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Locally Known as the "Creelman Research Farm"
Auction Location: Auction to be held at the Mediapolis City Hall, 501 Main Street, Mediapolis, Iowa.
Farm is located 6 miles east of Mediapolis on Mediapolis Road/H38, then 1 mile south on Highway 99. Farm is located at the intersection of Highway 99 & 225th Street.
Investment Quality Farmland!
117.79 Acres M/L - Selling in 3 Tracts with CSR2 of 76.
Located in Sections 25 & 30 of Huron Township, Des Moines County, Iowa
SOLD ! !
Tract #1 - $7,900 x 38.05 Acres
Tract #2 - $7,975 x 39.74 Acres
Tract #3 - $6,200 x 40 Acres
High bidder may take Tract #1, Tract #2 or Tract #3 or any combination of tracts.
TRACT #1 – 38.05 Acres M/L
FSA indicates: 34.07 NHEL acres tillable
Corn Suitability Rating 2 of 76 (CSR1 of 76) on the entire tract.
Located in Section 25, Huron Township, Des Moines County, Iowa.
TRACT #2 – 39.74 Acres M/L
FSA indicates: 41.41 NHEL acres tillable.
Corn Suitability Rating 2 of 70.6 (CSR1 of 74.6) on the entire tract.
Located in Section 25, Huron Township, Des Moines County, Iowa.
TRACT #3 – 40 Acres M/L
FSA indicates: 38.78 NHEL acres tillable.
Corn Suitability Rating 2 of 53.4 (CSR1 of 60.5) on the entire tract.
Located in Section 30, Huron Township, Des Moines County, Iowa.
Terms: 20% down payment on September 18, 2014. Balance at closing with projected date of October 17, 2014 upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of October 17, 2014 (Subject to tenant’s rights)
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.
The following taxes are approximate and will be used to prorate at closing.
Tract #1
Gross $1,122.72
Ag. Credit ($43.52)
Net $1,080.00 (Rounded)
Levee/Drainage tax of $606 (Rounded)
Tract #2
Gross $840.53
Ag. Credit ($32.58)
Net $808.00 (Rounded)
Levee/Drainage tax of $1,008 (Rounded)
Tract #3
Gross $972.62
Ag. Credit ($37.70)
Net $934.00 (Rounded)
Levee/Drainage tax of $1,066.22 (Rounded)
Any announcements made the day of sale take precedence over advertising.
Special Provisions:
• Current tenant has been given notice and all farms are being sold free and clear for the 2015 farming season. Farms are being sold subject to current tenants’ rights. Possession given on March 1, 2015. Fall tillage rights shall be granted.
• It shall be the obligation of the buyer(s) to report to the Des Moines County FSA office and show filed deed(s) in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• The buyer(s) 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(s).
• The seller shall not be obligated to furnish a survey.
• 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)
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge 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.
• Any announcements made on the day of the auction will take precedence over prior advertising and printed matter.
Ray L. Creelman Trust, Owners
Wm. Scott Power – Attorney for Trustees
For information contact Tim Meyer at
Steffes Group 319.385.2000
Downloads:
Tract 1 - Soil Map
Tract 2 - Soil Map
Tract 3 - Soil Map
Aerial Map
Day of Auction Contract - Tract 1
Day of Auction Contract - Tract 2
Creelman Contract - Tract 3.pdf
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