Description |
275 acres m/l to be offered in three individual tracts at auction on Friday, August 26th, 2022, at 10:00 A.M. Tract #1 consists of 120 acres m/l, of which there are 118.42 taxable acres m/l and 118.47 cropland acres m/l. Tract #2 consists of 120 acres m/l with 119 taxable acres m/l and 113.49 cropland acres m/l. Tract #3 consists of 35 acres m/l with 34.49 taxable acres m/l and 31.2 cropland acres m/l. Tract #1 has an average CSR2 of 83.6, Tract #2 has an average CSR2 of 74.2, and Tract #3 has an average CSR2 of 53.1, with the county average CSR2 being 67.8.
DIRECTIONS: Tract #1 From Lynnville, Iowa, go southwest on Terrace Avenue approximately 1/2 mile. Tracts #1 & #2 are located on the north and west side of Terrace Avenue, with Tract #3 being located on the south and east side of Terrace Avenue. Please watch for real estate signs.
TRACT #1
LEGAL DESCRIPTION: (120 Acres M/L) The NE1/4 SE1/4 Except Parcels A, C, & D north of Terrace Avenue; NW1/4 SE1/4 Except Parcel A & Part of Parcel B; NE1/4 SW1/4; S1/2 NW1/4 SW1/4; all in Section Ten (10), Township Seventy-eight (78) North, Range Seventeen (17), West of the 5th P.M., Jasper County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 118.47 acres
Corn Base: 72 acres PLC Yield: 175 bu.
Bean Base: 40 acres PLC Yield: 54 bu.
The north 62.60 acres m/l of this farm is classified as HEL, with the south 55.78 acres m/l as NHEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,456/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property has two older pole buildings, being sold “AS IS” with other improvements such as field drainage tile and perimeter fence.
TRACT #2
LEGAL DESCRIPTION: (120 Acres M/L) SW1/4 SE1/4; SE1/4 SW1/4; SW1/4 SW1/4, all in Section Ten (10), Township Seventy-eight (78) North, Range Seventeen (17), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 113.49 acres
Corn Base: 69 acres PLC Yield: 175 bu.
Bean Base: 44 acres PLC Yield: 54 bu.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $3,882/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
TRACT #3
LEGAL DESCRIPTION: (35 Acres M/L) NE1/4 SE1/4, Except Parcels A, C, & D south of Terrace Avenue; SE1/4 SE1/4, Except Parcels D, E, F, & G, all in Section Ten (10), Township Seventy-eight (78) North, Range Seventeen (17), West of the 5th P.M., Jasper County, Iowa. Please refer to the abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 31.20 acres
Corn Base: 19 acres PLC Yield: 175 bu.
Bean Base: 12 acres PLC Yield: 54 bu.
TRACTS #1, #2 & #3 FARM LEASE: Sellers are to retain all of the 2022 cash rent due for 2022. Contact the auctioneer for details. The lease for 2023 has been terminated.
This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $680/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
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