Live Webcast Auction
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Date(s)
11/3/2023
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. All bids will be on a per acre basis. 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.


Information
Lot # 1
Group - Category Real Estate - Ag / Farm Land
Lead Hamilton County Iowa Land Auction, 120 Acres
Description
DESCRIPTION: 120 acres m/l to be offered at auction on Friday, November 3rd, 2023, at 10:00 A.M. This property consists of 120 acres m/l, of which there are approximately 119.4 taxable acres and 115.36 cropland acres m/l. This tract has an average CSR2 of 80.4, with the Hamilton County average CSR2 being 82.7. DIRECTIONS: From Ellsworth, Iowa, go east on State Highway #175 approximately 4 miles to Zeigler Avenue, then south on Zeigler Avenue 1 mile to 350th Street, then east 1/2 mile. The subject property is located on the south side of 350th Street. From Radcliffe, Iowa, go west on State Highway #175 to Zublin Avenue, then south on Zublin Avenue to 350th Street, then west on 350th Street 1/4 mile. The subject is located on the south side of 350th Street. Please watch for real estate signs. LEGAL DESCRIPTION: (120 Acres M/L) West One-Half of the Northeast Quarter (W1/2 NE1/4); Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), all in Section Twelve (12), Township Eighty-six (86) North, Range Twenty-three (23), West of the 5th P.M., Hamilton County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 115.36 acres Corn Base: 62.30 acres PLC Yield: 150 bu. Bean Base: 52.6 acres PLC Yield: 42 bu.. This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. FARM LEASE: The subject property is rented for the 2023 crop year. The owners will retain 100% of the 2023 crop income or cash rent. The lease for 2024 has been terminated. PROPERTY TAXES: $4,854/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
Name Hamilton County Iowa Land Auction, 120 Acres M/L
Auctioneer
Type Live Webcast Auction
Date(s) 11/3/2023
Auction Date/Time Info
Friday, November 3, 2023 at 10:00 AM
Checkout Date/Time Friday, November 3, 2023
Location
Buyer Premium No Buyers Premium
Description
DESCRIPTION: 120 acres m/l to be offered at auction on Friday, November 3rd, 2023, at 10:00 A.M. This property consists of 120 acres m/l, of which there are approximately 119.4 taxable acres and 115.36 cropland acres m/l. This tract has an average CSR2 of 80.4, with the Hamilton County average CSR2 being 82.7. DIRECTIONS: From Ellsworth, Iowa, go east on State Highway #175 approximately 4 miles to Zeigler Avenue, then south on Zeigler Avenue 1 mile to 350th Street, then east 1/2 mile. The subject property is located on the south side of 350th Street. From Radcliffe, Iowa, go west on State Highway #175 to Zublin Avenue, then south on Zublin Avenue to 350th Street, then west on 350th Street 1/4 mile. The subject is located on the south side of 350th Street. Please watch for real estate signs. LEGAL DESCRIPTION: (120 Acres M/L) West One-Half of the Northeast Quarter (W1/2 NE1/4); Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), all in Section Twelve (12), Township Eighty-six (86) North, Range Twenty-three (23), West of the 5th P.M., Hamilton County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 115.36 acres Corn Base: 62.30 acres PLC Yield: 150 bu. Bean Base: 52.6 acres PLC Yield: 42 bu.. This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time. FARM LEASE: The subject property is rented for the 2023 crop year. The owners will retain 100% of the 2023 crop income or cash rent. The lease for 2024 has been terminated. PROPERTY TAXES: $4,854/year. Property taxes will be prorated to date of closing. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
SALE METHOD: This tract will be offered as an individual tract of 120 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 December 22, 2023, subject to the current cash rent lease and current tenant’s rights for the 2023 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 December 22, 2023. 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. All bids will be on a per acre basis. 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: Jason Hyland SELLERS: Wallace E. Wierson & Colleta M. Wierson 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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000.00 100.00 USD
1,000.01 - 10,000.00 100.00 USD
10,000.01 - 97,500.00 100.00 USD
97,500.01 - 9,999,999.99 100.00 USD
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.
POSSESSION: Possession will be granted at closing, on or about December 22, 2023, subject to the current cash rent lease and current tenant’s rights for the 2023 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 December 22, 2023. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.