Bidding opens October 15, 2020, and ends October 29, 2020, at 11:00 A.M.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
4860 33rd Ave
Columbus, NE 68601
BigIron Realty Agents will be at the BigIron Realty office in Columbus, NE, on October 29, 2020, 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 October 15, 2020, and ending October 29, 2020, at 11:00 A.M. This unreserved online auction features bidding extensions. The closing times will be automatically extended when any one of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract. 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.
Tract 1: SOLD: 6,400/Acre
General Description: This pivot irrigated farm is located just northeast of David City, NE. Included in the sale are a 9-tower Zimmatic pivot, a 100HP Amarillo gearhead, and nine pivot bridges. Seller is retaining the power unit and generator, fuel tank, and driveshaft. This property lays nice, has a very good well, and has great access. A portion of the east side has been tiled. There is an easement that runs through this property for the landowner to the south.
**Please note** Tract #1 is selling as 94.55 acres total. Jim & Gail Plasek’s portion makes up 55.95 acres, and Martin & Cynthia Plasek are selling 38.6 acres with it that adjoin. This property will have two purchase agreements at the conclusion of the sale and close as two transactions with separate closing fees. See closing terms.
Legal Description: Part of the N ½ of the NE ¼ & the N ½ of the SW ¼ of the NE ¼ all in Section 14-15-3E Butler County, NE, containing 94.55+/- acres.
2019 Taxes: $6,070.82
Land Location: From the intersection of Hwy 15 and the Bruno/Abie spur north of David City, NE, go 4 ½ miles east.
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 (See below for special closing terms) possession will be on March 1, 2021. 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 2020 real estate taxes will be paid by the Seller, 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 the 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.
Tract 1. The closing on Martin Plasek’s portion of the property (38.6 Acres) will take place on December 22, 2020. The balance owned by James Plasek will close in 1/3’s. 1/3 on December 22, 2020, 1/3 January 5, 2021 and the last 1/3 on January 5, 2022. Interest will only be charged on the last 1/3 at a 3% rate. This property will have two purchase agreements at the conclusion of the sale and close as two transactions with separate closing fees.
Tract 2. This property will close in 1/3’s as well. 1/3 on December 22, 2020, 1/3 January 5, 2021 and the last 1/3 on January 5, 2022. Interest will only be charged on the last 1/3 at a 3% rate.