November 9, 2010 - 72.3 Acres of Lyon County, IA Farmland

PRIME LYON COUNTY FARMLAND AUCTION

Of 72.3+/– Acres in Wheeler Township-

sold in 2 tracts

Tuesday November 9, 2010

SALE TIME: 10:30 A.M.

Location: from Jurrens funeral home in George, IA. go approx. 2 miles South on Blk Top L-14/Kennedy Ave. to 240^th St. then go West approx. ½ mile to beginning of Tract 1.

**AUCTION WILL BE HELD AT SITE OF LAND**

Auction signs will be posted !!

Auctioneers note: We are honored to have been asked to conduct this auction for the Habbinga Family Estate. This high quality piece of farmland offers many opportunities for anyone to add to their current operation or to be purchased as a great investment as this tract of farmland has been in the Habbinga family for many years!! Plan to see us sale day!! Thank You!!

Abbreviated Legal Description of tract 1: Parcel A in the NW ¼ of Section 23, Twp 98N, Range 44W of the 5^th P.M., Lyon County, Iowa as shown by the plat recorded in Plat book 8 at page 7—except a tract of land in Parcel A in the NW ¼ of Section 23, Twp 98N, Range 44W described as follows: Beginning at the SW corner of Parcel A in the said NW ¼ thence N 320’ thence E 681’ thence S 320’ thence W 681’ to the point of beginning, subject to any public roads and easements of record. Containing 52.13 acres.

General Description: 

Tract 1: This tract contains 52.13+/– gross acres. This farm according to the Lyon County FSA contains 49.42 tillable acres with the balance in road and ditch. The predominant soil types of this farm include: 878, 878B—Ocheydan loam, 174B-Bolan loam, 91B-Primghar silty clay loam and 577B-Everly clay loam. The average corn suitability rating on this tract is 56.1. This farm is classified as non-hel. This farm has been tiled. This farm has a corn base of 33.9 acres with a direct yield of 104 bu and a cc yield of 133 bu and a soybean base of 25.1 acres with a direct yield of 34 and a cc yield of 40 bu. These bases are combined with tract 2. This farm is not enrolled in the acre program. The topography of this land is nearly level and would make a great addition to anyone’s farming operation.

Abbreviated Legal Description of Tract 2: Parcel C in the NW ¼ of Section 23, Twp 98N, Range 44W of the 5^th P.M., Lyon County, Iowa except the East 24 acres—subject to public roads and easements of record.

General Description:

Tract 2: This tract of land contains approximately 20.17 gross acres. This farm according to the Lyon County FSA contains approximately 20 tillable acres with the balance in road and ditch. The predominant soil types of this tract include: 878B-Ocheydan loam, 174B-Bolan loam and a small portion of 28B-Dickman. The average corn suitability rating is 53.3. The corn and soybean base are combined with tract 1. The topography of the tract is level to gently rolling. A smaller parcel such as this is hard to find, so make plans today to attend.

Method of Sale: Tract 1 will be offered as 52.13 acres +/– and the bid held, then Tract 2-20.17+/–acres and the bid held. Then Tract 3 which will be a combination of Tracts 1 & 2. The land will be sold in the method which attains the highest value. If buyers desire boundaries to be verified, seller will pay for boundary survey. A new field driveway installation for access to either parcel will be the responsibility of the buyer(s)

Taxes: According to the Lyon County Treasurer, the current Real Estate Taxes are approximately $812.00 per year on Tract 1, $294.00 on Tract 2. Seller will pay the 2010 taxes due and payable in the Spring and Fall installments of 2011. 

Possession: Possession of the farmland will be March 1, 2011 due to current farm lease.

Terms for all tracts:  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 December 29, 2010, 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 sold subject to the confirmation of the sellers. If any additional information is requested please contact the agents listed below. Vande Vegte and Zomer Realty and Auction Inc.  and Otter Valley are agents for the sellers.

www.vanzomrealtyauction.com

M. R. Austin—sellers attorney

KATHRYN HABBINGA ESTATE—OWNERS

Auctioneers and RE brokers

Mark Zomer—712-470-2526         Tim De Bruin—712-475-3325

Darrell Vande Vegte—712-726-3428      Gary Van Den Berg-sales-712-476-5843