HOOVER REAL ESTATE CO.
Clay County
9:30 A.M. Tuesday, March 25th, 2003
166 Acres more or
less - Offered in 3 Tracts
LOCATED: Sale to be held at the farm site - Located 1-1/2 miles east of Dickens, IA on Hwy. 18
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Tract #1:
Legal: 45.56 gross acres - A parcel of land in the S1/2 of Section 16 located north of the railway in T-96-N, R-35-W of the 5th P.M., Clay Co., IA (exact legal to be taken from survey & Abstract of Title)
Estimated Annual Taxes: $586.00
Estimated FSA Data: 26.6 Tillable acres & 18.8 CRP acres @ $157/acre expire 9/30/2016
Corn Base - 18.8 Corn Yield - 115 Bu.
Bean Base - 6.1 Bean Yield - 34 Bu.
Soils: Glencoe, Guckeen, Marna & Talcot NRCS Estimated
CSR: 55.02
Comments: Small tract of land with an excellent return from CRP contract.
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Tract #2:
Legal: 97.016 gross acres - A parcel of land in the S1/2 of Section 16 located south of the railway in T-96-N, R-35-W of the 5th P.M., Clay Co., IA (exact legal to be taken from survey & Abstract of Title)
Estimated Annual Taxes: $1,115.00
Estimated FSA Data: 91.4 Tillable acres & 7.4 CRP acres @ $157/acre expire 9/30/2016
Corn Base - 64.7 Corn Yield - 115 Bu. Bean Base - 21.1 Bean Yield - 34 Bu.
Soils: Marna, Talcot & Wadena NRCS Estimated CSR: 54.71
Comments: Tillable land includes 40 acres with excellent stand of alfalfa & orchard grass seeded 4-years ago.
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Tract #3:
Legal: 20.829 gross acres - A parcel of land in the S1/2 of Section 16 located on north side of Hwy. 18 in T-96-N, R-35-W of the 5th P.M., Clay Co., IA (exact legal to be taken from survey & Abstract of Title)
Estimated Annual Taxes: $112.00
Estimated FSA Data: 17.3 Tillable acres, currently in pasture.
Corn Base - 18.8 Corn Yield - 115 Bu.
Bean Base - 6.1 Bean Yield - 34 Bu.
Soils: Terril & Wadena NRCS Estimated CSR: 46.13
Comments: Pastureland located right on Hwy. 18. Good fences & a great view to the south to make a potential building site with access to rural water on the property. Zoning variance may be needed to build.
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METHOD OF AUCTION:
Tract #1 to be sold 1st and Tracts #2 & #3 to follow in that order. Each
sale is final.
COMMENTS:
This is an excellent opportunity to add farmland to your exiting operation or a
great investment opportunity. Investors: The long-term tenant is
interested in a cash-rent lease that will show a good investment return.
TERMS: 10% down the day of the auction. Buyer(s) shall sign a real estate contract requiring the balance to be paid on closing as soon as Sellers can provide marketable title. Possession shall be on settlement. Owner has signed the farm into the 2003 Farm Program and the Buyer(s) will receive all payments. The 2002-2003 CRP payment due in October will be pro-rated between Owner & Buyer(s) by the FSA based on the date the Warranty Deed is recorded. Owner shall pay real estate taxes due Spring & Fall of 2003. Announcements made the day of the sale supercede any previous information. Hoover Real Estate Co., its affiliated licensees, and the Auctioneer represent the Owners exclusively in the real estate auction.
OWNERS: LOUIS K. WOOD ESTATE
Attorney: Christopher A. Bjornstad
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.