Wright County, Iowa Land Auction

RENWICK, IOWA

Tracts #1 & 2 are located 4 ½ miles north of Renwick on Highway 17, then 5 miles east on 110^th Street, then ½ mile north on Franklin Ave.

Tract #3 & 4 are located 3 miles south of Renwick on Highway 17.

Auction to be held at the Renwick Community Center, 511 Main Street, Renwick, IA

336.8 Acres M/L – SELLS IN 4 TRACTS

Selling Free and Clear for the 2020 Farming Season!

84 CSR2!

SOLD ! !

Tract 1: $4,350 x 83.31 Acres

Tract 2: $2,375 x 95.71 Acres - N/S

Tract 3: $8,200 x 80 Acres

Tract 4: $3,000 – 78.8 Acres - N/S

Auctioneer’s Note:All tracts will be sold by the acre.  Tracts will be sold Choice with the Privilege, whereas the high bidder may choose Tract #1, Tract #2 or Tract #3, Tract #4 or any combination of tracts, in any order, times their high bid.  This will continue until all tracts are sold.  Tracts will not be recombined. 

Tract #1 – 83 Acres M/L – (Subject to final survey)
Approx. 79 acres tillable of which 34.39 acres in CRP, as follows:
6.80 acres at $308.40 = $2,097.00 and expires on 9-30-2024.
27.59 acres at $300.00 = $8,277.00 and expires on 9-30-2027.
Corn Suitability Rating 2 of 52.3 on the tillable.
Located in Section 2 of Boone Township, Wright County, Iowa.

Real Estate Taxes on Tract #1
Gross                          $1,461.25
Ag Land Cr.                 ($36.13)
Family Farm Cr.          ($25.22)
Net                              $1,401.00 approx.

Tract #2 – 95 Acres M/L – (Subject to final survey)
Approx. 58 acres tillable.  (Please note the updated tillable acres of approx. 58 acres, not 38 as stated on salebill)
Corn Suitability Rating 2 of 51.3 on the tillable. -< Click Here > for updated soil map of Tract #2
Located in Section 2 of Boone Township, Wright County, Iowa.

Real Estate Taxes on Tract #2
Gross                          $1,438.92
Ag Land Cr.                  ($36.08)
Family Farm Cr.           ($25.19)
Net                              $1,377.00 approx.

Tract #3 – 80 Acres M/L
FSA indicates: 74.5 acres tillable.
Corn Suitability Rating 2 of 84 on the entire tract.
This tract has been tiled.  Tile maps available online.
Located in Section 18, Liberty Township, Wright County, Iowa

Real Estate Taxes on Tract #3
Gross                          $2,409.08
Ag Land Cr.               ($103.72)
Net                              $2,306.00 rounded

Tract #4 – 78.8 Acres M/L
FSA indicates: 37.15 acres tillable of which 13.46 acres in CRP, as follows:
13.46 acres at $263.00 = $3,539.98 and expires on 9-30-2024.
Corn Suitability Rating 2 of 68.6 on the tillable.
This tract has been tiled.  Tile maps available online.
Located in Section 18, Liberty Township, Wright County, Iowa
Please note: Seller states an additional 2.5 acres(approx.), where planted not reflected on the FSA map.

Real Estate Taxes on Tract #4
Gross                          $1,394.74
Ag Land Cr.                   ($60.04)
Family Farm Cr.            ($41.94)
Net                              $1,294.00 rounded

TERMS ON ALL TRACTS
Terms:10% down payment on November 25, 2019.  Balance due at closing with a projected date of January 9, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of January 9, 2020.
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.

Special Provisions:

• The all tracts are selling free and clear for the 2020 farming season.
• It shall be the obligation of the buyer(s) to report to the appropriate 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.  C. CRP prorate. Please note that the final tillable acres and CRP acres will be determined by the FSA office.
• Buyer(s) agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agree to indemnify and hold harmless the sellers for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller for any prorate of the CRP payment that the seller would have received.
• Tracts #1 & 2 will be surveyed by a licensed surveyor and surveyed acres will be the multiplier for said tracts.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.  Seller shall not be obligated to furnish a survey on Tracts #3 & 4..
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• 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(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• 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 real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Owners: Paul & Kim Kraft
Lynn Collins Seaba – Attorney for Seller

For real estate details contact manager, Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528.

Downloads:
FSA Information & Maps
Tract 1 Tillable Soil Map
Tract 3 Soil Map
Tract 4 Tillable Soil Map
Tile Map
Update - Tract 2 Soil Map - Tillable