Boone County land auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the John L. Law farm sale in Boone County, Iowa. The farm consists of 77 +/- acres, located just 1 mile southwest of Boxholm, Iowa. The farm will be offered at a public auction on July 8th, 2022 at 12:00PM at the Boxholm Community Center. The farm will be offered in one tract (See farm details below). This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 77 +/- acres, with 72.57 +/- acres considered cropland acres. A 4.54 +/- acre grove on the west side of the farm could be transitioned into farmland acres or make a nice mature tree’d grove for a building site. The CSR2 weighted average is 82.4. The farm is leased for the 2022 growing season per a crop share agreement between the current tenant and the land owners. The cropland is rented per a one year term. Possession will be granted to the new buyer at closing subject to tenant’s rights. SALE NOTES: The buyer will receive 50% of the crop harvested, currently being grown on the farm. The seller has paid all crop inputs for the 2022 crop. No repayment of the crop inputs will be required by the sellers for the 2022 crop inputs from the buyer.
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker/Auctioneer Luke Skinner at 515-468-3610 for more information on this Boone County Land Auction.
Farm Information
- 77 +/- Acres
- 72.57 +/- Cropland Acres
- 82.4 CSR2
- Some tile in place
- Potential to improve more land into farmland
- Gently rolling farmland
- Strong farming area
- Nice tract of farmland
- The buyer will receive 50% of the crop harvested, currently being grown on the farm. The seller has paid all crop inputs for the 2022 crop. No repayment of the crop inputs will be required by the sellers for the 2022 crop inputs from the buyer.
Base Acres
- Corn – 36.98
- Soybeans – 35.59
PLC Yield
- Corn – 136
- Soybeans – 39
Auction Date: July 8th, 2022
Auction Time: 12:00 PM
Auction Location: Boxholm Community Center
Auction Address: 406 Second Street Boxholm, Iowa 50040
Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The cropland is leased for the 2022 season.
Survey: No survey will be completed prior to sale.
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: Buyer will receive real estate possession at closing.
Farm Closing: August 19th, 2022
FSA Information: Call Land Broker Matt Skinner or Land Broker/Auctioneer Luke 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 Matt Skinner or Land Broker/Auctioneer Luke 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
77 +/- acres located in Boone County, Iowa Grant Township, Section 16. Exact legal description will come from the deed.
Taxes:
$1,858 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Boxholm, Iowa
- Head south of out town on on HWY 169 for .75 miles
- Turn west on 130th street and continue for .5 miles
- Farm will be on the north side of the road
- See auctions signs
