MUSCATINE CO. 148.91 ACRES – LIVE AND ONLINE AUCTION
Property Documents
Details
- Property Status Available
- Property Type Auction
- Auction Time November 21st, 2024 10:00 am CDT
- Auction City/State West Liberty, IA
- County Muscatine County, Iowa
Lat/Long: 42.025131030118,-93.611395089519,15
Description
Muscatine County Land Auction
Live & Online Auction 148.91 Acres m/l โ Muscatine County, Iowa
Thursday, November 21st at 10 AM
Auction Begins at 10 AM November 21st
At the West Liberty Community Center
1204 N Calhoun St, West Liberty, IA 52776
This is an excellent tract of land with a 90 CSR2 in a strong farming area in east central Iowa. The land has been owned by the same family for many years. The farm had a 69+ soybean bu/acre yield in 2024 with a strong yield history of 236 bu/acre the last four corn years and 65.6 bu/acre of soybeans the last five soybean crop years.ย There are two 10,000 bushel m/l grain bins in the NW corner that have an easement for access to the driveway to the NW. There are field entrances on the north and west sides of the property.ย The farm is reportedly adequately drained but no records are available.
The land has been custom farmed for many years. Full possession of the cropland will be at closing. The grain bins are reserved until 8/1/25.
Gross: 148.91 m/l
Net: 148.91 m/l
CSR2: 90
FSA Farmland: 149.74
Cropland: 149.41
Corn base/yield: 75.2 a with 180 bu/a
Soybean base/yield: 74.2 a with 52 bu/a
Taxes: $5,978
Legal Description: NW 1/4 of 17-78-4 less tract commencing at the Northwest corner of the Northwest Quarter of said Section Seventeen (17); thence East 551.96 feet along the North line of said Northwest Quarter; thence South 02ยฐ 15โ20โ East 3 IO .40 feet; thence West 563. 85 feet; thence North 0ยฐ03 โ40โ West 310 .16 feet to the point of beginning, subject to the use of the North One Hundred Thirty-five (135) feet of the East Twenty-five (25) feet to permit access of farm machinery and grain trucks to the farm, and subject to all easements of record. Said tract of land containing 3.97 acres and also excepting there from a parcel of land described as follows: Parcel C, per plat of survey recorded as Doc. No. 2010-02846, in the Muscatine County Recorderโs Office.
Auction Terms
Muscatine County Land Auction
Live & Online Auction 148.91 Acres m/l โ Muscatine County, Iowa
Thursday, November 21st at 10 AM
Auction Begins at 10 AM November 21st
At the West Liberty community center
1204 N Calhoun St, West Liberty, IA 52776
Auction Sales Method: The land will be sold in 1 tract at live public auction, with online bidding available on a price per acre basis to the highest bidder. The family has 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. The multiplier will be 148.91 acres.
Online Bidding Is Available At The Start Of The 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: Full possession of the cropland will be at closing. The grain bins are reserved until 8/1/25.
Closing: Closing will be on or before December 23rd, 2024.
Earnest Money: A 10% earnest money payment is required on the day of the auction. Payment is to be made to the Gannon Real Estate Trust Account. The earnest money must be paid in the form of a cashierโs check, cash or wire transfer.
Farm Lease: There is no lease as the farm is custom farmed, thus no lease cancellation is needed.
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 Gannon Real Estate 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 owned by the sellers will be conveyed to the buyer.
Taxes: Real Estate taxes will be prorated to closing.
Survey: The land will not be surveyed.
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 & Dick Meade (auctioneer) only represent 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 the marketing materials. Buyer should perform his/her own investigation of the property prior to bidding at the auction. Final legal description will be taken from the abstract. Please do not drive on the property in wet conditions. Feel free to walk the land at any time.
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.
To register, 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.
Directions
Located 3.5 miles directly W of West Liberty.
From West Liberty, take 121th St. W for 2 miles. Go N on Davis Ave for 1/8 mile. Then turn W on 120th and continue for 2 miles. The farm will be on the SE corner of Bancroft & 120th St.
Legal Information
Legal Description: NW 1/4 of 17-78-4 less tract commencing at the Northwest corner of the Northwest Quarter of said Section Seventeen (17); thence East 551.96 feet along the North line of said Northwest Quarter; thence South 02ยฐ 15โ20โ East 3 IO .40 feet; thence West 563. 85 feet; thence North 0ยฐ03 โ40โ West 310 .16 feet to the point of beginning, subject to the use of the North One Hundred Thirty-five (135) feet of the East Twenty-five (25) feet to permit access of farm machinery and grain trucks to the farm, and subject to all easements of record. Said tract of land containing 3.97 acres and also excepting there from a parcel of land described as follows: Parcel C, per plat of survey recorded as Doc. No. 2010-02846, in the Muscatine County Recorderโs Office.
