Marshall County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent this high percentage tillable farm in Southwest Marshall County owned by the LaVon Titus Estate. The 158 taxable acre farm offers 152.32 FSA cropland acres that carries a 57.1 CSR2. The farm lies just 3.5 miles south of Melbourne Iowa and just 3 miles east of HWY 330 making grain transportation highly accessible. The farm drains extremely well naturally with waterways and terraces where needed. This has been a well taken care of farm that has been owned by the same family for many years. Name your price at public auction on March 10th, 2022 at 1:00pm at the Melbourne Recreation Center!
Call Land Broker Cody Skinner at 515-443-6343 or Land Broker Nick Skinner at 515-650-0974 for more information regarding this Marshall County farmland auction.
Farm Information
- 158 +/- Net Acres
- 152.32 +/- FSA Cropland Acres
- 57.1 CSR2
- 96.4% income producing acres on this farm
- Improvements include terraces and established waterways where needed throughout the farm.
- Great natural drainage farm
- Buyer to receive the entire 2022 cash rent of $38,000
Base Acres
Corn – 106.10
Soybeans – 44.60
PLC Yield
Corn – 152
Soybeans – 45
Auction Date: March 10th, 2022
Auction Time: 1:00 PM
Auction Location: Melbourne Recreation Center
Auction Address: 613 Main St, Melbourne, IA 50162
Sale Method: The farm will be sold at live public auction as one tract.
Farm Lease: The farm is leased for the 2022 agriculture season. The buyer will receive 100% of the 2022 cash rent which is $38,000.
Survey: Final purchase price will be sold using taxable acres as the multiplier.
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: The farm is leased for the 2022 agricultural season, The buyer will The buyer will receive 100% of the 2022 cash rent and receive full possession March 1, 2023.
Farm Closing: April 14th, 2022
FSA Information: Call Land Broker Cody Skinner or Land Agent Nick 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 Cody Skinner or Land Agent Nick 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 24 hours before the sale unless special arrangements have been made with Iowa Land Company.
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
158 +/- taxable acres located in Marshall County, Iowa, Eden Township, Section 25. Exact legal description will come from the abstract. GIS parcel # 8220-25-200-001, # 8220-25-200-002, # 8220-25-200-003, # 8220-25-200-004
Taxes:
$4,884 +/- Annually
Class – Agriculture
From Melbourne, Iowa
- Go west on 2nd St .5 miles
- Turn left or go south on Gerhart Ave for 3.4 miles
- The Northeast corner of the farm is located on the west side of the road
- Property auction signage is located on the farm
