Property Detail

Land Auction 4/8/21 - 498 Acres M/L

Status: Sold
Acres: 498 +/-
Type: Farms
Address: Harrison and Swea Townships
City, State: Swea City, Iowa
County: Kossuth
ZIP Code: 50590
Lat/Long: 43.3855718, -94.2538452
Presented By: Central States Real Estate

Description

Central States Agency is proud to offer 498 acres m/l of prime Kossuth County farmland in three individual tracts by public and online auction. Tracts range in size, allowing you as the buyer to purchase the optimum amount of land to suit your operation or investment needs.

Tracts to be Sold:

Tract 1: 73.31 Acres M/L- Section 14, Harrison Township, Kossuth County, Iowa
Tract 2: 227 Acres M/L-Section 29, Harrison Township, Kossuth County, Iowa
Tract 3: 197.72 Acres M/L-Section 1, Swea Township, Kossuth County, Iowa

Broker's Note: Subject to current cash rent lease. Buyers will be credited 2021 cash rent at closing.


Tract 1 Information
Legal Description: E1/2 NE1/4 Section 14 T99N-R29 W of the 5th PM, Kossuth County, Iowa. Excluding surveyed tract. Recorded in book 8, page 60.

Acres:

Gross: 73.31 M/L, surveyed

Tillable: 70.95 M/L

FSA Information:

 

Base

Yield

Corn

35.90 acres

172 bushels (PLC)

Soybeans

30.70 acres

50 bushels (PLC

Soil Types: Nicollet, Canisteo, Okoboji
CSR2: 77.95

Real Estate Taxes: $1,564; taxes will be prorated to January 1, 2021

SOLD AT AUCTION: $13,100/acre


Tract 2 Information

Legal Description: NE1/4 and the SE1/4 lying North of drainage ditch. Section 29 T99N-R29W of the 5th PM. Kossuth County, Iowa, described as Commencing at the NW cor. Of said NE1/4, thence E along the N line of said NE1/4, 607.35 feet to POB, thence S 293 feet; thence E 245; thence along said N 1 245 feet to the POB.

Acres:

Gross: 227 M/L

Tillable: 213.81 M/L


CRP: 5 acres

Annual payment =$1,598; $319.20/acre

Expires: 9/30/2023

FSA Information:

Base

Yield

Corn

122.30 acres

172 bushels (PLC)

Soybeans

78.90 acres

50 bushels (PLC

Soil Types: Canisteo, Nicollet, Clarion, Okoboji, Harps

CSR2: 82.18

Real Estate Taxes: $5,050; taxes will be prorated to January 1, 2021

SOLD AT AUCTION: $14,000/acre


Tract 3 Information

Legal Description: NW1/4 Section 1-T99N- R30W of the 5th PM. Kossuth County, Iowa

Acres:

Gross: 197.72 M/L

Tillable: 187.08 M/L

Site Acres: 4.20


FSA Information:

Base

Yield

Corn

104.90 acres

162 bushels (PLC)

Soybeans

79.10 acres

50 bushels (PLC

Soil Types: Canisteo, Nicollet, Clarion

CSR2: 74.33

Real Estate Taxes: $4,044; taxes will be prorated to January 1, 2021

SOLD AT AUCTION: $13,100/acre


Broker's Note: Subject to current cash rent lease. Buyers will be credited 2021 cash rent at closing.

Seller: Kathryn J. Langerman Survivor's Trust

Listing Agent: Central States Agency, LLC and their representatives are acting as agents of the seller

Auctioneer: Clark Auction Services

Attorney: Mike Gabor / Buchanan, Bibler, Gabor & Meis

Taxes: Real estate taxes will be prorated to January 1, 2021

Method of Sale:

  • Three individual tracts offered
  • Buyer's Choice: Successful bidder will have the choice of one or any combination of Tracts 1, 2 and 3.
  • 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 on or before May 15, 2021 or after any objections to title have been cleared. Final settlement will require certified check or wire transfer. Possession will be given at settlement. 

Online Bidding:

The online portion of this auction begins on Thursday, April 8, 2021, at 10:00 AM. Bidding closes on Thursday, April 8, 2021, at the close of the live auction.

To register and bid online this auction: https://centralstatesagency.nextlot.com/public/

Interactive Map


Contact Broker

Central States Real Estate

Email: realestate@centralstatesagency.com

Phone: (641) 562-2353

Contact Agent