Sold

Dec. 17-2013-121.57 acres of Garfield Twp, Sioux County, IA Farmland-Esther Vander Lugt Estate -owners-sold for $6200.00 per acre

Live Auction

Auction Date: December 17, 2013 - 10:00 am

Hudson, SD 57034, USA

Rock Valley

Sioux County

121.57 Acres Garfield Twp, Sioux County, IA Farmland at Public Auction

Tuesday December 17, 2013- Sale time: 10:30 A.M.

Location: From Pump n Pak in Rock Valley, IA. go 5 miles South on Elmwood Ave./Blktop K-30 to Blktop B-30/360^th St. then go 5 ½ miles West. Land in located on the North side of 360^th St.

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

This farm is available to farm in 2014

“Your Farmland Specialists”

zomerauctions.com

Auctioneers note:Our firm is honored to conduct the auction of this property that has been in the Vander Lugt Family for many years. This tract of land offers many opportunities. Make plans today to add this farm to your investment portfolio. Note: This land has the possibility to be tillable farmland

Abbreviated Legal Description: Parcel D in the NW ¼ of Section 16, Twp 96N, Range 47W of the 5^th P.M. Sioux County, IA. except Parcel A, Parcel B and Parcel C–subject to public roads and Hwy and any Rural Water easements and environmental protection easement, Rural Water access easements, Sioux County easement on south side of the blacktop B-30 and any other easements of record.

General Description: This tract of farmland contains 121.57+–gross acres. This tract of farmland has approx. 114.54 tillable acres which currently is all enrolled in CRP as follows: 86.4 acres is enrolled until 9-30-2015 and receives an annual payment of $10,501.00 and 28.1 acres is enrolled until 9-30-2019 which has an annual payment of $3,924.00.

This farm is enrolled in CRP. Buyer will have the right if desired to have the estate terminate this CRP contract prior to December 20, 2013. Buyer(s) must notify seller in writing by December 20, 2013 if buyers desire the estate to terminate CRP contract. If buyers desire to continue CRP contract buyer must also notify Seller in writing by December 20, 2013.If buyer does not notify Sellers in writing By December 20, 2013 to terminate or continue current CRP contract, the CRP contract will automatically be terminated. This farm is available to farm in 2014

Sellers will receive the CRP payment for 2013. The predominant soil types include: 108, 108B-Wadena, 308-Wadena, 485-Spillville, 486-Davis, 72D 2, 72B-Estherville and 78C2-Sac. The topography of this farm is nearly level. This farm is classified as non-hel. This farm has a CSR rating of 51.1. This farm prior to CRP was in crop production.

This farm has an environmental protection easement due to Rural Water Wells located on the property adjoining this property. For details on this easement and well setbacks contact the auctioneers.

If you are looking for some Sioux County, IA farmland or hay land to add to your current operation or for recreation opportunities –make plans today to attend.

Note –This farm can be converted back to farmland, pastureland, hay land or recreational property or buyer can leave current CRP contracts in effect until they expire see above.

Taxes: According to the Sioux County Treasurer, Current Real Estate Taxes are $2,014.00 per year. Seller will pay the 2013 taxes which are payable in the spring and fall installments of 2014.

Method of sale: This tract will be offered as a 121.57 surveyed acre tract.

Possession: Possession will be upon closing. Subject to current CRP contract.

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 January 24, 2014 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 subject to all easements. 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. The sale is subject to court approval for the estate. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers.

Esther Vander Lugt Estate-owners

Don Klein –attorney for sellers