102.6 acre Land Auction - Pottawattamie Co Iowa - Selling in 2 Tracts
Listing ID#: 308569

Sale Location
Logan, IA 51546

Sale Dates and TimesSALE IS COMPLETED
Saturday Mar 21, 2020 Completed

Sale Type
Live with Online Auction

Company Information
Spencer Auction Company Contact: Ed Spencer Phone: 712-644-2151 Email: edspencerrealestate@gmail.com Website: www.edspencerauctions.com EstateSale.com ID#: 12384 View company information and listings

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Listing Terms and Conditions
Terms: Your bid is not subject to ﬁnancing. Buyer on each farm will be required to place 10% of the purchase price as a non-refundable down payment on the day of the auction, made payable to Clear Title and Escrow, which shall hold the earnest funds in escrow prior to closing. Title: Sellers shall provide an updated abstract on Farm 1 and Farm 2. Buyer on each farm to provide title opinion. Acceptance of Bids: Final bids on each farm is subject to the approval of the sellers. Each farm will sell separate and will not be combined. Closing: Closing on each Farm shall be on or before April 21st, 2020 under the supervision of Ed Spencer, Broker for Sellers, and Clear Title, Escrow Company. Possession: Buyer of each Farm will receive full possession and closing and full farming rights for the 2020 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The Farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning each farm. The information contained in this brochure is believed to be accurate, but is subject to veriﬁcation of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the Seller’s in this transaction. All bidders will be considered customers, not clients

Listing Terms and Conditions

Terms: Your bid is not subject to ﬁnancing. Buyer on each farm will be required to place 10% of the purchase price as a non-refundable down payment on the day of the auction, made payable to Clear Title and Escrow, which shall hold the earnest funds in escrow prior to closing. Title: Sellers shall provide an updated abstract on Farm 1 and Farm 2. Buyer on each farm to provide title opinion. Acceptance of Bids: Final bids on each farm is subject to the approval of the sellers. Each farm will sell separate and will not be combined. Closing: Closing on each Farm shall be on or before April 21st, 2020 under the supervision of Ed Spencer, Broker for Sellers, and Clear Title, Escrow Company. Possession: Buyer of each Farm will receive full possession and closing and full farming rights for the 2020 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The Farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning each farm. The information contained in this brochure is believed to be accurate, but is subject to veriﬁcation of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the Seller’s in this transaction. All bidders will be considered customers, not clients

File Attachments
Sale Brochure

Listing Information
Online bidding available at www.spencerauctiongroup.com No Buyer premium for online buyers! FARM 1 80 acres S 1⁄2 NE 1⁄4 York Township Section 24 Pottawattamie County, Iowa Directions to the Farm: From Oakland, Iowa, West on G-42/Honeysuckle Road approximately 3 1⁄2 miles, then north on 380th/M-16 approximately 3 miles to Lombardy Road. West on Lombardy Road approximately 2 miles to 360th St. North on 360th St approximately 1⁄2 mile, farm is located on the West. Signs Posted. GPS Coords 41.3687N 95.4982W FSA INFORMATIONFarm#: 5224 Tract#: 8245 Cropland: 78.76 acres Corn Base: 38.20 PLC Yield: 154 Bean Base: 30.20 PLC Yield: 43 CSR2: 75.3 per Surety Maps Taxes: $2780 for 2018. Taxes will be prorated to the date of closing. This 80 acres is 98% tillable with an excellent location with road frontage on 360th St with a high CSR2 rating comprised primarily of Marshall and Monona soils. Method of Auction: Farm will sell 80 acres times the bid. FARM 2 22.6 acres in SW 1⁄4 SW 1⁄4 Section 19, James Township, Pottawattamie County, Iowa Directions to the Farm: From Oakland, Iowa, West on G-42/Honeysuckle Road approximately 3 1⁄2 miles, then north on 380th/M-16 approximately 3 miles to Lombardy Road. West on Lombardy Road approximately 2 miles to 360th St. Farm is located in the Northeast corner of the intersection of Lombardy Road and 360th St. Signs Posted. FSA INFORMATIONFarm#: 5224 Tract#: 8248 Cropland: 22.17 acres Corn Base: 10.60 PLC Yield: 154 Bean Base: 8.40 PLC Yield: 43 CSR2: 68.7 per Surety Maps Taxes: $728 for 2018. Taxes will be prorated to the date of closing. This 22 acre tract is 98% tillable, high CSR 2 rating, comprised primarily of mostly of Monona soil and with road frontage 360th St on the West and Lombardy Road on the South. This farm would make a great addition to a farming operation, or an excellent building site! Perfect small hobby farm for horses, alpacas, etc. Method of Auction: Farm will sell 22.6 acres times the bid. METHOD AND TERMS Terms: Your bid is not subject to ﬁnancing. Buyer on each farm will be required to place 10% of the purchase price as a non-refundable down payment on the day of the auction, made payable to Clear Title and Escrow, which shall hold the earnest funds in escrow prior to closing. Title: Sellers shall provide an updated abstract on Farm 1 and Farm 2. Buyer on each farm to provide title opinion. Acceptance of Bids: Final bids on each farm is subject to the approval of the sellers. Each farm will sell separate and will not be combined. Closing: Closing on each Farm shall be on or before April 21st, 2020 under the supervision of Ed Spencer, Broker for Sellers, and Clear Title, Escrow Company. Possession: Buyer of each Farm will receive full possession and closing and full farming rights for the 2020 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The Farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning each farm. The information contained in this brochure is believed to be accurate, but is subject to veriﬁcation of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the Seller’s in this transaction. All bidders will be considered customers, not clients For more information contact Ed Spencer, Broker/Auctioneer at 402-510-3276 Spencer Auction Group/Farms America, Ed Spencer Real Estate 322 E 7th St Logan, IA 51546 www.spencerauctiongroup.com

Listing Information

Online bidding available at www.spencerauctiongroup.com

No Buyer premium for online buyers!

FARM 1 80 acres S 1⁄2 NE 1⁄4 York Township Section 24 Pottawattamie County, Iowa Directions to the Farm: From Oakland, Iowa, West on G-42/Honeysuckle Road approximately 3 1⁄2 miles, then north on 380th/M-16 approximately 3 miles to Lombardy Road. West on Lombardy Road approximately 2 miles to 360th St. North on 360th St approximately 1⁄2 mile, farm is located on the West. Signs Posted. GPS Coords 41.3687N 95.4982W

FSA INFORMATIONFarm#: 5224 Tract#: 8245 Cropland: 78.76 acres Corn Base: 38.20 PLC Yield: 154 Bean Base: 30.20 PLC Yield: 43 CSR2: 75.3 per Surety Maps Taxes: $2780 for 2018. Taxes will be prorated to the date of closing. This 80 acres is 98% tillable with an excellent location with road frontage on 360th St with a high CSR2 rating comprised primarily of Marshall and Monona soils. Method of Auction: Farm will sell 80 acres times the bid.

FARM 2 22.6 acres in SW 1⁄4 SW 1⁄4 Section 19, James Township, Pottawattamie County, Iowa Directions to the Farm: From Oakland, Iowa, West on G-42/Honeysuckle Road approximately 3 1⁄2 miles, then north on 380th/M-16 approximately 3 miles to Lombardy Road. West on Lombardy Road approximately 2 miles to 360th St. Farm is located in the Northeast corner of the intersection of Lombardy Road and 360th St. Signs Posted.

FSA INFORMATIONFarm#: 5224 Tract#: 8248 Cropland: 22.17 acres Corn Base: 10.60 PLC Yield: 154 Bean Base: 8.40 PLC Yield: 43 CSR2: 68.7 per Surety Maps Taxes: $728 for 2018. Taxes will be prorated to the date of closing. This 22 acre tract is 98% tillable, high CSR 2 rating, comprised primarily of mostly of Monona soil and with road frontage 360th St on the West and Lombardy Road on the South. This farm would make a great addition to a farming operation, or an excellent building site! Perfect small hobby farm for horses, alpacas, etc. Method of Auction: Farm will sell 22.6 acres times the bid.

METHOD AND TERMS Terms: Your bid is not subject to ﬁnancing. Buyer on each farm will be required to place 10% of the purchase price as a non-refundable down payment on the day of the auction, made payable to Clear Title and Escrow, which shall hold the earnest funds in escrow prior to closing. Title: Sellers shall provide an updated abstract on Farm 1 and Farm 2. Buyer on each farm to provide title opinion. Acceptance of Bids: Final bids on each farm is subject to the approval of the sellers. Each farm will sell separate and will not be combined. Closing: Closing on each Farm shall be on or before April 21st, 2020 under the supervision of Ed Spencer, Broker for Sellers, and Clear Title, Escrow Company. Possession: Buyer of each Farm will receive full possession and closing and full farming rights for the 2020 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The Farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning each farm. The information contained in this brochure is believed to be accurate, but is subject to veriﬁcation of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the Seller’s in this transaction. All bidders will be considered customers, not clients

For more information contact Ed Spencer, Broker/Auctioneer at 402-510-3276

Spencer Auction Group/Farms America, Ed Spencer Real Estate

322 E 7th St

Logan, IA 51546

www.spencerauctiongroup.com

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Plat Location

Farm 1

Farm 2

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102.6 acre Land Auction - Pottawattamie Co Iowa - Selling in 2 Tracts

Spencer Auction Company

Contact: Ed Spencer
Phone: 712-644-2151

3328 Overton Ave
Logan, IA 51546

Saturday Mar 21, 2020 Completed

Listing Details
Online bidding available at www.spencerauctiongroup.com No Buyer premium for online buyers! FARM 1 80 acres S 1⁄2 NE 1⁄4 York Township Section 24 Pottawattamie County, Iowa Directions to the Farm: From Oakland, Iowa, West on G-42/Honeysuckle Road approximately 3 1⁄2 miles, then north on 380th/M-16 approximately 3 miles to Lombardy Road. West on Lombardy Road approximately 2 miles to 360th St. North on 360th St approximately 1⁄2 mile, farm is located on the West. Signs Posted. GPS Coords 41.3687N 95.4982W FSA INFORMATIONFarm#: 5224 Tract#: 8245 Cropland: 78.76 acres Corn Base: 38.20 PLC Yield: 154 Bean Base: 30.20 PLC Yield: 43 CSR2: 75.3 per Surety Maps Taxes: $2780 for 2018. Taxes will be prorated to the date of closing. This 80 acres is 98% tillable with an excellent location with road frontage on 360th St with a high CSR2 rating comprised primarily of Marshall and Monona soils. Method of Auction: Farm will sell 80 acres times the bid. FARM 2 22.6 acres in SW 1⁄4 SW 1⁄4 Section 19, James Township, Pottawattamie County, Iowa Directions to the Farm: From Oakland, Iowa, West on G-42/Honeysuckle Road approximately 3 1⁄2 miles, then north on 380th/M-16 approximately 3 miles to Lombardy Road. West on Lombardy Road approximately 2 miles to 360th St. Farm is located in the Northeast corner of the intersection of Lombardy Road and 360th St. Signs Posted. FSA INFORMATIONFarm#: 5224 Tract#: 8248 Cropland: 22.17 acres Corn Base: 10.60 PLC Yield: 154 Bean Base: 8.40 PLC Yield: 43 CSR2: 68.7 per Surety Maps Taxes: $728 for 2018. Taxes will be prorated to the date of closing. This 22 acre tract is 98% tillable, high CSR 2 rating, comprised primarily of mostly of Monona soil and with road frontage 360th St on the West and Lombardy Road on the South. This farm would make a great addition to a farming operation, or an excellent building site! Perfect small hobby farm for horses, alpacas, etc. Method of Auction: Farm will sell 22.6 acres times the bid. METHOD AND TERMS Terms: Your bid is not subject to ﬁnancing. Buyer on each farm will be required to place 10% of the purchase price as a non-refundable down payment on the day of the auction, made payable to Clear Title and Escrow, which shall hold the earnest funds in escrow prior to closing. Title: Sellers shall provide an updated abstract on Farm 1 and Farm 2. Buyer on each farm to provide title opinion. Acceptance of Bids: Final bids on each farm is subject to the approval of the sellers. Each farm will sell separate and will not be combined. Closing: Closing on each Farm shall be on or before April 21st, 2020 under the supervision of Ed Spencer, Broker for Sellers, and Clear Title, Escrow Company. Possession: Buyer of each Farm will receive full possession and closing and full farming rights for the 2020 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The Farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning each farm. The information contained in this brochure is believed to be accurate, but is subject to veriﬁcation of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the Seller’s in this transaction. All bidders will be considered customers, not clients For more information contact Ed Spencer, Broker/Auctioneer at 402-510-3276 Spencer Auction Group/Farms America, Ed Spencer Real Estate 322 E 7th St Logan, IA 51546 www.spencerauctiongroup.com