Franklin County, Iowa Land Auction

HAMPTON, IOWA
Tract #1 is located 7 miles south of Hampton on Highway 65, then 1 mile west on 70^th Street. Or generally located 10 miles north and east of Iowa Falls.

Tracts #2, 3 & 4are located 6 miles south of Hampton on Highway 65, then 1 mile west on 85^th Street, then ¼ mile south on Olive Avenue.

Auction to be held at Harriman Park, 324 19th Ave NE, Hampton, IA 50441

 

263 Acres M/L – SELLS IN 4 TRACTS
84.6 CSR2!
Selling Free and Clear for the 2020 Farming Season!

Auctioneer’s Note: All tracts will be sold by the acre.  Tracts will be sold Choice with the Privilege, whereas the high bidder may choose Tract #1, Tract #2, Tract #3 or Tract #4 or any combination of tracts, in any order, times their high bid.  This will continue until all tracts are sold.  Tracts will not be recombined. 

 

Tract #1 – 149 Acres M/L –(Subject to final survey)FSA indicates: 157.04 acres tillable.
Corn Suitability Rating 2 of 84.6 on the entire tract.
This farm has a windmill lease agreement.
The windmill payment is $4,500 per year for the first 11 years of the term and increasing to $5,500 starting on the 12th year of the lease, with an increase of 2.5% per year for the remainder of the term.  < Click Here > for complete windmill easement contract.
Located in Section 4 of Grant Township, Franklin County, Iowa.

Real Estate Taxes on Tract #1
Gross                          $5,282.61
Ag Land Cr.               ($211.44)
Family Farm Cr.        ($147.68)
Net                              $4,923.00

 

Tract #2 – 41.29 Taxable Acres M/L
Approx. 39 acres tillable, currently pasture hay ground.
Corn Suitability Rating 2 of 80.5 on the tillable.
Located in Section 32, Reeve Township, Franklin County, Iowa

Real Estate Taxes on Tract #2
Gross                          $1,398.14
Ag Land Cr.               ($54.16)
Family Farm Cr.        ($37.83)
Net                              $1,306.00

 

Tract #3 – 38.99 Taxable Acres M/L
This tract is pasture hay ground.
Corn Suitability Rating 2 of 59.1 on the entire tract.
Located in Section 32, Reeve Township, Franklin County, Iowa

Real Estate Taxes on Tract #3
Gross                          $834.52
Ag Land Cr.               ($32.32)
Family Farm Cr.        ($22.57)
Net                              $778.00

Tract #4 – 33.92 Taxable Acres M/L
This tract is a recreational tract with timber.
Located in Section 32, Reeve Township, Franklin County, Iowa

Real Estate Taxes on Tract #4
Gross                          $537.02
Ag Land Cr.               ($22.20)
Family Farm Cr.        ($15.50)
Net                              $536.00

 

TERMS ON ALL TRACTS

Terms:10% down payment on November 21, 2019.  Balance due at closing with a projected date of December 23, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 23, 2019.  (Subject to tenant’s rights on tillable land)
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

 

Special Provisions:

• The tillable land is selling free and clear for the 2020 farming season.
• Tract #1 has a windmill lease agreement. Copies of agreement are available to view online.
• If Tracts #2, #3 & #4 are not the same buyer, there will be an Ag Easement established, which will favor Tracts #2 & #4 and will allow access across Tract #3 to access Tracts #2 & #4.
• It shall be the obligation of the buyer(s) to report to the Franklin County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  C.  Final tillable acres will be determined by the FSA office.
• Tract #1 will be surveyed by a licensed surveyor and surveyed acres will be the multiplier for said tract.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.  Seller shall not be obligated to furnish a survey on any other tracts.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.
  

Click Here to View Day 2 of the Auction- Estate Farm Equipment

 

Owner: Kevin L. Barz Estate

Taryn Barz, Coleton Barz & Trey Barz –
Co-Executors of the Estate
Erin Herbold – Attorney for Estate

 

For real estate information contact Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528.
For equipment information contact Duane Norton at Steffes Group, 641.423.1947 or 515.450.7778.

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Steffes Group Inc., agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.