Auction held at Melvin Legion Building at 225 Main Street in Melvin, Iowa.
LOCATION: The property is located ¼ mile north of the intersection of 220th Street (Blacktop A34) and Redwood Avenue. This is 2 miles southeast of Cloverdale, Iowa; or 6 miles northwest of Melvin, Iowa; or 7 southeast of Sibley, Iowa. Auction sign posted at the property.
ABB. LEGAL: North Half of Southwest Quarter of Section 2-98-41.
FARM INFORMATION: Selling will be 80 acres, more or less, according to the legal description. The farm is all tillable with exception of road easement and small grass waterway. Current FSA program information shows 78.05 crop land acres with a 36.9 acre corn base and 173 bushel yield, soybean base of 36.8 acres with a 50 bushel yield. The CSR2 rating is 90.9 with an older CSR rating of 75.3. There is over 40% Wilmonton soil on this property with the balance in Letri and Everly soils. Current taxes are $2,326 per year.
TERMS: Ten percent earnest money on day of auction. Buyers will enter written agreements for purchase immediately following the close of bidding. All final bids are subject acceptance or rejection by ownership. Balance due on or before February 12, 2025, when deed and abstract showing merchantable title will be delivered and possession given subject to remaining rights of current tenant that expire March 1, 2025. The Sellers will pay the installment of Iowa real estate taxes that would become delinquent if not paid by October 1, 2025 and all prior taxes.
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