REAL ESTATE AUCTION
237 ACRES

Duane Carroll Farm Trust

Adam Roos and Ethan Roos - Owners
SECTION 7 FAIRVIEW TOWNSHIP,  SHELBY CO., IA, 

WEDNESDAY, FEBRUARY 1ST,  2023  @ 11:00am  

SIMULCAST ONLINE BIDDING AVAILABLE DURING LIVE AUCTION
Please go to www.jimschabenrealestate.com for details.                    
SALE LOCATION:  Therkildsen Center, 706 Victoria St., Harlan, Iowa

 

 


TRACT 1: 237 ACRES CSR2 64.9

FARM STREET ADDRESS: 1038 500th St. Harlan, Iowa 

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From the intersection of US 59 and F58 (Corley, Iowa) go 2 1/2 miles West on F 58 then South 1 mile on Ironwood Road and then 1/2 mile East on 500th St. Farm is located on the North side of the road.

PHYSICAL DESCRIPTION: A rolling hill farm that has been terraced and some tile. The farm is in a high state of fertility.

GRAIN BINS: 3 grain bins with a total capacity of over 26,000 bu.

BUILDINGS: Older set of farm buildings that are functionally obsolete. Machinery Storage Building

FSA INFORMATION:  Farm #: 5995   Tract# 411

Cropland: 218.99 Acres     CSR #2:  64.9
Corn Base Acres: 108.7 Acres Corn Yield: 162 Bu.
Soybean Base Acres: 62.2 Acres Soybean Yield: 48 Bu.

CRP: 2 Contracts

-6.26 Acres with annual payment of $1879.00. Contract expires 9/31

-21.93 Acres with annual payment of $7101.00. Contract expires 9/27

Buyers will be required to assume both CRP contracts.
Soil Types:  Monona silty clay, Judson-Ackmore-Colo overwash, Burchard Clay Loam, Judson silty clay loam, Liston-Burchard complex and Shelby clay.

 


TERMS: At the conclusion of the auction the buyer(s) will be asked to sign a Real Estate Contract putting 20 percent of the sale price in escrow with Lohman, Reitz, Sailer, Ullrich and Blazek Law Firm Trust Account, Adam Ullrich, Attorney. Balance of the funds will be due and payable on or before closing on March 15th, 2023.  Sellers will furnish buyer(s) with abstract showing marketable title and deed. Taxes will be prorated to closing date and paid by sellers.
CLOSING DATE: On or before March 15th, 2023
POSSESSION:  Full possession and full farming rights for crop year 2023 at closing.

ADDITIONAL CONDITIONS:  The real estate and all improvements situated on the real estate are being sold “as-is” “where-is” subject to any existing rights-of-way or easements.  Buyer will be responsible for all costs related to the inspection of any private sewage disposal system along with any required repairs or replacement of any septic system.  Buyer will be responsible for entering into an agreement with the Shelby County, Iowa Sanitarian whereby the Buyer will agree to install a septic system for the residential building on the real estate or will demolish the residential building within a certain period of time acceptable to the Shelby County, Iowa Sanitarian.  All information has been gathered from sources deemed reliable, however neither Duane Carroll Farm Trust, Adam Roos, Ethan Roos nor Schaben Real Estate, LLC make any guarantees, either expressed or implied, as to their accuracy. It is the responsibility of the buyer(s) to exercise due diligence to verify any and all figures. Any announcements made day of sale take precedence over printed material. All bidding increments are at the discretion of Schaben Real Estate, LLC. Successful bidder(s) will enter into a purchase agreement contract at the conclusion of the auction. Sale is not contingent on Buyer(s) financing. 
AGENCY DISCLOSURE: Schaben Real Estate, LLC  represents the seller in this transaction. Adam Ullrich, Attorney for Adam Roos.

SALE MANAGERS NOTES: Fantastic opportunity to add a very productive large farming unit to your current operation. The farm is a mile and a half from a hard surface road and close to several aggressive grain markets.
For more info contact Jim Schaben at 712-263-9449.


 

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