CLARKE CO. 573A M/L FOUR TRACTS – AUCTION
- Auction
Auction Date: August 15, 2024 10:00 am
- August 15, 2024 10:00 am
Property Documents
Details
- Land Area 573 m/l Total Acres
- Property Status Sold
- Property Type Auction
- Auction Time August 15, 2024 10:00 am CDT
- Auction Address 2070 W Mclane St, Osceola, IA 50213
- Auction City/State Osceola, IA
- County Clarke County, Iowa
Lat/Long: 42.025131030118,-93.611395089519,15
Description
LIVE & ONLINE ONLY AUCTION
Auction begins Thursday August 15th, 2024 @ 10 AM
at the Clarke Co. Fairgrounds 2070 W Mclane St, Osceola, IA
4 excellent seperate tracts 6 miles SE of Osceola. Great mix of pasture and recreational land. Excellent hunting opportunties with mature timber.
Tract 1 – 278 acres m/l
278 acres, m/l with open pasture, timber and a 40โx 80โ open front building that was built in 1980. There is approximately 80 acres of timber and other patches of cedar trees. There is a pond just NW of the building and a creek flowing through the property. There is a pond N of the building with two ponds near the SW end, and a creek flowing through the property. There are two gates on the W road and one ย in the SW corner of the level B road. The north portion has a regular gravel road but the south portion is level B. This is a good pasture and is a great recreational site with excellent deer and turkey hunting.
Taxes: $3,300 approx. ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย S-T-R: 09-71N-25W
Tract 2 – 72 acres m/l
72 acres, m/l, with open pasture and approximately 25 acres of timber. There is a pond with a tank below. The dam was rebuilt a couple years ago with a new tank, overflow tube and emergency relief. ย The pond is not fenced. The south property line will need to be fenced if this parcel is sold separately from Tract 3. There is an access easement starting at the west road entrance and leading to the adjoining landowners 20 acres to the east. See dashed line on the map. The maintenance of this easement is the responsibility of the owner of the 20 acres. The access on the west is a level B road. This is a good pasture and is a great recreational site with excellent deer and turkey hunting.
Taxes: $850 approx. ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย S-T-R: 16-71N-25W
Tract 3 – 183 acres m/l
183 acres, m/l with mostly open pasture but approximately 40 acres of timber plus other scattered trees and draws. Fences are adequate with one area being repaired this summer. There is a pond near the NW corner. The roads adjoining are Level B but maintained by the county. The fencing is left hand rule with the Gundersons to the east. Murrane has 3/8 mile of left hand fencing responsibility on land adjoining the Gunderson land. The gravel is not as heavy as other roads. This is a good pasture and is a great recreational site with excellent deer and turkey hunting.
Taxes: $2,200 approx. ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย S-T-R: 16-71N-25W
Tract 4 – 39.98 acres m/l
This tract has a good grass stand and has been used for hay production and grazing. The water source is the creek on the north. There is a guardrail corral with a load out. This tract would fit well with Tract 3 or on its own for a smaller farm or home site. The road on the east is Level B.
Taxes: $400 approx. ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย S-T-R: 16-71N-25W
FOR ONLINE BIDDERS:
To bid online, you must be registered before the auction begins.
We will be calling bids from the auction site and you will able to view the auction team onscreen as they guide the process.
To register, click on the “Bid Now” button on this page or go to https://bid.gannonre.com/auctions
Navigate to the auction you wish to register for and click REGISTER TO BID. Follow the onscreen prompts to register.
Contact Real Estate Agent Patrick Gannon at 515.290.3427 with any questions.
*NOTE: BUYERS/BROKER’S PLEASE REVIEW ATTACHED NOTICE IN ABOVE DOCUMENTS
Auction Terms
Thomas Murrane 1999 Trust & the Janelle Murrane Family Trust
Live & Online Auction 573 Acres m/lโ Clarke County, Iowa
Auction Sales Method: The land will be sold in 4 separate tracts at live public auction, with online bidding available on a price per acre basis to the highest bidder. The trustees have every intention to sell the properties, but they have the right to reject any and all bids. This is a RESERVE Auction, and the final bid will be presented to the owners and their advisors to decide whether to accept the top bid.
Selling as Four Tracts: Tracts 1, 2, 3 and 4 will be offered separately starting with #1 then #2 then #3 then #4. They will not be combined at anytime so if a Buyer wants more than one tract then they need to buy them as they come available. If tracts 1, 2 and 3 sell together then these parcels will not be surveyed. If these tracts sell separately then they will each be surveyed. The multiplier for the closing will be the net acres surveyed times the top bid. Tract 4 was recently surveyed and recorded.
Online Bidding Is Available At Start of Live Auction: Register to bid at http://bid.gannonre.com/auctions. It is the responsibility of the bidders to ensure they have access to a strong internet connection while bidding. By using Gannon Real Estateโs online auction platform, bidders acknowledge that Gannon Real Estate is not at fault for slow internet, connectivity issues or outages. No phone bids will be accepted without prior approval.
Possession: Possession will be granted upon the expiration of the pasture lease on February 28, 2025. The hunting rights are not part of the pasture lease so these rights will belong to the new owners.
Closing: Closing will be on or before September 25th, 2024, but we could accommodate a delayed closing for 1031 exchanges or other reasons if they are approved ahead of August 8th, 2024.
Earnest Money: A 10% earnest money payment is required on the day of the auction. Payments are to be made to the Belin Law Firm Trust Account. The earnest money must be paid in the form of a cashierโs check, cash or wire transfer.
Farm Lease: The subject parcels are leased for grazing and haying purposes for the 2024 crop year. These leases do not allow hunting which is the right of the owners.
Contract and Title: Upon conclusion of the auction and the decision by the sellers, the highest bidder will enter into a real estate sales contract and deposit with Belin Law Firm Trust Account the required earnest money payment. The seller will provide an updated abstract at their expense. The sale is not contingent upon the Buyers financing.
Mineral Rights: All mineral rights will be conveyed to the buyer (if any).
Taxes: Real Estate taxes will be prorated to closing.
Surveys: Tract 4 has been surveyed. A survey will be conducted after the conclusion of the auction on Tracts 1, 2 & 3 if they are sold separately. If Tracts 1, 2 & 3 are sold to one buyer then there will not be a complete boundary survey. The easement will be surveyed and recorded before closing on Tract 2.
Fences: The exterior fences are assumed to be the โright hand ruleโ but this is not guaranteed nor the adequacy of the fences. Any divisions of tracts 1, 2 & 3 will have survey lines that buyers may have to maintain or build new fence on the right had rule between them and the adjoining property. Iowa Fencing Law will be the agreed authority source.
Other: The sale is subject to all easements, covenants, and restrictions of record. The property is sold โas is – where isโ basis with no warranties expressed or implied by the Sellers or Gannon Real Estate & Consulting. Bidding increments are at the sole discretion of Gannon Real Estate & Consulting. Gannon Real Estate & Consulting only represents the Seller.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Sellers and Gannon Real Estate & Consulting. Overall tract acres, tillable acres, etc. may vary from figures stated within marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal description in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the survey and abstract. Please do not drive on the property in wet conditions. Feel free to walk the land at any time but no fishing or hunting is allowed. No one has been given permission to hunt for many years. The property is leased with cattle present so ask for permission before walking the property. Anyone that accesses the property assumes all liability for this access and damage to the property or cattle issues they cause.
Other Realtors: A split commission is offered under some conditions. Contact GREC for more information.
Mark Gannon is one of the trustees of the Murrane Trusts but not a beneficiary
Directions
Tracts are located approximately 6 miles SE of Osceola and 1.5 miles W of HWY 69
From Des Moines
Take I-35 S to Exit 29 rtowards Elk St.
Proceed for 2.5 miles E on Elk St.
Turn right on 240th, travel .5 miles to the NW corner of Tract #1. All other three tracts are to the S of Tract #1. Beware of the condition of neighboring roads during inclement weather.
