Winnebago County land auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Phyllis R. Hays farmland auction in Winnebago County, Iowa. The farm consists of 94.21 +/- acres, located 3 miles west of Thompson, Iowa. The farm will be offered at a public auction on February 11th at the Branding Iron Round-up Room – at 1pm. The farm will be offered in two separate tracts. 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 73.13 +/- net taxable acres, with 73 acres considered cropland acres 7.4 of those cropland acres are in CRP with a contract that has an expiration of 9-30-2022 (CRP Contract can be seen below for more details) . The CSR2 average is 77 CSR2 on tract 1, for the tillable acres. Tract 2 consists of 21.08 +/- net taxable acres, with 20.9 +/- acres considered cropland acres. The CSR2 average is 83 on tract 2. The farms have an open tenancy for the 2020 growing season. Farmland in Southwest Winnebago County is held in strong ownership. *Farms will be sold using bidders’ choice method. See you at this Winnebago County land auction!
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker Luke Skinner at 515-468-3610 for more information on this Winnebago County Land Auction.
Tract 1 – 73.13 +/- Acres
- 73 +/- Cropland Acres | 77 CSR2
- 7.4 CRP Acres
- Gently Rolling Farmland
- $1074 Annual Taxes
Tract 2 – 20.18 +/- Acres
- 20.09 Cropland Acres | 83 CSR2
- Gently rolling farmland
- Farm is currently being farmed with 24 row equipment
- $274 Annual Taxes
Base Acres
Tract #1
Corn-44.51
Soybeans-14.67
Tract #2
Corn-14.00
Soybeans- 4.62
PLC Yield
146 Corn
34 Soybeans
Auction Date: February 11th
Auction Time: 1 PM
Auction Location: Branding Iron – Round-Up Room
Auction Address: 135 Jackson Street, Thompson, IA 50478
Sale Method: The farm will be sold as 2 tracts at live public auction using the bidders choice method.
Farm Lease: Farm lease for 2020 is open.
Survey: Final bid multiplier will be based on taxable acres collected from the county assessor page
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: Farm possession will be at closing.
Farm Closing: March 31st
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 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.
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 29 and 32 of King TWP, Winnebago County, Iowa. See exact legal description will come from the deed.
Taxes
Tract #1 $1,047
Tract #2 $274
From Thompson, Iowa
- Go south on 100th Ave .5 miles
- Go west on 410th Ave 2.5 miles
- Property signage is on the south side of the road on Tract #1. Tract #2 is on the north side of 410th street.
