benton county, iowa 147.41 +/- Acre – sold
PROPERTY DESCRIPTION
Located in Central Benton County, Iowa sits this productive tillable farm. The farm lies in a great agricultural area, only 4.4 miles southwest of Newhall, Iowa and 7.4 miles southeast of Van Horne, Iowa. These outstanding 147.41 +/- taxable acres of farmland will be offered for sale at a live public auction on October 22nd, 2024 at 1:00pm in Van Horne, Iowa at the Tara Hills Country Club. Online bidding and phone bidding will be available for this sale, contact auction representative for details.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Rosemary Gessner Revocable Trust and John Gessner. The farm(s) will be offered for sale in two separate tracts; Tract 1 – 109.41 +/- acres, Tract 2 – 38 +/- acres. The agricultural information for each tract is listed below. The farm is leased for the 2024 farming season, the seller’s will retain the 2024 cash rent. Full possession will be March 1st, 2025 per tenant’s rights. The CRP contracts have been terminated by the seller’s and are ready to plant for the 2025 farming season. Benton County farmland doesn’t come available often. Here is your chance to acquire a productive row crop farm in a strong farming community. Join us and name your price October 22nd at 1:00pm in Van Horne, Iowa at the Tara Hills Country Club. For more information call Land Agent Nick Skinner or Land Broker Cody Skinner today.
Tract 1
- 109.41 +/- Taxable Acres
- 108.90 +/- FSA Cropland Acres
- 86.2 CSR2 Average
- 37.50 +/- Acres were in a CRP contract. The contract has been terminated
- Farm is leased for 2024 agricultural season
- Farm will have an open 2025 agricultural lease
- Great laying farm with natural drainage
- Outstanding soil ratings (Kenyon, Dinsdale Silty Clay loam and Colo-Ely are the majority soil types)
- Eldorado Township, Section 34
- Field entrance access off Hwy 30 from the north
Tract 2
- 38 +/- Taxable Acres
- 38.25 +/- FSA Cropland Acres
- 89.1 CSR2 Average
- 26.96 +/- Acres were in a CRP contract. The contract has been terminated
- Farm is leased for 2024 agricultural season
- Farm will have an open 2025 agricultural lease
- Outstanding soil ratings (Colo-Ely, Kenyon, Dinsdale Silty Clay loam and are the majority soil types)
- Eldorado Township, Section 34
- Field entrance access off 25th Avenue
Sellers: Rosemary Gessner Revocable Trust and John Gessner
Auction Date: October 22nd, 2024
Auction Time: 1:00 PM
Auction Location: Tara Hills Country Club Golf Club
Auction Address: 1846 70th Street, Van Horne, Iowa 52346
Sale Method: The farm will be sold as two tracts at live public auction with online and phone bidding available. Winning bidder has their CHOICE of which tract(s) (Tract 1, and or Tract 2) they desire, they also have the option to purchase any combination of tracts 1-2 the opening round of bidding.
Farm Lease: The 2024 agricultural possession is leased. Buyer(s) will receive full possession March 1st, 2025 per tenant’s rights. Seller will retain the entire 2024 farm cash rent income. The farm will have an open farm lease for the 2025 agriculture season.
Survey: A survey will be completed around the acreage adjoining tract 1 on the west side of the property.
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 and full possession March 1st, 2025.
Farm Closing: On or before December 10th, 2024.
FSA Information: Call Land Agent Nick Skinner or Land Broker Cody Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best seller and Iowa Land Company. All information is subject to change.
Mineral Rights: All mineral rights owned by the seller if any will be conveyed to the buyer at closing.
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 Agent Nick Skinner or Land Broker Cody 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..
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, its 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
Tract 1 – 109.41 +/- Taxable acres located in Benton County, Eldorado township, section 34.
Tract 2 – 38.00 +/- Taxable acres located in Benton County, Eldorado township, section 34.
*Exact legal descriptions will come from the abstract.
Taxes:
Tract 1 – TBD
Tract 2 – TBD
From Newhall, Iowa
- Head south out of town on Hwy 218 for 2.4 miles
- Turn right onto Hwy 30 for 1.9 miles
- Turn left onto 25th Ave
- Tract 1 is on the left or east side of the road once you turn onto 25th Ave
- Tract 2 is further to the south past the farm acreage once you turn onto 25th Ave
- See auction signs on the farm
PROPERTY AERIAL
LAND AGENT
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