HOOVER REAL ESTATE CO.
LAND AUCTION
Buena Vista County – Coon Township

               9:30 A.M. Tuesday, May14th, 2002          

 98.12 Acres

LOCATED: At the farm site, ¼ mile east of intersection C-49 &   M-54  OR from Newell, IA 4 miles north on M-54 and ¼ mile east on C-49  OR from Varina, Ia 4 ½ miles west on C-49.
LEGAL: A tract of land located in the Southwest Quarter (SW ¼) of Section 28, Township 91 North, Range 35 West of the 5th P.M., Buena Vista County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Net annual taxes payable 2001 & 2002 - $1458
FSA DATA:  96.5 Tillable acres   Corn Base - 59.7 acres   Corn Yield – 126 Bu.
SOILS:  Nicollet, Clarion and Canisteo.    Average CSR -  73.71 (determined by Buena Vista County Assessor)
COMMENTS:  This is a typical northern Buena Vista County high yielding farm.  The tract being sold is all tillable, four miles from the grain markets and on a black top road.  There are no point rows & the farm is well tiled.  The farm’s pasture, TV tower & access to it and the acreage were sold last year.  There is no CRP land or highly erodable land in this offering.  This 98 acres make an excellent add-on for an operating farm or an excellent investment property. 
TERMS: 10% down the day of the auction. Buyer(s) shall sign a real estate contract requiring the balance to be paid on June 10, 2002.  The Buyer(s) to receive cash rent of $90 per tillable acre for the 2002 crop year.  Possession shall be on settlement, subject to Tenant’s rights, which shall terminate at the end of the 2002 crop year.  Sellers shall pay real estate taxes due Fall of 2002 and Spring of 2003 pro-rated to the day of closing.  Announcements made the day of the sale shall supercede any previous information.  Hoover Real Estate Co., its affiliated licensees, and the Auctioneer represent the Owners exclusively in this real estate auction.

OWNERS: LEON & RUBY HAAHR


       CLIFF  HOOVER, BROKER – MEL HENNING, AGENT –  CLINTON JONES, AUCTIONEER
for information
call.....712-262-9555  or e-mail..... hooverre@ncn.net
 

DISCLAIMER:  All information has been taken from sources deemed to be reliable; however, no guaranty of its accuracy is made or implied by Owner(s), Broker or Auctioneer.  Buyer(s) are advised to make their own inspections and do independent research on the properties.