Upcoming Live Public Plymouth County Farmland Auction
Of 68.46+/- Acres Of Prime Plymouth County, IA. Farmland
Farm Can Be Purchased On A Contract For Deed With An Attractive
4% Interest Rate Or As A Cash Sale
Located North of Lemars, IA On US HWY 75
Tuesday—March 20, 2018—10:30 A.M.
SOLD FOR $11,400 PER ACRE
Auctioneers Note: We are honored to present this Plymouth County, IA farmland on a live public auction for Philip D. Albert. This tract of farmland has been in the Albert family for Decades!!!Th is is a rare opportunity to purchase excellent Plymouth County, IA farmland!! Make plans today to attend! Auction signs will be posted!
Directions: from Fedders RV located on the North side of LeMars, IA on US Hwy 75 go 3 miles North On US HWY 75 to the beginning of the farmland. This farmland is located in the NE corner of the intersection of US HWY 75 and 130th st. This tract of farmland lies adjoining US HWY 75. Auction will be held at the site of the land. AUCTION SIGNS WILL BE POSTED!!! For inclement weather watch www.zomerauctions.com.
Legal Description– The West Half (W1/2) of the Southwest Quarter (SW1/4 of Section Sixteen (16), Township Ninety Three (93) North, Range Forty-Five (45) West of the Fifth P.M., Elgin Township, Plymouth County, Iowa; EXCEPTING THEREFROM, that part of the SW1/4 SW1/4 of Section 16, T93N, R45W of the 5th Principal Meridian, Plymouth County, Iowa, containing 9.34 acres, more or less including county road and more particularly described as follows: Commencing at the SW corner of SW1/4 SW1/4, thence East 409.53 feet on the South line of SW1/4 SW1/4 to the point of beginning ; thence N 0°02’ E, 539.0 feet; thence East 928.75 feet parallel with the South line of said SW1/4 SW1/4 ; thence S 0°28’30” W, 539.0 feet on the East line of said SW1/4 SW1/4; thence West 924.6 feet on the South line of said SW1/4 SW1/4 to the point of beginning. NOTE: The South line of said SW1/4 SW1/4 is assumed to bear East-West. Subject to any public roads or easements of record.
General description: According to the Plymouth County Assessor, this property contains approx. 68.46+/- gross acres. According to Plymouth County FSA, this farm contains approx. 61.60 +/- tillable acres with the balance in road/ditch, and pushup terraces and small portion of trees. This farm has a corn base of 30.8 acres with a PLC yield of 166bu on corn and a soybean base of 30.50 acres with a PLC yield of 50bu on soybeans. This farm is classified as HEL. This farmland is in the arc county program. The predominant soil types include: 310B, C2-Galva, 467B-Radford. The average CSR2 is 85.7 and the average CSR1 is 60.2. This farm appears to have a good state of productivity and is well managed. This farm’s topography is rolling and is an excellent producer. Quality farmland in this area is hard to find!!—Make plans today to attend this auction!!!
Method of sale: This farmland will be sold with the final bid price x 68.46+/- gross county acres. Auction will be held at the site of the farmland.
Taxes: The current Real Estate taxes according to the Plymouth County Treasurer are $1,708.00 per year.
Possession: Possession of the farmland will be on March 1, 2019 due to current lease. This farmland will receive a very attractive rent for the 2018 crop year to be paid as follows $12,400.52 at closing and $7,590.00 on September 1, 2018 for a total annual rent of $19,990.52.
Terms: Option #1: Purchaser(s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 3, 2018 when the buyer shall receive a clear and merchantable title to the property. Option #2: Philip D. Albert as seller is offering the buyers of this farmland a 15 or 20 year contract for deed with a $80,000.00 non-refundable earnest money down payment due day of auction and remaining balance on contract with a 4% fixed interest rate for 15 or 20 years with a minimum annual payment of $50,000.00 per year including interest with any remaining principal balance and interest due in full at the end of the 15 or 20 year contract. Contract for deed will be prepared by sellers attorney. If buyers choose option two buyer will not be allowed to pre-pay other than annual payment on contract during first five years of contract. Contact agents for details. Buyers must exercise option #1 or option #2 at the time of signing the purchase agreement immediately following the auction. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statues. Property is sold based on county stated gross acres. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Craig Bauerly–Attorney for seller
Philip D Albert-Owner
Darrell Vande Vegte-712-726-3428–
Gary Van Den Berg-Sales-712-470-2068
Joel Westra—605-310-6941–Joel Westra Jr.—605-957-5222