537.5 Acres M/L Selling in 6 Tracts in Wapello County, IA! For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944.

LARGE LOUISA COUNTY, IOWA LAND AUCTION

WAPELLO, IOWA
Land is generally located 1 1/2 miles south of Wapello on Highway 61, then 1 ½ miles west on 65th Street.
Watch for auction signs.

Auction to be held at Mediapolis City Hall, 510 Main Street, Mediapolis, IA 52637

 

MONDAY, NOVEMBER 9, 2020 AT 10AM

 

537.5 Acres M/L – SELLS IN 6 TRACTS


Selling Free and Clear for the 2021 Farming Season

“Selling Choice with the Privilege”

Tracts will be selling Choice with the Privilege. High bidder may take Tract 1, Tract 2, Tract 3, Tract 4, Tract 5 or Tract 6 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. Tracts 1 & 5 will be sold by the taxable acre. Tracts 2, 3, 4 & 6 will be sold by the surveyed acre.

 

Tract #1 – 160.33 Taxable Acres M/L
Land is located 1 1/2 miles south of Wapello on Highway 61, then 1 ½ miles west on 65th Street.

FSA indicates: 156 NHEL acres tillable.
Corn Suitability Rating 2 is 74.1 on the tillable acres.
Located in Section 9, Wapello S Township, Louisa County, Iowa.

View Soil Map

View FSA Map

 

Tract #2 – 68.86 Acres M/L– Subject to final survey
Land is located 1 1/2 miles south of Wapello on Highway 61, then 2 miles west on 65th Street, then 1 mile south on L Ave.

FSA indicates: 65.84 NHEL acres tillable.
Corn Suitability Rating 2 is 65.3 on the tillable acres.
Located in Section 8, Wapello S Township, Louisa County, Iowa.

View Soil Map

 

Tract #3 – 75.85 Acres M/L– Subject to final survey
Land is located 1 1/2 miles south of Wapello on Highway 61, then 2 miles west on 65th Street, then 1 mile south on L Ave.

FSA indicates: 70.6 NHEL acres tillable.
Corn Suitability Rating 2 is 63.3 on the tillable acres.
Located in Section 8, Wapello S Township, Louisa County, Iowa.
This tract has a 40’x45’ machine shed and a small grain bin.

View Soil Map

 

Tract #4 – 61.87 Acres M/LSubject to final survey
Land is located 1 1/2 miles south of Wapello on Highway 61, then 2 miles west on 65th Street, then 1 mile south on L Ave.

FSA indicates: 61.40 NHEL acres tillable.
Corn Suitability Rating 2 is 62.1 on the tillable acres.
Located in Section 8, Wapello S Township, Louisa County, Iowa.

View Soil Map

View FSA Map for Tracts 2, 3 & 4

 

Tract #5 – 28.25 Taxable Acres M/L
Land is located 1 1/2 miles south of Wapello on Highway 61, then 2 miles west on 65th Street, then 2 miles southwest on L Ave, then 1/2 west on 50th Street.

FSA indicates: 27.63 NHEL acres tillable.
Corn Suitability Rating 2 is 81.1 on the tillable acres.
Located in Section 18, Morning Sun Township, Louisa County, Iowa.

View Soil Map

View FSA Map

 

Tract #6 – 142.34 Acres M/L– Subject to final survey
Land is located 2 miles south of Wapello on Highway 61, then north on J Ave.

FSA indicates: 146.37 NHEL acres tillable.
Corn Suitability Rating 2 is 72.4 on the tillable acres.
Located in Section 11, Wapello S Township, Louisa County, Iowa.

View Soil Map

View FSA Map

 

TERMS ON ALL TRACTS

Terms:10% down payment on November 9, 2020.  Balance due at closing with a projected date of December 23, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of December 23, 2020 (Subject to tenant’s rights).

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.

 

Real Estate Taxes on Tract #1
Gross                          $6,232.29
Ag Land Cr.                 ($294.17)
Net                              $5,940.00 (Rounded)
Drainage:                  $1,348.00

Real Estate Taxes on Tract #2
Gross                          $2,388.11
Ag Land Cr.                  ($66.96)
Net                              $2,319.00 (Rounded)
Drainage:                  $629.00

Real Estate Taxes on Tract #3
Gross                          $2,623.28
Ag Land Cr.                 ($72.64)
Net                              $2,549.00 (Rounded)
Drainage:                  $679.00

Real Estate Taxes on Tract #4
Gross                          $2,122.92
Ag Land Cr.                   ($59.55)
Net                              $2,064.00 (Rounded)
Drainage:                  $412.00

Real Estate Taxes on Tract #5
Gross                          $1,276.76
Ag Land Cr.                  ($35.72)
Net                              $1,242.00 (Rounded)

Real Estate Taxes on Tract #6
Gross                          $5,389.29
Ag Land Cr.                 ($254.26)
Net                              $5,134.00 (Rounded)
Drainage:                  $1,334.00

 

Special Provisions: 

 

Homer Hillyard Trust & Virginia L. Hillyard Trust

Sara L. Haas – Attorney for Seller

 

For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944


Lot #: 1

in: Farmland

Lot #: 2

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Lot #: 3

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Lot #: 4

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Lot #: 5

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Lot #: 6

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