Franklin County Iowa Land Auction, 134 Acres M/L | Live and Online Auctions on HiBid.com

DESCRIPTION: 134 acres m/l to be offered in two individual tracts at auction on Friday, December 29th, 2023, at 10:00 A.M. Tract #1 consists of 96 acres m/l, of which there are 94.47 taxable acres m/l and 94.86 cropland acres m/l. Tract #2 consists of 38 acres m/l, of which there are 36.52 taxable acres m/l and 37.56 cropland acres m/l. Tract #1 has an average CSR2 of 83.1 and Tract #2 has an average CSR2 of 77.9, with the county average CSR2 being 79.4. DIRECTIONS: From Latimer, Iowa, go west on State Highway #3 to Jonquil Avenue, then north on Jonquil Avenue 1/4 mile. Tract #1 is located on the west side of Jonquil Avenue, with Tract #2 being located on the east side of Jonquil Avenue. Please watch for real estate signs. TRACT #1 LEGAL DESCRIPTION: (96 Acres M/L) Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4), Except Parcel #0628200007; Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), North of RR; Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), North of the RR, Except Parcel #0628200007, all in Section Twenty-eight (28), Township Ninety-two (92) North, Range Twenty-one (21), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract or a survey for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 94.86 acres Corn Base: 53 acres PLC Yield: 151 bu. (Est) Bean Base: 41 acres PLC Yield: 46 bu. (Est) This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time. PROPERTY TAXES: $3,018/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. TRACT #2 LEGAL DESCRIPTION: (38 Acres M/L) Northwest Quarter of the Southwest Quarter (NW1/4 SW1/4), North of the RR, all in Section Twenty-seven (27), Township Ninety-two (92) North, Range Twenty-one (21), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract or a survey for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 37.56 acres Corn Base: 19 acres PLC Yield: 151 bu. (Est) Bean Base: 15 acres PLC Yield: 46 bu. (Est) This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time. This tract has 3.35 acres of CRP that pays $372.50/acre or $1,248/yr until 2025. PROPERTY TAXES: $1,094/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. TRACTS #1 & #2-FARM LEASE: The subject property is open for 2024. Sellers to retain 100% of the 2023 crop income or cash rent on the property.