275.32 ac m/l Harrison Co. IA Land Auction
Listing ID#: 599189

Sale Location

Logan, IA 51546
Sale Dates and TimesSALE IS COMPLETED
Friday Jun 9, 2023 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
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Listing Terms and Conditions
METHOD OF AUCTION: 275.32 acres times the bid
AUCTION TERMS: Your bid is not subject to financing. All online bidders must register at
www.spencergroups.com and submit a bank letter of credit verifying their ability to purchase the farm. After
approval, bidders will be granted a bidding number. All bidding live and online will conclude at the end
of the live auction. Contact Spencer Auction Group at 712-644-2151.
ACCEPTANCE OF BIDS: Final bid is subject to the approval of the Sellers. If the bid is accepted, buyer will
sign a purchase agreement and place a 10% non-refundable earnest deposit in the Peters Law Firm Account,
where it will be held until closing. Seller will provide an updated abstract. Buyer will have a title opinion
completed by the attorney of the buyer's choice, at the buyer's expense. Each party will be responsible for
normal closing costs associated with closing a real estate transaction.
CLOSING: Closing on or before July 10th, 2023. Your bid is not subject to financing. Buyer will be expected
to close on July 10th upon verification of clear title.
AGENCY: Ed Spencer Real Estate/Farms America, INC and Spencer Groups, its agents and its associates,
are agents for, and represent the Sellers in this transaction. All bidders shall be considered customers, not
clients.
DISCLAIMER: Announcements made by the auctioneer at the time of the sale or emailed to registered
bidders will take precedence over any and all previously printed material, or any oral statements made. All
information in this brochure and all related materials are subject to the terms and conditions outlined in the
agreement to purchase. The property is 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 due diligence,
inspections, investigations, and inquiries regarding the farm. The information in this brochure is believed to
be accurate but is subject to the 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 and
FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
Listing Video
File Attachments
Farm Brochure
Listing Information

From Logan, Iowa, north on Highway 30 approximately 2 ½ miles to Highway 44. East on Highway 44 approximately 6 miles to Toledo Ave. South on Toledo Ave 2 miles to 270th Street. West on 270th St ½ mile to the farm. Farm is located on the north side of 270th St. OR From Portsmouth, Iowa, west on Highway 44 approximately 5 miles to Toledo Ave. South on Toledo Ave 2 miles, then west on 270th Street ½ mile. Farm is located on the north side of 270th St. Signs posted.

 

LEGAL DESCRIPTION: The NW ¼; the N ½ SW ¼ and the SE ¼ SW ¼ except Parcel A, 28-79-41, Harrison County, Iowa TAXABLE ACRES: 275.32 acres m/l CROPLAND ACRES: 268.43 per FSA CORN BASE: 202.91 SOYBEAN BASE: 38.59 CSR2: CSR2 65.6 per Surety Maps TAXES: $7486.00 to be prorated to the date of CLOSING NOTE: Current tenant is paying on 260 acres. Yield history available upon request. View Tile map on Page 7. See Lease Information Below. LEASE INFORMATION Farm is currently rented for the 2023 crop year in the amount of $67,600. New buyer will receive 100% of the 2023 lease payment as follows: $15,000 as a credit to the buyer from the sellers at closing $15,000 on September 1st, 2023 Direct from Tenant $37,600 on December 1st 2023 Direct from Tenant The seller will terminate the existing lease with the tenant prior to closing. The grain bin on the property is currently owned by the tenant. The tenant will remove the grain bin on the property no later than September 15th, 2023 unless other arrangements are made between the new owner and the tenant. AUCTIONEER'S NOTE This is a highly productive, attractive farm in a state of high fertility. Farm is fully terraced and has approximately 1 mile of tile. This farm would be a great acquisition for a farmer or investor. Farm has been very well cared for and is a really nice farm. Contact Ed Spencer, Broker for more information at 402-510-3276.
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275.32 ac m/l Harrison Co. IA Land Auction

Spencer Auction Company

Spencer Auction Company

Contact: Ed Spencer
Phone: 712-644-2151
Sale Location
2849 335th St
Logan, IA 51546
Sale Dates and Times
Friday Jun 9, 2023 Completed
Sale Terms and Conditions
METHOD OF AUCTION: 275.32 acres times the bid AUCTION TERMS: Your bid is not subject to financing. All online bidders must register at www.spencergroups.com and submit a bank letter of credit verifying their ability to purchase the farm. After approval, bidders will be granted a bidding number. All bidding live and online will conclude at the end of the live auction. Contact Spencer Auction Group at 712-644-2151. ACCEPTANCE OF BIDS: Final bid is subject to the approval of the Sellers. If the bid is accepted, buyer will sign a purchase agreement and place a 10% non-refundable earnest deposit in the Peters Law Firm Account, where it will be held until closing. Seller will provide an updated abstract. Buyer will have a title opinion completed by the attorney of the buyer's choice, at the buyer's expense. Each party will be responsible for normal closing costs associated with closing a real estate transaction. CLOSING: Closing on or before July 10th, 2023. Your bid is not subject to financing. Buyer will be expected to close on July 10th upon verification of clear title. AGENCY: Ed Spencer Real Estate/Farms America, INC and Spencer Groups, its agents and its associates, are agents for, and represent the Sellers in this transaction. All bidders shall be considered customers, not clients. DISCLAIMER: Announcements made by the auctioneer at the time of the sale or emailed to registered bidders will take precedence over any and all previously printed material, or any oral statements made. All information in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is 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 due diligence, inspections, investigations, and inquiries regarding the farm. The information in this brochure is believed to be accurate but is subject to the 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 and FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
Listing Details

From Logan, Iowa, north on Highway 30 approximately 2 ½ miles to Highway 44. East on Highway 44 approximately 6 miles to Toledo Ave. South on Toledo Ave 2 miles to 270th Street. West on 270th St ½ mile to the farm. Farm is located on the north side of 270th St. OR From Portsmouth, Iowa, west on Highway 44 approximately 5 miles to Toledo Ave. South on Toledo Ave 2 miles, then west on 270th Street ½ mile. Farm is located on the north side of 270th St. Signs posted.

 

LEGAL DESCRIPTION: The NW ¼; the N ½ SW ¼ and the SE ¼ SW ¼ except Parcel A, 28-79-41, Harrison County, Iowa TAXABLE ACRES: 275.32 acres m/l CROPLAND ACRES: 268.43 per FSA CORN BASE: 202.91 SOYBEAN BASE: 38.59 CSR2: CSR2 65.6 per Surety Maps TAXES: $7486.00 to be prorated to the date of CLOSING NOTE: Current tenant is paying on 260 acres. Yield history available upon request. View Tile map on Page 7. See Lease Information Below. LEASE INFORMATION Farm is currently rented for the 2023 crop year in the amount of $67,600. New buyer will receive 100% of the 2023 lease payment as follows: $15,000 as a credit to the buyer from the sellers at closing $15,000 on September 1st, 2023 Direct from Tenant $37,600 on December 1st 2023 Direct from Tenant The seller will terminate the existing lease with the tenant prior to closing. The grain bin on the property is currently owned by the tenant. The tenant will remove the grain bin on the property no later than September 15th, 2023 unless other arrangements are made between the new owner and the tenant. AUCTIONEER'S NOTE This is a highly productive, attractive farm in a state of high fertility. Farm is fully terraced and has approximately 1 mile of tile. This farm would be a great acquisition for a farmer or investor. Farm has been very well cared for and is a really nice farm. Contact Ed Spencer, Broker for more information at 402-510-3276.
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275.32 ac m/l Harrison Co. IA Land Auction
 Live Auction w/Online Bidding
 
Sale Date(s)
Friday Jun 9, 2023 Completed
Sale Location

Logan, IA 51546
Listing Terms and Conditions
METHOD OF AUCTION: 275.32 acres times the bid AUCTION TERMS: Your bid is not subject to financing. All online bidders must register at www.spencergroups.com and submit a bank letter of credit verifying their ability to purchase the farm. After approval, bidders will be granted a bidding number. All bidding live and online will conclude at the end of the live auction. Contact Spencer Auction Group at 712-644-2151. ACCEPTANCE OF BIDS: Final bid is subject to the approval of the Sellers. If the bid is accepted, buyer will sign a purchase agreement and place a 10% non-refundable earnest deposit in the Peters Law Firm Account, where it will be held until closing. Seller will provide an updated abstract. Buyer will have a title opinion completed by the attorney of the buyer's choice, at the buyer's expense. Each party will be responsible for normal closing costs associated with closing a real estate transaction. CLOSING: Closing on or before July 10th, 2023. Your bid is not subject to financing. Buyer will be expected to close on July 10th upon verification of clear title. AGENCY: Ed Spencer Real Estate/Farms America, INC and Spencer Groups, its agents and its associates, are agents for, and represent the Sellers in this transaction. All bidders shall be considered customers, not clients. DISCLAIMER: Announcements made by the auctioneer at the time of the sale or emailed to registered bidders will take precedence over any and all previously printed material, or any oral statements made. All information in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is 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 due diligence, inspections, investigations, and inquiries regarding the farm. The information in this brochure is believed to be accurate but is subject to the 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 and FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
File Attachments
Farm Brochure

From Logan, Iowa, north on Highway 30 approximately 2 ½ miles to Highway 44. East on Highway 44 approximately 6 miles to Toledo Ave. South on Toledo Ave 2 miles to 270th Street. West on 270th St ½ mile to the farm. Farm is located on the north side of 270th St. OR From Portsmouth, Iowa, west on Highway 44 approximately 5 miles to Toledo Ave. South on Toledo Ave 2 miles, then west on 270th Street ½ mile. Farm is located on the north side of 270th St. Signs posted.

 

LEGAL DESCRIPTION: The NW ¼; the N ½ SW ¼ and the SE ¼ SW ¼ except Parcel A, 28-79-41, Harrison County, Iowa TAXABLE ACRES: 275.32 acres m/l CROPLAND ACRES: 268.43 per FSA CORN BASE: 202.91 SOYBEAN BASE: 38.59 CSR2: CSR2 65.6 per Surety Maps TAXES: $7486.00 to be prorated to the date of CLOSING NOTE: Current tenant is paying on 260 acres. Yield history available upon request. View Tile map on Page 7. See Lease Information Below. LEASE INFORMATION Farm is currently rented for the 2023 crop year in the amount of $67,600. New buyer will receive 100% of the 2023 lease payment as follows: $15,000 as a credit to the buyer from the sellers at closing $15,000 on September 1st, 2023 Direct from Tenant $37,600 on December 1st 2023 Direct from Tenant The seller will terminate the existing lease with the tenant prior to closing. The grain bin on the property is currently owned by the tenant. The tenant will remove the grain bin on the property no later than September 15th, 2023 unless other arrangements are made between the new owner and the tenant. AUCTIONEER'S NOTE This is a highly productive, attractive farm in a state of high fertility. Farm is fully terraced and has approximately 1 mile of tile. This farm would be a great acquisition for a farmer or investor. Farm has been very well cared for and is a really nice farm. Contact Ed Spencer, Broker for more information at 402-510-3276.