Wednesday – October 22, 2008 – 10:00 am
Humeston Community Center, Humeston, Iowa
Location: 2-1/2 miles East of Humeston on Wayne County Road J22.
Legal: The Northwest fractional Quarter (NW frl 1/4) and the South Half (S1/2) of the Northeast Quarter (NE1/4) and all of the Southeast Quarter (SE1/4) lying North of the Chicago, Burlington, and Quincy Railroad right of way; all in Section Nineteen (19) Township Seventy (70) North, Range Twenty-two (22), West of the 5th P.M. in Wayne County, Iowa. The 2.4 acre acreage on Wayne County Road J22 is not included in this sale.
Land Description: A highly terraced and well tiled mostly tillable unimproved tract of gently rolling Wayne County farmland. The tillable cropland is in seven fields divided by waterways, the two larger fields are 147.14 acres and 131.32 acres. The Kost farm has over 12,700 feet of terraces and 18,300 feet of tile installed. Several small ponds and numerous waterways provide drainage. The Kost farm is bordered by Wayne County Road J22 on the north, a gravel road (80th St.) on the east, and a minimum maintence road (70th St) on the west. The 2.4 acre improved building site located on Wayne County Road J22 is not included in this sale.
| FSA Information: |
| |
Cropland acres |
313.8 |
| |
Corn Base acres |
150.7 |
| |
Corn Direct / CC Yield |
107/120 |
| |
Soybean Base acres |
163.1 |
| |
Soybean Direct / CC Yield |
34/40 |
Soils: Majority of soils are Grundy, Edina Clarinda, Lamoni and Olmitz-Vesser.
Average CSR: 49.6
RE Taxes: $4778.00 annually. Real Estate taxes prorated to January 1, 2009
Possession: At closing December 10, 2008.
Terms: 10 percent down day of sale. Balance due at close on or before December 10, 2008.
Brokers Note: The Acre Company is pleased to be selling the Kost farm in Wayne County at public auction. The Kost farm is an attractive mostly tillable farm on a hard road with over 2 miles of terraces and nearly 3.5 miles of drainage tile installed that can be depreciated. This sale is subject only to the approval of the Sellers at the auction. The Kost farm will be offered as one large contiguous tract. See you sale day!
Briley, Mosebach, Coffey - Owners
Attorney: Verle Norris, Norris Law Office, Corydon,IA
Broke / Real Estate Auctioneerr: Jon Hjelm / The Acre Co. 712-240-3529 |
