MURLYN & LILLIAN RONK ESTATE
 REAL ESTATE AUCTION
351.15 ACRES-3 Tracts
SECTION 34 HARRISON TOWNSHIP

 SECTIONS 11 & 12 DOUGLAS TOWNSHIP,  HARRISON CO., IA,

FRIDAY, MAY 26TH,  2023  @ 10:00am  

SIMULCAST ONLINE BIDDING AVAILABLE DURING LIVE AUCTION
Please go to www.jimschabenrealestate.com for details.                    
SALE LOCATION:  Dunlap Livestock Auction, 701 HWY 30, Dunlap, Iowa

 

 

TRACT 1: 74.15 ACRES                       

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From Dunlap go 4 1/4 miles South on L66 then 1/2 mile East on 155th, then 1/4 miles South on Tracey Ave. The farm is on the West side of Tracey Ave.

PHYSICAL DESCRIPTION: A rolling hill farm that is in a high state of productivity. This tract boasts nearly 64% of the field is 0 to 5% slope and over a 89 CSR. The farm is in a high state of fertility.

Soil Types: Dockery-Quiver, Napier, Ida, Monona, Kennebec, and McPaul silt loams

FSA INFORMATION:  Farm #: 2535   Tract# 830

Cropland: 73.38 Acres     CSR #2:  74
Corn Base Acres: 36.39 Acres Corn Yield: 174 Bu.
Soybean Base Acres: 27.29 Acres Soybean Yield: 47 Bu.

CRP: 9.70 Acres with annual payment of $3813.00. Contract expires 9/25
Taxable Acres:  74.15 TAXES: $2408.00

Buyers portion of 2023 Cash ReNT: $8437.60

 

 

TRACT 2: 119 ACRES                       

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From Woodbine go 6 1/4 Miles East on F32 then 2 miles North on Vienna. Farm is on the West side of Vienna.

PHYSICAL DESCRIPTION: A rolling hill farm that boasts over 73% of the CSR’s above 86. The farm is in a high state of fertility.

Soil Types: Primarily Kennebec, Napier, Ida, and Monona Silt Loams

FSA INFORMATION:  Farm #: 2535   Tract# 761

Cropland: 109.77 Acres     CSR #2:  69.3
Corn Base Acres: 50.51 Acres Corn Yield: 174 Bu.
Soybean Base Acres: 39.71 Acres Soybean Yield: 47 Bu.

CRP: 14.93 Acres with annual payment of $6049.00. Contract expires 9/25
Taxable Acres:  119 TAXES: $4112.00

IMPROVEMENTS: 1 36’x24; Bin, 1 30’X18’ Bin.

Buyers portion of 2023 Cash ReNT: $12566.30


 

TRACT 3: 158 ACRES                        

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From Woodbine go 6 1/4 Miles East on F32 then 2 miles North on Vienna. Farm is on the East side of Vienna.

PHYSICAL DESCRIPTION: This tract has over 45% of the field at 86-93 CSR’s. The farm is in a high state of productivity.

Soil Types: Ida, Napier, Monona and Kennebec silt loams.

FSA INFORMATION:  Farm #: 2535   Tract# 760

Cropland: 134.04 Acres     CSR #2:  59.9
Corn Base Acres: 64.5 Acres Corn Yield: 174 Bu.
Soybean Base Acres: 49.80 Acres Soybean Yield: 47 Bu.

CRP: 16.05 Acres with annual payment of $6435.00. Contract expires 9/25

Taxable Acres:  158 TAXES: $4184.00

Buyers portion of 2023 Cash ReNT: $15621.75

Improvements: There is a shared dam on the boundary of Tract 3, also an older barn and two older bins.


TERMS: At the conclusion of the auction the buyer(s) will be asked to sign a Real Estate Contract putting 15 percent of the sale price in escrow with Todd Argotsinger of Salvo Deren Law Firm. Balance of the funds will be due and payable on or before closing on July, 11th, 2023.  Sellers will furnish buyer(s) with abstract showing marketable title and deed. Taxes will be prorated to closing date and paid by sellers. All buyers will be required to assume existing CRP contracts and abide by contract terms. Buyers will receive half of the 2023 cash rent. Buyers receive the CRP payment in September of 2024.

CLOSING DATE: On or before July 11, 2023
POSSESSION:  New buyers will have full landlords possession at time of closing and full farming rights for crop year 2024.

ADDITIONAL CONDITIONS:  Property is being sold “as is” subject to any current right-of-ways or easements. All information has been gathered from sources deemed reliable, however neither Ronk Estate 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. Todd Argotsinger, Attorney for Ronk Estate.

SALE MANAGERS NOTES: These farms have been operated by the Ronk family for three generations. The focus has been on conservation practices throughout that time. Any one of these tracts would make a great addition to your current farming operation.
For more info contact Jim Schaben at 712-263-9449.