Franklin County, IA Land Auction - Brocka
Monday, June 20, 2022 | 10:00 AM Central
Auction closed.
Franklin County, IA Land Auction - Brocka
Monday, June 20, 2022 | 10:00 AM Central
Auction closed.
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See Special Terms for additional fees
See Special Terms for additional fees
Description
232.33 Surveyed Acres • 2 Tracts
Investors looking to add to your portfolio or farmers looking to add to your operation, mark your calendars now for this upcoming Franklin County, Iowa land auction. These high quality tracts offer productive Readlyn, Kenyon and Tripoli soils, Tract 1 boasts a CSR2 of 87.3 and Tract 2 features a CSR2 of 88.2! Both Tracts are improved with a large amount of field drainage tile. We look forward to your participation in this outstanding northern Iowa land auction.
The Brocka land is located in Section 36, West Fork Township, Franklin County, Iowa. (5 miles northwest of Dumont, IA near the small town of Aredale, IA or 16 miles northeast of Hampton, IA)
MANAGED BY
Jim Huff (319) 931-9292
Dan Sullivan (844) 847-2161
Investors looking to add to your portfolio or farmers looking to add to your operation, mark your calendars now for this upcoming Franklin County, Iowa land auction. These high quality tracts offer productive Readlyn, Kenyon and Tripoli soils, Tract 1 boasts a CSR2 of 87.3 and Tract 2 features a CSR2 of 88.2! Both Tracts are improved with a large amount of field drainage tile. We look forward to your participation in this outstanding northern Iowa land auction.
The Brocka land is located in Section 36, West Fork Township, Franklin County, Iowa. (5 miles northwest of Dumont, IA near the small town of Aredale, IA or 16 miles northeast of Hampton, IA)
MANAGED BY
Jim Huff (319) 931-9292
Dan Sullivan (844) 847-2161
Method & Terms
Lot # 0 (Sale Order: 1 of 3)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1 & 2.
The Brocka farm will be sold on a price per acre basis, based on a survey that is currently in progress. Both tracts will be offered through the marketing method of "Buyers Choice", whereas the high bidder can elect either or both tracts for their high bid. If the high bidder elects only one of the tracts, then the remaining tract will be sold. The tracts will NOT be offered together at the conclusion of the auction. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection.
Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Wednesday, July 20, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession on both tracts will be given at the time of closing subject to a lease with the current tenant for the 2022 crop year. Buyer(s) will receive 50% of the cash rent as a credit at closing. For complete details, contact the auction company.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate is being sold "As Is".
CLICK HERE TO VIEW TILE MAP
CLICK HERE TO VIEW TRACT 1 SURVEY PLAT
CLICK HERE TO VIEW TRACT 2 SURVEY PLAT
CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACTS 1 & 2 PURCHASE AGREEMENT - COMBINED
Gordon Brocka Estate
Marietta Brocka Residuary Trust
Teresa Peterson & Stacy Brocka - Co-Executors & Co-Trustees
Representing Attorney:
Patrick G. Vickers
Vickers Law Office
118 1st St.
Greene, IA 50636
Phone: (641) 823-4192
Auction Manager:
Jim Huff (319) 931-9292
Dan Sullivan (844) 847-2161
Tract 1 - 115.42 Surveyed Acres
Lot # 1 (Sale Order: 2 of 3)
Quantity: 115
- FSA information indicates 113.21 acres of tillable cropland.
- Highly productive Readlyn, Clyde & Tripoli soils.
- CSR2 is 87.3!
- This tract is improved with a large amount of field drainage tile.
- Access is on the east by Franklin Ave.
- Estimated Real Estate Taxes: $4,666.00
The purchase agreement will be adjusted to a quantity of 115.42 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
$19,200.00 x 115 = $2,208,000.00 Total
Tract 2 - 116.91 Surveyed Acres
Lot # 2 (Sale Order: 3 of 3)
Quantity: 117
- FSA information indicates 112.64 acres of tillable cropland.
- Highly productive Kenyon, Floyd & Tripoli soils.
- CSR2 is 88.2!
- This tract is improved with a large amount of field drainage tile.
- Access is on the east by Franklin Ave. & on the south by 200th St.
- Estimated Real Estate Taxes: $4,667.00
The purchase agreement will be adjusted to a quantity of 116.91 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
$19,200.00 x 117 = $2,246,400.00 Total