Sac County, IA Land Auction!

Marlene J. Schnell Estate: 292.32 acres located in Sections 3 and 4 of Douglas Township and will be offered in 4 parecels. The auction will be held at the Allee American Legion Hall in Newell. If you are planning on bidding online you must register at least 48 hours in advance in order to be approved to bid. 
  •   Jul 8 @ 10:00am CDT (Start)
  •   Sep 18 @ 10:00am CDT (End)
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SAC COUNTY, IA. FARM

To Be Sold At

Public Auction

Wednesday, September 18, 2024      at: 10:00 A.M.

Sale conducted at the Allee American Legion Hall in Newell, IA.

From Newell, IA,(Int.#7&M54), 3 miles south on M54, 1 mile east on 170th. St.; OR from Sac City, IA, 8 miles north on M54, 1 mile east on 170th St.

 

LEGAL DESCRIPTIONS

E1/2 SE1/4 & E1/2 NE1/4, Ex. Lot A, Section 4,T89N, R35W of 5th P.M. AND SW1/4, Ex. Lot A., Section 3, T89N, R35W of 5th P.M., (Douglas Township), Sac County, Iowa

GENERAL DESCRIPTION & METHOD OF SALE

292.32 Acres of highly productive, well located Sac County, Iowa farmland:

Offered as 4 parcels: PARCEL # 1: An 80 acre parcel w/CSR2 of 84.6; PARCEL # 2: a 68.33 acre parcel w/CSR2 of 84.1; PARCEL # 3: A 63.99 acre parcel w/CSR2 of 81.8 and PARCEL # 4: An 80 acre parcel w/CSR2 of 81.7. The parcels will be offered with the successful high bidder to have choice of all of the four parcels. In the event the high bidder selects all of the parcels, the sale is over. In the event the high bidder selects one to three parcels, the remaining parcel(s) will then be offered.

FSA currently has these parcels combined and indicate total Cropland Acres of 283.96; Parcel # 1 & Parcel # 2: combined cropland acres of 144.63; Parcel # 3 & Parcel # 4: combined cropland acres of 139.23. Total Corn Base of 267.19 w/PLC yield index of 164; Soybean Base of 16.67 w/yield index of 53.

TERMS OF SALE

Purchaser(s) shall pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before November 20 , 2024. Possession given upon closing, subject to the current farm lease which has been terminated and will expire on March 1, 2025.  Real Estate Taxes will be pro-rated to the date of closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Any announcements made of day of sale will supersede any advertising. The sale is Subject to District Court Approval.

AUCTIONEER’S NOTE

This sale affords an Excellent Opportunity to acquire well located, highly productive Sac County farmland that would make a solid addition to an existing operation or Ideal Investor/Income type properties.

Marlene J. Schnell Estate

Executor: Joshua J. Walsh, Newell, IA

Attorney for Estate: James W. Gailey, Newell, IA

Sale Arranged & Conducted By:

Green Real Estate & Auction Co.

Mike Green & Jim Green, Auctioneers

Sac City, IA., ph. 712-662-4442

website: www.greenrealestate-auction.com

TERMS OF SALE

Purchaser(s) shall pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before November 20 , 2024. Possession given upon closing, subject to the current farm lease which has been terminated and will expire on March 1, 2025.  Real Estate Taxes will be pro-rated to the date of closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Any announcements made of day of sale will supersede any advertising. The sale is Subject to District Court Approval.