Mid Iowa Real Estate, Auctions & Appraisals - Live and Online Auctions

DESCRIPTION: 153 acres m/l to be offered at auction on Friday, May 3rd, 2024, at 10:00 A.M. This property consists of 153 acres m/l, of which there are approximately 149 taxable acres and 142.16 cropland acres m/l. This tract has an average CSR2 of 71.1, with the Mitchell County average CSR2 being 80.9. DIRECTIONS: From Riceville, Iowa, go west on State Highway #9 to Timber Avenue, then north on Timber Avenue to 440th Street. The subject property is located in the northeast corner of the intersection of Timber Avenue and 440th Street. Please watch for real estate signs. LEGAL DESCRIPTION: (153 Acres M/L) Southwest Quarter (SW1/4) of Section Eight (8), Township Ninety-nine (99), Range Fifteen (15), West of the 5th P.M., Mitchell County, Iowa, Except beginning at the SW corner of the SW1/4 SW1/4, thence East 600' along the south line of said SW1/4 to the point of beginning, then North 615', East 500', South 615', West 500' to the point of beginning. Please refer to the abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 142.16 acres Corn Base: 67.97 acres PLC Yield: 173 bu. Bean Base: 59.43 acres PLC Yield: 53 bu. This property currently has 12.30 acres in CRP along the waterway running north to the south. One CRP contract is for 11.70 acres bid in at $287.18/acre or $3360/yr until 2032. The second CRP contract is for 6/10 acre bid in at $203.67/acre or $122/yr until 2026. The CRP payment due on 10-1-2024 will be paid 100% to the seller. This farm is classified as Highly Erodible Land. This property contains a Wetland or Farmed Wetland. FARM LEASE: The subject property is rented for the 2024 crop year, with current lease to be assigned to buyer at closing. One-Half of the total cash rent due for 2024 will be paid to the buyer at closing. Contact the auctioneer for details. The lease for 2025 has been terminated. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. PROPERTY TAXES: $4,200/year (Est). Property taxes will be prorated to date of closing.

DESCRIPTION: 115 acres m/l to be offered at auction on Friday, June 14th, 2024, at 10:00 A.M. This property consists of 115 acres m/l, of which there are approximately 111.71 taxable acres and 110.6 cropland acres m/l. This tract has an average CSR2 of 86, with the Franklin County average CSR2 being 79.4. DIRECTIONS: From Coulter, Iowa, go south on County Blacktop S-25 to 130th Street, then east on 130th Street 1/4 mile. The subject property is located on the south side of 130th Street and west of Heather Avenue. Please watch for real estate signs. LEGAL DESCRIPTION: (115 Acres M/L) East One-Half of the Northeast Quarter (E1/2 NE1/4), Except Parcel C; Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), Except Parcel C, all in Section Seven (7), Township Ninety-one (91) North, Range Twenty-one (21), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for the exact legal description. FARM PROGRAM INFORMATION: Cropland: 110.6 acres Corn Base: 64.16 acres PLC Yield: 166 bu. Bean Base: 40.24 acres PLC Yield: 46 bu. This property does have 6.2 acres of CRP bid in at $229.48/acre or $1733/yr until 2026. This farm is classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time. FARM LEASE: The subject property is rented for the 2024 crop year, with the owners retaining 100% of the crop income for 2024. Contact the auctioneer for details. The lease for 2025 has been terminated. IMPROVEMENTS: Improvements are field drainage tile and perimeter fence. WIND EASEMENT: There is a Wind Easement on this property. Contact agents for details.