72+/- Acres Boone County, Nebraska
Selling in 2 Tracts
UNRESERVED ONLINE AUCTION
October 28, 2021
Bidding opens October 14, 2021, and ends October 28, 2021, at 10:00 a.m. CDT
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 total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
2588 N Hwy 14
BigIron Realty Agents will be at the Cardinal Inn in Albion, NE, on October 28, 2021, from 8:00 a.m. CDT until the conclusion of the online auction. Please come during the time 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 14, 2021, and ending October 28, 2021, at 10:00 a.m. CDT. 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.
Tract 1: 62+/- acres
This 62+/- acre farm is pivot irrigated with an older, seven tower pivot and has 52.5 certified irrigated acres, according to the Lower Loup NRD. There is an electric well on tract 2 that is the water source for tract 1. There will be an easement provided before closing for use, access, and maintenance of the well on tract 2. It is planted in soybeans this season. There is excellent access with a blacktop road to the east.
Tract 2: 10+/- acres
This 10+/- acre farm is dryland with excellent access to a blacktop road to the south. An electric well by the south road on tract 2 is the water source for tract 1. There will be an easement provided before closing for use, access, and maintenance of the irrigation well on tract 2. The City of Cedar Rapids owns and maintains the City well in the building on this property. The purchase agreement will require a non-compete clause prohibiting the Buyer from developing the site into a business enterprise that would compete with the Seller’s business operations. It is planted in soybeans this season.
Both farms are close to local markets, including an Ethanol plant. Add these two productive farms to your operation with the Power of BigIron Realty!
Legal Description: Tract 1: FR of SW ¼ Section 5-T18N-R7W Boone County, NE, containing 62+/- acres.
Tract 2: FR of SW ¼ Section 5-T18N-R7W Boone County, NE, containing 10+/- acres.
2020 Taxes: Tract 1: $2,579.22
Tract 2: $387.58
Land Location: South of Country Partners Cooperative Cedar location.
Owner: Country Partners Cooperative
Title Services: Boone County Title, Albion.
For more information, contact listing agent: Rex Mahoney at 402-649-1816
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 for tract 1 and $30,000 for tract 2 to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before December 2, 2021. Possession will be January 1, 2022. The 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 2021 real estate taxes, and the Buyer will pay the 2022 real estate taxes. 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.