Cashew avenue and Highway 175, Onawa, IA 51040 - Monona County

304.91 Acres, m/l, in Sections 8 and 9, Lincoln Twp., Monona County, Iowa (Offered in 2 Parcels)

LIVE PUBLIC

LAND AUCTION

Friday, January 24, 2025 - 10:00 a.m.

Auction Location:

Onawa Community Center 320 10th St., Onawa, IA 51040

Farm Locations

Parcel 1- From Onawa, IA Near McDonalds: Depart and head west on IA-175 / Iowa Ave for 4.8 miles. At this point you will be located at the SE corner of Parcel One. Land lies north of Hwy 175. Watch for Signs.

Parcel 2- From Onawa, IA Near McDonalds: Depart and head west on IA-175 / Iowa Ave for 3.9 miles. At this point you will be located at the SE corner of Parcel Two. Land lies north and westerly of Hwy 175. Watch for Signs.

Farm Description: Selling Two Parcels of Productive Western Iowa/Monona County Farmland. Each parcel has received excellent farm management practices. These farms have each experienced long-term ownership. (The first 12 still photos here show Parcel 1 and then thereafter there are 19 photos showing Parcel 2)

Legal Descriptions

Parcel 1 8-83N-46W Lincoln Twp., Monona County, Iowa. Abstract to Govern.

Parcel 2 9-83N-46W Lincoln Twp., Monona County, Iowa. Abstract to Govern.

Real Estate Taxes

Parcel 1-Annual Tax: $2,590

Net Taxable Acres: 75.89

Parcel 2- Annual Tax: $8,088

Net Taxable Acres: 229.02

The following FSA Data has both Parcel One and Two together currently. Buyers will have to take a Deed of Ownership to FSA getting them split if sold separately. Combined Farmland Acres for the two parcels is 309.42, Combined Cropland Acres 303.92, Corn Base Acres 148.90, Soybean Base Acres 154, Combined PLC Corn Yield 125, and Combined PLC Soybean Yield 34.

Parcel 1 - FSA Data Tract 1655

Cropland Acres: 75.57

Parcel 2 - FSA Data Tract 1655

Cropland Acres: 226.67

Soil Types/Productivity - See soil map for details, 2023 AgriData, Inc.

Parcel 1- Primary soil Albaton silty clay, and Onawa silty clay.

CSR2 Average: 61.2

Soil Types/Productivity - See soil map for details, 2023 AgriData, Inc.

Parcel 2- Primary soil Albaton silty clay, and Owego silty clay, and Onawa silty clay.

CSR2 Average: 62.9

Land Descriptions

Tract 1 Level Bottom Land suitable for Pivot Irrigation.

Tract 2 Level Bottom Land suitable for Pivot Irrigation.

Buildings/Improvements

With Parcel Two there is Present along west road Cashew Ave an older well head. Parcel One currently has Pipelines on approx. 0.44 acres. If there is any information to share regarding Pipeline on Auction Day we will report it.

Auction Information

Method of Sale

Property will be offered as two individual tracts of land

Bids will be $/acre x 75.89 Acres forParcel 1

Bids will be $/acre x 229.02 Acres forParcel 2

Seller reserves the right to refuse any and all bids.

Terms and Possession

10% down payment required the day of the sale. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase on or before March 28, 2025, or after any objections to title have been cleared. Landlord Possession at Closing subject to the continuous rights of the 2025 Crop Year to Tenants Hobbs Family Farms, Inc. and Kyler L. Hobbs. Notice was not given. Buyer or Buyers shall receive on Crop Acres as follows $20,002.67 for Rent on Parcel One and $59,997.33 for Rent on Parcel Two due after Closing by Tenants Hobbs Family Farms, Inc. and Kyler L. Hobbs. Taxes will be prorated to date ofclosing.

Announcements

Properties are being sold on anAS IS, WHERE ISbasis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this advertising is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer and Seller at the auction are final. Parcels are subject to any Easements of Record.