Story County Farmland auction – SOLD
PROPERTY DESCRIPTION
LOCATION, QUALITY, and REPUTATION this farm has it all! Iowa Land Company is honored to represent this outstanding tillable farm located in Southwest Story county owned by Clarence Sherman Stensland Estate – Donald and Robert Stensland. The 115.03 acre farm offers 111+/- NHEL FSA cropland acres that carries a 86.5 CSR2. Of the 111 +/- FSA cropland acres, 3.2 are in CRP paying $960 annually. The remaining cropland acres are being farmed. The farm lies in a phenomenal location between Huxley and Slater, Iowa on hard surface 320th Street. All three of the parcels on this farm offer road frontage and 35.00 acres or more which is the Story county minimum for building site locations per acreage. This is an outstanding farm located in the strongest development areas across the entire state that has proven to go up in value year after year!
The farm has been owned by the same family for many years and will be offered for sale May 3rd, 2022 at live public auction in Huxley, Iowa. This is a great opportunity to lock in your land payments while interest rates are still low on an outstanding piece of farmland! Name your price at a public auction on May 3rd, 2022 1:00pm at the Safe Room in Huxley, Iowa!
Call Land Broker Cody Skinner at 515-443-6343 or Land Broker Nick Skinner at 515-650-0974 for more information regarding this farmland auction.
Farm Information
- 115.03 +/- Gross Acres
- 111 +/- FSA Cropland Acres
- 3.2 acres in CRP paying $960 annually
- Contract pays $300 / acre through 9/30/2036
- 86.5 CSR2 on cropland acres
- Located 1.5 miles Northeast of Slater, Iowa
- Located 2.5 miles West of Huxley, Iowa
- Located 2 miles north of Polk County line
- Located 8.5 miles north of Ankeny, Iowa and 6.5 miles south of Ames, Iowa.
- All three of the parcels on this farm offer road frontage and 35.00 acres or more which is the Story county minimum for building site locations per acreage.
- Some tile exists throughout the farm, no tile maps available at this time
Base Acres
Corn – 92.25
Soybeans – 15.75
PLC Yield
Corn – 162
Soybeans – 45
Auction Date: May 3rd, 2022
Auction Time: 1:00 PM
Auction Location: Safe Room – Huxley, Iowa
Auction Address: 515 N Main Ave. Huxley, Iowa 50124
Sale Method: The farm will be sold at live public auction as one tract with online bidding available.
Farm Lease: The farm is leased for the 2022 agriculture season. The buyer will receive 100% of the 2022 cash rent which is $325 an acre. The 2023 agricultural lease will remain open. CRP payment will be prorated to the day of closing.
Survey: Final purchase price will be sold using gross acres as the multiplier. An acreage survey will be completed at the sellers expense prior to closing at the sellers expense.
Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the seller’s attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.
Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers’ attorney trust account. Remaining balance will be due at closing.
Farm Possession: The farm is leased for the 2022 agricultural season, The buyer will The buyer will receive 100% of the 2022 cash rent and receive full possession March 1, 2023.
Farm Closing: June 8th, 2022
FSA Information: Call Land Broker Cody Skinner or Land Agent Nick Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights owned by the seller will convey to the buyer.
Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Broker Cody Skinner or Land Agent Nick Skinner prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company.
Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, it’s condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the person’s credentials or fitness to bid.
Brief Legal Description
115.03 +/- taxable acres located in Story County, Iowa, Palestine Township, Section 21. Exact legal description will come from the abstract.
Taxes:
$4,018 +/- Annually
Class – Agriculture
From Huxley, Iowa
- Go west Co Rd 320th st also known as W 1st St 2 miles
- The southwest side of the farm is located at the intersection of 320th Street and 520th Ave.
- Address for the acreage on the southeast side of the property which is NOT included in the sale is – 52233 320th St. Slater, IA 50244
