Location:
From Oto, IA, approx. 3 miles East and South on D54 to gravel Mason Ave., then West 1/2 mile to the NW corner of the farm. Mason Ave. lies on the East side and 315th St. lies on the South side.
Legal Description:(abbr.)
Part of the NW 1/4 of Section 21 and Part of the NE 1/4 NE 1/4 of Sec. 20, T86N-R43W of the 5th P.M. (Oto Twp.), Woodbury County, IA.
General Information:
This rolling nearly all tillable farm is in a high state of productivity and has had excellent farming practices. It has good access and contains a water conservation structure /pond in its SE corner. The farm is over 95% tillable with about a 50% corn base, a 91 bu. direct corn yield, and a 127 bu. c.c. corn yield. The soybean base is about 30% with a 27 bu. direct yield and a 33 bu. c.c. yield. Included with the tillable land is 4.5 A. of CRP @ $135.00/A., that expires 09/2012. The current annual net taxes are $2,262.00 for 155.21 taxable acres. The average CSR is 43.2.
Terms & Conditions:
Subsequent to successful private negotiations, the Buyer(s) shall pay 10% of the total purchase price upon signing a Real Estate Contract that states the remaining balance is due and payable when the Sellers have furnished an abstract showing merchantable title and give a Warranty Deed. Complete possession will be given at closing Buyer will receive the the entire 2010 CRP payments and all subsequent payments. The Sellers will pay that installment of real estate taxes normally delinquent October 1, 2010, and all prior taxes, if any. Please call for an on-site inspection.
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