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  • STARTJun 28th - 1:00pm

  • VENUEVentura Community Center

Cerro Gordo County, Iowa Land Auction

SOLD! TRACT 1 – $9,300.00 PER ACRE

SOLD! TRACT 2 – $9,300.00 PER ACRE

SOLD! TRACT 3 – $155,000.00 LUMP SUM

 

Friday, June 28, 2019 at 1:00 P.M.

Please note a Sullivan Auctioneer representative will be at the home on sale day from 10:00 – 11:00 A.M. for any interested parties wanting to do a final walk through.

Sale to be held at the Ventura Community Center, 4 Weimer St, Ventura, IA 50482

60.34 Surveyed Acres • 3 Tracts

LOCATION

The Overgaard Farm is located in Section 30, Clear Lake Township, Cerro Gordo County, Iowa. 1 mile south of Ventura, Iowa on Co. Rd. S14 (Balsam Ave). (Be watching for presale directional signs posted off of U.S. Hwy 18)

 

TRACT INFORMATION

Tract 1 – 30.18 Surveyed Acres

  • FSA information indicates 29.87 acres tillable
  • Productive Clarion, Webster-Nicollet & Saude soils
  • CSR2 is 64.6
  • Access is on the east by Co. Rd. S14 (Balsam Ave.)

Tract 2 – 26.16 Surveyed Acres

  • FSA information should indicate 23.82 acres tillable
  • Highly productive Clarion & Webster-Nicollet soils
  • CSR2 is 86.5!
  • Access is on the north by 237th St.

Tract 3 – 4 Surveyed Acres

  • This attractive parcel is improved with a 2 bedroom ranch style home that offers 1,172 sq. ft. of living area.
  • Other amenities include a gas forced air furnace, full basement and a 2 car attached garage.
  • Included with this acreage is a very useable 38’ x 56’ utility building and the septic system has recently been updated.
  • This property is conveniently located on a hard surface road at the south edge of Ventura, Iowa and is in close proximity to the ever popular Clear Lake, Iowa recreation area. This is an auction that you will not want to miss!
  • Access is on the east by Co. Rd. S14 (Balsam Ave.)

 

METHOD & TERMS

The Overgaard Farm will be sold in 3 individual tracts, based on a survey that has been completed, with the said surveyed acres being used to constitute the final settlement price. Tracts 1 and 2 will be sold on a price per acre basis through the marketing method of “Buyer’s Choice” whereas the high bidder can elect either or both tracts for their high bid. Buyer’s Choice auctioning will continue until both tracts have been sold. Tract 3 will be sold last for a Lump Sum, total dollar amount. The tracts will NOT be offered in their entirety or in any combinations at the conclusion of the auction. Ten (10%) percent of the bid price to be due on the day of sale with the balance due upon delivery of a merchantable abstract and deed. Closing is scheduled to be in approximately 30 days, on or before Tuesday, July 30, 2019. Immediately following the auction, the successful bidder shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing subject to a farm lease for the 2019 crop year. The farm sells with full farming rights for the 2020 crop year. 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”.

 

PLAT MAP

AERIAL MAP

SOIL MAPS

TRACT 1 PHOTOS

TRACT 2 PHOTOS

TRACT 3 PHOTOS

W.S. Overgaard, Trust & Cleo G. Overgaard, Estate

Russell Overgaard – Trustee & Executor

Representing Attorney:
Timothy M. Anderson
Timothy M. Anderson Law Office
165 East 4th Street,
Garner, IA 50438
Phone:(641)923-2873

For additional information, contact auction managers: John Probasco (641) 856-7355 or Jim Huff (319) 931-9292

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Details

Date:
June 28
Time:
1:00 pm - 11:55 pm
Categories:

Venue

Ventura Community Center
4 Weimer St, Ventura, IA, 50482, United States.
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