Lot # : 2 - Tract 2 - 154.30 Net Taxable Acres, Fremont Co IA

Online Only Auction
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Price Realized:
1,681,870.00 USD / Lot
10,900.00 USD / ea
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Glenwood, IA 51534
Date(s)
11/12/2024 - 11/26/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

This is an ONLINE ONLY auction.

Information
Lot # 2
Quantity x154.30
Group - Category Real Estate - Ag / Farm Land
Lead Tract 2 - 154.30 Net Taxable Acres, Fremont Co IA
Description
TRACT 2 - 154.30 ACRES FARM #5661 - TRACT #554 FARMLAND: 156.85 CROPLAND: 156.85 DCP CROPLAND: 156.85 TAXABLE ACRES: 154.30 EST. TAXES: $39.50 PER ACRE CORN BASE ACREAGE: 71.40 PLC YIELD: 164 BEAN BASE ACREAGE: 71.40 PLC YIELD: 52 TOTAL BASE ACREAGE: 142.80 CSRII: 81.4 PART OF SEC. 28 - 68N - 40W, Fremont Co, Iowa Directions to farm: From Farragut, IA - drive South on 370th Ave for 2 miles, turn East on 250th St. Drive 2.5 miles. The farm is located on the South side of the road. Signs will be posted! TRACT 2 AUCTIONEER’S NOTE: Hog building is not part of the sale. Buyer to receive manure for the farm on even years. Buyer will pay for the application expenses and pit treatment. Manure will be put on the farm Fall of 2024 and buyer will pay for the application. This farm has a manure easement. Irrigation system sells with the farm. Zimmatic irrigation system is newer with a 345' well and a single-phase, electric system. Well is tested at 400 gallons/min with a 60 HP submersible pump.
Name Alexander Online Land Auction
Auctioneer
Al Hughes Auction Service
Type Online-Only Auction
Date(s) 11/12/2024 - 11/26/2024
Auction Date/Time Info
Bidding opens November 12, 2024 @ 12:00 pm CST. Bidding closes November 26, 2024 @ 10:30 am CST.
Preview Date/Time Weather permitting, you are welcome to tour the farms at any time.
Checkout Date/Time Winning bidders will sign a purchase agreement and put down earnest deposit at the Jim Hughes Real Estate office within 24 hours.
Location
410 S Locust St
Glenwood, IA 51534
Buyer Premium No Buyer's Premium
Description
TRACT 1 - 77.58 ACRES FARM #5656 - TRACT #734 FARMLAND: 76.95 CROPLAND: 76.95 DCP CROPLAND: 76.95 TAXABLE ACRES: 77.58 TAXES: $3,284 ANNUAL | $42.33 PER ACRE CORN BASE ACREAGE: 38.00 PLC YIELD: 173 BEAN BASE ACREAGE: 30.90 PLC YIELD: 53 TOTAL BASE ACREAGE: 68.90 CSRII: 87.4 PART OF SEC. 8, 9 - 67N - 41W, Fremont Co, Iowa Directions to farm: From Riverton, IA - drive South on 330th Ave for 4 miles. The farm is on the East side of the road. Signs will be posted! TRACT 1 AUCTIONEER’S NOTE: Very hard to find a farm that will carry this high of a soil rating across all of the acres. This farm will compete with the best farms in Iowa. TRACT 2 - 154.30 ACRES FARM #5661 - TRACT #554 FARMLAND: 156.85 CROPLAND: 156.85 DCP CROPLAND: 156.85 TAXABLE ACRES: 154.30 EST. TAXES: $39.50 PER ACRE CORN BASE ACREAGE: 71.40 PLC YIELD: 164 BEAN BASE ACREAGE: 71.40 PLC YIELD: 52 TOTAL BASE ACREAGE: 142.80 CSRII: 81.4 PART OF SEC. 28 - 68N - 40W, Fremont Co, Iowa Directions to farm: From Farragut, IA - drive South on 370th Ave for 2 miles, turn East on 250th St. Drive 2.5 miles. The farm is located on the South side of the road. Signs will be posted! TRACT 2 AUCTIONEER’S NOTE: Hog building is not part of the sale. Buyer to receive manure for the farm on even years. Buyer will pay for the application expenses and pit treatment. Manure will be put on the farm Fall of 2024 and buyer will pay for the application. This farm has a manure easement. Irrigation system sells with the farm. Zimmatic irrigation system is newer with a 345' well and a single-phase, electric system. Well is tested at 400 gallons/min with a 60 HP submersible pump. TRACT 3 - 154.34 ACRES FARM #5656 - TRACT #299 FARMLAND: 156.38 CROPLAND: 154.22 DCP CROPLAND: 154.22 TAXABLE ACRES: 154.34 EST. TAXES: $36.20 PER ACRE CORN BASE ACREAGE: 51.60 PLC YIELD: 173 BEAN BASE ACREAGE: 51.60 PLC YIELD: 53 TOTAL BASE ACREAGE: 103.20 CSRII: 75.6 PART OF SEC. 29 - 68N - 40W, Fremont Co, Iowa Directions to farm: From Farragut, IA - drive South on 370th Ave for 2 miles, turn East on 250th St. Drive 1.5 miles. The farm is located on the South side of the road. Signs will be posted! TRACT 3 AUCTIONEER’S NOTE: Hog building is not part of the sale. Buyer to receive manure for the farm on even years. Buyer will pay for the application expenses and pit treatment. Manure will be put on the farm Fall of 2024 and buyer will pay for the application. This farm has a manure easement. SELLER: Alexander & Lindsey, LLC
METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres. TERMS: 10% down day of auction with balance due at closing. TRACTS 1 AND 3 closing on December 30, 2024. TRACT 2 closing on January 3, 2025. Abstracts will be provided. ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract at Jim Hughes Real Estate immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction. POSSESSION: At closing. Subject to tenant’s rights. Full farming possession will be March 1, 2025. AGENCY: Auctioneer Allan Hughes & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium No Buyer's Premium
Payment Terms
Winning bidders will sign a purchase agreement and put down earnest deposit at the Jim Hughes Real Estate office within 24 hours.
Shipping not applicable.