Boone County, IA Land For Sale / 105.33 +/- Acres
105.33 Acres
Iowa Farmland For Sale
Boone County
Dec. 19th, 2023 at 10 am
Whitaker Marketing Group is honored to present this 214.12 +/-acre tract of farmland for sale in Iowa.
This property has great investment potential. The property is composed of two tracts of land totaling 214.12+/- acres, more or less, in Sec. 7, 17, & 18, Twp. 85N, Rng. 26W .
Highlights:
- Investment Potential
- Good Laying Farmland
- Great Location
Directions to the Farm:
Tract 1: From Ridgeport head north on Nature Rd for 0.1 miles. Curve to the right and continue for 0.1 miles. The farm will be located on the North side of the road.
Tract 2: From Ridgeport head north on Nature Rd for 500 ft. The farm will be located on the East side of the road.
Location of Land:
Tract 1: Located 0.25 miles North of Ridgeport, Iowa
Tract 2: Located 0.05 miles East of Ridgeport, Iowa
Location of Auction: Central Iowa Expo 1827 217th Rd, Boone, IA 50036
Date of Auction: Tuesday, December 19, 2023, at 10:00 AM
Legal Description:
Tract 1: Sec 7-85N-26W Parcel ID (088526074200001, 088526074100002, 088526074300004, 088526074400002)
Tract 2: Sec 17-85N-26W & 18-85N-26W Parcel ID (088526172200001, 088526181100001, 088526181400001, 088526181400002, 088526181400003)
Selling Multiplier: 214.12+/- acres
Tract 1: 108.79+/- acres
Tract 2: 105.33+/- acres
Taxable Acres: 214.12+/-
Tract 1: 108.79+/- acres
Tract 2: 105.33+/- acres
Taxes: $6,808
Tract 1: $3,032 Estimated
Tract 2: $3,776 Estimated
Tillable Acres: 173.21+/- acres (Surety Maps)
Tract 1: 71.09+/- acres
Tract 2: 102.12+/- acres
CSR2: 74.75 (Average) Tillable
Tract 1: 67 CSR2 Tillable
Tract 2: 82.5 CSR2 Tillable
Zoning: A-1 Ag
Farm Tenancy:
Tract 1: The farm is currently rented for 2024. Buyer will receive $19,107.50 ($9,553.00 as a credit at closing from the seller and $9554.50 to be paid on 12/01/2024 by tenant)
Tract 2: The farm is currently rented for 2024. Buyer will receive $27,447.25 ($13,723.00 as a credit at closing and $13,724.25 to be paid on 12/01/2024 by tenant)
CRP Information:
*Found in the documents tab
Tract 1 Total CRP Acres Remaining Under Contract: 31.49 -Total $6995 Annually
*Buyer will receive the Landowner's share of the CRP payment for 2024 @ $3,498. Full payments for subsequent years will go to the buyer.
Contract # | Acres | $/ AC | Annual Payment | Start date | End Date | Years left |
11492 | 25.65 | $226.03 | $5,798 | 10/01/2017 | 9/30/2027 |
4 |
11664 | 5.84 | $205 | $1,197 | 04/01/2020 | 9/30/2030 |
7 |
FSA Information (156 Farm Record):
*Found in the documents tab
Description: Sec 7-85N-26W (Tract 1), Sec 17-85N-26W & 18-85N-26W (Tract 2)
FSA Number: # 312 (Tract 1 & Tract 2)
FSA Tract Number: # 1623 (Tract 1 & Tract 2)
FSA Farmland Acres: 215.97 +/- (Tract 1 & Tract 2);
FSA Cropland Acres: 200.78 +/- (Tract 1 & Tract 2)
HEL & WETLANDS: HEL (Tract 1 & Tract 2)
Total Base Acres: 169.28 (Tract 1 & Tract 2)
Corn Base: 102.10 (Tract 1 & Tract 2)
PLC Yield: 148 (Tract 1 & Tract 2)
Bean Base: 67.18 (Tract 1 & Tract 2)
PLC Yield: 40 (Tract 1 & Tract 2)
Farm Yields Tract 1:
Corn | Beans | |
2013 | 159 bu/acre | |
2014 | 40 bu/acre | |
2015 | 194 bu/acre | |
2016 | 50 bu/acre | |
2017 | 177 bu/acre | |
2018 | 52 bu/acre | |
2019 | 197 bu/acre | |
2020 | 50 bu/acre | |
2021 | 215 bu/acre | |
2022 | 54 bu/acre |
Farm Yields Tract 2:
Corn | Beans | |
2013 | 37 bu/acre | |
2014 | 177 bu/acre | |
2015 | 51 bu/acre | |
2016 | 194 bu/acre | |
2017 | 50 bu/acre | |
2018 | 190 bu/acre | |
2019 | 55 bu/acre | |
2020 | 190 bu/acre | |
2021 | 50 bu/acre | |
2022 | 220 bu/acre |
Auction Sales Method: The real estate will be offered as 2 tract(s) of land. Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres. Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). Taxes: The real estate taxes will be pro-rated to the day of closing. Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. The Seller will provide a current abstract of title at their expense. The seller reserves the right to reject any and all bids. Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds. Earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. Closing: The sale closing is on Feb. 6th, 2024, or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing. Possession: Possession will be granted at closing, or such other date agreed to by both parties, subject to the current farm lease. Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Notice: All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final. Online Bidding: Please visit our website to register for online bidding. Server and Software Technical Issues: In the event there are technical difficulties related to the server, software, or any other on-line auction-related technologies, Whitaker Marketing Group reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Whitaker Marketing Group shall be held responsible for a missed bid or the failure of the software to function properly for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Whitaker Marketing Group. Seller(s): Helen L Johnson Revocable Trust
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Auction Documents:
United States