Franklin County, IA Land Auction - Brocka

Tract Information

TRACT 1 - 115.42 SURVEYED ACRES

FSA information indicates 113.21 acres of tillable cropland.
Highly productive Readlyn, Clyde & Tripoli soils.
CSR2 is 87.3!
This tract is improved with a large amount of field drainage tile.
Access is on the east by Franklin Ave.
Estimated Real Estate Taxes: $4,666.00

TRACT 2 - 116.91 SURVEYED ACRES

FSA information indicates 112.64 acres of tillable cropland.
Highly productive Kenyon, Floyd & Tripoli soils.
CSR2 is 88.2!
This tract is improved with a large amount of field drainage tile.
Access is on the east by Franklin Ave. & on the south by 200th St.
Estimated Real Estate Taxes: $4,667.00

Method & terms

The Brocka farm will be sold on a price per acre basis, based on a survey that has recently been completed. Both tracts will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder elects only one of the tracts, then the remaining tract will be sold. The tracts will NOT be offered together at the conclusion of the auction. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Wednesday, July 20, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession on both tracts will be given at the time of closing subject to a lease with the current tenant for the 2022 crop year. Buyer(s) will receive 50% of the cash rent as a credit at closing. For complete details, contact the auction company.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate is being sold “As Is”.