Story County Farmland auction – SOLD
PROPERTY DESCRIPTION
Located in Story County, this high quality farm is located three to four miles northeast of Ames, Iowa in Milford Township Section 18. These outstanding 94.56 +/- acres of prime farmland will be offered for sale at live public auction! The auction will be on July 20th, 2022 at 1:00pm in Gilbert, Iowa at the Gilbert/Franklin Community Center. Online bidding is available. Contact agents for further information.
Iowa Land Company is honored to represent and offer this high quality farmland for sale owned by Jennifer Cannell Living Trust. The farm will be offered for sale as 94.56 +/- acres on July 20th, 2022. Agricultural information is listed below. This farm drains extremely well and has tile in place where needed, see tile maps above. The farms are leased for the 2022 growing season and full possession will be March 1st, 2023. Primary soil types are Clarion, Webster, and Nicollet loam soils.
This farm also offers development potential falling into the Ames Urban Fringe Plan. See the map on the Story County zoning and planning website. Location is key when investing in development land and this farm has easy access off Interstate I-35, exit 116 with entrances off E 190th Street and North Dayton Avenue.
Story County farmland doesn’t come available often, add development potential and opportunities like this become very rare. Here is your chance to acquire a well taken care of farm with a 85 plus CSR2 average, highly productive tillable acres, and development potential close to Interstate I-35. Join us and name your price July 20th at 1:00pm. For more information call Land Agent Nick Skinner or Land Broker Cody Skinner today.
Farm Information
- 94.56 +/- Taxable Acres
- 94.86 +/- FSA NHEL Cropland Acres
- 85.3 CSR2
- Buyer receives 50% of the 2022 cash rent
- Great farmability
- Strong farming community
- Development Potential
- One half mile from Exit 116 off I-35
- Paved road access off E 190th Street and North Dayton Ave.
- Base Acres
- 66.00 Corn
- 28.86 Soybean
- PLC Yield
- 142 Corn
- 50 Soybeans
Auction Date: July 20th, 2022
Auction Time: 1:00 PM
Auction Location: Gilbert/Franklin Community Center
Auction Address: 105 SE 2nd Street, Gilbert, IA 50105
Sale Method: The farm will be sold as one tract at live public auction with online and phone bidding available.
Farm Lease: Farm is leased for the 2022 season. Full possession is March 1st, 2023. Buyer will receive 50% of the cash rent. Buyer will receive the second half of the cash rent payment September 1, 2022 from the tenant.
Survey: No surveys will be conducted prior to closing. We are selling taxable +/- acres.
Purchase Agreement: Immediately upon conclusion of the auction, if the seller’s reserve amount has been met, 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 March 1st, 2023.
Farm Closing: September 2nd, 2022
FSA Information: Call Land Agent Nick Skinner or Land Broker Cody 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 Agent Nick Skinner or Land Broker Cody 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
94.56 +/- taxable acres located in Story County, Iowa Milford Township, Section 18. Exact legal description will come from the abstract. Parcel ID’s -0618130000, 0618300100, 0618300325.
Taxes:
$2,952 Annually Estimated
From Gilbert, Iowa
- Take 170th Street east out of town for 1 mile
- Turn south onto HWY 68 and continue for 1 mile
- Turn east onto 180th Street and continue for 2 miles
- Turn south onto N Dayton Ave and go .5 mile
- Farm will be on the east side of the road
- See signs
