Franklin County Iowa Land Auction, 432 Acres M/L | Live and Online Auctions on HiBid.com

DESCRIPTION: 432 acres m/l to be offered in three individual tracts at auction on Friday, December 22nd, 2023, at 10:00 A.M. Tract #1 consists of 213 acres m/l, of which there are 210.63 taxable acres m/l and 172.28 cropland acres m/l. Tract #2 consists of 139 acres m/l with 136.57 taxable acres m/l and 129.38 cropland acres m/l. Tract #3 consists of 80 acres m/l with 79 taxable acres m/l and 80.4 cropland acres m/l. Tract #1 has a CSR2 of 70.3, Tract #2 has a CSR2 of 79.5, and Tract #3 has a CSR2 of 82, with the Franklin County CSR2 being 79.4. DIRECTIONS: Tract #1-From Hampton, Iowa, go west on Highway 3 for 2 miles to Mallard Ave., then go south on Mallard Ave. for 6 miles to 90th Street. The farm is located in the southwest corner of the intersection. Tract #2-From Hampton, Iowa, go south on Olive Ave 3 miles to 110th Street. The farm is on the south side of the T-intersection. Tract #3-From Hampton, Iowa, go east on Highway 3 to Quail Ave., then go south on Quail Ave. for 2.5 miles. The farm will be on the west side of the road. Please watch for real estate signs. TRACT #1 LEGAL DESCRIPTION: (213 Acres M/L) Northeast Quarter (NE1/4), Except Parcel 1036200007 and Parcel “A”, and the Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4) and the North Half of the Northeast Quarter of the Southeast Quarter (N1/2 NE1/4 SE1/4), all in Section Thirty-six (36), Township Ninety-one (91) North, Range Twenty-one (21), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 172.28 acres Corn Base: 106.70 acres PLC Yield: 154 bu. Bean Base: 25.50 acres PLC Yield: 44 bu. This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. PROPERTY TAXES: $6,194/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: This property has an older barn and cattle loading area being sold “AS IS” with other improvements such as field drainage tile and perimeter fence. There is an easement for the two wind turbines that are on the property. The combined annual payment for these in 2024 is approximately $11,300.00. There is also an additional easement for the solar panels near the northeast corner of the property. Contact auctioneer for further details. TRACT #2 LEGAL DESCRIPTION: (139 Acres M/L) East Half of the Northeast Quarter (E1/2 NE1/4) of Section Twenty (20) and the West Half of the Northwest Quarter (W1/2 NW1/4) of Section Twenty-one (21), Except Parcel “A”, all in Township Ninety-one (91) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to the abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 129.38 acres Corn Base: 109.10 acres PLC Yield: 158 bu. Bean Base: 0 acres PLC Yield: 0 bu. This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. PROPERTY TAXES: $4,514/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: (80 Acres M/L) North Half of the Northeast Quarter (N1/2 NE1/4), all in Section Fifteen (15), Township Ninety-one (91) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to the abstract for exact legal description. FARM PROGRAM INFORMATION: Cropland: 80.4 acres Corn Base: 48.00 acres PLC Yield: 186 bu. Bean Base: 14.50 acres PLC Yield: 49 bu. This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. PROPERTY TAXES: $2,728/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence. **AUCTION WILL START WITH TRACT #3 AND GO IN REVERSE ORDER**