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Tuesday, September 17, 2024 at 10:00 AM
DESCRIPTION: 96 acres m/l to be offered at auction on Tuesday, September 17th, 2024, at 10:00 A.M. This property consists of 96 acres m/l, of which there are approximately 93 taxable acres and 63.42 cropland acres m/l. This tract has an average CSR2 of 68.1, with the Marshall County average CSR2 being 75.7.
DIRECTIONS: From Clemons, Iowa, go east on 165th Street approximately 2 miles to Gerhart Avenue. The subject property is located on the north side of 165th Street or in the NW corner of the intersection of Gerhart Avenue and 165th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: (96 Acres M/L) Northeast Quarter of the Northeast Fractional Quarter (NE1/4 NE Frl. 1/4); Southeast Quarter of the Northeast Fractional Quarter (SE1/4 NE Frl. 1/4); All the abandoned railroad right of way in the SE1/4 NE/14, all in Section One (1), Township Eighty-four (84) North, Range Twenty (20), West of the 5th P.M., Marshall County, Iowa. Please refer to abstract for the exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 63.42 acres
Corn Base: 25.2 acres PLC Yield: 116 bu.
Bean Base: 16.40 acres PLC Yield: 37 bu.
This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.
FARM LEASE: The subject property is leased for the 2024 crop year. The seller will retain all cash rent income for the 2024 crop year. The lease for the 2025 crop year has been terminated.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
PROPERTY TAXES: $2,822/year. Property taxes will be prorated to the date of closing.
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