March 23, 2022 10:30 am

Sioux County, IA, Farmland Auction of 124.5+/- Acres. Sold for $22,100 per acre!

Floyd Township

Owners: Virgil & Pam Solsma

From the intersection of B40 and Log Ave on the East Edge Of Hospers, IA go East on B40 (400th St) for 1 1/4 Mile to the Farm. Farm is located on the South side of B40 (400th St) and on the East side of Marsh Ave.

This Farmland Is Located Just East of Hospers, IA!

This Is a Great Tract Of Farmland With Excellent Soil Ratings!

This Farm Is Leased For The 2022 Crop Year & Buyer Will Receive The Full Rent For 2022 And Will Receive A Rent Subsidy From The Seller!

 

 

Auctioneers Note: Our company is honored to have been selected by Virgil & Pam to offer for sale this excellent tract of farmland with excellent soil ratings! This farmland is in a great location! If you are looking to expand your current operation or for a great investment property then be sure to call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!!

 

Legal Description: The NW1/4 of Section 12, TWP 95N, Range 43W, Sioux County, IA EXCEPTING Parcel B AND Excepting Tracts in the N1/2 of thereof. This property will be surveyed prior to auction day.

 

General description: According to the Sioux County, IA assessor, this property contains 124.5+/- gross acres (To be adjusted after certified survey). According to FSA this farm contains approx. 123.08 tillable acres with the balance in road and ditch. This farm has a corn base of 73.23 acres with a PLC yield of 180bu. and has a soybean base of 34.41 acres with a PLC yield of 53bu. and a oats base of 2.68 acres with a PLC yield of 61bu. This farm is classified as NHEL. The predominant soil types include: 310, B-Galva, 133-Colo, 91, B-Primghar, 92-Marcus, 78B2-Sac. The average CSR1 is 69.7 and the average CSR2 is 93. This farm appears to have a good state of productivity and is well managed. This is a high quality farm in a great area! This farm has several thousand feet of drainage tile line installed! This farmland would make a great addition to your current farming operation or would make a great investment opportunity!!  Make plans today to attend this auction!!! This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 from the current tenant and the seller will also be subsidizing the rent also. This is a great opportunity!

 

Method of sale: The farm will be sold with the final bid price x the gross surveyed acres. This farm will be surveyed and the final bid price will be multiplied by the final gross surveyed acres. Auction will be held at the site of the Land.

 

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $3,642.00 per year. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

 

Possession: Possession will be on March 1, 2023 due to the current farm lease. Buyer will receive the full rent for 2022 from the seller and seller will also be subsidizing the rent for 2022.

 

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 2, 2022 when the buyer shall receive a clear and merchantable title to the property. Penalties may apply should buyer delay closing. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. All buyers are encouraged to do buyers due diligence. Buyer is responsible to terminate the current lease prior to Sept 1. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. – Michael R. Bovee—Attorney for Seller.

 

 

 

Auctioneers:

Mark Zomer – 712-470-2526
Joel Westra Jr. –605-957-5222
Gary Van Den Berg – 712-470-206
Blake Zomer – 712-460-2552
Darrell Vande Vegte – 712-470-1125
Ryan Zomer – 712-441-3970

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