November 18, 2022 10:30 am

Live Onsite Public Farmland Auction Of 55+/- Acres Of Farmland In Sioux County, IA

Owners: Schreur Family

From the intersection of US HWY 75 and US HWY 18 West of Hull, IA  (Perkins Corner) go South on US HWY 75 for 1 mile to 330th St. then go 1 3/4 Mile West on 330th St. to the farm. Farm is located North of 330th St.

Upcoming Live Public Auction Of Excellent Lincoln TWP, Sioux County, IA Farmland

This Farmland Auction Will Consist Of 55+/- Acres Of Lincoln TWP, Sioux County, IA Farmland!

This Is An Inside Tract Of High Quality Farmland!

This Farm Has A CSR2 Rating Of 91.9!

Location:  From the intersection of US HWY 75 and US HWY 18 West of Hull, IA  (Perkins Corner) go South on US HWY 75 for 1 mile to 330th St. then go 1 3/4 Mile West on 330th St. to the farm. Farm is located North of 330th St. Signs will be posted! Auction Will Be Held At The Site Of The Farmland.

November 18, 2022 @ 10:30 A.M.

Auctioneers’ Note: We are honored to represent the Schreur family in offering this property for sale at public auction! This is an inside tract of farmland which is nearly 100% tillable! If you are looking to purchase a quality tract of Sioux County, IA farmland be sure to take a look at this farm! Call an auctioneer today to receive a full informational packet!

Abbreviated Legal Description: The East 57.5 acres of the West 1/2 and the West 3/4 of the East 1/2 of the Fractional Southwest 1/4 in Section 31, TWP 97N, Range 45W, Sioux County, IA EXCEPTING Summit Carbon Solutions Tract therein in the SE corner of said tract. Subject to all easements and public roads of record and subject to pipeline & construction easement with Summit Carbon Solutions. TO BE SURVEYED.

General Description: According to the Sioux County assessor, this property contains 55+/- gross acres. According to FSA/Agri Data, this farm contains approx. 55+/- tillable acres with the balance in road/ditch. This farm is an inside tract of farmland! This farm has a corn base of 31.69 acres with a PLC yield of 158bu. and a soybean base of 24.41 acres with a PLC yield of 47bu. This farm is classified as NHEL. The predominant soil types include: 310, B, B2-Galva, 91, B-Primghar, 31-Afton, 92-Marcus. The average CSR1 is 68.1. The average CSR2 is 91.9. The owners of this farm have entered into an agreement with Summit Carbon Solutions to grant a pipeline easement/construction easement across this property and to also sell Summit Carbon Solutions an approx. 3+/- acre tract to be surveyed in the SE corner of this property for a Pump Station. This 3+/- acre parcel will be surveyed as a separate parcel and is not included in the acres being sold. The buyer of this property will be required to honor this agreement and the buyer of the property will receive the crop damage payment which has been paid by Summit Carbon Solutions to the sellers for crop damage. This property will be surveyed and the final purchase price at closing will be based on the final gross surveyed acres. Buyer shall be responsible for any driveway work which is needed. This is a fantastic inside tract of farmland!  If you are looking to purchase a powerful tract of Sioux County, IA farmland then your search is over! This farm is one you can be proud to own! Farmers & Investors do not miss this opportunity!

Method of sale: Auction will be held at the site of the farmland.  Farmland will be sold with the final bid price x the final gross surveyed acres. This farm will be surveyed and sold based on surveyed acres.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $1,712.00 per year. Seller will pay the 2022 taxes which are due and payable in March and Sept of 2023.

Possession: Full possession will be on March 1, 2023. This land is available to farm for the 2023 crop year.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before December 20, 2022. Buyer shall receive a clear and merchantable title to the property on closing day. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. 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 data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All buyers are encouraged to do buyer’s due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. De Koster & De Koster PLLC—Attorney for sellers.