HOOVER REAL ESTATE CO.
9:30 A.M. Monday, July 18th, 2005
78 Acres more or less - Offered in 2 Tracts
FARM/SALE LOCATION:
North of
Spencer at the Junction of Highway 71 & 18 (North Y) 1-1/2 miles east on County
Road B19 (320th Street)
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TRACT #1: TILLABLE LAND
Legal:
50.422 Total Gross Surveyed Acres - A parcel of land (49.856 acres) in the
Southeast Quarter (SE1/4) of Section 29 AND A parcel of land (.566 acres) in the
Northeast Quarter (NE1/4) of Section 32 all in
Township 97 North, Range 36 West of the 5th
P.M.,
Estimated
Annual Taxes: $651.00
Estimated FSA
Data: 48 Tillable acres Corn Base - 25.3 acres Direct/CC Corn Yield - 121 Bu.
Soybean Base - 22.7 acres Direct/CC Soybean Yield - 41 Bu.
Soils: Fostoria, Everly, Ransom,
Ocheyedan, Calco & Dickinson Estimated Average CSR -
65.0
Terms: Buyer to receive cash rent on closing in the amount of $4,800 (48
tillable acres x $100/acre) for the 2005 crop year. Possession of the
tillable land shall be on closing, subject to Tenant's rights, which shall
terminate at the end of the 2005 crop year on February 28th, 2006. **Buyer
will be responsible to obtain field entrance into this tract.
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TRACT #2: PASTURELAND & POTENTIAL BUILDING SITE
Legal:
27.588 Total Gross Surveyed Acres - A parcel of land (23.328 acres) in the
Southeast Quarter (SE1/4) of Section 29 AND A parcel of land (4.260 acres) in
the Northeast Quarter (NE1/4) of Section 32 all in
Township 97 North, Range 36 West of the 5th
P.M.,
Estimated
Annual Taxes: $271.00
Soils:
Calco, Spillville, Everly & Clarion Estimated Average CSR -
51.9
Terms: Buyer to receive cash rent on closing in the amount of $965.58
(27.588 gross acres x $35/acre). Buyer shall take immediate possession of
the pastureland subject to the current Tenant's rights. **If Buyer is
purchasing this tract for a potential building site, Buyer will need to contact
Frank Rouse, Clay County Engineer for zoning regulations.
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COMMENTS:
This could be your opportunity to buy 50 acres of
farmland with good productive clay-based soils at a price that will show a good
return on your investment or a solid add-on unit to your exiting farm operation
OR need a pasture with a flowing creek located on a hard surfaced road...... DON'T MISS THIS SALE!
GENERAL TERMS:
Tract #1 to be sold
1st and Tract #2 to follow in that order. Bids
will be taken on a per acre price times the total gross surveyed acres of each
tract. 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
August 1st, 2005. 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 Fall 2005. Owner will collect rent
from current tenant and terminate the existing lease per Iowa law on or before
September 1st, 2005. Owner reserves the right to reject any or all bids on
day of sale. Owners shall furnish
the successful Buyer(s) Abstract showing good title. Buyer(s) shall be
responsible for obtaining a title opinion. Announcements made the day of the sale shall supercede any previous information.
Hoover Real Estate Co., its affiliated licensees and the Auctioneer
represent the Owner exclusively in this real estate auction.
OWNERS: Gene H. & Marita K.
Rouse
ATTORNEY: Christopher A. Bjornstad
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.