Winnebago County land auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Coxson family farm in Central Winnebago County, IA located in Section 15 of King TWP. The farm consists of 73.7 +/- total acres, located 1.5 miles north of Thompson, Iowa. The farm will be offered at public auction on Thursday May 5th, 2022 at the Roundup Room in Thompson, Iowa at 1:00pm. 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! The farm is a nice compact short 80 with good conservation practice in place. 73 +/- acres are considered cropland acres. This farm consists of gently rolling farmland with great water drainage. The CSR2 rating is 78. The farm is leased for the 2022 growing season; full possession will be March 1st, 2023. The new buyer will receive the second half payment for cash rent in December 2022.
Call Land Broker/Auctioneer Luke Skinner at 515-468-3610 or Land Broker Matt Skinner at 515-443-5004 for more information on this Winnebago County Land Auction.
Farm Information
- 73.7 +/- Acres
- 73 +/- Cropland Acres
- 78 CSR2
- PLC Yield
- Corn 171
- Soybeans 46
Auction Date: May 5th, 2022
Auction Time: 1:00 PM
Auction Location: Branding Iron – Round-Up Room
Auction Address: 135 Jackson Street, Thompson, IA 50478
Sale Method: The farm will be sold as 1 tract at live/simulcast public auction
Farm Lease: Leased for 2022. Possession March 1st, 2023 – Buyer to receive second half rent credit.
Survey: Survey has been completed. Multiplier will be 73.7 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 2022 farming season. Buyer will receive full possession March 1st, 2023.
Farm Closing: Thursday June 16th, 2022
FSA Information: Call Land Broker 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 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 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. 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
73.7 +/- acres located in Winnebago County, Iowa King Township, Section 15. Exact legal description will come from the deed.
Taxes:
Taxes – $2,612 Estimated as 80 acres
From Thompson, Iowa
- Go north on HWY 9 for .5 mile
- Take a right on 100th Ave and continue for 1 miles
- Farm is on the west side of the road
- See Signs
