land auction - McDonough Real Estate

LAND AUCTION
288 Acres M/L
Dubuque County, Iowa
Combination Crop, Pasture & Recreational Land
with Farmhouse & Buildings
AUCTION DATE, TIME & PLACE
Date: Thursday, June 23, 2016
Time: 7:00 p.m.
Auction Site:
Knights of Columbus Hall
1405 Columbus Ave. SE
Cascade, Iowa 52033
AUCTION INFORMATION
Method of Sale
• Property will be offered in one parcel
• Seller reserves the right to refuse any
and all bids.
Seller:
Edith M. McLees Family Trust
Agency
McDonough Real Estate
and their representatives
are agents of the Seller.
Terms of
Possession
10% down payment required the
day of sale. Successful bidders
are purchasing with no financing
contingencies and must be prepared for cash settlement of their
purchase on or about August 1,
2016. Final settlement will require
certified check or wire transfer.
Possession of house and buildings will begin at closing. Possession of land and grain bin will
be November 1, 2016. The land
is rented for 2016, and the buyer
will be credited the second half
2016 rental ($18,000) at closing.
Taxes to be prorated to date of
closing.
Announcements
Information provided herein was
obtained from sources deemed reliable, but
the Auctioneer makes no guarantees as to its
accuracy. Prospective bidders are urged to fully
inspect the property and to rely on their own
conclusions. Announcements made the day of
the auction will take precedence over
previously printed material and/or oral
statements. Bidding increments are at the discretion of the Auctioneer. Acreage figures are
based on information currently available,
but are not guaranteed.
Open House & Land Viewing
Date: Sunday, June 12, 2016
Time: 1 to 3 p.m.
Farm Address:
3327 Fairway Road
Cascade, Iowa 52033
The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed
by McDonough Real Estate, or its staff. All acres are considered more or less, unless otherwise stated.
Michael W. McDonough
Iowa Licensed Real Estate Broker
202 West 1st Street, Suite 150
Monticello, Iowa 52310
319-465-4761 Office
319-480-0303 Cell
Aerial Photo
Michael W. McDonough
Iowa Licensed Real Estate Broker
202 West 1st Street, Suite 150
Monticello, Iowa 52310
319-465-4761 Office
319-480-0303 Cell
Information
PROPERTY INFORMATION
288 Acres M/L
3327 Fairway Road
Cascade, Iowa 52033
Location
From Cascade, Iowa, go northeast on Highway 151 4.3
miles to Fairway Road. Turn left (north) and go 1.5 miles
to property on left.
Legal Description
S39 AC SW NW – Sec 13 T87N R1W; NW SW – Sec 13
T87N R1W; SW SW – Sec 13 T87N R1W; NE SW – Sec
13 T87N R1W; Lot 2-2 SE SW – Sec 13 T87N R1W; Lot
1 SE SW – Sec 13 T87N R1W; E 1/2 SE NE – Sec 14
T87N R1W; NE SE – Sec 14 T87N R1W; SE SE –Sec 14
T87N R1W.
(Exact legal description to be taken from abstract.)
Real Estate Taxes
Taxes Payable 2015-2016: $5,528
Soil Types/Productivity
Primary soils – Fayette Silt Loam
(See Soil Map for more details)
• CSR2: 45 per Agri Data Inc. 2016
Based on FSA crop acres
• CSR: 52 per Agri Data Inc. 2016
Based on FSA crop acres
Land Description
Gently rolling with a mixture of cropland with terraces and
timber/pasture with three ponds.
House/Buildings/Improvements
1,352-sq.-ft., 2-story home which has had several updates.
20’x 24’ detached garage; 40’x110’ machine shed; 24’x 60’
utility building; 32’x70’ flat barn and concrete yard; grain bin;
plus other buildings.
Well/Septic
The property has a submersible well, and the sellers will be
installing a new septic system to meet county codes.
FSA Data
Farm Number: 1600
Tract: 299
Crop Acres: 170.89
Corn Base: 59.47 acres
Corn PLC Yield: 139 bu.
Bean Base: 49.63 acres
Bean PLC Yield: 53 bu.
CRP Contracts
Farm Number 1600, Tract 299
Contract Number 1637A
Practice: CP22
Total Acres: 2.07
Rate: $165.80 AC
Annual Payment: $348
Expires: 9/30/2025
Farm Number 1600, Tract 299
Contract Number 1647A
Practice: CP8A
Total Acres: .3
Rate: $148.40 AC
Annual Payment: $45
Expires: 9/30/2020
Michael W. McDonough
Iowa Licensed Real Estate Broker
202 West 1st Street, Suite 150
Monticello, Iowa 52310
319-465-4761 Office
319-480-0303 Cell
Soils Map
Michael W. McDonough
Iowa Licensed Real Estate Broker
202 West 1st Street, Suite 150
Monticello, Iowa 52310
319-465-4761 Office
319-480-0303 Cell
Whitewater Plat Map
SUBJECT
D61
Michael W. McDonough
Iowa Licensed Real Estate Broker
202 West 1st Street, Suite 150
Monticello, Iowa 52310
319-465-4761 Office
319-480-0303 Cell
Michael W. McDonough
Iowa Licensed Real Estate Broker
202 West 1st Street, Suite 150
Monticello, Iowa 52310
319-465-4761 Office
319-480-0303 Cell