February 22, 2019 @10:30 A.M.–Live Farmland/Pastureland Auction Of 149.03+/- Acres In Doon TWP, Lyon County, IA To Be Sold In Two Separate Tracts–Estate of Gilbert M. Postma (Gib Postma)–Owners—Tract # 1 sold For $6,200.00 Per Acre!!!!! Tract #2 Pastureland Parcel sold for $3,900.00 Per Acre!!! Thanks to the Family and and to all who attended!!!!

Notice Of Live Public Lyon County, Iowa Farm Land Auction

Of 149.03 Acres of Doon Twp, Lyon County, IA. Prime Farmland

To be sold in 2 separate tracts

Tract 1: 59.94 Farmland Acres Tract 2: 89.09 Acres of Farmland/Pastureland

Located North West of Doon, IA & South East of Alvord, IA.

February 22, 2019 @10:30 A.M.

Location: From the North edge of Doon, IA at the intersection of 250th St./Garfield Ave go 1 mile North on Garfield Ave to BLKTP 240th St. then go 1 ¾ Mile West to both tracts. Tract 1 is located North East of the BNSF RR Tracks.
Tract 2 is located South West of the BNSF RR Tracks
Auction signs will be posted! Auction will be held at the site of the land.
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Auctioneers Note: We are extremely honored to have been selected by the Postma Family to offer at live public auction these great tracts of farmland/pastureland!! This property has been in the Postma family for generations and is now for the first time being offered for sale!! Opportunities of this nature rarely present themselves!! Make plans today to purchase one or both of these excellent tracts!!

Legal Description of Tract 1- Parcel F & Parcel E in the SW1/4 of Section 15, TWP 98N, Range 46, West of the 5th P.M., Lyon County, IA.


General description of Tract 1: According to the survey, this property contains 59.94 gross acres. According to FSA, this farm contains approx. 58.23 tillable acres. This farm is and inside tract of farmland and has little to no waste and is 97% tillable. This farm has a corn & soybean base combined with the adjoining farmland with a PLC yield of 139bu. on corn and a PLC yield of 41bu. on soybeans. This farm is in the ARC County Farm Program. This farm is classified as NHEL. The predominant soil types include: 133-Colo, 311B-Galva, 430-Ackmore, 785-Spillco, 174B-Bolan, 37-Alcester, 890B-Moody, 401D2-Crofton, 486-Davis, 28C2-Dickman, 203-Cylinder, 910-Trent, 174C2-Bolan. The average CSR1 is 63.2 and the CSR2 is 74. This farm appears to have a good state of productivity and is well managed. The sale of Parcel F & Parcel E is contingent upon buyer obtaining a private crossing permit from BNSF Railroad. At the auction buyer will be required to complete an application for the permit. Seller agrees to accommodate the permit process. A copy of the permit application is available upon request. Closing of the sale of Parcel F & Parcel E shall occur on April 11, 2019 or upon the granting of said permit whichever event occurs last. In the event a permit is not obtained at no fault of buyer by June 1, 2019 the sale of Parcel F shall be deemed null and void and buyers down payment shall be refunded. Buyer shall then pay rent at a rate of $250.00 per acre x 58.23 acres for the crop year 2019 with the rent full in due on June 1, 2019This farm also has drainage tile installed through the center of the property. This is a great opportunity to buy a nearly all tillable tract of farmland with little to no waste. Make plans today to attend this auction!!


Legal Description of Tract 2: Parcel D in the SW1/4 of Section 15, TWP 98N, Range 46, West of the 5th P.M., Lyon County, IA.


General description of Tract 2: According to the survey, this property contains 89.09 gross acres. According to FSA, this farm contains approx. 44.68 tillable acres and approx. 41.73 acres of pastureland with balance in road/ditch. This farm has a corn & soybean base combined with the adjoining farmland with a PLC yield of 139bu. on corn and a PLC yield of 41bu. on soybeans. This farm is in the ARC County Farm Program. This farm is classified as NHEL, UHEL & HEL. The predominant soil types include: 785-Spillco, T410-Moody, 315-Alluvial, 133-Colo, 486-Davis, 174, B-Bolan, 541D-Esterville-Salida, 401C2, D2-Crofton, 410C2-Moody. The average CSR1 is 57.8 and CSR2 is 66.7 on the tillable farmland. The pastureland on this property has been well maintained and has a good supply of water with a running creek through the property. This farm appears to have a good state of productivity and is well managed. Farmland and pastureland in this area is rarely offered for sale and would make a great addition to your current operation or a great investment!! Make plans today to attend this auction!!!


NOTE: Parcel D is sold subject to Parcel D granting a 30’ access easement to Parcel F & Parcel E for access to Parcel F as shown per survey.


Method of sale: Tract 1 will be sold separate. Then Tract 2 will be sold. Tracts will not be combined. Both tracts will be sold with the final bid price x the gross acres.


Taxes: The current combined Real Estate Taxes for both tracts according to the Lyon County Treasurer are approx. $3,332.00 per year.


Possession: Possession of both tracts will be on March 1, 2019 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 April 11, 2019 when the buyer shall receive a clear and merchantable title to the property. These farms are 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 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 statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers and court approval. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Maureen McGill Hoogeveen–Attorney for sellers.

Estate of Gilbert M. Postma(Gib Postma) –Owners

Auctioneers:

Mark Zomer-712-470-2526—Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-712-470-2068—Blake Zomer-712-460-2552 Joel Westra-605-310-6941

Joel Westra Jr.-605-957-5222—Pete Atkins-605-351-9847

 

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  • Listing Status: Sold