The Elmer Ray Prebe Trust

The Elmer Ray Prebe Trust

Friday, March 3, 2023  |  6:00 PM Central
Auction closed.
The Elmer Ray Prebe Trust

The Elmer Ray Prebe Trust

Friday, March 3, 2023  |  6:00 PM Central
Auction closed.
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Description

Peoples Land Company


(660) 651-6501
Catalog Terms of sale
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Terms and Conditions

Lot # A (Sale Order: 1 of 7)      

The farm will be split into 6 tracts. Tracts 1-5 will be offered at the Buyer’s Choice Method of auction. Tract 6 with the home and outbuildings will sell last as a lum...morep sum money after the sale of Tracts 1-5. The tracts will not be tied back together in any form or fashion and will remain assigned to the winning bidder. The farm will sell subject to Seller confirmation. Tract 5 will sell with a sewer easement from tract 6. The title work is being handled by Kirksville Land Title Co. and a preliminary title search has been done. For copies of the Title Commitment, please contact the auction company. The farm is being offered live at public auction with internet bidding available through ProxiBid. All online bidders must be approved through the auction company prior to sale day. A nonrefundable 10% of bid price will be due the day of the sale with the balance due at closing. The sale is not contingent upon financing or inspections. Closing will be held on or before April 4th, 2023 with Kirksville Land Title Co. Title insurance will be provided by the seller. Closing costs and cost to conduct closing will be shared by buyer and seller 50/50. Buyer to pay all recording fees. Taxes will be prorated for the 2023 calendar year. The home is being sold “As Is”. For a personal showing, please contact the Auction Company to arrange a date and time that is suitable. Buyer may start farming prior to closing with a bank letter of finance and proof of insurance. Buyer to assume and comply with all CRP contracts. All boundaries and acres on maps are thought to be accurate but are not exact. All announcements on sale day take precedence over any advertising.

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Tract 1; 90.57 Acres

Lot # 1 (Sale Order: 2 of 7)      

Quantity: 92

Tract 1: 90.57 acres • 32 tillable • 20 CRP expires 2027 paying $134/ac • 12 CRP expires 2027 paying $139/ac • 10 CRP expires 2033 paying $137/ac • 15 acres Timber ...more 90.57 will be the multiplier

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Bid Accepted!

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Sold for: USD 3,600.00
$3,600.00 x 92 = $331,200.00
Total Bid: USD 331,200.00

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$3,600.00 x 92 = $331,200.00 Total

Tract 2: 44.79 Acres

Lot # 2 (Sale Order: 3 of 7)      

Quantity: 45

Tract 2: 44.79 acres • 28 tillable • 12 CRP expires 2027 $134/ac • 1.3 CRP expires 2033 $137 44.79 will be the multiplier...more

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Sold for: USD 5,000.00
$5,000.00 x 45 = $225,000.00
Total Bid: USD 225,000.00

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$5,000.00 x 45 = $225,000.00 Total

Tract 3: 151.64 acres

Lot # 3 (Sale Order: 4 of 7)      

Quantity: 152

Tract 3: 151.64 acres •113 tillable • 23 hay • 6.6 CRP expires 2032 paying $139/ac 151.64 is the multiplier ...more

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Sold for: USD 7,700.00
$7,700.00 x 152 = $1,170,400.00
Total Bid: USD 1,170,400.00

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$7,700.00 x 152 = $1,170,400.00 Total

Tract 4: 34.68 Acres

Lot # 4 (Sale Order: 5 of 7)      

Quantity: 35

Tract 4: 34.68 acres • 28 grass • 2 ponds • hwy T frontage 34.68 will be the multiplier...more

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Bid Accepted!

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Sold for: USD 5,000.00
$5,000.00 x 35 = $175,000.00
Total Bid: USD 175,000.00

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$5,000.00 x 35 = $175,000.00 Total

Tract 5: 39.34 Acres

Lot # 5 (Sale Order: 6 of 7)      

Quantity: 39

Tract 5: 39.34 acres • 35 grass • 2 ponds • hwy T frontage 39.34 will be the multiplier...more

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Sold for: USD 4,650.00
$4,650.00 x 39 = $181,350.00
Total Bid: USD 181,350.00

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$4,650.00 x 39 = $181,350.00 Total

Tract 6: 9.01 Acres

Lot # 6 (Sale Order: 7 of 7)      

Tract 6: 9.01 acres • 1974 Home approximately 3060 sq ft • 3 bed, 2.5 bath, second kitchen • 1- 42’x72’ pole barn 1976 cement throughout • 1- 46’x73’ pole barn 1985 ...more • 2- 21x18 grain bin • 1- 15x7 grain bin This tract will be sold as “one money, lump sum” at the conclusion of the sale of tracts 1-5.

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Sold for: USD 242,000.00

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1.174.2-46d62b8.1694537514.89222.104.204