REAL ESTATE AUCTION
297.6 ACRES - 3 TRACTS
 SECTIONS 6 & 7  ROCKFORD TOWNSHIP POTTAWATTAMIE CO., IA,

MONDAY, SEPTEMBER 9TH,  2024  @ 10:00AM  

SALE LOCATION:  RAND COMMUNITY CENTER - 100 S 4TH ST, MISSOURI VALLEY, IA

SIMULCAST ONLINE BIDDING AVAILABLE DURING LIVE AUCTION
Please go to www.jimschabenrealestate.com for details.                    

 

TRACT 1: 121.84 ACRES                 CSR2 82.9
FARM LOCATION:  From the intersection of I-29 and the Loveland exit go 2 1/4 miles West on Desoto Ave (G-12). The farm is NW of the intersection of Desoto and 130th St.

PHYSICAL DESCRIPTION: A high producing farm boasting nearly 73 of its acres with CSR’s at or above 98 CSR and 0-2% slopes, according to Surety Maps.

SOIL TYPES: Salix Silty Clay, Luton Silty Clay, Keg Silt Loam and Blencoe Silty Clay

 



TRACT 2: 101.18 ACRES          CSR2 65.3
FARM LOCATION: From the intersection of I-29 and the Loveland exit go 2 3/4 miles West on Desoto Ave (G-12). The farm is N side of Desoto Ave. and West side of the drainage ditch.

PHYSICAL DESCRIPTION: A high producing farm with 0-2% slopes according to Surety Maps.

SOIL TYPES: Luton Silty Clay, Salix Silty Clay, and Blencoe Silty Clay


 

TRACT 3: 74.58 ACRES         CSR2 68.2
FARM LOCATION:  From the intersection of I-29 and the Loveland exit go 2 1/4 miles West on Desoto Ave (G-12). Farm is on the South side of Desoto Ave.

PHYSICAL DESCRIPTION: Nearly level tract of farmland with 0-2% slopes.

SOIL TYPES: Luton Silty Clay, Cooper Silty Clay Loam, Salix Silty Clay Loam, Keg Silt Loam, and Blencoe Silty Clay

 

 

FSA INFORMATION ON  ALL TRACTS

FSA INFORMATION ON TRACTS COMBINED:     
Cropland: 302.91 Acres                                                Farmland: 304.53 Acres

Corn Base:  185.2 Acres                                               PLC Corn Yield: 113 Bu.

Soybean Base: 59.46 Acres                                                PLC Soybean Yield: 35 Bu.

CRP Acres: 58.25

Annual Contract Payment: $18,018.00 Contract Retirement Date: 9-30-2030

All Tracts have been farmed as one unit. It will be up to the FSA office to prorate the bases on these 3 tracts. New owners of tract 1 & 2 will be required to accept the USDA CRP contract at time of closing. There is no CRP on tract 3



TERMS: At the conclusion of the auction the buyer(s) will be asked to sign a Real Estate Contract putting 15% of the sale price in escrow with Trent Reinert Attorney. Balance of the funds will be due and payable on or before closing on November 1st, 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 1st, 2024
POSSESSION:  New buyers will have full landlords possession at time of closing and will receive 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 Thompson Roots LLC  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.

LEGAL DESCRIPTION: Please contact Schaben Real Estate for legal description.

SALE MANAGERS NOTES: What a great opportunity to add to an existing farm operation by purchasing well located land that is being offered in manageable sized tracts. This farm has been held in the Thompson family for over 125 years!!

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