Tract 1 Cooper Family Farm Taylor County Iowa i-Auction

74+/- Acres Highly Tillable. Great Producer. South of Lenox, IA. Click To Learn More.

Taylor County Iowa – Lenox IA

Row Crop Farm Land with Terrace and Tile

Location, Location, Location.

Method of Sale: Online only auction with bidding open Jan 4 through Jan 11, 2024

REGISTER TO BID

Location: South of Lenox Iowa app 7 miles on N64 to intersection of 190th Road and Hwy N64. Farm is on the SE Corner of Interstection.

Short Legal: Twn69N, Rng32W, Sec 20. Legal to govern.

Legal Description: Available upon request.

Total Acres: 73.82+/- Taxed Acres

Taxes: $2010 Based on 2022 Tax Year

Possession: Farm is available for possession upon closing.

Closing Date: On or before February 23, 2024.

FSA Information:

Total FSA Acres: 75.38+/-,

FSA Tillable Acres: 74.66+/-

DCP Crop Data: 5.7 Wheat Base Acres, 6.10 Oats Base Acres, 37 Corn Base Acres.

Soils: Mostly Nira silty clay loam, Macksburg silty clay loam, Clearfield silty clay loam and Clarinda silty clay loam. Farm offers a weighted average CSR2 rating of 67.8 based on Surety Mapping. Soil maps available.

CSR Information: CSR2 Value based on Surety Mapping of 67.8 CSR2

Description: Located just South of Lenox Iowa in Taylor County, this farm checks all the boxes. Highly tillable with terrace and tile work performed and above average soils, this farm is a producer. This farm enjoys blacktop frontage on the West and good gravel on the North. Most terraces are built East to West for longer rows and ease of farming.

Auctioneers note: For bidding purposes the multiplier of 74+/- acres will be used. County records show 73.82+/- Taxable acres and FSA Shows 75.38+/- Total Acres.

Statement from the Owners: The current farmers on the land have been Excellent stewards of the land for many years. The owners and farmers have maintained an excellent working relationship. The current farmers have expressed interest in continuing to farm the land and the current owners would highly recommend them.

Sellers have performed various conservation efforts as well as improvements over the years including but not limited to the following. This list is to serve as an example of some of the work performed. Potential buyers are encouraged to view the farms and see how well these farms have been cared for and improved.

Inlets and terraces on south side tied into neighbors

Inlets and terraces on west side draining to N64 road

Several strings of seep tile installed in last 7 years on west side

Extensive inlets and terracing on north side installed in last 1 to 7 years

Have done 2 cost share rounds with NRCS - Total in range of $40k.

All drain to 190th street

Removed pond and reconfigured old terraces

Includes various seep tile and tie in of previous tile lines

Changes allowed east to west farming on longer rows

Documents:

FSA Aerial

.pdf

Download PDF • 221KB

T1 Aerial

.pdf

Download PDF • 576KB

T1 Soils Map

.pdf

Download PDF • 532KB

Maprighty Map T1

.pdf

Download PDF • 6.13MB

Terms:

Farm is open for the 2024 farm season. There are no farm or hunting leases in place. Buyer to receive possession at closing.

Bidding will end with a soft close, meaning that a bid in the final minutes will extend the bidding by approximately 5 minutes.

Tracts 1, 2 & 4: All bids are placed on a per acre basis (your bid times the total acres). Bidders will be required to register and sign terms/conditions before bidding on the auction. Tract 3 will be sold based on a total dollar amount.

The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement and render 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.

United Country Property Solutions LLC must receive a signed copy of the contract (hand delivered, faxed, or scanned and emailed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid.

The sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns.

This agreement is NOT subject to financing, inspections, or other contingencies or delays to the closing for such reason. Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit. Sale is non-contingent; failure to close will result in forfeiture of the earnest money. Buyer must secure their own necessary financing approval prior to the auction. Sale is subject to owner confirmation and reserves the right to accept or reject any and/or all bids.

The property is sold “As Is, Where Is” and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding. Sellers and/or the Auction Company do not guarantee acres.

Taxes are paid through March 31, 2024 by the sellers. Taxes due and payable beyond March 31, 2024 will be the sole responsibility of the new owners. Seller shall provide an updated Abstract and shall execute a proper deed conveying the real estate to the buyer.

Attorney for the sellers: Matthew Hanson located in Lenox Iowa. Brokerage for the sellers: United Country Property Solutions LLC broker Dan McChristy. United Country Property Solutions LLC are exclusive agents for the Sellers.

Sale shall include all mineral rights owned by the seller if any. Property is sold based on the legal description (survey for tract 3 will be provided by sellers). All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement.

Under no circumstances shall Bidder have any kind of claim against United Country Property Solutions LLC, Sellers, or any party if the Internet service fails to work correctly before or during the auction. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

Bid Increments:

Tracts 1, 2 & 4 Bid Increments

Starting at $0 bid increment is $500 per acre Starting at $3,000 bid increment is $250 per acre Starting at $4,000 bid increment is $100 per acre Starting at $5,000 bid increment is $75 per acre

Starting at $6,000 bid increment is $50 per acre Starting at $7,000 bid increment is $25 per acre

Tract 3 (Homestead) Bid Increments

Starting at $100,000 bid increment is $10,000 Starting at $200,000 bid increment is $5,000

Starting at $250,000 bid increment is $2,500 Starting at $300,000 bid increment is $1,000 Starting at $350,000 bid increment is $500

Link to Tract 1: Click Here

Link to Tract 2: Click Here

Link to Tract 3: Click Here

Link to Tract 4: Click Here

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