Paustian Farms Inc and Florence Paustian Estate

Appraisal &
Real Estate
Services
504 Second St. Traer, IA 50675
Taxable Acres
Parcel A
142.3 +/Parcel B
79.0 +/Tillable Acres
Parcel A
144.35 +/Parcel B
76.95 +/CSR2 and CSR
Parcel A
88.9
83.3
Parcel B
78.7
80.0
(according to Surety)
Paustian Farms Inc and Florence
Paustian Estate
Parcel located in Perry in Tama County, Iowa
January 21, 2016—10:05 am
Auction held at NTAC Center—Traer, IA
85.3 CSR according to
Tama County Assessor on
Combined Parcels
Tract B
Closing March 15, 2016
Available for 2016 Crop
Year
Taxes:
Parcel A $3376
Parcel B $1772
Tract A
Good Productivity
View auction details, updates, or more pictures at www.midwestlandauctions.com
Contact for more Information:
Appraisal & Real Estate Services
504 Second St Traer, Ia 50675
Office: 319-478-2990
Jammie Howard, Broker: 319-231-4484
Jason Lekin, Licensed Agent, Auctioneer: 641-751-4227
Midwestlandauctions.com
The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by ARES or its staff.
Land Auction
January 21, 2016—10:05 am
acres M/L
Paustian Farms Inc. and Florence Paustian Estate
Sale held at North Tama Activity Center, Traer, Ia
Farm Located: 3 miles west of Traer IA Section 7 & 18 Perry , Tama County IA. Parcel A is at the corner of
63 and M Ave. Parcel B is 1/2 mile north and 1/4 mile east on 180th St
Legal Description:
Briefly described as the NW 1/4 of Sect 18(Parcel A), and E 1/2 of SW 1/4 of Section
7 (Parcel B) of Township 85 N, Range 14 West in Tama County Iowa. See abstract for actual.
FSA Information :
Tract 13288 & 13289
Crop Land Acres: 221.30
Corn Base: Acres: 106.3
PLC Yield: 131
Soybean Base Acres: 99.4 PLC Yield: 39
Average CSR: Tract A Avg. CSR 2 of 88.9 , CSR of 88.3 and Tract B Avg. CSR2 of 78.2 CSR of 80.0 according
to Surety, and 85.3 according to Tama County Assessor on the entire farm
Real Estate Taxes: Taxes will be prorated to at the time of Closing
Estimated Taxes: Tract A $3376 and Tract B $1772 per year
Possession: At Closing on or before March 15, 2016 with 45% of purchase price due at that time. Seller
and buyer will enter into a short term contract with remaining 45 % of purchase price due on Apr 1, 2016.
10% (earnest money day of auction)+ 45% (March 15 )+ 45% (April 1 )= 100% of purchase price.
Method of Sale: This property will be offered at public auction as two parcels with high bidder having
choice of Tract A, Tract B, or the combination of Tracts A & B. Tract A consist of 142.3 acres, Tract B consist of 79.0 acres and the combination contains 221.3 acres. The bidding will be per acre and will be multiplied by acres of each tract, the high bidder chooses. If only one tract is chosen then bidding will start
again for remaining tract.
The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by ARES or its staff.
Land Auction
January 21, 2016—10:05 am
acres M/L
Paustian Farms Inc. and Florence Paustian Estate
Sale held at North Tama Activity Center, Traer, Ia
Terms:
High bidder of real estate to pay 10% of the purchase price to Appraisal & Real Estate Services
Trust Account on January 21, 2016. Successful bidder will sign a Real Estate Agreement providing full
cash settlement equal to 45% of purchase price on or before Mar 15, 2016. The buyer will enter into a
contract with sellers to make final settlement (45% of purchase price) on April 1, 2016. Successful bidders
are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Settlement and payment of the balance of purchase price to be by cashier’s check or wire transfer
at closing on March 15, 2016 and April 1, 2016.
Formal termination of the lease for 2016 Crop year is completed and the farm is available for 2016 Crop
Year. Sellers have every intension of selling this property, but reserves the right to reject any and all bids.
Announcements:
Property information provided herein was obtained from sources deemed reliable, but the Auctioneer makes no guarantees as to it’s accuracy. All prospective bidders are urged to fully inspect the
property, it’s condition, and to rely on their conclusions. The property is being sold “As Is –Where Is” and
the buyers are purchasing subject to any easements or restrictions of record. Any announcements made
auction day by the auctioneer will take precedence over any previous printed material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. All acreage figures are based
on information currently available , but they are not guaranteed.
Agency:
Seller:
Appraisal & Real Estate Services and their representative are agents of the seller.
Paustian Farms Inc. and Florence Paustian Estate
Agents Comments: This is a very high quality Tama County Farm with good soils, conservation practices, and is located in very strong area.
The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by ARES or its staff.
Parcel B
Parcel A
Parcel A
Parcel B
Tract B
Tract A