Hardin County Iowa Land Auction, 108 Acres M/L

Live Webcast Auction

Mid Iowa Real Estate, Auctions & Appraisals

Hardin County Fairgrounds

Eldora, IA 50627

Date(s) 7/26/2024

Friday, July 26, 2024 at 10:00 AM

Hardin County Iowa Land Auction, 108 Acres M/L

Bidding opens in

38d 3h 35m

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Catalog

View Catalog (3 Lots)

Bidding Notice:

BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction. All bids will be on a per acre basis.

Auction Notice:

ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted. All bids will be on a per acre basis.

Auction Information

Name	Hardin County Iowa Land Auction, 108 Acres M/L
Auctioneer	Mid Iowa Real Estate, Auctions & Appraisals
Type	Live Webcast Auction
Date(s)	7/26/2024
Auction Date/Time Info	Friday, July 26, 2024 at 10:00 AM
Checkout Date/Time	Friday, July 26, 2024
Location	Hardin County Fairgrounds Eldora, IA 50627
Buyer Premium	No Buyers Premium
Description	DESCRIPTION: 108 acres m/l to be offered in three individual tracts at auction on Friday, July 26th, 2024 at 10:00 A.M. Tract #1 consists of 41 acres m/l, of which there are approximately 38.8 taxable acres m/l and 41.98 cropland acres m/l. Tract #2 consists of 64 acres m/l with approximately 62.38 taxable acres m/l and 51.79 cropland acres m/l. Tract #3 consists of 3 acres m/l with the residence & outbuildings. Tract #1 has an average CSR2 of 86.9 and Tract #2 has an average CSR2 of 66, with the county average CSR2 being 75.9. DIRECTIONS: Tract #1-From Eldora, Iowa, go east on State Highway #175 approximately 1 mile. Tract #1 is located on the south side of State Highway #175 with Tracts #2 and #3 located on the north side of State Highway #175. Please watch for real estate signs. TRACT #1-41 ACRES M/L LEGAL DESCRIPTION: (41 Acres M/L) East 2.12 Acres of the Northeast Quarter of the Southwest Quarter (E. 2.12 A- E1/4 SW1/4); Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), all in Section Nine (9), Township Eighty-seven (87) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to the abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 41.98 acres Corn Base: 23 acres PLC Yield: 140 bu. Of the 41.98 tillable acres m/l, there are presently 15.67 acres in CRP bid in at $182.61/acre until September 2030. This farm presently has 3.05 acres classified as Highly Erodible Land, with the balance classified as Non-Highly Erodible. No Wetlands Determination is complete at this time. PROPERTY TAXES: $1,492/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence. TRACTS #1 & #2-FARM LEASE: Sellers are to retain all of the 2024 crop due for 2024. Contact the auctioneer for details. The lease for 2025 has been terminated. TRACT #2-64 ACRES M/L LEGAL DESCRIPTION: (64 Acres M/L) Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4); East 17’ of the Southeast Quarter of the Northwest Quarter (E.17’ SE1/4 NW1/4), Except the 3 acres building site with residence; Northwest Quarter of the Northeast Quarter (NW1/4 NE 1/4), Except the State Park and Except 3A M/L in the SW corner of the property containing the residence, all in Section Nine (9), Township Eighty-seven (87) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 51.79 acres Corn Base: 28.4 acres PLC Yield: 140 bu. Of the 51.79 tillable acres m/l, there are presently 17.98 acres in CRP bid in at $182.61/acre until September 2030. This farm is classified as Highly Erodible. No Wetlands Determination is complete at this time. PROPERTY TAXES: $2,000/year (Est). Property taxes will be prorated to date of closing. TRACT #3-3 ACRES M/L & RESIDENCE LEGAL DESCRIPTION: (3 Acres M/L) 3 acres m/l located in the SW1/4 SW1/4 NW1/4 in Section Nine (9), Township Eighty-seven (87) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for the exact legal description. PROPERTY ADDRESS: 32563 State Highway #175, Eldora, Iowa. RESIDENCE: The home on this property is a majestic older 2-story home that was built in the 1920’s. The exterior is well-maintained brick. The home has 3 bedrooms, 2 full baths, full basement, a large deck, and is equipped with a gas hot water heater. The roof has asphalt shingles and most of the windows replaced. There is a basement entry from inside the house as well as an entrance directly to the basement from outside. This home has been well maintained over the years with lots of woodwork and some built-ins. OUTBUILDINGS: The property has a 2-car 24‘ x 36‘ detached garage with metal siding, metal roof, and two overhead doors. There is an additional building that is 29‘ x 50‘. WELL & SEPTIC: The property is served by a well. No Information regarding this well is available at this time. The septic system has had some work done with another leach line added. No other information is available. Please contact the Broker/Auctioneer for any other detalis on this property. PROPERTY TAXES: $2,000/year (Est). Property taxes will be prorated to date of closing. OPEN HOUSE An open house will be held on Saturday, June 29th, 2024, from 10:00 AM to 2:00 P.M.

Terms and Conditions

SALE METHOD: Tracts #1, #2, & #3 will be offered as individual tracts and will not be combined. Tract #1 will be sold as 41 acres m/l, Tract #2 will be sold as 64 acres and Tract #3 will be sold as 3 acres m/l. MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer. EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account. POSSESSION: Possession will be granted at closing, on or about October 1, 2024, subject to the current cash rent lease and current tenant’s rights for the 2024 crop year. CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs. CLOSING: Closing will occur on or about October 1, 2024. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer. SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs. BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction. ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted. ATTORNEY: Pat Craig SELLERS: Anne L. Wiesner Estate This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged to perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids. Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 900.00	100.00 USD
900.01 - 9,700.00	100.00 USD
9,700.01 - 97,500.00	100.00 USD
97,500.01 - 9,999,999.99	10,000.00 USD

Payment Information

Currency	USD
Buyer Premium	No Buyers Premium
Payment Terms	EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.

Shipping / Pick Up

POSSESSION: Possession will be granted at closing, on or about October 1, 2024, subject to the current cash rent lease and current tenant’s rights for the 2024 crop year. CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs. CLOSING: Closing will occur on or about October 1, 2024. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.