Hamilton/webster County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to offer for sale, the Larson Family Trust farmland auction in Webster and Hamilton County, Iowa, located north of Stratford, Iowa. The farm will be offered at public auction on December 7th, 2022 at the Stanhope, Iowa Community Building at 1:00 pm. We will offer the farm in 2 separate tracts on the day of the sale. This is a great opportunity for local farmers to expand their current farming operation and gives farmland investors the ability to buy well-taken care of farmland acres. Tract #1 will be offered as 61.51 acres, with 61.07 +/- acres considered FSA cropland acres, which are currently in row crop production. This tract consists of nearly level in topography farmland made up of productive farmland soils. The CSR2 average is 80.5 which is above the Hamilton county average. Canisteo clay loam and Webster clay loam, soils make up the majority of the soil on tract #1. Tract#1 has two working bins on the farm being offered with the sale of the farm. One bin is 3000 bushel capacity and one bin is 7500 bushel capacity. Tract #2 consists of 33.50 +/- acres, with 32.11 +/- acres considered cropland acres which are currently in row crop production. The average CSR2 is 86.7 with Webster clay loam and Clarion loam soils making up the majority of the tillable acres. Tract #2 offers very high-quality productive soils! Tile is in place on both tracts, where needed to maximize drainage. The farm currently has an open tenancy/lease for the 2023 cropland season; full possession will be the date of closing. Note: The buyers of each tract are to purchase/reimburse the current tenant for fertilizer and application fees, which will be applied this fall after the crops are harvested. Payment for the fertilizer and the application fee are to be paid at closing. Note: Tract#1 has two working bins on the farm being offered with the sale of the farm. One bin is 3000 bushel capacity and one bin is 7500 bushel capacity. Current farm tenant on tract #1 is to have access/possession to the grain bins and gain storage on the farm until 9/1/2023. Tenant is to pay all electric service fees until 9/1/2023.
Call Land Broker/Auctioneer Matt Skinner at 515-443-5004 or Luke Skinner at 515-468-3610 Land Broker for more information on this Hamilton/Webster County Land Auction.
Farm Information
Tract #1 – 61.51 +/- Acres
- 61.07 +/- Cropland
- 80.5 CSR2
- PLC Yield
- 148 Corn
- 43 Soybeans
- Two working bins are on the farm and will be sold with the farm.
- Tile in place on the farm, where needed allowing good drainage.
- Taxes – $2,337 annually ( per the Hamilton County, Iowa assessor )
Tract #2 – 33.50 +/- Acres
- 32.11 +/- Cropland
- 86.7 CSR2
- PLC Yield
- 148 Corn
- 43 Soybeans
- Tile in place on the farm, where needed allowing for good drainage.
- Taxes – $ 1,056 ( per the Webster County, Iowa assessor )
Auction Date: December 7th, 2022
Auction Time: 1:00 PM
Auction Location: Stanhope, Iowa Community Building
Auction Address: 600 Main St, Stanhope, Iowa 50246
Sale Method: The farm will be sold as 2 tracts at live public auction with online bidding and phone bidding opportunities. ” All tracts will be sold per the buyer’s choice privilege method of sale.”
Farm Lease: Farm is leased for 2022. Cropland tenancy is open for 2023. Full possession date of closing. Bin Storage possession on Tract #1 is September 1st, 2023.
Survey: No survey will be provided; we are selling net acres on all tracts auction date.
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 for the cropland at closing.
Farm Closing: January 19th, 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
Tract #1- 61.51 +/- acres located in section 18 of Webster township Hamilton County, Iowa
Tract #2- 33.50 +/- acres located in section 1 of Webster township Webster County, Iowa
Note: Exact legal description will come from the deeds.
Taxes:
Tract 1:
$2,337 +/- Annually Estimated. (per the Hamilton County, Iowa assessor)
Tract 2:
$1,056 +/- Annually Estimated. (per the Webster County, Iowa assessor)
- Taxes to be prorated on the date of closing.
Directions Tract #1
From Stratford, Iowa
- Go north on Stagecoach Rd. 4 miles
- Turn west on 300th St. and continue for ¼ miles
- Farm will be on the south side of the road, sale signs will be along road
Directions Tract #2
From Stratford, Iowa
- Go north on Stagecoach Rd. 5 miles
- Turn west on 290th St. and continue for 1 miles
- Turn north on Xavier Ave. ¼ miles
- Farm will be on the west side of the road, sale signs will be along road
