159.45+/- Acres Madison County, NE

  • Sold

Auction on January 26, 2021

$1,203,847.50
Address: 823 Road & 542 Avenue
State: Nebraska
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Property Description

159.45+/- Acres Madison County, Nebraska 
Selling On Our 
UNRESERVED ONLINE AUCTION
January 26, 2021
Bidding opens January 12, 2021, and ends January 26, 2021, at 10:00 AM
General Description: This dryland property consists of approximately 120 acres of cropland and 34.5 acres of grass. There is a submersible well located on the old farmstead. This farm is only minutes away from Lindsay, NE, and has good gravel road access.
* Note*  There is concrete in some of the ditches located on the property and the Buyer will be accepting it that way.
 
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
 
Plan to Attend the Informational Meeting & Auction:
BigIron Realty4860 33rd Ave
Columbus, NE 68601
 
BigIron Realty Agents will be at the BigIron Realty office in Columbus, NE, on January 26, 2021, from 9:00 A.M. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist buyers with bidding online. You do not have to be present to bid online, but you are required to be available by phone.
 
BIDDING PROCESS: You may place bids on this farm for 14 days beginning January 12, 2021, and ending January 26, 2021, at 10:00 A.M. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
 
Legal Description: The SW ¼ less a tract in Section 28-21-3W Madison County, NE, containing 159.45+/- acres.
 
2019 Taxes: $6,603.54
 
Land Location: From the intersection of Hwy 91 and 430 Avenue just east of Lindsay, NE, go 4 miles north. Or, from the intersection of Hwy 32 and 542 Avenue, go 4 ½ miles south.
 
Owner: Irene M. Ehlers Trust – Ruth Pieken Trustee
James A. Fehringer Attorney for the Trust
For more information, contact listing agents:
“Your Farm & Ranch Specialists”
Jim Stock 402-920-0604 or John Stock 402-920-3180
 
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a $100,000.00 non-refundable down payment to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or by wire transfer. The balance will be due at closing on or before March 3, 2021. Possession at closing. Seller will provide marketable title to the Buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller. The Seller will pay the 2020 real estate taxes, and the 2021 real estate taxes will be paid by the Buyer. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the Real Estate Agent. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed, or implied and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the Seller.

Property Information

  • Type:

    Farmland

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John Stock

Associate Broker

Colorado, Nebraska, South Dakota

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