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Prime Monona County Iowa Land Auction

By Russ McCall

Services for Real Estate Pros with McCall Auctions and Real Estate

September 27, 2009 07:22 AM

EXCELLENT UMIMPROVED WESTFORK TWP., MONONA CO., IOWA 300 +/- ACRES

PUBLIC LAND AUCTION

SATURDAY, NOVEMBER 21, 2009 – 10:30 A.M.

Auction Site: Sloan Community Hall, 423 Evans, Sloan, IA.

Driving Directions to Land: 2.5 miles south of Sloan on Old Hwy 75, turn left on 110^th and go approximately 1.5 miles to view Tract #1 on the south side the road, then drive another half mile to view Tract #2 on north side of road.

TRACT ONE

Legal Description: 229 acres - NE1/4 of Section 10 – T85N – R46W, Monona Co., IA. And E1/2 of NW1/4 of Section 11 – T85N – R46W, Monona Co., IA. Minus 2 acreage locations. Abstract legal to govern.

General Description: This is an excellent and productive larger tract of Iowa Farmland. Ideal location close to Interstate and several grain elevators.
Average CSR: 68.2
Gross Taxes: $5,425.51 on 229.85 taxable acres.

TRACT TWO

Legal Description: 68 acres – E1/2 of Section 2 – T85N – R46W, Monona Co., IA. Abstract legal to govern.

General Description: This is a good to excellent tract for those that are looking for a smaller parcel. Ideal location close to Interstate and several grain elevators.
Average CSR: 54.8
Gross Taxes: $1,646.97 on 68.65 taxable acres.

TERMS

PROCEDURE: The properties will be offered in individual tracts. The sale price of each tract will be determined by taking taxable acres times the final price bid per acre.
DOWN PAYMENT: 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will sign a purchase agreement at the auction site immediately following the close of bidding. The final bid price is subject to the Seller’s approval. Such approval shall occur at the auction on auction day.
CLOSING: Closing shall occur within approximately 30 days after auction day and in accordance with the specific terms of the Agreement to Purchase. Possession shall be given at closing, subject to the remaining rights of the current tenant(s) for crop year 2009. Full farming rights will be given March, 1, 2010. Real Estate Taxes will be prorated to date of closing. The closing will be handled by Dale Smith Attorney, 423 Evans St., Sloan, Iowa 51055, and Ph: 712-428-3822.