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METHOD & TERMS Lot #0 (Sale Order 1 of 4) This lot is informational. Place your actual bid on Lot #1 AND/OR Lot #2 AND/OR Lot #3
The Gratias Farm will be sold as 3 tracts as a multiplier of 156 and 78 and 40 cropland acres times the money per acre bid. Bidding is not contingent upon financing. Total dollar amount will be of purchase price will be included on purchase agreement.
$40,000 per tract due on the day of sale with the balance due in approximately 30 days, on or before August 31, 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. Full possession will be given at the time of closing subject to the rights of the tenant in possession. Farm is leased for 2022 crop season. Seller will retain any rents.
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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".
Seller: Alice N. Gratias Trust
Seller Attorney: Gerald M. Stambaugh, Mason City, IA
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Parcel Information Tract 1 Lot #1 (Sale Order 2 of 4) This auction Tract 1 features 156+/- acres of land located in Section 17, Cedar 'W' Township, Mitchell County, Iowa.
Gross Acres: 156.1+/-
FSA Cropland Acres: 155.0+/-
CSR2 90.3 +/-
Estimated Property Taxes $4418
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$17,100.00 x 156 = $2,667,600.00 Total
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Parcel Information Tract 2 Lot #2 (Sale Order 3 of 4) This auction Tract 2 features 78+/- acres of land located in Section 10, Rock Grove Township, Floyd County, Iowa.
Gross Acres: 77.9+/-
FSA Cropland Acres: 75.5+/-
CSR2 85.1 +/-
Estimated Property Taxes $2224
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$14,700.00 x 78 = $1,146,600.00 Total
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Parcel Information Tract 3 Lot #3 (Sale Order 4 of 4) This auction Tract 3 features 40+/- acres of land located in Section 28, Rock Grove Township, Floyd County, Iowa.
Gross Acres: 39.8+/-
FSA Cropland Acres: 38.2+/-
CSR2 83.6 +/-
Estimated Property Taxes $1074
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$10,400.00 x 40 = $416,000.00 Total
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