Lot # : 1 - Parcel 1

Live Webcast Auction
Click Main Image For Fullscreen Mode
Price Realized:
1,583,400.00 USD / Lot
10,000.00 USD / ea
Shipping Not Available
Quantity Sold x158.34
Price Realized 1,583,400.00 USD / Lot
10,000.00 USD / ea
Date Sold 2022-08-23T00:00:00
Holstein, IA 51025
Date(s)
8/23/2022
AUCTIONEER INFORMATION
Catalog
View Full Catalog
Bidding Notice:

Online bidding is available at www.mcguireauction.com. Must be registered by 3 p.m. on August 16th, 2022 to bid online.

Information
Lot # 1
Quantity x158.34
Group - Category Real Estate - Ag / Farm Land
Lead Parcel 1
Description
Legal Description - Parcel 1 – The Northwest Quarter (NW1/4) minus the 4.66 acre building site and including an approximate 2 additional acres along the south boundary of the West Half of the Northeast Quarter (W1/2NE1/4) thus containing approximately 158.34, all in Section 35, Township Eighty-Eight North (Battle), Range Forty-one West (R41W) of the 5th P.M., Ida County, Iowa and subject to a survey by a licensed Iowa surveyor. General Description Parcel 1: This gently rolling farm lies 1 mile west of hard surfaced road L67 giving it quick easy access to the Arthur and Galva ethanol plants. There has been cattle manure applied to this unit for the past 2 years and good farming practices performed.
Name The Hammer Farms Public Auction
Auctioneer
McGuire Auction Co., Inc.
Type Live Webcast Auction
Date(s) 8/23/2022
Auction Date/Time Info
Live/Simulcast bidding will open at 10:30am on August 23,2022.
Preview Date/Time Farms are located from the corner of Hwy. 20 & County Rd. L 67 go 5 miles south on L67 and 1/4 mile west. Actual auction will be held at at the Cobblestone Inn and Suites Conference room located at 2011 Indorf Avenue, Holstein, IA 51025.
Checkout Date/Time Terms on both parcels: Purchaser will be expected to pay 10% of the gross sale price on date of sale and sign a real estate contract agreeing to pay the balance in full as of Jan. 10, 2023, at which time full title will be passed to buyers. Full possession will be given on 3/1/2023. Wire transfer information will be emailed to any simulcast winners.
Location
Cobblestone Inn and Suites Conference room located at 2011 Indorf Avenue
Holstein, IA 51025
Buyer Premium 0% BP
Description
Farms are located from the corner of Hwy. 20 & County Rd. L 67 go 5 miles south on L67 and 1/4 mile west. Actual auction will be held at at the Cobblestone Inn and Suites Conference room located at 2011 Indorf Avenue, Holstein, IA 51025. See descriptions below for the location of each parcel. Watch for arrows and signs the day of the auction. Method of Sale: Parcel(s) will be offered as follows: High bidder the first round can take Parcel 1 or Parcel 2 OR they may take both parcels times the bid. If high bidder takes BOTH parcels, the sale is ended. If high bidder takes Parcel 1, then Parcel 2 will be offered.If high bidder takes Parcel 2, then Parcel 1 will be offered. Parcels 1 & 2 will NOT be re-offered as one unit. Legal Description - Parcel 1 – The Northwest Quarter (NW1/4) minus the 4.66 acre building site and including an approximate 2 additional acres along the south boundary of the West Half of the Northeast Quarter (W1/2NE1/4) thus containing approximately 158.34, all in Section 35, Township Eighty-Eight North (Battle), Range Forty-one West (R41W) of the 5th P.M., Ida County, Iowa and subject to a survey by a licensed Iowa surveyor. General Description Parcel 1: This gently rolling farm lies 1 mile west of hard surfaced road L67 giving it quick easy access to the Arthur and Galva ethanol plants. There has been cattle manure applied to this unit for the past 2 years and good farming practices performed. Parcel 2 - The West Half of the Northeast Quarter (W1/2NE1/4) of Section 35, Township Eighty-Eight North (T88N - Battle), Range Forty-one West (R41W) of the 5th P.M., Ida County, Iowa and thus containing approximately 78 acres m/l and subject to a survey by a licensed Iowa surveyor. General Description Parcel 2: This inside parcel lies on the east boundary of Parcel 1 giving it similar easy access to markets. It has loads of potential to be converted to all tillable or the cow/calf operator may choose to leave it half tillable and half in grass as it is today. There is a good supply of fresh water on the south boundary.
Terms on both parcels: Purchaser will be expected to pay 10% of the gross sale price on date of sale and sign a real estate contract agreeing to pay the balance in full as of Jan. 10, 2023, at which time full title will be passed to buyers. Full possession will be given on 3/1/2023. Sellers will pay the installment of taxes becoming delinquent 10/1/23 based on current taxes and all prior taxes. There are no contingencies of any kind. All bidders are expected to have adequate financing in place prior to bidding. Sale is subject to the approval of the owners at the auction. All announcements made the day of the sale supersede anything printed herein. PRST STD U.S. POSTAGE PAID PERMIT NO. 2 HOLSTEIN, IA POSTAL PATRON-ECRWSS Sale by order of The Rachel Hammer Trust b y M a r v e l J . H a m m e r, Tr u s t e e & T h e H e i r s o f E d w i n W . H a m m e r L a u r e l B o e r n e r - A t t o r n e y f o r t h e H a m m e r s McGuire Auction Co.,Inc. 523 S. Main St., Holstein, IA • 712-368-2635 •email at mcguireauction1@gmail * Marty Boyle - 712-210-3138 • Martha Boyle - 712-229-9164 www.mcguireauction.com “A Whole New Generation of Service!” ONLINE BIDDING WILL BE AVAILABLE - PLEASE REGISTER TO BID ONLINE BY AUGUST 22TH AT 5 P.M. WITH MACI. Call or email for maps and other farm information or check the website.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10,900.00 100.00 USD
10,900.01 - 14,950.00 50.00 USD
14,950.01 - 9,999,999.99 25.00 USD
Currency USD
Buyer Premium 0% BP
Payment Terms
Purchaser will be expected to pay 10% of the gross sale price on date of sale and sign a real estate contract agreeing to pay the balance in full as of December 9, 2022 , at which time full title will be passed to buyers. Full possession will be given on 3/1/2023. Wire transfer instructions will be sent via invoice if the winning bidder is bids online.
Click for Currency Express FinancingApply For Financing Click for Fr8Star Freight ShippingGet Shipping Quotes
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.