Benton County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Esther Ann Hite Estate located in Benton County just 5.7 miles north of Vinton, Iowa. The farm will be offered at public auction on November 21st, 2023 at 1:15pm located at the American Legion, Vinton, Iowa. The farm will be offered in 3 tracts on the day of sale. Tract #1 will be offered as 146.55 +/- net acres, 149.55 +/- NHEL FSA Cropland acres with a 81.3 CSR2 average on the cropland acres. Tract #2 consists of 101.87 +/- net acres, with 99.79 +/- NHEL FSA acres considered cropland acres with a 61.5 CSR2 average on the cropland acres. Tract #3 consists of 37.50 +/- net acres, 37.55 +/- HEL FSA Cropland acres with a 58.4 CSR2 average on the cropland acres. The farmland is currently leased for the 2023 farming season; full possession will be March 1st, 2024.
This is a great opportunity for local farmers to expand their current farming operation and to give investors the ability to purchase quality farmland acres, in an area where farmland does not come available to the public often. Here is your chance to acquire a productive row crop farm in a strong farming community.
Join us and name your price November 21st, 2023 at 1:15pm located at the American Legion, Vinton, Iowa. For more information call Land Agent Nick Skinner or Land Broker Cody Skinner today.
Tract 1
- 146.55 +/- Taxable Acres
- 149.55 +/- NHEL FSA Cropland acres
- 81.3 CSR2 average
- Great laying farm that drains well
- Hard surface road field entrance for ease of grain transportation
- Building site possibilities with electric and water at the road
- Great location between Waterloo and Cedar Rapids
Base Acres For All Three Tracts
- 143.22 Corn
- 140.68 Soybean
PLC Yield For All Three Tracts
- 158 Corn
- 50 Soybeans
Tract 2
- 101.87 +/- Taxable Acres
- 99.79 +/- NHEL FSA acres
- 61.5 CSR2 average
- Nice laying farm that drains well
- Two field entrances off hard surface road HWY V71
- Building site possibilities with electric and water at the road
- Great location between Waterloo and Cedar Rapids
Tract 3
- 37.50 +/- Taxable Acres
- 37.55 +/- HEL FSA Cropland acres
- 58.4 CSR2 average
- Compact farm with upside
- One field entrance off gravel road 26th Street
- Great location between Waterloo and Cedar Rapids
Auction Date: November 21st, 2023
Auction Time: 1:15 PM
Auction Location: Due to the high winds this auction will now be at the American Legion in Vinton, IA.
Auction Address: 105 N R Ave, Vinton, IA 52349
Sale Method:The farm will be sold as 3 tracts at live public auction with online bidding and phone bidding opportunities. We will be offering the farm(s) as “Bidders Choice Method” on a price per acre bid times the multiplier!
Farm Lease: Farm is leased for the 2023 growing season. Full Possession will be March 1st, 2024. The 2024 farm lease is open to the buyer.
Survey: We are selling the farm via taxable “net” acres measured via County Assessor.
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 full possession March 1st, 2024.
Farm Closing: January 9th, 2024
FSA Information: Call Land Agent Nick Skinner or 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. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed 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 Agent Nick Skinner or 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. You must sign up for online bidding at least 48 hours before the sale.
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
285.92 +/- taxable “net” acres located in Benton County, Iowa, Sections 27, 34, 35 of Harrison Township. Legal description will come from the deeds.
Taxes:
Tract 1: $5,908
Tract 2: $3,100
Tract 3: $1,090
From Vinton, Iowa
- Go north on HWY 150 5.0 miles
- Tract 2 will be on the north side of the road, sale signs will be along the Highway or Highway V71.
- Tract 3 will be on the south side of the road, sale signs will be along Highway 150
- Tract 1 will be on the south side of the road east of the Highway V71 intersection.
- Signs will be at each tract.
- Call for a Private Showing.
