Union County land auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Campbell Family Trust in Union County, Iowa. The farm consists of 294.5 total acres, located 2.5 miles Southwest of Lorimor, Iowa. The farm will be offered at public auction on Oct 22th at the Lorimor Community Center at 12pm (noon). The farm will be offered in three separate tracts (See details below). This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to buy well taken care of farmland acres in an area where farmland does not come available to the public often! Tract 1 consists of 66.5 +/- acres, with 58.46 acres considered cropland acres. The CSR2 average is 64.5, with Nira-Sharpsburg, Macksburg, and Winterset silt loam soils making up the majority of the soil. Tract 2 consists of 111 +/- acres, with 85.5 +/- acres considered cropland acres. The CSR2 average is 58.9 on tract 2. Spring fed pond located on the west side of this tract. Tract 3 consist of 117+/- acres with 43.22 considered cropland acres with the remaining acres being in hardwood timber. Access trails are built out without the farm making entry and exit route easy for hunting use. This is a great hunting and recreational tract for the outdoor enthusiast. The CSR2 average is 72.1. A pond is located in the middle of this tract. There is a 40×60 metal shed with a 20×20 enclosed shop and 2 air dry grain bins on located on tract 3. The farm is rented for the 2019 growing season and will be open for the 2020 growing season. Possession following a successful harvest of current bean acres. *Farms will be sold using bidders choice. See you at the sale!
Call Land Broker Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this Union County Land Auction.
Tract 1 – 66.5 +/- Acres
- 58.46 +/- Cropland Acres | 64.5 CSR2
- Gently rolling farmland
- Tile and terrace in place
Tract 2 – 111 +/- Acres
- 85.5 Cropland Acres | 59.6 CSR2
- Gently rolling farmland
- Tile and terrace in place
- Spring fed pond
Tract 3 – 117 +/- Acres
- 43.22 +/- Cropland Acres | 72.1 CSR2
- Gently rolling farmland
- Tile and terrace in place
- Quality recreational farm
- Power in place
- Well in place
- Pond
- 40×60 shed with 20×20 workshop
Base Acres
Corn 87.95
Soybeans 87.95
PLC Yield
108 Corn
29 Soybeans
Auction Date: October 22nd
Auction Time: 12PM Noon
Auction Location: Lorimor Community Center
Auction Address: 503 Main St, Lorimor, IA 50149
Sale Method: The farm will be sold as 3 tracts at live public auction using the bidders choice method.
Farm Lease: Farm tillable ground is leased for the 2019 season. Farm lease for 2020 is open.
Survey: Final bid multiplier will be based of surveyed 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 2019 farming season. Buyer will receive full following tenants current crops being harvested.
Farm Closing: December 4th
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 seller and Iowa Land Company. All information is subject to change. Farm will be subject to 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 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.
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
294.5 +/- taxable acres located in Union County, Iowa New Hope Township, Section 21, 22, 27 & 28. Exact legal description will come from the deed.
Taxes:
Tract 1 – $1404 +/- Annually
Tract 2 – $1906 +/- Annually
Tract 3 – $1713 +/- Annually
From Lorimor, Iowa
- Take HWY 169 south for 2.2 miles
- Farm will be on the west side of HWY 169
- Property signage will be on the farm.
