Emmet & Kossuth County, IA Land Auction – Jensen

Monday, February 07, 2022 - 10:00 am Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

SOLD!

TRACT 1 – $9,000 PER ACRE

TRACT 2 – $12,100 PER ACRE

TRACT 3 – $13,400 PER ACRE

TRACT 4 – $10,650 PER ACRE

TRACT 5 – $15,000 PER ACRE

TRACT 6 – $15,000 PER ACRE

TRACT 7 – $13,200 PER ACRE

TRACT 8 – $155,000 LUMP SUM

 

TOTAL – $10,840,171.00

Location

Emmet & Kossuth County, Iowa

The Jensen land is located in Sections 16, 27 & 28, Swan Lake Township & Section 24, Jack Creek Township, Emmet County, IA & Section 12, Swea Township, Kossuth County, IA.

Tracts 1, 2, 3 & 8 are generally located 7 miles west of Armstrong, IA on and off St. Hwy. 9. Tracts 4-6 are located 1 mile west of Ringsted, IA on Co. Rd. A34. Tract 7 is located 7 miles east of Armstrong, IA. 1 mile north of St. Hwy. 9. (Armstrong, IA is 18 miles east of Estherville, IA or 80 miles northwest of Mason City, IA).

Seller

Charles E. Jensen Estate

Tennowa Properties, LLC

Jensen Investments, LLC

Kasey McCormick – Executor

Managed By

Jim Huff (319) 931-9292

Dan Sullivan (844) 847-2161

General Information

875.67 Surveyed Acres • 8 Tracts

Farmers and investors, mark your calendar now for this major northern Iowa land auction. These farms are located in Emmet & Kossuth County, Iowa in close proximity to Armstrong and Ringsted, Iowa. Tracts 1-7 offer highly productive Nicollet, Canisteo & Clarion soils with CSR2’s ranging from the high 70’s to the upper 80’s. Tract 8 includes a very useable steel storage building, grain storage and features several attractive building sites. We urge you to take a look at these well maintained and high quality farms that rarely become available in this part of the country at public auction. This is an auction that you will not want to miss!

Aerial Tour

Tract Information

Tract 1 • 160.10 Surveyed Acres±

  • FSA figures should indicate 149.65 acres of tillable cropland, with the balance in a well maintained waterway.
  • Highly productive soil types: Clarion, Canisteo & Crippin
  • CSR2: 81.1
  • Access is on the north by St. Hwy. 9

 

Tract 2 • 155.82 Surveyed Acres

  • FSA figures should indicate 153.95 acres of tillable cropland.
  • Productive soils: Nicollet, Canisteo & Blue Earth
  • CSR2: 78.9
  • Access is on the east by Co. Rd. N52 (490th Ave.) and along the north by 190th St.

 

Tract 3 • 145.18 Surveyed Acres

  • FSA figures should indicate 143.32 acres of tillable cropland.
  • Highly productive soil types: Nicollet, Clarion & Canisteo
  • CSR2: 83.1
  • Access is on the west by Co. Rd. N52 (490th Ave.) and along the south by 200th St.

 

Tract 4 • 107.22 Surveyed Acres

  • FSA figures should indicate 104 acres of tillable cropland.
  • Soil types: Nicollet, Canisteo & Clarion
  • CSR2: 72.7
  • This tract is improved with field drainage tile (Please see tile maps below)
  • Access is on the north by Co. Rd. A34 (240th St.) and on the west by 510th Ave.

 

Tract 5 • 107.22 Surveyed Acres

  • FSA figures should indicate 102 acres of tillable cropland.
  • Highly productive soils: Nicollet, Canisteo & Clarion
  • CSR2: 86.5
  • This tract is improved with field drainage tile (Please see tile maps below)
  • The balance of this parcel is in a bin site that includes (2) Chief grain bins totaling 30,000 bu. of grain storage with aereatin floors as well as 3 older grain bins.
  • Access is on the north by Co. Rd. A34 (240th St.)

 

Tract 6 • 107.22 Surveyed Acres

  • FSA figures should indicate 104 acres of tillable cropland.
  • Productive soil types: Crippin, Canisteo & Okoboji
  • CSR2: 78.2
  • This tract is improved with field drainage tile (Please see tile maps below)
  • Access is on the north by Co. Rd. A34 (240th St.)

 

Tract 7 • 79.92 Surveyed Acres

  • FSA figures should indicate 78.94 acres of tillable cropland.
  • Highly productive soil types: Nicollet, Clarion & Canisteo
  • CSR2: 81
  • Access is on the south by 440th St.

 

Tract 8 • 12.99 Surveyed Acres

  • This very desirable parcel is improved with a 40’ x 70’ metal storage building and a 30’ x 70’ storage building. There are (3) MFS grain bins, totaling 25,000 bu. of grain storage, all with aeration floors.
  • The tract has several very attractive home or agricultural building sites.
  • Access is located on the south by 200th St.

Method & Terms

The acres in this brochure are approximate and a survey is in progress and will be completed prior to sale day. The surveyed acres will be used to constitute the final settlement price. Tracts 1 - 7 will sell on a price per acre basis and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect in any order, any or all tracts for their high bid. “Buyer’s Choice” auctioning will continue until the first 7 tracts have been elected. Tract 8 will be for a “Lump Sum” total dollar amount. The farm will NOT be offered in its entirety 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 in approximately 30 days, on or before Monday, March 7, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful buyer(s) 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 on all tracts subject to a farm lease with the tenant for the 2022 crop year. Buyer(s) will receive 100% of the cash rent as a credit at closing. The grain bins and storage buildings on Tracts 5 & 8 will be reserved for the tenant for the 2022 crop year. For complete details contact the auction company.

 

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

 

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, drone video, 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

Tile Maps • Tracts 4-6

SOIL MAP

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos

Tract 4 Photos

Tract 5 Photos

Tract 6 Photos

Tract 7 Photos

Tract 8 Photos

Charles E. Jensen Estate

Tennowa Properties, LLC

Jensen Investments, LLC

Kasey McCormick - Executor

 

Representing Attorney:

David M. Repp

Dickinson Law

699 Walnut Street, Suite 1600

Des Moines, IA 50309

Phone: (515) 246-4556

 

Auction Manager:

Jim Huff (319) 931-9292

Dan Sullivan (844) 847-2161