Clay County land auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to bring to public auction the Breezy Acres LLC farm on Thursday August 22nd at 1 PM at the Royal Community Building. Just 1.5 miles North of Royal, Iowa, sits this is a once in a lifetime opportunity to purchase a top tier farm that is located in the heart of quality farmland country. The Royal area is one of the top areas for quality farmland investments in Iowa. The farm consists of 100 +/- acres located in section 36 of Lone Tree Township. 99 which of are classified NHEL tillable farmland acres.The farm boasts an impressive 96.4 CSR2 value and a CSR of 80.1. A great percentage of tillable acres are made up of fertile Mccreath, and Gillett Grove soils on the farm. This tract sits within tractor travel of Ag Partners elevator in Royal and also offers a close commute to VeraSun ethanol plant in Hartley, IA providing strong farm to market opportunities. New tiling was installed in 2011,2012, and 2014. The farmland has tile where needed and drains well with natural 1%-5% slope. There is a farmable draw on the property that should be fixed after the county completes a scheduled repair on the county tile. The farm is currently rented for 2019 growing season. The new owner will have full possession after the current tenant’s crops are harvested to do fall work on the farm.
For more information on this Clay County auction, contract Land Broker Matt Skinner at 515-443-5004 or Land Auctioneer Luke Skinner at 515-468-3610
PLC Yield
Corn: 177
Soybeans: 51
Base Acres
Corn: 60.26
Soybeans: 51.39
Note: this is on the full farm and will be reconstructed following a new FSA Conservation plan.
Agriculture Information
Cropland Acres: 99
Tillable Acres: 99
Auction Date: August 22nd
Auction Time: 1PM
Auction Location: Royal Community Building
Auction Address: 302 Main Street, Royal, IA 51357
Sale Method: The farm will be sold as 1 tract at live public auction/ Online Bidding will be offered the day of sale . *** All online bidding registration must be 48 hours prior to sale***
Farm Lease: Farm is leased for the 2019 season. Farm lease for 2020 is open.
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: Once crops are harvested.
Farm Closing: September 20th
FSA Information: Call Land Broker Matt Skinner or Land Agent 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 new FSA conservation plan
Mineral Rights: All mineral rights 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 Agent 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.
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 conclusion. 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.
Bidding Online: Online Bidding will be offered the day of sale . *** All online bidding registration must be 48 hours prior to sale***
Farm Highlights
- 99 Tillable Acres
- 96.4 CSR2
- 80.1 CSR
- Lifetime Guarantee Location
- Strong Farming Area
- Flat, Black and Ready to Farm
Brief Legal Description
- The farm has an Easement on the property held by Upland Prairie Wind Energy.
Brief Legal Description
100 +/- acres located in Clay County, Iowa; Section 36, Lone Tree TWP
Taxes- $2,906.08 estimated, Annually.
From Royal, Iowa
- Travel north, 1.5 miles on 150th ave
- The farm is located on the East side of 150th Ave.
- Property signage will be on the farm.
