Appanoose County, Iowa Land Auction – Kratzer

Monday, November 29, 2021 - 4:00 pm 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 – $182,500.00 LUMP SUM

TRACT 2 – $77,500.00 LUMP SUM

TRACT 3 – $4,350.00 PER ACRE

TRACT 4 – $4,425.00 PER ACRE

TRACT 5 – $3,975.00 PER ACRE

TRACT 6 – $3,975.00 PER ACRE

 

TOTAL – $793,389.50

Location

Appanoose County, Iowa

The Kratzer Farm is located in Sections 27 & 28, Johns Township, Appanoose County, Iowa (1/2 mile south of Plano, Iowa or 10 miles west of Centerville, Iowa)

The farm is located 10 miles west of Centerville, Iowa, on and just off of State Hwy 2 and a short distance south of the small village of Plano, Iowa. (Be watching for presale directional signs)

Seller

Martha K. Kratzer

Managed By

John Probasco (641) 856-7355

General Information

148 Surveyed Acres • 6 Tracts

Open House: Friday, November 19th • 4:00 P.M. – 5:30 P.M.

Make plans now for this upcoming Appanoose County, Iowa land auction. This farm offers productive tillable farmland, improved pastureland and several awesome building sites. Tracts 1 & 2 include 2 country homes with machinery storage buildings, livestock buildings and cattle facilities. We urge you to take a look at this conveniently located farm with State Hwy. 2 frontage located a short distance from the small village of Plano, Iowa.

Tract Information

Tract 1 - 18.39 Surveyed Acres

  • FSA information should indicate 15.8 acres tillable.
  • Soils include, Kniffin, Rathbun, and Armstrong.
  • CSR2 42.3
  • This parcel is improved with a 2 story country home featuring 4 bedrooms and 2,500 sq. ft. of living area. Other features include a 24’ x 26’ detached garage, a 30’ x 50’ steel utility building with a concrete floor and electric overhead doors. There is also a gambrel roof hay and livestock barn that includes a workshop and an older pole barn.
  • Rathbun Rural water is located on the property.
  • Access on the south from 510th street.

 

Tract 2 - 2.25 Surveyed Acres

  • This parcel includes a single story 2 bedroom home that has recently been used for rental income. This tract is improved with a 40’ x 56’ hay and livestock barn, a 26’ x 70’ pole barn, other usable buildings and a livestock holding area.
  • Rathbun Rural water is located on the property.
  • Access on the north from 510th street.

 

Tract 3 - 23.15 Surveyed Acres

  • FSA information should indicate 20 acres tillable, currently in hay production
  • Soils include, Kniffin, Lineville and Rathbun
  • CSR2 41.6
  • Access on the south from 510th street.

 

Tract 4 - 32.79 Surveyed Acres

  • FSA information should indicate 25 acres tillable, currently in hay production
  • This tract also features a pond
  • Soils include kniffin, Clarinda, and Shelby
  • CSR2 40.4
  • Access on the south from 510th street

 

Tract 5 - 37.04 Surveyed Acres

  • FSA information should indicate 34 acres tillable, including approximately 12 acres in improved hay production. The balance of this parcel is improved pasture and there is a pond located on the property.
  • Soils include Weller, Mystic and Olmitz
  • CSR2 45.6
  • Access on the north from 510th street

 

Tract 6 - 35.31 Surveyed Acres

  • FSA information should indicate 25 acres tillable, including approximately 10 acres in improved hay production with the balance is in pasture and recreational areas.
  • Soils include Mystic, Weller and Kennebec
  • CSR2 39.9
  • Access on the north from 510th street

Method & Terms

The Kratzer farm will be sold in six (6) individual tracts on a price per acre basis, based on a survey that has recently been completed. Tract 1 will be sold first for a lump sum, total dollar amount, followed by Tract 2 for a lump sum, total dollar amount. After Tracts 1 & 2 have been sold we will then sell Tracts 3 - 6 through the marketing method of “Buyer’s Choice”, whereas the high bidder can take either or both tracts for their high bid. “Buyer’s Choice” auctioning will continue until both tracts have been sold. The farm 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 in approximately 30 days, on or before Wednesday, December 29, 2021 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(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, subject to the current farm lease with the tenant for the 2021 crop year. Farm sells with full farming rights for the 2022 crop year. There are no hunting leases associated with 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, 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”.

Aerial Tour

Plat Map

Aerial Map

SOIL MAP

Photos

Martha K. Kratzer - Seller

 

Representing Attorney:

R. Bradley Skinner

Skinner Law Office, P.C.

160 Adventureland Dr Suite B, Altoona, IA 50009

(515) 967-4264

 

 

Auction Manager: John Probasco (641) 856-7355