Description

SOLD AT AUCTION 9/20/2022
$13,100 / acre - all three tracts.

VIRTUAL AND LIVE LAND AUCTION

Tuesday, September 20, 2022; 10:00 AM
LaRows Cafe, 401 3rd Street N, Swea City, IA 50590

To register and bid online this auction (please use Chrome NOT Internet Explorer): BID ONLINE

Highly Productive Kossuth County Farmland

TO BE SOLD BUYER'S CHOICE!

TRACT 1 INFORMATION:

Legal Description: The W1/2 NW1/4 excepting tract as described by warranty deed recorded in book 113 LP page 6 and the NW1/4 SW1/4 Section 29 T100N-R29W of the 5th PM, Kossuth County, IA.

Acres:
118 Gross Acres M/L
109.65 FSA Tillable Acres M/L

CSR2: 80.70

Major Soil Types: Canisteo, Clarion, Nicollet, Harps

No wetlands

Real Estate Taxes: $2,620; taxes will be prorated to January 1, 2023. 

Broker's Note: Sellers to retain 2022 cash rent.
Cash settlement to be made in two payments: 50% before year end and 50% in January 2023.

TRACT 2 INFORMATION:

Legal Description: The E1/2 NW1/4 Section 29 T100N-R29W of the 5th PM, Kossuth County, IA

Acres:
80 Gross Acres M/L
77.59 FSA Tillable Acres M/L

CSR2: 78.0

Major Soil Types: Canisteo, Clarion, Harps

No wetlands

Real Estate Taxes: $1,768; taxes will be prorated to January 1, 2023. 

Broker's Note: Sellers to retain 2022 cash rent.
Cash settlement to be made in two payments: 50% before year end and 50% in January 2023.

TRACT 3 INFORMATION:

Legal Description: The E1/2 SW1/4 Section 29 T100N-R29W of the 5th PM, Kossuth County, IA

Acres:
80 Gross Acres M/L
77.59 FSA Tillable Acres M/L

CSR2: 83.0

Major Soil Types: Canisteo, Clarion, Nicollet

No wetlands

Real Estate Taxes: $1,876; taxes will be prorated to January 1, 2023. 

Broker's Note: Sellers to retain 2022 cash rent.
Cash settlement to be made in two payments: 50% before year end and 50% in January 2023.

• To be sold as Buyer's Choice. The successful bidder will have the choice of one or any combination of tracts 1, 2 and/or3.
• To be sold at public and online auction.
• Seller reserves the right to refuse any and all bids.

TERMS OF POSSESSION:
10% down-payment required the day of sale. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Cash settlement to be made in two payments: 50% before year-end and remaining 50% in January 2023. Final settlement will require certified check or wire transfer. Possession will be given at settlement. Taxes will be prorated to January 1, 2023. Sellers to retain 2022 cash rent.

ONLINE BIDDING:
The online portion of this auction begins on Tuesday, September 6, 2022 at 10:00 AM. Bidding closes on Tuesday, September 20, 2022, at the close of the live auction.

To register and bid online this auction (please use Chrome NOT Internet Explorer):  BID ONLINE