SOLD! TRACT 1 – $11,200.00 PER ACRE
SOLD! TRACT 2 – $11,200.00 PER ACRE
TOTAL – $1,122,128.00
Wednesday, November 7, 2018 at 1:00 P.M.
Sale to be held at the Mt. Pleasant Golf & County Club, 2275 Hickory Ave, Mt Pleasant, IA 52641
100.19 Surveyed Acres • 2 Tracts
The McCormick Prairie Farm Corp. Property is located in Section 24, Marion Township, Henry County, IA. At the north edge of Mt. Pleasant, IA on U.S. Hwy. 218 go north 1 mile to 200th St. Turn right or east on 200th St. and proceed 2¾ miles to Logan Ave. Turn left or north on Logan Ave. and go a ½ mile to the tracts. (Be watching for presale directional signs)
Tract 1 • 37.25 Surveyed Acres
- FSA information indicates 36.34 acres tillable
- Highly productive Mahaska & Taintor soils
- CSR2 is 87!
- Access is on the east by Logan Ave. & on the south by 195th St.
Tract 2 • 62.94 Surveyed Acres
- FSA information indicates 61.30 acres tillable
- Highly productive soils include Taintor & Mahaska
- CSR2 is 86.3!
- This tract is improved with some field drainage tile in the northern portion.
- Access is on the west by Logan Ave.
METHOD & TERMS
The McCormick Prairie Farm Corp. Properties will be sold on a price per acre basis, based on a survey that has recently been completed. Said surveyed acres will be used to constitute the final settlement price. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can take either or both tracts for their high bid. Tracts will be sold individually and will NOT be combined 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 on or before Wednesday, January 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 2018 crop year. Both tracts sell free & clear for the 2019 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”.