HOOVER REAL ESTATE CO.
10:00 A.M. Monday, November 21st, 2005
160 Acres more or
less - Offered in 2 Tracts
FARM/SALE LOCATION:
West of
Spencer, IA at the Junction of B24 & M38 - 2-1/2 miles south
Address - 1945 365th Street, Spencer, IA
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TRACT #1 - 80 +/- ACRES “TILLABLE LAND & POTENTIAL BUILDING SITE”
LEGAL: North Half of the Northwest Quarter (N1/2NW1/4) of Section 22, Township 96 North, Range 37 West of the 5th P.M., Clay Co., IA (exact legal description to be taken from Abstract of Title)
TAXES:
Net Annual Taxes payable 2005/2006 - $642.00 Net Taxable Acres - 54.03
ESTIMATED FSA DATA:
55.41 Tillable acres Corn
Base-28.7 acres Direct/CC Corn Yield-109 Bu.
Bean Base-26.7 acres Direct/CC Bean Yield-31 Bu.
SOILS:
Wadena, Biscay, Cylinder, Everly & Spillville/Coland Average CSR - 55
COMMENTS: This
tract has a great potential building site with timber, open prairie & the
Ocheyedan River flowing through it. Fantastic location with lots of wildlife &
just 2 miles west of the new Menards. DON’T MISS THIS SALE!
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TRACT #2 - 80 +/- ACRES “TILLABLE LAND INCLUDING AN ACREAGE SITE WITH HOME"
LEGAL: South Half of the Northwest Quarter (S1/2NW1/4) of Section 22, Township 96 North, Range 37 West of the 5th P.M., Clay Co., IA (exact legal description to be taken from Abstract of Title)
TAXES:
Net Annual Taxes payable 2005/2006 - $1,478.00 Net Taxable Acres - 74.77
ESTIMATED FSA DATA:
70.09 Tillable acres Corn Base-36.2 acres Direct/CC Corn Yield-109 Bu.
Bean Base-33.8 acres Direct/CC Bean Yield-31 Bu.
SOILS:
Everly, Wilmonton, Afton & Wadena Average CSR - 70
COMMENTS:
This tract has above average farmland
for Clay County at a price that will show a good return on your investement.
Has a great view of the Ocheyedan River & with a scenic view of the City of
Spencer. Small acreage with house included in this tract could make a beautiful
building site.
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GENERAL TERMS: Tract #1 to be sold 1st and Tract #2 to follow. 10% down payment will be required the day of the auction & Buyer(s) shall sign a real estate contract requiring the balance to be paid by Certified Funds at closing on or before March 1, 2006. Bids are not contingent upon financing & Buyer(s) is required to arrange for any necessary financing prior to the auction. Owner shall pay real estate taxes due Spring & Fall 2006. Owner shall furnish the suc cessful Buyer(s) Abstract showing good title. Buyer(s) shall be responsible for obtaining a title opinion. Owner reserves the right to reject any or all bids on day of sale. Announcements made the day of the sale shall supercede any previous information. Hoover Real Estate Co., its affiliated licensees & the Auctioneer represent the Owner exclusively in this auction.
OWNERS:
William P. Olson Charitable Remainder Unitrust
William P. Olson, Trustee
ATTORNEY:
Bill Sackett of Sackett & Carlstrom Law Office, Milford, IA
CLIFF
HOOVER, BROKER
CLINTON JONES, AUCTIONEER
for
more information/brochure
call.....712-262-9555
or e-mail.....
DISCLAIMER: All
information has been taken from sources deemed to be reliable; however, no
guaranty of its accuracy is made or implied by Owner, Broker or
Auctioneer. Buyer(s) are advised to
make their own inspections and do independent research on the properties.