October 29, 2010 - 160 Acres of Lyon County, IA Farmland & Acreage -

160 acres Prime Lyon County Farmland at Auction with acreage site located in Dale Twp.

(Approx. 71.8 CSR rating)

Friday October 29, 2010

Sale time: 10:30 AM

Location: From Jurrens funeral home in George, IA. go 1 mile East on Blk A-34/210^th St. to Kingbird Ave. then go 1 mile South to 220^th St. then go approx. ½ mile East to beginning of land.

Auction to be held at site of land

Auctioneers note: We are honored to conduct this auction for the Mastbergen family. This is one of the choicest farms in Lyon County, IA. This farm has a CSR rating of 71.8. This farm has been in the Mastbergen family for many years and is truly a once in a lifetime opportunity. Auction signs will be posted!!

Legal Description: The NE ¼ of Section 7 and that part of the SE 1/4 of Section 6 beginning at the SW corner of said Quarter Section 46 1/2 ft wide and extending along the South side of said Quarter Section 6, and tapering to nothing at the East end of the said SE 1/4 of Section 6, all in Twp 98N, Range 43W of the 5th P.M., Lyon County, Iowa, lying South of the Lyon County Secondary road. Subject to public roads and easements of record. (Dale Twp)

General Description: According to the Lyon County Assessor, this tract of land contains 160 gross acres. According to the Lyon County FSA, this tract contains 152 tillable acres. This farm is classified as non-hel. The predominant soil types of this farm include: 310B and 310B2-Galva silty clay loam, 91-Primghar silty clay loam, 92-Marcus silty clay loam and 430-Ackmore silty clay loam. This farm has an average CSR rating of 71.8. This farm has had several  thousand ft of tile installed. This farm has a corn base of 74.6 acres with a direct yield of 140 bu and a cc yield of 145 bu. This farm has a soybean base of 77 acres with a direct yield of 36 bu and a cc yield of 43 bu. This farm is very well maintained. This farm is not enrolled in the acre program. Also, sold with this tract will be the acreage site which includes an approximate 1840 sq ft 2 story possible 5 bedroom home with a single attached garage. This home has a partial basement and propane forced air furnace. The home is on Rural Water. The propane tank is a rental. If buyer desires to keep home on the property as a residence it will be the buyers responsibility to have the septic system updated to County requirements. If you are looking for a prime farm in Lyon County, IA. , make plans today to attend this auction. This is one you will not want to miss.

Open house: on acreage site will be Saturday October 16, 2010 from 12:30 to 2:30 PM or by appointment by contacting one of the agents listed below.

Method of sale: This tract of land will be offered as a 160 acre tract with building site.

Taxes: According to the Lyon County treasurer, the current real estate taxes are $4894 per year. Seller will pay the 32010 taxes due and payable in the Spring and Fall of 2011.      

Possession: Possession on farmland will be given on March 1, 2011 due to current farm lease. Possession on acreage site will be given on closing day December 28, 2010

 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 December 28, 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.

M. R. Austin –attorney for seller

ARIE AND MILDRED MASTBERGEN HEIR—OWNER

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