Harrison County Iowa Land Auction

264.43 acres m/l Harrison County Land Auction
Sections 8 & 9 - LaGrange Township
Live Auction w/Online Bidding
Friday, January 10th @ 11am
Auction Location: Twisted Tail Steakhouse & Saloon, Beebeetown
2849 335th St, Logan, IA
Directions to the Farms: Farm is located 3 miles East of Missouri Valley, IA. Tract 1 has 3/4 mile of road frontage on 296th St, Tracts 2 and 3 have frontage on 300th St. Signs Posted.
Tract 1 - 104.43 acres m/l
Legal Description: S ½ NE ¼ except acreage and Parcel A Section 8, and SW ¼ NW ¼ Section 9, Twp 78, Range 43, Harrison County, Iowa.
Cropland: 84.53 per FSA.
CSR2: 59.2 per Surety Maps
Improvements: 2 - grain bins. 24x17 built in 1973 and 27x18 built in 1974
Taxes: $3046 for 2023. Prorated to the date of closing.
FSA bases are currently combined with Tracts 1 and 2. Bases will be split by FSA after closing.
Tract 2 - 80 acres m/l/64.37 tillable acres/44.5 CSR2
Legal Description: The W ½ SE ¼ and Parcel A Section 8, Twp 78, Range 43, Harrison County, Iowa
Cropland: 64.37 per FSA.
CSR2: 44.5 per Surety Maps
Taxes: $1746 for 2023. Prorated to the date of closing.
FSA bases are currently combined with Tracts 1 and 3. Bases will be split by FSA after closing.
Method of Auction: Farm will sell 80 acres times the bid.
Tract 3 - 80 gross acres/55.83 tillable acres/63.6 CSR2
Legal Description: The E ½ SW ¼ Section 9, Twp 78, Range 43, Harrison County, Iowa.
Cropland: 55.83 per FSA.
CSR2: 63.6 per Surety Maps
Taxes: $2286 for 2023. Prorated to the date of closing
FSA bases are currently combined with Tracts 1 and 2. Farm is no longer enrolled in CRP. Bases will be split by FSA after closing.
Method of Auction: Farm will sell 80 gross acres times the bid.
Possession: Current tenant has been terminated. Sellers retain 100% of the 2024 cash rent. New buyer on each tract will receive full possession March 1, 2025 and full farming rights for the 2025 crop year.
Online bidding: Parties interested in bidding online shall register at www.spencergroups.com and submit a bank letter of creditworthiness to the Spencer Groups office by contacting 712-644-2151.
Terms: Sellers have the right to accept or reject the final bid on each tract. Upon acceptance by the Sellers, Buyer of each tract to place a 10% non-refundable earnest deposit in the Blair Title Trust account, where it will be held until closing. Sellers will provide an updated abstract on each tract. Buyers shall have a title opinion rendered by their attorney of choice, at the buyers expense. Each party will pay normal closing costs associated with closing a real estate transaction.
Closing: Closing to be on or before February 10th, 2025.
Agency: Spencer Groups, INC/Ed Spencer Real Estate/Farms America, INC are agents for and represent the SELLERS in this transaction. All bidders shall be considered customers, not clients. A Seller in this transaction is a licensed real estate agent in the State of Iowa.
Disclaimer: See website for full disclaimer.
Auctioneers Note: BUYER ALERT!!! The Family of Larry Myer are selling 264.43 acres of LaGrange Township Farmland! This land is highly productive with an excellent location. Each tract offers excellent building sites and Tract 3 has a pond and trees with fishing and hunting potential. These Tracts deserve your attention! Tract 1 has ¾ mile of pavement frontage on 296th Street. Ed Spencer
The Family of Larry Myer, Owners
Ed Spencer, Broker/Auctioneer 402-510-3276
Spencer Groups, INC
322 E. 7th St, Logan, IA 51546
www.spencergroups.com