August 23, 2008 - 37 Acres of Lyon County, IA Farmland & Acreage

UPCOMING ACREAGE AND LYON CO. FARMLAND AT AUCTION SOLD IN 3 TRACTS

SELLING WILL BE AN APPROX. 3 ACRE ACREAGE SITE AND APPROX. 37+/–ACRES OF LYON COUNTY, IA FARMLAND LOCATED NORTHEAST OF INWOOD, IA

SATURDAY AUGUST 23, 2008

SALE TIME: 10:30 A.M.

LOCATION: 2067 230^TH St. Inwood, IA or from Mickels Corner in Inwood, IA go 2 miles East on 240^th St./Blacktop A-42 and then 1 mile North on Coolidge Ave. and then approx. 3/4 mile East on 230^th St.

AUCTIONEERS NOTE: As the Kooimas are retiring and moving into town, they will be offering at Public Auction this very attractive acreage site which includes a Ranch style home, an established grove, an approx 250 hd open front hog finishing building and misc. other buildings. This acreage is located Northeast of Inwood, IA. Make plans today to attend this auction.

LEGAL DESCRIPTION OF TRACT 1: Approx. 3 acre +/– surveyed acreage site located in Lot 1 in the NE ¼ of Section 15, Richland Township, Township 98 North, Range 47 West of the 5^th P.M. as shown by the plat recorded in Platbook 4 at page 88 in the office of the Recorder of Lyon County, IA subject to Public roads and easements of record, to contain approximately 3 acres. Buyer agrees to purchase  surveyed acres.

GENERAL DESCRIPTION: This attractive 1750 sq ft Ranch style home boasts a nice open floor plan perfect for a family of any size. This home has a large kitchen/dining area w/Oak cabinets, large living room w/built in entertainment center, 3 bedrooms on the main floor, large main floor laundry room w/office. The home was built in 1973 and includes a propane forced air furnace and central air. The home is on Lyon Sioux Rural Water and Lyon Rural electric. This acreage is in the West Lyon School district. The outbuildings include a 16 x 96 hog finishing unit w/6 pens with income potential and a 26 x 40 granary.  The acreage also has well water available and is in use.

LEGAL DESCRIPTION OF TRACT 2: Approximately 37 acres+/– located in Lot 1 in the NE ¼ of Section 15, Township 98 North, Range 47 West of the 5^th P.M. as shown by the plat recorded in Platbook 4 at page 88 in the office of the Recorder of Lyon County, IA subject to Public roads and easements of record, to contain approximately 37 acres, excluding acreage site. Buyer agrees to purchase surveyed acres.

GENERAL DESCRIPTION OF TRACT 2: This highly productive piece of farmland has an average corn suitability rating of approx 60. The predominant soil types include 410B2—Moody Silty clay loam and a small portion of 430—Ackmore Silty clay loam. According to the Lyon County FSA, the farm contains approximately 35.8 tillable acres and has a corn base of 34.4 acres with a direct yield of 104 and a cc yield of 104. The farm is classified as non-hel. This very well maintained tract of farmland appears to be in a good state of productivity and would make an excellent opportunity to add to your current operation or a great investment. The topography of the farm is level to very gently rolling. Don’t miss this opportunity !! Also included with the purchase of this tract of farmland is a 25,000 bu grain bin with aeration fan (no stirrator and no separator) and also a stave silo. It will be the buyers responsibility to separate the electric meter for the bin from the current acreage site. Possession of the bin and silo will be the day of Auction.

TRACT 3: A combination of Tract 1 and 2.

OPEN HOUSE: Open house will be held on the acreage on Saturday August 2, 2008 from 10:30 A.M. to 1:30 P.M. and also on Thursday August 7, 2008 from 5:30 P.M. TO 7:30 P.M. or by appointment by contacting one of the auctioneers listed below.

METHOD OF SALE: Offered first will be Tract 1 then Tract 2 and then Tract 3 which will be a combination of Tract 1 and 2. Tracts will be sold in the method of highest value. If acreage site and farmland are sold separately seller will pay for abstracting and survey costs will be split 50/50 between buyers and seller.  

TAXES: According to the Lyon County Treasurer, the total current Real Estate taxes on Tracts 1 and 2 is $1660.00 per year. Taxes will be pro-rated to day of closing.

POSSESSION:  Possession of the acreage site if sold separately from the farmland will be on or before October 31, 2008. If acreage and farmland are sold as a unit, possession of acreage site will be December 30, 2008.  The possession of the farmland will be March 1, 2009

 TERMS: The buyer will agree to enter into purchase agreement with these terms. A 10% down non–refundable payment will be due on the acreage site immediately following the auction. The remaining balance will be due and payable on the acreage site on closing day October 31, 2008 –if acreage site is sold separately from the farmland at which time a clear and merchantable title will be given to the buyer(s). If the farmland is sold separately or if farmland and acreage are sold as a unit the terms will be as follows:  10% down day of auction and 40% due on December 30, 2008 and the remaining 50% will be due on January 2, 2009 The home/acreage are being sold as is where is with all defects and no warranties expressed or implied. Although all information is deemed reliable all buyer(s) are encouraged to inspect the property and verify any information. The Sale is subject to the confirmation of the sellers. Paul Kippley will be attorney for the sellers.  Auctioneers are representing the sellers in this transaction.  Any announcements made day of auction will supersede any advertising

See our website–www.vanzomrealtyauction.com for pics

SEBERTUS AND ROZENDA KOOIMA—OWNERS

AUCTIONEERS AND RE BROKERS

MARK ZOMER—712-470-2526      MIKE BOMGAARS—SALES-712-753-2244

DARRELL VANDE VEGTE-712-726-3428    GARY VANDEN BERG—SALES-712-476-5843