THREE IOWA FARM LAND AUCTIONS
~ 452 Acres M/L Corn & Soybean Land ~ 3 Auctions ~ 3 Locations ~

FAIRFIELD, IOWA & MT. PLEASANT, IOWA
Each Farm Sold Onsite

WEDNESDAY, OCTOBER 8, 2008

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

 
JEFFERSON COUNTY FARM #1 - 200 ACRES M/L
3 SEPARATE TRACTS SELLS AT
10:02 A.M.


HENRY COUNTY FARM #1 - 62.349 ACRES, M/L
1 TRACT SELLS AT
2:02 P.M.


 
HENRY COUNTY FARM #2 - 190 ACRES, M/L
3 SEPARATE TRACTS SELLS AT
4:02 P.M.

This Auction Features The Virtual Tour
Click On Link Below
 

Showing Of All The Real Estate On
Tuesday, September 23rd from 5:00 P.M. to 6:00 P.M.

~ 452 Acres M/L Corn & Soybean Land ~
~ 3 Auctions ~ 3 Locations ~ Each Farm Sold On Site
Complete Auction Brochure Coming Soon!

 FAIRFIELD, IOWA
JEFFERSON COUNTY FARM #1- 200 ACRES M/L
3 SEPARATE TRACTS SELLS AT
10:02 A.M.
Directions
: 5 ½ miles southeast of FAIRFIELD, IOWA on Glasgow Road.
Click Here For Map Location of Jefferson County Farms from Mapquest

TRACT #1- 40 ACRES, M/L CORN AND SOYBEAN LAND

 
Click Here For FSA Aerial


Click Here For Soil Map

~ Approximately 38 acres tillable. ~
~ Corn suitability rating 70.3 ~
~ Majority soil types are Haig and Grundy. ~
~ Section 14, Cedar Township, Jefferson County, Iowa. ~
~ Taxes- Gross: $771.00 Ag Cr.:$29.66 Net: $742.00 ~

NOTE: Tracts 1 & 2 are selling "choice with the privilege" whereas the high bidder may take one or both tracts.

TRACT #2 - 80 ACRES, M/L CORN AND SOYBEAN LAND

 
Click Here For FSA Aerial


Click Here For Soil Map

~ Approximately 77 acres tillable. ~
~ Corn suitability rating 68.3 ~
~ Majority soil types are Haig and Grundy. ~
~ Section 14, Cedar Township, Jefferson County, Iowa. ~
~ Taxes- Gross: $1564.04 Ag Cr: $60.22 Net: $1504.00 ~

NOTE: Tracts 1 & 2 are selling "choice with the privilege" whereas the high bidder may take one or both tracts.

 TRACT #3 - 80 ACRES, M/L CORN AND SOYBEAN LAND

 
Click Here For FSA Aerial


Click Here For Soil Map

~ FSA indicates 66.34 acres tillable. ~
~ Corn suitability rating 55.3 ~
~ Majority soil types are Grundy, Arispe and Rinda. ~
~ Section 13, Cedar Township, Jefferson County, Iowa. ~
~ Taxes- Gross: $1500.42 Ag Cr: $46.81 Net: $1452.00 ~

General information on Entire Jefferson County Farm:
123 bushel corn yield with a 96.3 acre corn base.
29 bushel bean yield with a 85.3 acre bean base.
 

MT. PLEASANT, IOWA
HENRY COUNTY FARM #1 - 62.349 ACRES, M/L
1 TRACT SELLS AT 2:02 P.M.
Directions
: Turn south on South Iris Street (East edge of Hwy. 34) & proceed south 1 1/2 miles on Lexington Ave.
Click Here For Map Location of Henry County Farm #1 from Mapquest

62.349 ACRES, M/L CORN & SOYBEAN LAND

 
Click Here For FSA Aerial


Click Here For Soil Map

~ FSA indicates 58.32 acres tillable. ~
~ 125 bushel corn yield with a 46.2 acre corn base. ~
~ 29 bushel bean yield with a 3.4 acre bean base. ~
~ 41 bushel wheat yield with a 4.6 acre wheat base. ~
~ Corn suitability rating 39.2. ~
~ Majority soil types are Pershing and Lindley-Keswick. ~
~ Section 23, Center Township, Henry County, Iowa ~
~ Taxes- Gross: $531.51 Ag Cr: $17.51 Net: $514.00 ~
 

MT. PLEASANT, IOWA
HENRY COUNTY FARM #2 - 190 ACRES, M/L
3 SEPARATE TRACTS SELLS AT 4:02 P.M.
Directions
: 2 1/2 miles east of MT. PLEASANT, IOWA on Winfield Avenue.
Click Here For Map Location of Henry County Farm #2 from Mapquest

TRACT #1 - 82.573 ACRES, M/L CORN AND SOYBEAN LAND

 
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Click Here For Soil Map

~ Approx. 78 acres tillable of which 9.4 acres is in the CRP program at $165.16/acre expires in 2013.
~ Corn suitability rating is 72.6
~ Majority soil types are Colo, Ladoga, Otley & Rinda.
~ 20'x40' utility building with 20'x30' addition. Well not being used.
~ Sections 5 and 6, New London Township, Henry County, Iowa.
~ Taxes- Gross: $1639.02 Ag Cr: $55.02 Net: $1584.00

 TRACT #2 - 105.597 ACRES, M/L CORN AND SOYBEAN LAND

 
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Click Here For Soil Map

~ Approx. 97.7 acres tillable of which 6.2 acres is in the CRP program at $165.16/acre expires in 2013. 0.4 of an acre in the CRP program at $167.00/acre expires in 2010.
~ Corn suitability rating 72.5
~ Majority soil types are Otley, Colo, Ladoga & Mahaska.
~ A perpetual easement is being established for the purpose of ingress and egress on the west side of the farm for the land lying south.
~ Section 6, New London Township, Henry County, Iowa.
~ Taxes- Gross: $2104.44 Ag Cr: $78.44 Net: $2026.00

 General Information on Entire Farm #2:
>125 bushel corn yield with a 103.4 acre corn base.
>33 bushel bean yield with a 50 acre bean base.
>41 bushel wheat yield with a 4.5 acre wheat base.

 TRACT #3 - BRICK HOME & OUTBUILDINGS
ON 1.83 ACRES, M/L (2290 220th Street)


~ Kitchen/dining area, laundry room, living room w/fireplace, two bedrooms & bathroom.
~ Full basement w/family room w/fireplace, bathroom, unfinished room used as kitchen & storage room.
~ Attached two car garage. ~ New roof in 2007.
~ All electric one story brick home built in 1967 has 1269 sq. ft. of living space.
~ Rathbun rural water. Septic tank. New London Electric. Mt. Pleasant School District.
~ Outbuildings: 50'x64' machine shed, 30'x48' metal storage building, detached 2 car garage & approx. 15,244 bushel bin storage.

Inclusions: Washer, dryer and dishwasher selling "as is". Taxes- Gross & Net: $1612.00
Reservations: All growing crops. Ja-Ru yard sign on Tract #3.

TERMS: 20% down payment on October 8, 2008. Balance to be paid on or before November 6, 2008.
Balance to be paid on Henry County Farm #2-Tract #1 and Tract #2 on or before January 6, 2009 upon delivery of merchantable abstracts and deeds.

POSSESSION:
>All Jefferson County Farms: November 6, 2008 subject to the lease with the tenant.
>Henry County Farm #1: November 6, 2008 subject to the lease with the tenant.
>Henry County Farm #2: Tract #1 & Tract #2 January 6, 2009.
>Tract #3 (acreage) November 6, 2008.

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Sellers shall pay any unpaid real estate taxes payable in prior years. *All real estate taxes are approximate and will be used to prorate at closing.

SPECIAL PROVISIONS:
- This real estate is selling subject to public road easements and all other easements of record.
- 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 of all tracts shall be responsible for any desired fencing in accordance with Iowa state law.
- The buyers of Henry County farm Tract #3 shall be responsible for all desired perimeter fencing.
- The sellers shall not be obligated to furnish any surveys.
- It shall be the obligation of the buyers to report to the Jefferson and Henry County FSA offices and show filed deeds in order to participate/receive any of the following: A. Any or all future government programs. B. Allotted share of bases. C. CRP prorating.
- 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.

OWNER: RUTH E. DUNN & JA-RU FARM, INC.
W. Kent Thomson of Thomson Law Office - Attorney for Seller

 
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Jim Huff ~ Jason Denning ~ Lee Pennebaker
CLICK HERE FOR MORE AUCTIONS BY RICHARD REALTY & AUCTION


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