Name 79 Acres Farmland Sioux County
Auctioneer DreamDirt Farm and Ranch Real Estate, LLC.
Type Online-Only Auction
Date(s) 1/25/2018
1/25/18 at 10:00 AM CST
Preview Date/Time Please call Jason Smith 712-592-8965
Checkout Date/Time 1/25/18
Location Prairie Winds Event Center 908 8th St
Orange City, IA 51041
Buyer Premium Online bidders see Terms
Description
This will be a live auction with online bidding available for absentee bidders. Agent Comments This farm is the most spectacular piece of real estate I have ever had the opportunity to represent. This a farm that holds great potential as an farmland investment with future development potential. The farm lies between Orange City and Alton Iowa which are only seperated by 1 mile. New developement has been compelted to within 1350 feet of the Orange City (western) side of the farm and 1465 feet on the Alton (eastern) side. These vibrant thriving communities in Northwest Iowa continue to grow and offer a high quality of life. The farm is along Puddle Jumper Trail which is a trail connecting the two communities. This trail offers biking, jogging and cross country skiiing in the winter along with a seperate bridle path for horses along side of it. The path makes the industrial areas, entertainment, food, major local employeers and airport to the south side of Orange City and Northwestern College easily accessible from all points east of there and puts you within 7 blocks of downtown Orange City. The farm itself is an impressive 91.1 CSR2 making it a very high quality productive farm located close to local markets with good access to paved roads. This farm offers an outstanding combination of features to make it worthy of consideration of a wide range of investors and investment minded producers. Inventory You will be bidding on the FSA Cropland Acres of 78.19 Sale Method High bid plus 2% of the high bid equals the purchase price. 5% of the purchase price will be due the day of the auction. Home Description There are no homes on this property. Building Description There are no buildings on this farm Legal Description The S 1/2 of the NW 1/4 of Section 3 Nassau Township Sioux County except 1.4 acres in the NW corner of the parcel Possession You will get landlord possession at closing. Tenancy termination will be served with the closing. You will get full possession March 1, 2019. Buyer will get 2018 rents which will be $300 per tillable acre. Closing Closing will be held on March 1, 2018 FSA Information Farmland 78.68 acres, Cropland 78.19 Acres, Corn Base 38.45, Bean Base 38.45 Soil Productivity 91.1 CSR2 Earnest Money 5% the day of the auction with balance due at closing Farm Lease There is a lease on the farm for 2018. Buyer will get all rents for 2018.
Earnest Money 5% the day of the auction with balance due at closing Farm Lease There is a lease on the farm for 2018. Buyer will get all rents for 2018.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium Online bidders see Terms
Payment Terms
Earnest Money 5% the day of the auction with balance due at closing