Thompson Family

TRACT 1: 88.25 ACRES***                      CSR2 57.4

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  From Dunlap: 3 miles West of Dunlap on US 37 then continue 1 mile West on X Ave. Farm address is 1015 X Ave. Farm is on the South side of X Ave.

PHYSICAL DESCRIPTION: A great location only a mile from Highway 37. Farm is a rolling hill farm that includes a 2 story house, detached garage and miscellaneous outbuildings. The house is in need of remodeling or razing. There are several mature walnut trees around the homesite.

Please Note: The house, outbuildings and well are all being sold "as is, where is". It will be the responsibility and expense of the buyer(s) to bring the septic system up to state/county codes if the intention is to occupy the home.

There is a well on the property

Soil Types: Monona silt loam, Napier Silt Loam and Ida Silt Loam

FSA INFORMATION:  Farm #: 4954  Tract# 842

Farmland: 78.92 Acres

Cropland: 65.37Acres     CSR #2:  57.4
Corn Base Acres: 53.1 Acres Corn Yield: 158 Bu.
Soybean Base Acres: 7.6 Acres Soybean Yield: 51 Bu.
Taxable Acres:  88.25 TAXES: $3236.00 (Including house & 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 Adam Ullrich Attorney. Balance of the funds will be due and payable on or before closing on November, 18th, 2024.  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 November 18th, 2024
POSSESSION:  New buyers will have full landlords possession at time of closing and full farming rights for crop year 2025.

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 the sellers 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 the sellers.

SALE MANAGERS NOTES: A great opportunity to purchase a smaller tract of farmland that is located close to a hard surfaced road.

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