35.743+/- Acres Clay County, Iowa

ID# BIR38

Location: Spencer, IA

Auction:Mar 7, 2019

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By bidding you are agreeing to terms and conditions of BigIron Realty. Click Terms and Conditions to view details. The bidding increments will be $50/acre. The final sale value will be calculated based on total acres times highest bid.

Closes:

158

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35.743+/- Acres Clay County, Iowa

UNRESERVED ONLINE AUCTION

Thursday, March 7, 2019

Bidding opens February 21st and ends March 7th at 10:00AM

Selling at unreserved online only auction is a Clay County, Iowa, Century Farm. The Kilpatrick family have been excellent stewards of the land. This farm has an average CSR2 of 75.1. The farm is conveniently located 1 mile from Spencer, Iowa. Numerous grain elevators are very short distance away. Please review the FSA information, drone video and photographs on www.bigironrealty.com or contact the listing agents for a personal showing of this quality farm.

Plan to Attend the Informational Meeting:

Spencer Just For Kix Dance

2722 Highway Blvd E

Spencer, Iowa 51301

BigIron Realty Agents will be available at 2722 Highway Blvd in Spencer, Iowa, on Wednesday, March 6, 2019, from 3:00 PM until 6:00 PM and on Thursday, March 7, 2019, from 8:00 AM until the conclusion of the online auction. Please come to receive assistance with registering to bid online or to answer any questions. You do not have to be present to bid online, but you are required to be available by phone.The bidding increments will be $50/acre.

The final sale price will be calculated based on the total acres times the highest bid. Auctioneer reserves the right to adjust bidding increments.

BIDDING PROCESS: You may place bids on this farm for 14 days beginning February 21, 2019, and ending March 7, 2019, at 10:00AM. 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 of the SW ¼ Section 32-97-36 Clay County, Iowa, containing 35.743+/- acres

2018 Taxes: $1,997.76

Land Location: 3260 230th Avenue Spencer, Iowa. Go north of Spencer, Iowa on Hwy 71 to E30th Street, then 1 mile east to 230th Avenue, then ¼ mile north. Watch for the Yellow BigIron Realty signs.

Owner: Kent & Lanette Kilpatrick

For more information, contact listing agents:

Mark Stock 712-794-4029 and Sam Harper 712-339-5002

Terms: The successful buyer will be required to enter into a written purchase agreement with a non-refundable 15% down payment the day of the auction. The balance will be due at closing on or before April 8, 2019. Buyer will receive full possession on the date of closing. The closing will be handled by National Escrow Service, 110 West 18th Street Spencer, Iowa. Seller will provide marketable title to the buyer evidenced by a current abstract or a title insurance commitment. Cost of title insurance, if used, will be divided equally between the seller and buyer. The current year real estate taxes will be prorated to date of closing. Property will not be sold subject to financing. 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 and Advantage Realty & Land Management are working for the seller.

Location

Bidding Increments

For amounts up to...

Increment

or larger

$50

Terms

The successful buyer will be required to enter into a written purchase agreement with a non-refundable 15% down payment the day of the auction. The balance will be due at closing on or before April 8, 2019. Buyer will receive full possession on the date of closing. The closing will be handled by National Escrow Service, 110 West 18th Street Spencer, Iowa. Seller will provide marketable title to the buyer evidenced by a current abstract or a title insurance commitment. Cost of title insurance, if used, will be divided equally between the seller and buyer. The current year real estate taxes will be prorated to date of closing. Property will not be sold subject to financing. 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 and Advantage Realty & Land Management are working for the seller.