Land Auction 154.33+/- Acres Madison County, NE

  • Sold

Auction on February 16, 2021

$7,750.00 / Acre
Address: 542 Avenue & 834 Road
State: Nebraska
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Property Description

154.33+/- Acres Madison County, Nebraska 
Selling On Our 
February 16, 2021
Bidding opens February 2, 2021, and ends February 16, 2021, at 10:00 AM
Located near Madison County’s center in Northern Schoolcraft township is this 100% farmable dryland farm with Clay Loam soils. The farm was planted to corn last year. There is a double pole power line that passes across the northeast corner of the farm. A building site located approximately mid-way along the north boundary is not included in the sale. Possession for the 2021 crop year will be given at closing. This property is under a wind tower study contract with Lincoln Clean Energy, 2021, and future payments will go to the Buyer.
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 Office
516 Hale Avenue
Newman Grove, NE 68758
BigIron Realty Agents will be at the BigIron Realty office in Newman Grove, NE, on February 16, 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 February 2, 2021, and ending February 16, 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 NW ¼ less a tract in Section 4-22-3W Madison County, NE, containing 154.33+/- acres.
2020 Taxes: $10,012.68
Land Location: From Battle Creek, NE, go 5 miles south to 834th Road, then 3 ½ miles west (south side). Or from Meadow Grove, NE, go 7 miles south to 834th Road, then 3 miles east.
Owner: Edith G. Radenslaben
For more information, contact listing agent:
Dennis Fowlkes 402-741-0809
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a $50,000 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 15, 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.

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