Butler & Floyd Counties Iowa Land Auction, 234 Acres M/L

Live Webcast Auction

Mid Iowa Real Estate, Auctions & Appraisals

Greene Community Center 202 W South Street

Greene, IA 50636

Date(s) 9/13/2024

Friday, September 13, 2024 at 10:00 AM

Butler & Floyd Counties Iowa Land Auction

Bidding opens in

47d 17h 25m

Shipping Not Available

Catalog

View Catalog (4 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	Butler & Floyd Counties Iowa Land Auction, 234 Acres M/L
Auctioneer	Mid Iowa Real Estate, Auctions & Appraisals
Type	Live Webcast Auction
Date(s)	9/13/2024
Auction Date/Time Info	Friday, September 13, 2024 at 10:00 AM
Checkout Date/Time	Friday, September 13, 202
Location	Greene Community Center 202 W South Street Greene, IA 50636
Buyer Premium	No Buyers Premium
Description	DESCRIPTION: 234 acres m/l to be offered in four individual tracts at auction on Friday, September 13th, 2024, at 10:00 A.M. Tract # 1 consists of 110 acres m/l, of which there are 106 taxable acres m/l and 106 cropland acres m/l with a CSR2 of 63.9. Tract # 2 consists of 40 acres m/l with 40 taxable acres m/l and 39.9 cropland acres m/l with a CSR2 of 70.1. Tract # 3 consists of 44 acres m/l, of which there are 43.19 taxable acres m/l and 46.07 cropland acres m/l with a CSR2 of 75.5. Tract # 4 consists of 40 acres m/l with 39 taxable acres m/l and 38.84 cropland acres m/l with a CSR2 of 67.8. DIRECTIONS: Tract # 1-From Greene, Iowa, go east on County Blacktop C-13 to the intersection of C-13 & Ridge Avenue. Tract # 1 is located in the SE corner of the intersection of C-13 & Ridge Avenue. Tract # 2-From Greene, Iowa, go east on County Blacktop C-13 to County Blacktop T-64, then go south on T-64 1/4 mile. Tract # 2 is accessible by an easement that goes west from T-64. Tract # 3-From Greene, Iowa, go east on County Blacktop C-13 to County Blacktop T-64, then go north on T-64 1 mile to Floyd Line Street, then west on Floyd Line Street 1/2 mile. The subject property is located on the south side of Floyd Line Street. Tract # 4-From Greene, Iowa, go north on State Highway # 14 to county rock road 250th Street, then east on 250th Street 3/4 mile. The subject property is located on the north side of 250th Street. Please watch for real estate signs. TRACT # 1 LEGAL DESCRIPTION: (110 Acres M/L) West One-Half of the Northwest Quarter (W1/2 NW1/4); Northeast Quarter of the Northwest Quarter (NE1/4 NW1/4), Except the 10 acre m/l building spot, all in Section Twelve (12), Township Ninety-three (93) North, Range Sixteen (16), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 106 acres (Est) Corn Base: 55 acres PLC Yield: 137 bu. Bean Base: 50 acres PLC Yield: 38 bu. This farm is classified as Non-Highly Erodible Land. No Wetlands are in this tract. PROPERTY TAXES: $3,200/year (Est). 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, # 3, & # 4-FARM LEASE: Sellers are to retain all of the 2024 cash rent due for 2024. Contact the auctioneer for details. The lease for 2025 has been terminated. TRACT # 2 LEGAL DESCRIPTION: (40 Acres M/L) Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4) in Section Twelve (12), Township Ninety-three (93) North, Range Sixteen (16), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 39.9 acres (Est) Corn Base: 20.75 acres PLC Yield: 137 bu. Bean Base: 19 acres PLC Yield: 37 bu. This farm is classified as Non-Highly Erodible Land. No Wetlands are in this tract. PROPERTY TAXES: $1,096/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence. TRACT # 3 LEGAL DESCRIPTION: (44 Acres M/L) East Forty-eight acres of the Northwest Fractional Quarter (E. 48A NW Frl 1/4), Except Parcel A, in Section One (1), Township Ninety-three (93) North, Range Sixteen (16), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 46.07 acres Corn Base: 17.35 acres PLC Yield: 156 bu. Bean Base: 17.35 acres PLC Yield: 42 bu. This farm is classified as Non-Highly Erodible Land. No Wetlands are in this tract. PROPERTY TAXES: $1,290/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence. TRACT # 4 LEGAL DESCRIPTION: (40 Acres M/L). Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) in Section Thirty-six (36), Township Ninety-five (95) North, Range Seventeen (17), West of the 5th P.M., Floyd County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 38.84 acres Corn Base: 38.8 acres PLC Yield: 137 bu. Bean Base: None PLC Yield: NA This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time. PROPERTY TAXES: $1,130/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

Terms and Conditions

SALE METHOD: Tracts # 1, # 2, # 3, & # 4 will be offered as individual tracts and will not be combined. Tract # 1 will be sold as 110 acres m/l, Tract # 2 will be sold as 40 acres m/l, Tract # 3 will be offered as 44 acres m/l and Tract # 4 will be offered as 40 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 November 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 November 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: Christine Long SELLERS: Marcella M. Nixt Revocable Trust 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 - 9,000.00	100.00 USD
9,000.01 - 90,000.00	100.00 USD
90,000.01 - 9,999,999.99	100.00 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 November 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 November 1, 2024. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.