Land Auction 112.86+/- Acres Madison County, NE

  • Sold

Auction on January 26, 2021

$559,221.30
Address: Madison County
State: Nebraska
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Property Description

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112.86+/- Acres Madison County, Nebraska

Selling On Our

UNRESERVED ONLINE AUCTION

January 26, 2021

Bidding opens January 12, 2021, and ends January 26, 2021, at  11:00 A.M.

This farm is selling on our unreserved online auction.  To register and bid, visit www.bigironrealty.com.

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 Realty

4860 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 registering to bid 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 11:00 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: Part of the SE ¼ of Section 29-23-3W Madison County, NE, containing 112.86+/- acres.

General Description: This dryland property has excellent soil health by incorporating some of the best soil conservation practices. It has been no-tilled since 1990, has been in a cover crop program for close to 20 years, and the farm has the yield history to prove it.  Soils on the property are predominately highly productive Silty Clay Loam and Loam soils with the balance Loamy Fine Sands. There are 86 acres of cropland, 19.98 acres in two CRP contracts, and the balance being trees and roads.  The CRP contract on 15.85 acres expires on 9/30/26 with an annual payment of $3,380.00.  The CRP contract on the 4.13 acres expires on 9/30/25 with an annual payment of $680.00.  All of the 2021 CRP payments will go to the Buyer.

*There is a Wind energy lease and easement on this property.

2019 Taxes:   $5,475.20

Land Location:  From the intersection of Hwy 32 and 539 Avenue (ADM Corner), go 7 miles north, then turn east and go 2 ½ miles on 835 Road.

Owner: Daniel Gillespie 

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 $50,000.00 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 will be 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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