HOOVER REAL ESTATE CO.
9:30 A.M. Friday, August 30th, 2002
157 Acres more or less
LOCATED:
At the
farm site northeast of Emmetsburg, IA. From the curve on Hwy. 18 north of
Cylinder, IA 4 miles north on N-60 and 2 miles east on 330th Street to southwest
corner of the property.
LEGAL: The
Southwest Quarter (SW1/4) (less a building site) of
Section 34, Township 97 North, Range 31 West of the 5th
P.M.,
TAXES:
Net annual taxes payable 2001 & 2002 -
$2,716
FSA DATA:
152 Tillable acres Corn Base - 75.3 acres Corn Yield – 122 Bu.
SOILS: Clarion, Nicollet, Canisteo and Webster
Average CSR - 73.4
COMMENTS:
This is a chance to purchase a top-notch farm in a community that has a very low
turn over of farmland ownership. The farm is level to very gently rolling with
excellent soils. For the farmer who wants to expand, the owner is offering
additional 233 acres more or less to rent located only 3-1/2 miles from the farm
being sold.
THIS IS A
RARE OPPORTUNITY!! DON’T MISS THIS AUCTION…..
LEASE OPTION:
Successful bidder will have the option to rent an additional 233 acres more or
less in Section 14 of Independence Township on a 3 year cash rent lease at
$135/tillable acre.
Legal: Northwest Quarter (NW1/4) (less building site) and the North Half of the
Southwest Quarter (S1/2SW1/4) of Section 14, Township 97 North, Range 31 West of
the 5th P.M., Palo Alto County, Iowa
FSA Data: 227.4 Tillable acres Corn Base – 113.3 acres Corn Yield – 123
Bu.
TERMS:
10% down the day
of the auction. Buyer(s) shall sign a real estate contract requiring the
balance to be paid on September 30, 2002. The Buyer(s) will be credited
toward purchase price at closing 5 month rent in the amount of $7,917.00.
Possession shall be on settlement, subject to Tenant’s rights, which shall
terminate at the end of the 2002 crop year. Seller shall pay real estate
taxes pro-rated to closing date. If the successful bidder opts to rent the
additional 233 acres more or less of land they will pay 10% of the total lease
amount on the day of the sale and sign a 3 year written lease with the remaining
balance of the rent due on or before March 1st of each year. 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: LINDA M. HAMILTON
CLIFF
HOOVER, BROKER – CLINTON JONES, AUCTIONEER
for
information
call.....712-262-9555
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.