Monona County Farmland auction – SOLD
Iowa Land Company is honored to represent the Sharon Smith Trust farm sale in Section 1 of Soldier Township located in Monona County, Iowa. The farm consists of 80 +/- total acres, located 2 miles southeast of Ute, Iowa. The farm will be offered at public auction on August 5th, 2021 at the Ute Community Building in Ute, Iowa at 1pm. The farm will be offered in one tract. 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 in an area where cash rents are competitive! The farm has a total of 78.09 +/- cropland acres. This farm consists of rolling ridge farmland with good natural water drainage. The CSR2 average on the farm is 47.1. The farm is leased for the 2021 growing season full possession will be March 1st, 2022. The new buyer will receive a rent credit of $150 per tillable acre on the farm, which will be settled at closing.
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker Luke Skinner at 515-468-3610 for more information on this Monona County Land Auction.
Auction Date: August 5th, 2021
Auction Time: 1:00 PM
Auction Location: Ute Community Building
Auction Address: 313 S Monona Ave, Ute, IA 51060
Sale Method: The farm will be sold as one tract at live public auction.
Farm Lease: Farm is leased for 2021. Possession March 1st, 2022.
Survey: No survey will be provided; we are selling gross acres.
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 rented for the 2021 farming season. Buyer will receive full possession March 1st, 2022
Farm Closing: September 7th, 2021
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 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 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
Located in Section 1 of Soldier TWP, Monona County, Iowa. Exact legal description will come from the deed.
Taxes – $1,746 Annually
From Ute, Iowa
- Head south out of town on Tulip Ave. for 1 miles
- Turn east (right) onto 220th st. and continue for 1 miles
- Farm will be on the south side of the road.
- See signs.