REAL ESTATE AUCTION
 79 ACRES
 SECTION 25 HARRISON TOWNSHIP,  HARRISON CO., IA,

THURSDAY, JUNE 1st,  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: 134.882 ACRES CSR2 66

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From Westphalia, IA for 1 1/4 mile west on F32. The farm is NE of the intersection of F32 and M-16.

PHYSICAL DESCRIPTION: A gently rolling hill farm with  35% of the acres at 1-5% slopes. The farm is bordered on 2 sides by hard surfaced roads.

Soil Types: Monona silty clay loam, Judson-Ackmore-Colo overwash and a small amount of Ida silt loam.

 


TRACT 2: 90.58 ACRES CSR2 64.8

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION: From Westphalia go 3/4 mile West on F32. The farm is on the North side of F32.

PHYSICAL DESCRIPTION: A gently rolling hill farm that boasts over 40 of the acres with 1-5% slopes. The farm is in a high state of fertility. The farm is bordered on the South by a hard surfaced road. (F32)

Soil Types: Monona silty clay loam, Judson-Ackmore-Colo overwash and a small amount of Ida silt loam.


FSA Information on Tract 1 & 2

FSA INFORMATION on tracts combined:      Farm #2102  Tract #2076
Farmland: 229.02 acres                                                Cropland: 224.30 acres        

Corn Base:  221.2 acres                                                PLC Corn Yield: 157  Bu.
These 2 tracts have been farmed as a single unit. The FSA information is based on that single unit. It will be up to the FSA to allocate the base and yield figures on each tract. Typically it will be prorated by percentage of tillable acres on each tract.



TRACT 3: 2.528 ACRES CSR2 58.2

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  815 1580th St. Earling, Iowa– From Westphalia: 1 1/4 mile West of F32 then 3/4 mile North on M16 then 1/4 mile East. Acreage is on the South side of the road.

PHYSICAL DESCRIPTION: 1 1/2 story four bedroom home that has 1726 Sq Ft of living space. Property includes a 50 X 100’ steel machine shed built in 1987, an older machine shed, three grain bins totaling 38,500 bushels. Property is in the Harlan School District and is on rural water.

 

For a private showing please contact Schaben Real Estate.

 

 

TAXES: Taxes on entire property are $8,064.00 (Includes buildings)

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 Marcus Gross Attorney. Balance of the funds will be due and payable on or before closing on July 18th, 2023.  Sellers will furnish buyer(s) with abstract showing marketable title and deed. Taxes will be prorated to closing date and paid by sellers.

CASH RENT: Buyer(s) share of 2023 Cash Rent: $31156.00 to be paid October 1, 2023. This will be allocated to tracts 1 & 2 based on percentage of tillable acres.

CLOSING DATE: On or before July 18, 2023.
POSSESSION:  New buyer(s) will have full landlord(s) possession at time of closing, will receive 50% of the 2023 cash rent 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 Roman Leuschen Farm, LLC nor Schaben Real Estate, LLC makes 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. Marcus Gross is the attorney for Roman Leuschen Farm, LLC.

SALE MANAGERS NOTES: The Leuschen farm has so many great attributes...Location, great CSR’s, long crop rows, high fertility, and located by hard surfaced roads. This property truly checks all the boxes. Please take a look and call if you have any questions or would like to have a private look at the acreage.

For more info contact Jim Schaben at 712-263-9449.