GUTHRIE CO. 216.1 A M/L – ONLINE ONLY AUCTION

  • Online Only Auction
Available

Auction Date: July 22, 2024 8:00 am

- July 24, 2024 1:00 pm

Property Documents

Details

  • Land Area 216.1 Acres
  • Property Status Available
  • Property Type Auction
  • Auction Time July 24, 2024 1:00 pm CDT
  • County Guthrie County, Iowa
  • Taxes $5,474

Lat/Long: 25.68654,-80.431345,15

Auction Date: July 22, 2024 8:00 am

- July 24, 2024 1:00 pm

Days
Hours
Minutes

Description

This tract lays on the N side of Hwy 141 two miles west of Bayard. It has 186.77 rented tillable acres and 24.91 acres of pasture on the east side. The main entrance is from the north off 105th. There is an easement access across the RR tracks to access the south field and pasture.  The NE portion of the south field had a cover crop after the 2023 crop season. The south and west portions of the south field have been tiled with the records available if requested. The area north of the RR tracks has excellent soils. A portion of this area has been cleared and tiled in the late fall of 2023 and is now in production. There is a steep entrance off Hwy 141 that may be able to be improved to be more useful for farming access.

Soil Tests and previous yield information is available upon request

FSA Info is on this listing page 

Net: 216.1 A m/l

FSA Farmland: 216.08 A m/l

Cropland: 211.68 A m/l

Tillable: 186.77 A m/l

Pasture: 24.91 A m/l

Township: Highland

STR: 4-81N-32W & 5-81N-32W

CSR2: 65.6

Taxes: $5,474

Legal Description: NW 1/4 of 4-81-32 & E 1/2 SE 1/4 of 5-81-32

Thomas Murrane 1999 Trust & the Janelle Murrane Family Trust
Online Only Auction – 216.1 acres, m/l, Guthrie County, Iowa
Sections 4 & 5, Highland Township
Auction Sale Period:  July 22-24, 2024

Auction Sales Method: The farm will be sold as one individual tract on a price per acre basis to the high bidder. 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 trustees have every intention to sell the properties, but they have the right to reject any and all bids. Bidding opens at 8:00 AM on July 22nd, 2024 & starts ending at 1 PM on July 24th, 2024 with possible extensions until a final price is reached. The bidding will end at 1 PM on July 24th, 2024 unless there is a bid in the last 5 minutes before the ending time. If so, the bidding will be extended another 5 minutes and so on until a final price per acre is determined. The final top bidder will be contacted by Gannon Real Estate & Consulting within 48 hours to report the owner’s decisions.

Online Bidding: 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 Estate’s 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.  All bidders must be registered on the website to bid.

Possession: Possession is subject to the present lease so full possession is on March 1, 2025.

Closing: Closing will be on or before September 2, 2024, but we could accommodate a delayed closing for 1031 exchanges or other reasons if they are approved ahead of July 22nd, 2024.

Earnest Money: A 10% earnest money payment is required to be paid when the final contract is signed. This will be paid in the form of a cashier’s check, cash or wire transfer.

Farm Lease: The farm is leased for the 2024 season. The owner is retaining the 2024 lease payment. Seller will cancel the lease prior to September 1st 2024 or closing.

Contract and Title: Upon conclusion of the auction.

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.

Survey: No survey will be performed.

Fences: The fences, if any, are assumed to be the “right hand rule” but this is not guaranteed nor the adequacy of the fences.

Other: The sale is subject to all easements, covenants and restrictions of record. The property is sold “as is – where is” 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. 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.

From Bayard

Located 1.5 miles directly W of Bayard, N of HWY 141 .25 miles E of Horn Ave.

Legal Description

NW 1/4 of 4-81-32 & E 1/2 SE 1/4 of 5-81-32

Taxes

$5,474

Map

Contact


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patrick@gannonre.com
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