November 14, 2012 - 151.01 Acres of Lyon County, IA Farmland

Farmland at Auction

151.01 Acres of Lyon County, IA. Rock Twp. Farmland

Wednesday, November 14, 2012

Sale time: 10:30 A.M.

Location: from Premier Bank in Rock Rapids, IA. go 3 miles south (on Hwy 75) then ½ mile west on 180^th St. or Blacktop A-26

Land will be sold at site of land. Auction signs will be posted!

Auctioneers: We are honored to have been asked and appreciate the opportunity to offer at public auction this tract of farmland for the Olson Family. This attractive piece of farmland has been in this family for many years and represents a once in a lifetime opportunity. This piece of farmland would make an excellent addition to anyone’s current farming operation or would make a great investment! Make plans today to attend.

Legal Description: The NW ¼ except Lot 1 in Section 20, Twp 99N, Range 45W of the 5^th P.M. Rock Twp., Lyon County, IA. subject to public roads and easements of record.

General Description: This highly productive high quality 151.01 acres tract of farmland has according to the Lyon County FSA approx. 145.3 acres of tillable land with the balance in short Creek, road and ditch. The land has a corn base of 83.7 acres with a direct and cc yield of 113 bu. There is a soybean base of 59.7 acres with a direct and cc yield of 40bu. The predominant soil types include: 410B, 410B2, 410C2, 890B, 890B2, 890C2-Moody, 910, 910B-Trent, 92-Marcus, 430-Ackmore and 411B-Egan. This farm has an average CSR rating of 63.6. The land is classified as non-hel and is enrolled in the acre program.

Taxes: The current real estate taxes according to the Lyon County Treasurer are approx. $3646.00 per year. Sellers will pay real estate taxes through the fiscal year ending June 30, 2012 and taxes payable in Sept. 2013 for taxes through Dec. 31, 2012.

Method of sale: This tract of farmland will be offered as a 151.01 acre tract of farmland.

Possession: Possession will be March 1, 2013 due to current lease.

Terms:  Purchaser(s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 19, 2012 when the buyer shall receive a clear and merchantable title to the property. The farm is being sold as is as a cash sale with no finance contingencies. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all the data provided. Any announcements made the day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is being sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers.

www.vanzomrealtyauction.com

The Olson family -owners

Auctioneers and RE Brokers

Darrell Vande Vegte-712-726-3428   

Mark Zomer-712-470-2526   Gary Van Den Berg-sales-712-470-2068