Boone County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Heithoff Family Revocable Trust / Martin Sprecher farmland sale in Boone County, Iowa. The farm consists of 80 +/- acres, located just 5 miles northeast of Boone, Iowa. The farm will be offered at a public auction on December 14th, 2022 at 1:00PM at the Central Iowa Expo Administration Building. The farm will be offered in one tract. 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 80 +/- acres, with 78.99 +/- acres, considered FSA cropland acres. The farm carries an 85.2 CSR2 value throughout the cropland acres. The farm is leased for the 2023 growing season. The new buyer will receive the 2023 cropland rent. The new buyer is to assume the current cropland lease at closing. The cropland is rented per a one year term. Possession will be granted to the new buyer at closing subject to tenant’s rights. The farm is to be sold with a 5 year inability to construct a livestock facility. Note: The farm selling is made up of parcels B and parcels C on the survey provided in the listing. Drainage Tile: The farm is located in the Hasstedt Drainage District. This is a county drainage district. A county main tile runs through the north end of the farm that is 24″-26″. Other tile is located on the farmland. Lease Note: The current farmland lease will be available for review prior to the auction, auction day. Please contact the listing brokers for a copy of the current farmland lease prior to the auction for your review, if desired.
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker Luke Skinner at 515-468-3610 for more information on this Boone County Land Auction.
Farm Information
- 80 +/- Acres
- 78.99 +/- Cropland Acres
- 85.2 CSR2
- Gently rolling farmland
- Strong farming area
- Some tile in place
Base Acres
Corn – 44.59
Soybeans – 33.81
PLC Yield
Corn – 162
Soybeans – 41
Auction Date: December 14th, 2022
Auction Time: 1:00 PM
Auction Location: Central Iowa Expo Administration Building
Auction Address: 1827 217th Rd. Boone, Iowa 50036
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 2023 season.
Survey: Completed on 7/7/2022. Survey PDF Provided per the bidders request.
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, subject to tenant rights.
Farm Closing: January 30th, 2023.
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 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 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, 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
80 +/- acres located in Boone County, Iowa Harrison Township, Section 29. Exact legal description will come from the deed.
Taxes:
2,104 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Boone, Iowa
- Head east on 4th Street leading into 210th Street for 4 miles
- Turn left onto HWY 17 and continue for 7 miles
- Turn right onto 140th street and continue for .5 mile
- Farm will be on the south side of the road
- See signs
