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Wilbur Hulstein Estate

Friday, December 14, 2018  |  10:00 AM Central
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Description:

Auction to be held at the Ridge Golf Club House, 2595 Ridge Rd, Sioux Center, IA 51250 Property is located at the corner of Fir Ave and 410th St, Sioux Center, IA.
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METHOD OF SALE

METHOD OF SALE

Lot # 0 (Sale Order: 1 of 2)      

METHOD OF SALE: This farm will be sold as 1 (one) unit with the final bid being multiplied by 157.12 acres.

WHEN PLACING A BID ON THIS FARM IN LOT 1, THE BID WILL BE ON A PER ACRE BASIS WITH THE FINAL BID MULTIPLIED BY 157.12 ACRES.


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157.12 Acre Tract of Farmland

157.12 Acre Tract of Farmland

Lot # 1 (Sale Order: 2 of 2)      

This farm is located at the intersection of 410th St, and Fir Ave, west of Sioux Center, IA. The current FSA records indicate 154.24 cropland acres with a corn base of 99.6 acres and a PLC yield of 181bu/acre. There is also a soybean base of 54.6 acres with a PLC yield of 53bu/acre. The CSR II (corn suitability rating) for this farm is 90.1 and the CSR I is 63.2. Predominant soil types are Galva with smaller amounts of Radford-Judson soils and the farm is classified Non-HEL (non-highly erodible) and is enrolled in the farm program. The current farming practice includes contour farming with farmable terraces, and has been well maintained and is in excellent state of productivity. No wet land determinations have been completed. This farm will be sold as 1 (one) unit with the final bid being multiplied by 157.12 acres.


REAL ESTATE TAXES: Seller will pay all real estate taxes which would become delinquent if not paid by September 30, 2019, as well as all prior taxes. The current net real estate taxes are $5,152 per year.

TERMS: Non-refundable, 15% down-payment the day of auction, with balance due on or before February 1, 2019. Current lease has been terminated. This farm is offered as a cash transaction and NOT subject to any financing contingencies. Seller will continue the abstract to date and provide clear and marketable title. Buyers will be required to execute a written agreement specifying these terms the day of the auction. A late charge will apply should Buyer delay the closing. This sale is subject to the Seller's confirmation.


POSSESSION: Possession will be granted at closing February 1, 2019.
 
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Sold for: USD 15,400.00

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