – 38.12 Acres M/L
This tract is situated along Old Highway 34 and lends itself to a possible building site on a hard surface road. FSA information indicates approx.. 32.81 acres tillable with the balance of land being timber. Corn suitability rating on the tillable of 62.6 and 59 on the entire farm. Tract #1 is located in Section 2, Tippecanoe Township, Henry County, Iowa.
TRACT #2 – 42.23 Acres M/L
This tract borders Tract #1 and is situated along 215th Street. FSA information indicates approx. 28.87 acres tillable with balance of land being timber. Corn suitability rating on the tillable of 55.9 and 48.7 on the entire farm. Tract #2 is located in Section 35, Trenton Township, Henry County, Iowa.
Additional Information on Tracts #1 & #2:
110 bushel corn yield and a 33.80 acre corn base
26 bushel bean yield and a 24.50 acre bean base
32 bushel wheat yield and a 3.4 acre wheat base
FARM #2 – 40 Acres M/L
Farm #2 is located 2 ½ miles south of Mt. Pleasant on W55/Franklin Avenue, then ½ mile east on Fremont Avenue, the ½ mile south on Fremont Avenue. Located at the corner of Fremont Avenue & Graham Avenue.
FSA information indicates 37.42 acres tillable. Corn suitability rating on the tillable of 37.6 and 36.8 on the entire farm. This tract had terrace & tilling completed in 2012. Rural water in the area. Farm #2 is located in Section 25, Tippecanoe Township, Henry County, Iowa.
Additional Information on Farm #2:
110 bushel corn yield and a 23.10 acre corn base
26 bushel bean yield and a 12.20 acre bean base
32 bushel wheat yield and a 2.10 acre wheat base
FARM #3 – 7.61 Surveyed Acres M/L
Farm #3 is located 4 miles south of Mt. Pleasant on Highway 218. It is located at the intersection of Highway 218 & Iowa Avenue.
Currently zoned A-1, this property lends itself to a potential building site with excellent highway exposure, with a current entrance off of Iowa Avenue. FSA information indicates 5.42 acres tillable. Corn suitability rating on the tillable of 22.3. Rural water in the area. Farm #3 is located in Section 33, Center Township, Henry County, Iowa.
Additional Information on Farm #3:
110 bushel corn yield and a 5.40 acre corn base
TERMS & CONDITIONS
TERMS: 20% down payment on January 16, 2014. Balance at closing with projected date of February 10, 2014 upon delivery of merchantable abstract and deed.
POSSESSION: Projected date of February 10, 2014
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.
The following taxes are approximate
Farm #1
Taxes on Tract #1:
Gross: $711.04
Ag Credit: ($29.91)
Net: $680.00
Taxes on Tract #2:
Gross: $487.42
Ag Credit: ($20.55)
Net: $466.00
Taxes on Farm #2
Gross: $505.62
Ag Credit: ($21.27)
Net: $484.00
Taxes on Farm #3
Gross: $46.20
Ag Credit: ($1.96)
Net: $44.00
Special Provisions:
~ Farm #1 will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for Tract #1 & #2.
~ If one buyer purchases more than one farm or tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
~ It shall be the obligation of the buyer(s) to report to the Henry County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
~ The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
~ If in the future a site clean up is required it shall be at the expense of the buyer(s).
~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
~ The buyer(s) acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer(s) is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
Owner: Gary A. Swart
Gary L. Wiegel - Attorney