absolute land auction - Farmers National Company

L-1600688
ABSOLUTE LAND AUCTION
97+/- Acres, Black Hawk County, Iowa
Thursday, September 15, 2016 • 10:00 AM
at the American Legion Post 714 • 1110 6th Street • Gilbertville, Iowa
Highlight Features:
• Cropland has nice CSR soils. CSR 1 =
77.3 and CSR 2 = 80.1.
• Lots of drainage tile installed to enhance drainage and crop yield potential.
• Very close to highway access with
excellent local grain and processor
markets.
• Mostly tillable and gently rolling so water can get away.
Property Location: From Raymond, Iowa, drive east on County Highway 22 approximately three and three quarter miles to Oxley Road then south on Oxley Road one mile.
The farm lies on the southwest side of the intersection of Oxley and Young Road.
Legal Description: The East 1/2 and SW 1/4 of the North East 1/4 Excluding 5.5 acre
building site to be surveyed off in Section 8, Township 88 North, Range 11 West of the
5th P.M. or better known as Fox Township.
For additional information, please contact:
Robert Regenwether, AFM, Agent
Serving America’s Landowners Since 1929
www.FarmersNational.com
Hudson, Iowa
Office: (319) 988-3585
Cell: (319) 240-5310
RRegenwether@FarmersNational.com
www.FarmersNational.com/RobertRegenwether
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Property Description: Mostly tillable and this
farm that has a lot of drainage tile in it! Gently
rolling topography that is classified Non Highly
Erodible by the local Farm Service Agency office.
It lays in area of Iowa that generally has favorable
weather patterns with frequent summer moisture
to maximize yield potential. Close proximity to
major highways with great access to processor
and ethanol grain markets.
5th S t
S Ray mo n d Rd
Fenton Rd
G Gilbertville
Fox Rd
§
¨
¦
Po y ne r Rd
D38
N Nesbit Rd
S Nesbi t Rd
Oxley Rd
20
Indian Creek Rd
380
Gi
ille
Rd
r tv
te
lb e
r
po
St
Rd
McK eve tte Rd
S Can fi eld Rd Ca n fie ld Rd
20
Rickard Rd
Oxley Rd
La
Girsch Rd
Rd
e
N Can f iel d Rd
N Can f iel d Rd
S Can fi eld Rd
S Pilot Grov e Rd
S Ordway Rd
¤
£
¤ £
Ca n fie l d R d
E Was hb u rn
Washburn
Foulk Rd
V49
Osage Rd
Dub u qu e Rd
S Can fi eld Rd
d
Dysart Rd
V49
S Ordway Rd
Dr
R
B ris to l R d
North Av e
Mc Ke lle r Rd
Av
S Can fi eld S t
al
S
N Ordway Rd
N Pilot Grov e Rd
Merle Rd
N E lk Ru n R d
le
G
G
G
Young Rd
Indian Creek Rd
Dr
3r d
E Schrock Rd
eD
r
il
St
E Washburn Rd
i ne
tv
as
e
V37
E Orange Rd
La
er
Ce Be l l e
da
rT
er
ra
c
x
Te
Hess Rd
§
¨
§¦
¨
¦
St
20
20
Evansdale
6th St
e r R d 380
R i v380
D20
G
a
Park Rd
V49
Newell St
G
Dub u qu e Rd
Lafayette Rd
D22
D ub u q
ue Rd
Raymond
az
218
Conard Rd
Pl
£
¤
bu
qu
e R
et t
d
e R
d
Cen tr al Av e
Brookside Ave
r
£
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£
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Hammond Ave
D
fa y
G
G
V49
Weiden Rd
ar
n
na
Du
Douglas Rd
Easton Ave
E Shaulis Rd
21
T
S
La
Mitchell Ave
Ohio St
n
M
Osa ge Rd
S E lk Run Rd
Byron Ave
ilb
Sa
t
G
T
S
21
E
S
Frank lin St
otter Rd
St
W 11t h S t
Baltim ore St
W 7th St W
8t
h
l
Property Location Map
V49
G
M c C oy R d
Bishop Ave
fa F ran
ye
t te kl in
St S
t
Barclay Rd
M c St ay R d
Ln
Northeast Dr
Ash St
Vine St
E Donald St
S Ray mo nd Rd
St
La
t
E 4t h St
S
rk
B
in
er
Waterloo
ci
a
h
St
Shirley St
S um n er S t
Wi llo w S t
W 9th St
Pa
Newe ll S t
kl
Dewar
F
W
C
o
t mm
E Donald St
St
Rd
4t
S
an
V49
A
r
Fr
G
E Don a ld S t
E Donald St
E Louise St
H a n ov e
r St
R iv e
E Airline Hwy
McStay Rd McStay Rd
63
Dunkerton
281
S
T
N Raymond Rd
£
¤
Co n g er S t
V49
N Elk Run Rd
E Airline Hwy
W Do na ld S t
G
G
V43
Schenk Rd
Lo ga n Av e
E Big Rock Rd
N Raymond Rd
E Dun k er to n Rd
Moline Rd
63
Crane Creek Rd
£
¤
FSA Information (NHEL):
Base
Yield
Corn
56.0 acres 161 bushels
Soybeans 32.6 acres
48 bushels
N Elk Run Rd
Sage Rd
Taxes: $1,927 or $19.86
Farm Data:
Cropland
88.63 acres
Non-crop
8.37 acres
Total
97.00 acres
83C2
395B
83C2
Sec. 5
Tract Soil Map
Sec. 4
Sec. 5
Young Rd
284B
408B
395B
391B
Sec. 9
T88N R11W
Sec. 8
1226
198B
20
£
¤
395B
408C
1226
198B
177
£
¤
20
20
£
¤
20
MAP
NON IRR
SYMBOL
NAME
LCC
CSR1
395B
Marquis loam, 2 to
5 percent
IIe
89
NON
IRRslopes
391B
Clyde-Floyd complex, 1 to 4 percent slopes
IIw
72
NAME
LCC occasionally
CSR1 flooded
CSR2 ACRES
135
Coland clay loam, 0 to 2 percent slopes,
IIw
80
177slopes
Saude loam, 0 to 2 percent
IIs
63
Marquis loam, 2 to 5 percent
IIe slopes89
91
34.8
Latitude: 42.4535°N
198B
Floyd loam, 1 to 4 percent slopes
IIw
80
Longitude:
-92.1472°W
Clyde-Floyd
complex,
1
to
4
percent
slopes
IIw
72
87
14.2
Kraus Farm
408B
Olin fine sandy loam, 2 to 5 percent slopes
IIe
66
Imagery Source: USDA NAIP
Black Hawk Co., IA
Soil Data Source: USDA NRCS
Flagler sandy loam, 2 toIIw
5 percent slopes
IIIe
45
Coland clay loam, 0 to 2 percent
slopes,284B
occasionally flooded
80
70
13.0
Boundaries Are Approximate
408C
Olin fine sandy loam, 5 to 9 percent slopes
IIIe
51
Saude loam, 0 to 2 percent
slopes
IIs
63
60
9.8
426C2
Aredale loam, 5 to 9 percent slopes, moderately eroded
IIIe
68
Spillville-Coland complex, 0 to 2 percent
flooded
IIw
86
Floyd loam, 1 to 4 percent585
slopes
IIwslopes, occasionally
80
89
4.6
83C2
Kenyon loam, 5 to 9 percent slopes, eroded
IIIe
69
Olin fine sandy loam, 2 to 5 percent
slopes Lawler loam, 0 to 2 percent slopes,
IIe rarely66
3.9
1226
flooded 71
IIs
72
284
Flagler
sandy
loam,
0
to
2
percent
slopes
IIIs
IIIe
45
50
2.7 50
Flagler sandy loam, 2 to 5 percent slopes
84
Clyde silty clay loam, 0 to 3 percent slopes
IIw
76
Olin fine sandy loam, 5 to 9 percent
IIIe
51
65
2.6 77.3
TOTAL slopes
Oxley Rd
MAP
SYMBOL
395B
391B
135
177
198B
408B
284B
408C
426C2
585
83C2
1226
284
84
TOTAL
135
177
284
Aredale loam, 5 to 9 percent slopes, moderately eroded
Spillville-Coland complex, 0 to 2 percent slopes, occasionally flooded
Kenyon loam, 5 to 9 percent slopes, eroded
Lawler loam, 0 to 2 percent slopes, rarely flooded
Flagler sandy loam, 0 to 2 percent slopes
Clyde silty clay loam, 0 to 3 percent slopes
Kraus Farm
Black Hawk Co., IA
Sec. 9
408C
585
426C2
£
¤
177
391B
Former
284
Borrow Pit
284B
408B
135
391B
395B
Sec. 9
Sec. 8
T88N R11W
426C2
177
Oxley Rd
Oxley Rd
Sec. 8
391B
585
84
83C2
83C2
T88N R11W
Sec. 4
Young Rd
Oxley Rd
Tract Aerial Photo
IIIe
68
IIIe
IIs
IIIs
IIw
69
72
50
76
77.3
Kraus
Farm
IIw
86
Black Hawk Co., IA
83
74
84
59
55
88
80.1
CSR2 ACRES
91
34.8
87
14.2
70
13.0
60
9.8
89
4.6
71
3.9
50
2.7
65
2.6
83
2.4
74
1.5
84
1.1
59
1.1
55
0.4
88
0.1
80.1 92.3
2.4Latitude: 42.4536°N
Longitude: -92.1472°W
1.5Imagery Source: USDA NAIP
Soil Data Source: USDA NRCS
1.1Boundaries Are Approximate
1.1
0.4
0.1
92.3
Latitude: 42.4536°N
Longitude: -92.1472°W
Imagery Source: USDA NAIP
Soil Data Source: USDA NRCS
Boundaries Are Approximate
AUCTION TERMS
Minerals: All mineral interests owned by the Seller,
if any, will be conveyed to the Buyer(s).
Taxes: Real estate taxes will be prorated to closing.
Conditions: This sale is subject to all easements,
covenants, restrictions of record, and leases. Each
Bidder is responsible for conducting, at their own risk,
their own inspections, inquiries, and due diligence
concerning the property. All property is sold on
an “AS IS-WHERE IS” basis with no warranties
or guarantees, either expressed or implied, by the
Seller or Farmers National Company.
Possession: Possession will be granted at closing
November 1, 2016 or such other date agreed to by
the parties. Subject to current lease.
Earnest Payment: A 10% earnest money payment
is required on the day of the auction. The payment
may be in the form of cash, cashier’s check,
personal check, or company check. All funds will be
deposited and held by Farmers National Company
in their trust account.
Contract and Title: Immediately upon conclusion
of the auction, the high bidder(s) will enter into a real
estate contract and deposit with Farmers National
Company the required earnest payment. The
Seller will provide a current abstract of title at their
expense. The cost of any escrow closing services
will be paid equally by both. Sale is not contingent
upon Buyer(s) financing.
Closing: The sale closing is on November 1, 2016
or such other date agreed to by the parties. The
balance of the purchase price will be payable at
closing in cash, guaranteed funds, or by wire transfer
at the discretion of Farmers National Company.
Survey: At the Seller’s option, the Seller shall
provide a property survey sufficient to provide good
title where there is not an existing legal or where
new boundaries are created. Both will pay on-half
of the survey cost. Final contract prices will not
be adjusted to reflect any difference between the
advertised and actual surveyed acres.
Sale Method: The real estate will be offered
as one individual tract. All bids are open for
advancement until the Auctioneer announces that
the real estate is sold or that the bidding is closed.
Bidding increments are solely at the discretion of
the Auctioneer. No absentee or telephone bids
will be accepted without prior approval of Farmers
National Company and Seller. All decisions of the
Auctioneer are final.
Approval of Bids: This is an absolute auction and
the real estate will be sold to the high bidder(s)
subject to no minimums or reserves.
Agency: Farmers National Company and its
representatives are acting as Agents of the Seller.
Announcements: Information provided herein was
obtained from sources deemed reliable, but neither
Farmers National Company nor the Seller makes
any guarantees or warranties as to its accuracy. All
potential bidders are urged to inspect the property,
its condition, and to rely on their own conclusions.
All sketches, dimensions, and acreage figures are
approximate or “more or less”. Any announcements
made auction day by Farmers National Company
will take precedence over any previous printed
materials or oral statements. Farmers National
Company and Seller reserve the right to preclude
any person from bidding if there is any question as
to the person’s credentials or fitness to bid.
Seller(s): Margaret Kraus Estate
Auctioneer: Eric Mueller
Additional Information:
• The CSR 1 and CSR 2 ratings are believed
correct based on County Assessor information.
• Approximately 31 acres of ground located in the
SW1/4 of the NE1/4 of Section 8 was the property
of the State of Iowa at one time and the top soil
was removed from the farm to build State Highway
20. The ground was former Borrow Pit. What is
left is subsoil which is a mix of clay and blue clay.
It will raise a fair to good crop, but not at the same
level as the non disturbed soils in the surrounding
area.