LAND AUCTION 400.87 Acres m/l in 3 Parcels, Sloan and Lake Townships, Woodbury & Monona County, IA

Monday, December 19, 2016 at 10:00am
428 Evans
Sloan, IA 51055

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Auction Description

LAND AUCTION
400.87 Acres in 3 Parcels
m/l, Sloan and Lake Townships, Woodbury & Monona
County, IA

Date: Mon., Dec. 19, 2016
Time: 10:00 a.m.
Auction Site:
Sloan Community Center
Address:
428 Evans St.
Sloan, IA. 51055

Property Information
Location
Tract One: From Sloan at the Jct. of Hwy 141 and CR-K45 drive SE 0.4 miles, turn right onto Delaware Ave. and continue 0.5 miles. This location places you on the east side of the property.
Tract Two: From Sloan at the Jct. of Hwy 141 and CR-K45 drive SE 1.1 miles, turn right onto 110th St. drive 0.9 miles west, turn left Buckeye Ave. drive 0.3 miles. This location places you in the middle with the property on both sides of the road.

Tract Three: From Sloan at the Jct. of Hwy 141 and CR-K45 drive SE 1.5 miles. This location places you on the west side of the property.

Legal Description
Tract One:
The Southeast Quarter (SE 1/4) of the Southeast Quarter (SE 1/4) of Section Thirty-one (31), Township Eighty-six (86) North, Range Forty-six (46), West of the 5th P.M., in the County of Woodbury and State of Iowa.

and

The South Half (S1/ 2) of the Southwest Quarter (SW1 /4) of Section Thirty-two (32), Township Eighty-six (86) North, Range Forty-six (46), West of the 5th P.M., in the County of Woodbury and State of Iowa; EXCEPT All that part of the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) of Section

Thirty-two  (32), Township  Eighty-six (86) North, Range Forty-six (46) West of the Fifth (5th) Principal Meridian, Woodbury County, Iowa, described as beginning at the South Quarter  (S1/4) corner of Section Thirty-two (32), Township  Eighty­ six (86), Range Forty-six (46), thence North Eighty-nine Degrees Nineteen Minutes Twenty Seconds (N 89°1 9'20") West along the South line of the Southwest Quarter  (SW1/4) Two Hundred Sixty Feet (260.00'), thence due North Four Hundred Seventeen Feet (417 .00'), thence South Eighty-nine

Degrees Nineteen Minutes Twenty Seconds (S 89°1 9'20") East Two Hundred Sixty Feet (260.00') to the East line of said Southwest Quarter (SW1 /4), thence due South along said East line Four Hundred Seventeen Feet (417 .00') to the point of beginning; and EXCEPT A parcel of land located in the Southeast Quarter (SE1/4)  Southwest  Quarter  (SW1/4) of Section Thirty-two  (32), Township Eighty-six (86) North, Range Forty-six (46) West of the 5th P.M., Woodbury County, Iowa described as follows: Commencing at the Southeast corner of the Southwest  Quarter  (SW1/4) of Section Thirty-two  (32), Township  Eighty-six (86), Range Forty-six (46), thence North Eighty-nine Degrees Nineteen Minutes Twenty Seconds (N 89°1 9'20") West Two Hundred Sixty feet  (260.00') along the South line of said Southwest Quarter (SW1 /4), thence North Zero Degrees Zero Minutes Zero Seconds (N 00°00'00") West Two Hundred Forty-seven Feet (247.00') to the Point of Beginning, thence continuing North Zero Degrees Zero

Minutes Zero Seconds (N 00°00'00") West One Hundred Seventy Feet (170.00'), thence North Eighty-nine Degrees Nineteen Minutes Twenty Seconds   (N89°19'20")  West One Hundred Four Feet (104.00'), thence South Zero Degrees Zero Minutes Zero Seconds (S 00°00'00") East One Hundred Seventy Feet (170.00'), thence South Eighty-nine Degrees Nineteen Minutes Twenty Seconds (S 89°19'20") East One Hundred Four Feet ( 104.00') to the point of beginning.

Tract Two:
The East One-half (E1/ 2) of the Northwest Quarter (NW1/4) in Section Eight (8) and the South One-half (S1/ 2) of the Northeast Quarter (NE1/4) of Section Eight (8), in Township Eighty-five (85) North, Range Forty-six (46), West of the 5th P.M., in Monona County, Iowa; and
The Northwest Quarter of the Northwest Quarter (NW1/4
NW1/4) of Section Eight (8), Township Eighty-five (85) North, Range Forty-six (46), West of the 5th P.M., Monona County, Iowa.

 

Tract Three:
The West Half of the Northeast Quarter (W1/2 NE 1/4) of Section Four (4), Township Eighty-five (85) North, Range Forty-six (46), West of the 5th P.M., Monona County, Iowa; except that part lying east of the McCandless-Cleghorn Outlet Drainage District as now (1968) established;

and

The South Half of the Northwest Quarter (S1/2 NW1/4) of Section Four (4), Township Eighty-five (85) North, Range Forty-six (46) West of the 5th P.M., Monona County, Iowa; except the Railroad Right-of-Way, the Public Highways, and that part of the Southwest Quarter of the Northwest Quarter (SW 1/4 NW 1I4) lying South and West of the Right-of-Way of the Chicago & Northwestern Railway.


Real Estate Tax
Tract One: Annual Tax - $2,518.00 Drainage - $345.15, Taxable Acres – 113.10
Tract Two: Annual Tax - $3,576.00 Drainage - $260.00, Taxable Acres – 192.18
Tract Three: Annual Tax - $2,528.00 Drainage - $82.00, Taxable Acres – 95.59
 
FSA Data
Tract One: Farm Tract 7260
Crop Acres: 110.70
Corn Base: 54.6 Ac.
Corn PLC Yield: 149 Bu.
Bean Base: 55.7 Ac.
Bean PLC Yield: 42 Bu.

Tract Two: Farm Tract 2156 and 2168
Crop Acres: 192.90
Corn Base: 97.7 Ac.
Corn PLC Yield: 149 Bu.
Bean Base: 95.2 Ac.
Bean PLC Yield: 42 Bu.

Tract Three: Farm Tract 7261
Crop Acres: 96.01
Corn Base: 48.6 Ac.
Corn PLC Yield: 149 Bu.
Bean Base: 47.4 Ac.
Bean PLC Yield: 42 Bu.

Soil Types/Productivity
Tract One: Primarily Luton silty clay and Woodbury silty clay. See soil map for detail.
• CSR2: 67.4 per 2016 AgriData, Inc.
• CSR: 46.3 per 2016 AgriData, Inc.
Tract Two: Primarily Luton silty clay and Woodbury silty clay. See soil map for detail.
• CSR2: 58.6 per 2016 AgriData, Inc.
• CSR: 41.7 per 2016 AgriData, Inc.
Tract Three: Primarily Luton silty clay and Blencoe silt clay. See soil map for detail.
• CSR2: 69 per 2016 AgriData, Inc.
• CSR: 52.4 per 2016 AgriData, Inc.


Land description
Level Bottom Land

Buildings/Improvements
Tract One: 3 Grain Bins – 8,200 Bu., 10,000 Bu., and 11,000 Bu.  Annual rent of $2000 paid after 2017 harvest if used.


Auction Information
Method of Sale
• Property will be offered as three individual Tracts.
• Bids will be $/acre
using a multiplier of 113.10 acres for Tract One and $/acre using a multiplier of 192.18 acres for Tract Two and $/acre using a multiplier of 95.59 acres for Tract Three
• Sellers reserve the right to refuse any and all bids.

Sellers
Robert P. Friis Trust - Robert Michael Friis - Trustee & Gertrude F. Friis Estate - Robert Michael Friis and Margaret J. Copple - Co-Executors.



Attorney
Dale Smith Ph. 712-428-3822

Agency
McCall Auctions and Real Estate and their representatives are Agents for the Sellers.

Terms
10% down payment required the day of the sale. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase on or before January 31, 2017 or after any objections to title have been cleared. Final settlement will require certified funds or wire transfer. Possession will be given at settlement subject to the existing Farm Lease which expires March 1, 2018. Taxes will be prorated to Date of Closing.

The Cash Rent of $250.00 x’s Cropland Acres will be assigned to the buyers of the farmland receiving first payment on March 1st and second payment on September 1st 2017. The following totals apply: $27,675 for Tract One, $48,225 for Tract Two, and $24,000 for Tract Three.



Announcements
Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the properties is made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the properties. The information contained in this advertising is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Sellers and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer and Sellers' at the auction are final.

Contact Russ McCall for further information or detailed brochure Ph: 712-423-1901


For Complete Details, Photos, and Maps Log Onto: www.McCallAuctions.com

 

 

Auction Conducted By:

McCall Auctions and Real Estate
905 Iowa Avenue
Onawa, IA
712-423-1901
Russ and Brent McCall, Auctioneers
Loretta McCall and Andrea Meyer, Clerks