ESSER REVOCABLE TRUST
 REAL ESTATE AUCTION
171.89 ACRES-2 Tracts

 SECTION 6 CASS TOWNSHIP,  HARRISON CO., IA,

WEDNESDAY, MAY 31ST,  2023  @ 10:00am  

SIMULCAST ONLINE BIDDING AVAILABLE DURING LIVE AUCTION
Please go to www.jimschabenrealestate.com for details.                    
SALE LOCATION:  CREW Center, 601 Snyder Rd., Woodbine, Iowa

 


TRACT 1: 146.49 ACRES     

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From the intersection of US Highway 30 and Highway 44 go East 3 1/4 miles and then go 1 1/4 miles North on Sharon Ave. The farm is NE of the intersection of Sharon Ave and 230th.

PHYSICAL DESCRIPTION: A rolling hill farm that is in a high state of productivity.

GRAIN BIN: There is a 24’X21’ grain bin built in 1989 with a current annual income of $750. That payment will go to the buyer of tract 1 on 11/1/23

Soil Types: Monona silt loam, Ida silt loam and Napier silt loam.
Taxable Acres:  146.49 TAXES: $4016.00

CASH RENT: Buyer will receive $19,050 of the 2023 cash rent.

 

 

 

TRACT 2: 25.40 ACRES           

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From the intersection of US Highway 30 and Highway 44 go East 3 1/4 miles and then go 1 1/2 miles North on Sharon Ave. The farm is on the  West side of Sharon Ave.

PHYSICAL DESCRIPTION: A rolling hill farm with some terraces and the farm is borded on the North by nearly 5 acres of hardwood trees. Due to its size and topography this tract would make a great recreation property.

Soil Types: Ida silt loam, Monona silt loam, and Napier silt loam.
Taxable Acres:  25.40 TAXES:  $506.00
CASH RENT: Buyer will receive $2,850 of the 2023 cash rent.

 


FSA INFORMATION ON ALL TRACTS

FSA INFORMATION on tracts combined:      Farm #6750  Tract #5567
Cropland: 152.1 acres        

Corn Base:  71.9 acres                     PLC Corn Yield: 174  Bu.

Soybean Base:  72.7 acres                PLC Soybean Yield:  50 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


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 Jusdon Frisk Law Firm. Balance of the funds will be due and payable on or before closing on September, 1st, 2023.  Sellers will furnish buyer(s) with abstract showing marketable title and deed. Taxes will be prorated to closing date and paid by sellers. The buyers will receive 50 percent of the 2023 cash rent on November 1st.

CLOSING DATE: On or before September 1st, 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 Esser Revocable Trust 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. Judson Frisk, Attorney for Esser Revocable Trust.

SALE MANAGERS NOTES: What a great opportunity to purchase farmland that has been operated by the same family for over 65 years. These farms have been terraced where needed along with great fertility and weed control practices.
For more info contact Jim Schaben at 712-263-9449.