Monday, December 3, 2018 at 10:00 A.M.
Sale to be held at the White Buffalo, 100-398 12th Ave E, Albia, IA 52531
76 Acres± (subject to survey) 1 Tract
The Bain Farm is located in Section 16, Bluff Township, Monroe County, IA. At the north edge of Albia, IA on St. Hwy. 137 go north 2 miles to Cty. Rd. H33 (160th St.), turn left or west and go 1 1/2 miles to 640th Ave., turn right or north on 640th Ave. and continue 4 1/4 miles to the farm. (Be watching for presale directional signs)
- FSA figures indicate 72.61 acres tillable with the balance in a wooded area in the southwest portion of the tract.
- Productive soils include Mahaska, Taintor & Otley
- CSR2 is 81.9! (84.3 on the tillable acres)
- This tract is improved with terraces with drainage tile inlets and an ample amount of field drainage tile.
- Access is on the east by 650th Ave.
METHOD & TERMS
The Bain Farm will be sold on a price per acre basis, based on a recently completed survey. Said surveyed acres will be used to constitute the final settlement price.
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 Friday, January 4, 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. Farm sells 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”.