Osceola County Farmland auction – sold
PROPERTY DESCRIPTION
Iowa Land Company is honored to present the Lois Loerts Estate farmland sale in Osceola County, Iowa. The farm will be offered in a four tract “Choice Sale” option at public auction on June 8th, 2023 at 1:00PM at the Ocheyedan Town Hall located in Ocheyedan, Iowa.
Tract 1 consists of 80 +/- acres, located just 4 miles northwest of Ocheyedan, IA. Situated in Section 20 of Horton Township boasting a CSR2 rating of 87.4! Tract 2 consists of 70 +/- acres which is conjoining tract 1 to the east; this farm carries a CSR2 rating of 83.5. Tract 3 is a nice outside 80 containing 75.25 +/- cropland acres carrying a CSR2 of 81.3. This farm is also located in Section 20 of Horton TWP. Tract 4 is a nice farm with waterways in place totalling 159.03 +/- acres and carrying a CSR2 rating of 74.7. This farm is located in Section 19 of Horton TWP, just 5 miles northwest of town. What 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!
Grain selling opportunities are offered in town at Cooperative Farmers Elevator along with other surrounding towns. The farm is leased for the 2023 farm season, the buyers will receive the second half cash rent as a credit at closing. Opportunities like this are not offered often in Osceola County… Here is your chance to buy a large tract of land right in the middle of dairy country! We look forward to seeing you on sale day!
Call Land Broker/ Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this outstanding Osceola County Land Auction.
Farm Information
Tract 1
- 80 +/- Acres
- 79 +/- Cropland Acres
- 87.4 CSR2
- Outstanding inside 80
Tract 2
- 70 +/- Acres
- 68 +/- Cropland Acres
- 83.5 CSR2
- Highly productive farm
Tract 3
- 79.77 +/- Acres
- 75.25 +/- Cropland Acres
- 81.3 CSR2
- Nice natural drainage
Tract 4
- 159.03 +/- Acres
- 148.78 +/- Cropland Acres
- 74.6 CSR2
- Good drainage in place
Base Acre
- Corn – 208.31
- Soybeans – 61.2
PLC Yield
- 163 – Corn
- 44 – Soybeans
Auction Date: June 8th, 2023
Auction Time: 1:00 PM
Auction Location: Ocheyedan Town Hall
Auction Address: 869 Main Street Ocheyedan, IA 51354
Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The farm is currently leased for 2023. The new buyers will receive a 2nd half credit at closing. The rent credits will be as follows Tract 1 – $10,160 Tract 2 – $8,910 Tract 3 – $8,500 Tract 4 – $15,500.
Survey: NA
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.
Farm Closing: **UPDATED CLOSING DATE Tuesday – July 18th, 2023.
FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer if any.
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 Luke Skinner or Land Broker Matt 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 or phone bidding.
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
388.80 +/- acres located in Osceola County, Iowa Horton Township, Section 19/20. Exact legal description will come from the deed.
Taxes:
T1 – $1,726 +/- Annually Estimated. Taxes to be prorated on the date of closing.
T2 – $2,102 +/- Annually Estimated. Taxes to be prorated on the date of closing.
T3 – $1,882 +/- Annually Estimated. Taxes to be prorated on the date of closing.
T4 – $3,396 +/- Annually Estimated. Taxes to be prorated on the date of closing.
TBD
