96.38 Acres M/L - Sells in
Three Tracts
Subject to court approval |
 |
| TRACT #1 - 66.59 Acres M/L |
FSA Information: 55.9 acres tillable
The following are combined with Tract #2:
110 bushel corn yield and 55.1 acre corn base.
36 bushel bean yield and 14.8 acre bean base.
Corn suitability rating is 71.2 [ Click Here ] for soil map
Located in Section 4, Trenton Township, Henry County, Iowa
[ Click Here ] for Tract #1 Survey
|
| TRACT#2 - 17.15 Acres M/L |
FSA Information: 14.39 acres tillable
The following are combined with Tract #1:
110 bushel corn yield and 55.1 acre corn base.
36 bushel bean yield and 14.8 acre bean base.
Corn suitability rating is 70.2 - [ Click Here ] for soil map
Located in Section 4, Trenton Township, Henry County, Iowa
[ Click Here ] for Tract #2 Survey
|
| TRACT #3 - 12.64 Acres M/L |
All timber ground with potential building site! This tract has frontage
on Merrimac Road and Clayton Avenue. It features timber and draws offering
perfect cover for wildlife! Make this your recreational piece in the country.
[ Click Here ] for Tract #3 Survey
|
TERMS: 20%
down payment on February 21, 2012. Balance to be paid on or before March
21, 2012 upon delivery of merchantable abstract and deed.
POSSESSION: March 21, 2012 (Subject to tenant's lease on Tract #1 &
#2. Buyer will receive entire 2012 cash rent.)
REAL ESTATE TAXES: Seller will be responsible for all real estate
taxes through December 31, 2011. Buyer will be responsible for all real
estate taxes thereafter.
The following taxes are approximate and will be
used to prorate at closing.
| Tract #1: |
Tract #2 |
Tract #3 |
| Gross: |
$1,048.36 |
Gross: |
$249.81 |
Land is in Forest Reserve, therefore there are no taxes on this property. |
| Homestead: |
$30.07 |
Ag Cr: |
$7.17 |
|
|
| Net: |
$1,018.00 (Rounded) |
Net: |
$242.00 (Rounded) |
|
|
Special Provisions:
~ The tillable land is rented
for the 2012 crop year.
~ The lease is based on 70 acres x $175/ acre = $12,250 and will be split
as follows: Tract #1 annual cash rent will be $9,742.14. Tract #2 annual
cash rent will be $2,507.86. The first half will be paid by the seller to
the new buyer at closing and the second half will be paid by the tenant
to the new buyer on September 1, 2012.
~ It will be the buyer(s) responsibility to serve termination to the tenant
prior to September 1, 2012 if so desired.
~ It shall be the obligation of the buyer to report to the Henry County
FSA office and show filed deed in order to receive the following if applicable:
A. Allotted base acres. B. Any future government programs.
~ The land has been surveyed by a registered land surveyor.
~ The buyer(s) shall be responsible for installing his/her own entrances
if needed or desired.
~ If one buyer purchases more than one tract the seller shall only be obligated
to furnish one abstract and deed. (husband & wife constitute one buyer)
~ The buyer shall be responsible for any fencing in accordance with Iowa
state law.
~ If in the future a site clean up is required it shall be at the expense
of the buyer.
~ This real estate is selling subject to any and all covenants, restrictions
and easements of record, as well as all applicable zoning laws.
~ The buyer acknowledges that they have carefully and thoroughly inspected
the real estate and are familiar with the premises. The buyer(s) are buying
this real estate in its "as is" condition and there are no expressed
or implied warranties pertaining to the same. |
Owner: Lula Davies Swanson Estate
Deana Dickerson & Nancy Wendt -
Co Executors
Pat Ford & Tim Grady - Attorneys |
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Tim Meyer ~ Missy Allen ~ Jason Denning
CLICK HERE FOR MORE AUCTIONS BY RICHARD
REALTY & AUCTION |
