We invite you to the live auction of 160.51± acres of land, hog buildings, grain facility & homes! For details on the land contact Nate Larson of Steffes Group, 641.423.1947 or by cell, 641.530.5528.

 

Luscombe Enterprises, Inc. Land Auction

THORNTON, IOWA

The land & homes are generally located 4 1/2 miles north of Thornton on County Highway S25, then 5 miles west on County Highway B55 to County Highway S14/Balsam Ave.  Watch for auction signs.

Auction to be held at the Best Western Holiday Lodge, 2023 7th Ave. N, Clear Lake, IA 50428

Shown by appointment only.

Public Open House on Friday, November 15th from 9AM-3PM

160.51 Acres M/L – SELLS IN 5 TRACTS

Day of Auction Contract & Survey Now Uploaded Below

“Selling Choice with the Privilege”

Tracts #1-2 will be sold price per acre.  Tracts #4, 5, 6 will be sold lump sum price.  Tracts #1-2 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #1, or Tract #2 , or any combination of tracts times their high bid.  Once this is completed, Tracts #4, 5, & 6 will be sold.  Tracts will not be recombined. 

Click here > to View Day 2 Machinery Auction

 

Tract #1 – 70.23 Surveyed Acres M/L
Approx. 66 acres tillable.
Corn Suitability Rating 2 of 82.2 on the tillable.
Located in Section 31, Union Township, Cerro Gordo County, Iowa.

Real Estate Taxes on Tract #1
Gross  $1,865.19
Ag. Credit      ($62.16)
Net      $1,803.00 (Approx.)

 

Tract #2 – Two Hoop Buildings on 68.28 Surveyed Acres M/L
With approximately 64 acres tillable, this tract of land offers a 72’x252’ cattle hoop building built in 2015 with 4 pens, concrete floor, concrete fence line bunks, feed alleyway, a 40’x224’ hoop storage building and a separate 40’x48’ commodity hoop building with concrete floor.  Corn Suitability Rating 2 of 83.9 on the tillable.  Located in Section 31, Union Township, Cerro Gordo County, Iowa.


Included: 
Fence line bunks
Not included: Hay bales

Real Estate Taxes on Tract #2
Gross  $2,466.80
Ag. Credit      ($69.84)
Family Farm Credit  ($48.78)
Net      $2,347.00 (Approx.)

 

Tract #3 – 31 Acres M/L – This Tract will Not Be On The Auction

Tract #4 – 80’ x 170’ Nursery on 10 Surveyed Acres M/L
This tract offers an 80’x170’ nursery built in 2017 with a 20’x26’ addition with two stationary dock heights.   This tract has approx. 7 acres tillable with a Corn Suitability Rating 2 of 79.9 on the tillable.  Located in Section 31, Union Township, Cerro Gordo County, Iowa.

Included: 50KW generator, 4 bulk bins
Not included:(2) 1,000 gal. LP tanks

Real Estate Taxes on Tract #4
Gross  $2,058.08
Ag. Credit      ($9.30)
Net      $2,049.00 (Approx.)

 

Tract #5 – 3,600 Head Hog Facility & Home on 10 Surveyed Acres M/L
Property Address:  7442 Balsam Avenue, Thornton, Iowa

3,600 head hog facility includes: 40’x296’ finishing building (updated in 2017), with enclosed loadout & 3 bulk bins, 60’x260’ finishing building with enclosed loadout & 3 bulk bins, and a 40’x60’ former gilt building converted to finishing in 2017 and a bulk bin.  This site has a 12,000 gal. LP tank and a 150KW generator.  Other buildings include: 60’x100’ machine shed & 40’x70’ shop.

The five bedroom, three bath home has 3,895 sq.ft. of living space on the main level.  The main level offers a family room with fireplace, rec room, formal dining room, master suite with master bath & hot tub and a laundry room.  Other amenities of the home include 20’x24’ 3 seasons sunroom, above ground pool, a 24’x36’ 3 car attached garage, partial basement with two high efficient furnaces with central air.  The property is serviced by two wells.

Included: 12,000 gal. LP tank, 150KW generator, All bulk bins.
Not included:Fuel barrels, Hay bales, Air compressor, Appliances, All personal property.

Real Estate Taxes on Tract #5
Gross/Net      $1,175.00 – (Approx.)

 

Tract # 6 – 137,000 bu. Grain Bin & Feed Mill on 2 Surveyed Acres M/L
137,000 bu. grain bin setup includes: 75,000 bu. grain bin, (2) 31,000 bu. grain bins with a 120’ grain leg, 6,000bu/hr conveyor, MC820 grain dryer and a 70T scale.  Bulk bins include a 4,500 bu., 3,000 bu., 30 ton & (3) 25 ton.

The 42’x72’ feed mill has a drive thru alley with dump pit, office and feed mill room with a Agtronix Feed Pro FP900A80 feed blender, Roller Grinder System, 2 unit Agtronix Feed Pro FP901A40, Agtronix Feed Pro LX800 12 hopper micro mixing system, connected to a 4 head truck dump over the feed truck parking stall.

Included: Feed mill equipment.
Not included: (2) 1,000 gal. LP tanks

Real Estate Taxes on Tract #6
Gross/Net      $570.00 – (Approx.)

Tract #7 – Home & Outbuildings on 6.5 Acres M/L  – This Tract will Not Be On The Auction

 

TERMS ON ALL TRACTS
Terms:10% down payment on December 3, 2019.  Balance due at closing with a projected date of January 28, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of January 28, 2020. 
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:

Luscombe Enterprises, Inc. 

For real estate information contact Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528.

 

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.