LARGE IOWA LAND AUCTION
750 ACRES, M/L TILLABLE AND TIMBER LAND SELLING IN FOUR SEPARATE TRACTS

KEOSAUQUA AND DOUDS, IOWA
Tracts #1 and #2 located 5½ miles west of KEOSAUQUA, IA on J40 then 1½ miles north on Heather Road.
Tract #3 located 6 ½ miles west of Keosauqua on J40 then 2 miles north on Fir Avenue then ½ mile east on 197th Road.
Tract #4 located 1 mile south of DOUDS, IA on Washington Street to 150th Street then 2 miles west then ½ mile north on 145th Street.
Click Here For Map Location

SATURDAY, NOVEMBER 22, 2008 at 10:02 A.M.

UPDATE ! ! !
All FOUR tracts will be sold at Tract #1

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

 
Tract #1


Tract #2


Tract #3


Tract #4

 Pictures From All Tracts - All Tracts Have Ponds!!

This Auction Features The Virtual Tour
 

Click Here For Day of Auction Contracts
{
Tract #1 } { Tract #2 } { Tract #3 } { Tract #4 }

750 ACRES, M/L TILLABLE AND TIMBER LAND
SELLING IN FOUR SEPARATE TRACTS

 A major corridor for giant Iowa whitetails, long bearded toms, and minutes from cat fishing opportunities on the Des Moines River. This property has everything to offer for the serious sportsman!

 
Click Here For Plat Map of Farms

TRACT #1 - 180.25 ACRES, M/L TIMBER AND CRP LAND


Aerial Tract #1


Soil Map Tract #1


FSA Aerial Tract #1


* FSA indicates 97.5 acres tillable of which 93 acres is in the CRP program at $54.95 acres expiring in 2010. * Balance is timber and hunting land.
* 98 bushel corn yield with a 4.5 acre corn base.
* This tract features a pond.
* Sections 29 and 32, Van Buren W Twp., Van Buren County, IA.

Taxes: Gross: $673.92 Ag. Cr. $29.40 Net: $645.00

TRACT #2 - 224.35 ACRES, M/L TILLABLE AND TIMBER LAND


Aerial Tract #2


Soil Map Tract #2


FSA Aerial Tract #2


* FSA indicates: 115.6 acres tillable with balance being timber.
* 89 bushel corn yield with a 50.9 acre corn base.
* 23 bushel bean yield with a 17.1 acre bean base.
* 34 bushel wheat yield with a 24.1 acre wheat base.
* This tract features a pond & pole building.
* Sections 29 and 30, Van Buren W Twp., Van Buren County, IA.

Taxes: Gross: $1360.30 Ag. Cr. $57.41 Net: $1305.80

TRACT #3 - 184.5 ACRES, M/L TIMBER AND CRP LAND


Aerial Tract #3


Soil Map Tract #3


FSA Aerial Tract #3


* FSA indicates 64.6 acres tillable all of which is in the CRP program at $54.95 per acre expiring in 2010.
* Balance of land is timber & hunting land.
* This tract features a pond.
* Sections 18 & 19, Van Buren W. Twp., & Section 24, Chequest Twp., Van Buren County, IA.

Taxes: Gross: $819.76 Ag. Cr: $35.75 Net: $786.00

 TRACT #4 - 160 ACRES, M/L - TIMBER & TILLABLE LAND


Aerial Tract #4


Soil Map Tract #4


FSA Aerial Tract #4


* FSA indicates: 76.6 acres tillable.
* 88 bushel corn yield with a 44.2 acre corn base.
* 37 bushel bean yield with a 7.7 acre bean base.
* This tract features a pond.
* Section 28, Village Twp., Van Buren County, IA.

Taxes: Gross: $1407.10 Ag. Cr. $61.08 Net: $1346.00

*A portion of the land on all tracts is in the Forest Reserve Program.

TERMS: 20% down payment on November 22, 2008. Balance to be paid on or before December 22, 2008 upon delivery of merchantable abstract and deed.
POSSESSION:
Tracts #1 & #3 December 22, 2008. Tracts #2 & #4 December 22, 2008 subject to the lease with the tenant.
REAL ESTATE TAXES:
To be prorated to date of possession on the basis of the last available tax statement. All real estate taxes are approximate and will be used to prorate at closing.

Reservations: All growing crops.

SPECIAL PROVISIONS:
* This real estate is selling subject to public road easements and all other easements of record.
* Tract #2: Lease is based on 134.5 acres @ $55.00 per tillable acre payable November 15th of each year. Lease in affect
through 2014. Tenant has exclusive use of barn on this tract. There is an approximately 16.5 acre field in SW corner of farm.
If this field proves inaccessible for farm equipment the rent would be based on 118 acres.
* Tract #4: Lease is based on 78 acres @ $90.00 per tillable acre payable November 15th of each year. Lease is in affect
through 2014.
* Seller retains 2008 cash rent on Tracts #2 & #4.
* Buyers will have hunting rights upon closing.
* There is a gas pipeline on Tract #2.
* A portion of the land on Tract #1 is being surveyed. Once survey is completed, acres will be adjusted on both Tracts #1 & #2.
* If one buyer purchases more than one tract the sellers shall only be obligated to furnish one abstract and deed. Husband and wife constitute one buyer.
* The buyers shall be responsible for any desired fencing in accordance with Iowa state law.
* It shall be the obligation of the buyers to report to the Van Buren County FSA office and show filed deeds to receive:
A). Allotted base acres. B).Pro rata share of CRP on Tracts #1 and #3. C).Any future government programs.
* If in the future a site clean up is required it shall be at the expense of the buyers.
* The buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

MILDRED H. BENSMILLER ESTATE
Robert Bensmiller, Executor & Ann Dirksen Fahrer

Jeffrey D. Thomas of Bainter & Thomas Law Office - Attorney for Sellers

  
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Jim Huff ~ Jason Denning ~ Lee Pennebaker
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