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

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.