HOOVER REAL ESTATE CO.
RECREATION & FARMLAND AUCTION
9:30 A.M. Tuesday, June 24th, 2003
160 Acres more or less - Offered in 2 Tracts
LOCATED:
Sale to be held at the farm
site - 4-1/2 miles east of Sutherland, IA at the intersection of 470th Street &
Yulan Avenue.
-------------------------------------
TRACT #1:
Legal: 105.74 gross acres - S1/2 of the SW1/4 of Section 7, T-94-N, R-38-W of
the 5th P.M., Clay Co., IA AND a tract of land in the SE1/4 of the SE1/4 of
Section 12, T-94-N, R-39-W of the 5th P.M., O'Brien Co., IA
(exact legal description to be taken from survey)
Annual taxes to be established from survey & announced on the day of auction.
Estimated FSA Data: 38.5 Tillable acres Corn Base - 25.7
acres Corn Yield - 122 Bu.
Bean Base - 12.8 acres Bean Yield - 41 Bu.
Timber/Pasture - 67.24 acres
Soils: Galva Average CSR - 74
Comments: Don't miss this opportunity to acquire your own personal hunting
retreat. This is a great opportunity to own a combination parcel of
land, prime tillable farmland & timbered pastureland offering the sportsman his
own private wildlife sanctuary. Great whitetail deer along with turkey,
pheasants & all other species common in Northwest Iowa. Beautiful secluded
oak timber with many great views.
-------------------------------------
TRACT #2:
Legal: 59.52 gross acres - SW1/4 of the SE1/4 AND a tract of land in the SE1/4
of the SE1/4 all in Section 12, T-94-N, R-39-W of the 5th
P.M., O'Brien Co., IA less a 20 ft. easement across the north boundary line to
allow access to Tract #1
(exact legal description to be taken from survey)
Annual taxes to be established from survey & announced on the day of auction.
Estimated FSA Data: 56.14 Tillable acres Corn Base - 37.8
acres Corn Yield - 122 Bu.
Bean Base - 18.3 acres Bean Yield - 41 Bu.
Soils: Primghar, Marcus, Galva and Sac Average CSR - 75
Comments: This small prime tract of farmland has Northwest Iowa's most
desired soil types. Great investment unit or an excellent opportunity to
add very productive farmland to your existing operation. If you like
prime flat black farmland don't miss this sale.
-------------------------------------
METHOD OF AUCTION: 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
gross surveyed acres of each tract. Each sale is final.
TERMS:
10% down the day
of the auction. Buyer(s) shall sign a real estate contract requiring the
balance to be paid by certified funds payable to Hoover Real Estate Trust
Account on November 3, 2003. Owners shall pay real estate taxes due Fall
2003 & Spring/Fall 2004. Buyer(s) shall take immediate possession of the
timber/pasture land and possession of the tillable land shall be on closing,
subject to Tenant's rights, which shall terminate at the end of the 2003 crop
year on February 28, 2004. Buyer(s) shall have the right to enter the
property after the fall harvest for the purpose of fall tillage. 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: RICHARD W. & MARY A.
O'BRYAN &
JOSEPH
J. & JUDY E. SWEENEY
Attorney: William K. Klinker
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, Broker or
Auctioneer. Buyer(s) are advised to
make their own inspections and do independent research on the properties.