THIS IS A COMPLETED SALE
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Land Auction - Ringgold County Iowa
Previous Page Listing ID#: 91337

Auction Location
Lenox, IA 50851

Auction Dates and TimesSALE IS COMPLETED
Friday Sep 28, 2018 Completed

Auction Type
Live Auction

Company Information
Spencer Auction Company Website: www.spencergroups.com GoToAuction.com ID#: 4859 View company information and listings

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Listing Terms and Conditions
Terms: 10% down due day of auction on each tract to be deposited with Clear Title & Abstract, with balance due on or before October 29, 2018. Successful bidders will enter into a purchase contract at the auction site immediately following the auction. Final bids are subject to the owner’s approval. your bidding is not subject to financing, so your financing must be arranged prior to the auction. Possession: Landlords possession at close. Seller to retain 100% of the 2018 crop on each tract. Buyers to receive full possession and full farming rights for the 2019 crop year. Title: Sellers will provide abstracts showing marketable title and Warranty Deeds at closing. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an as is where is basis, and no warranty or representation, either expressed or implied concerning the property is made by the sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to the verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on aerial photographs. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.

Listing Terms and Conditions

Terms: 10% down due day of auction on each tract to be deposited with Clear Title & Abstract, with balance due on or before October 29, 2018. Successful bidders will enter into a purchase contract at the auction site immediately following the auction. Final bids are subject to the owner’s approval. your bidding is not subject to financing, so your financing must be arranged prior to the auction. Possession: Landlords possession at close. Seller to retain 100% of the 2018 crop on each tract. Buyers to receive full possession and full farming rights for the 2019 crop year. Title: Sellers will provide abstracts showing marketable title and Warranty Deeds at closing. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an as is where is basis, and no warranty or representation, either expressed or implied concerning the property is made by the sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to the verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on aerial photographs. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.

Listing Video

File Attachments
hogan_auction.pdf

Listing Information
Land Auction 556 acres Ringgold County, Iowa Friday September 28th @ 1pm Lenox Community Center, Lenox Iowa 210 East Dallas Street Directions to the Farm: From Creston IA -South on Co. Rd P27, 13 1/2 mi, then west 2 1/2 mi. on 120th St. or From Corning IA - East on US34 13 1/2 mi, then South on IA-25 7 1/2 mi, then East on 120th 2 1/2 miles to the bin site. Tract 1 - 158 Taxable Acres - 128.54 Tillable Acres Legal Description: The SE 1/4 Section 8, Township 70, Range 31, Ringgold County, Iowa. Taxes: $3316.00 for 2016 tax year Method of Auction: Farm will be sold on a dollar per taxable acre basis CSR 2 - 66.4 per Surety Maps Tract 2 - 398 Taxable Acres - 306.64 Tillable Acres Legal Description: The W1/2 NE1/4; the E1/2 NW1/4; the NW1/4 NW1/4; the East 20 acres of the SW1/4 NW1/4; the E1/2 SE1/4; the NW1/4 SE1/4; the NE1/4 SW1/4, and the NW1/4 SW1/4 except 6 acres, all in Section 16, Township 70, Range 31, Ringgold County, Iowa. Taxes: $8026.00 for 2016 tax year Improvements: 2 grain bins, one 30x18 and one 36x14 Forest Reserve: 53.62 acres currently enrolled in Forest Reserve Method of Auction: Farm will be sold on a dollar per taxable acre basis CSR 2 - 74.3 per Surety Maps Tract 3 - 556 Taxable Acres/435.18 Tillable Acres Combination of Tracts 1 and 2 FSA Information: Farm# 471 Tract# 9 Cropland: 435.18 Corn Base: 176.8 PLC Yield: 100 Bean Base: 176.8 PLC Yield: 41 Note: Tracts 1 and 2 will be offered individually and then offered combined as Tract 3. The farm will be sold in the manner that realizes the most total dollars for the seller. Terms: 10% down due day of auction on each tract to be deposited with Clear Title & Abstract, with balance due on or before October 29, 2018. Successful bidders will enter into a purchase contract at the auction site immediately following the auction. Final bids are subject to the owner’s approval. your bidding is not subject to financing, so your financing must be arranged prior to the auction. Possession: Landlords possession at close. Seller to retain 100% of the 2018 crop on each tract. Buyers to receive full possession and full farming rights for the 2019 crop year. Title: Sellers will provide abstracts showing marketable title and Warranty Deeds at closing. Auctioneers Note: Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an as is where is basis, and no warranty or representation, either expressed or implied concerning the property is made by the sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to the verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on aerial photographs. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate are agents for, and represent the sellers. All bidders will be considered customers, not clients. Loretta Hogan Trust, Owner Farms America, INC Ed Spencer Real Estate & Auction Company 322 E 7th St Logan, IA 51546 712-644-2151 - office Ed Spencer, Broker/Auctioneer - 402-510-3276 Luke Spencer, Salesperson/Auctioneer - 402-510-5853 Steve Christiansen, Ringman www.farmsamerica.com

Listing Information

Land Auction
556 acres Ringgold County, Iowa

Friday September 28th @ 1pm
Lenox Community Center, Lenox Iowa
210 East Dallas Street

Directions to the Farm:    From Creston IA -South on Co. Rd P27, 13 1/2 mi, then west 2 1/2 mi. on 120th St. or From Corning IA - East on US34 13 1/2 mi, then South on IA-25 7 1/2 mi, then East on 120th 2 1/2 miles to the bin site.

Tract 1 - 158 Taxable Acres - 128.54 Tillable Acres
Legal Description: The SE 1/4 Section 8, Township 70, Range 31, Ringgold County, Iowa.
Taxes: $3316.00 for 2016 tax year
Method of Auction:    Farm will be sold on a dollar per taxable acre basis
CSR 2 - 66.4 per Surety Maps

Tract 2 - 398 Taxable Acres - 306.64 Tillable Acres
Legal Description: The W1/2 NE1/4; the E1/2 NW1/4; the NW1/4 NW1/4; the East 20 acres of the SW1/4 NW1/4; the E1/2 SE1/4; the NW1/4 SE1/4; the NE1/4 SW1/4, and the NW1/4 SW1/4 except 6 acres, all in Section 16, Township 70, Range 31, Ringgold County, Iowa.
Taxes: $8026.00 for 2016 tax year
Improvements:    2 grain bins, one 30x18 and one 36x14
Forest Reserve:    53.62 acres currently enrolled in Forest Reserve
Method of Auction:    Farm will be sold on a dollar per taxable acre basis
CSR 2 - 74.3 per Surety Maps

Tract 3 - 556 Taxable Acres/435.18 Tillable Acres
Combination of Tracts 1 and 2

FSA Information:    Farm# 471    Tract#    9
Cropland:    435.18
Corn Base:    176.8    PLC Yield:    100
Bean Base:    176.8    PLC Yield:    41

Note: Tracts 1 and 2 will be offered individually and then offered combined as Tract 3. The farm will be sold in the manner that realizes the most total dollars for the seller.

Terms:    10% down due day of auction on each tract to be deposited with Clear Title & Abstract, with balance due on or before October 29, 2018. Successful bidders will enter into a purchase contract at the auction site immediately following the auction. Final bids are subject to the owner’s approval. your bidding is not subject to financing, so your financing must be arranged prior to the auction.

Possession:    Landlords possession at close. Seller to retain 100% of the 2018 crop on each tract. Buyers to receive full possession and full farming rights for the 2019 crop year.
Title:    Sellers will provide abstracts showing marketable title and Warranty Deeds at closing.

Auctioneers Note:

Disclaimer:    Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an as is where is basis, and no warranty or representation, either expressed or implied concerning the property is made by the sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to the verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on aerial photographs. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.

Agency:    Farms America, INC/Ed Spencer Real Estate are agents for, and represent the sellers. All bidders will be considered customers, not clients.

Loretta Hogan Trust, Owner

Farms America, INC
Ed Spencer Real Estate & Auction Company
322 E 7th St Logan, IA 51546
712-644-2151 - office
Ed Spencer, Broker/Auctioneer - 402-510-3276
Luke Spencer, Salesperson/Auctioneer - 402-510-5853
Steve Christiansen, Ringman
www.farmsamerica.com

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Land Auction - Ringgold County Iowa

Spencer Auction Company

Contact:
Phone:

210 East Dallas St
Lenox, IA 50851

Friday Sep 28, 2018 Completed

Listing Details
Land Auction 556 acres Ringgold County, Iowa Friday September 28th @ 1pm Lenox Community Center, Lenox Iowa 210 East Dallas Street Directions to the Farm: From Creston IA -South on Co. Rd P27, 13 1/2 mi, then west 2 1/2 mi. on 120th St. or From Corning IA - East on US34 13 1/2 mi, then South on IA-25 7 1/2 mi, then East on 120th 2 1/2 miles to the bin site. Tract 1 - 158 Taxable Acres - 128.54 Tillable Acres Legal Description: The SE 1/4 Section 8, Township 70, Range 31, Ringgold County, Iowa. Taxes: $3316.00 for 2016 tax year Method of Auction: Farm will be sold on a dollar per taxable acre basis CSR 2 - 66.4 per Surety Maps Tract 2 - 398 Taxable Acres - 306.64 Tillable Acres Legal Description: The W1/2 NE1/4; the E1/2 NW1/4; the NW1/4 NW1/4; the East 20 acres of the SW1/4 NW1/4; the E1/2 SE1/4; the NW1/4 SE1/4; the NE1/4 SW1/4, and the NW1/4 SW1/4 except 6 acres, all in Section 16, Township 70, Range 31, Ringgold County, Iowa. Taxes: $8026.00 for 2016 tax year Improvements: 2 grain bins, one 30x18 and one 36x14 Forest Reserve: 53.62 acres currently enrolled in Forest Reserve Method of Auction: Farm will be sold on a dollar per taxable acre basis CSR 2 - 74.3 per Surety Maps Tract 3 - 556 Taxable Acres/435.18 Tillable Acres Combination of Tracts 1 and 2 FSA Information: Farm# 471 Tract# 9 Cropland: 435.18 Corn Base: 176.8 PLC Yield: 100 Bean Base: 176.8 PLC Yield: 41 Note: Tracts 1 and 2 will be offered individually and then offered combined as Tract 3. The farm will be sold in the manner that realizes the most total dollars for the seller. Terms: 10% down due day of auction on each tract to be deposited with Clear Title & Abstract, with balance due on or before October 29, 2018. Successful bidders will enter into a purchase contract at the auction site immediately following the auction. Final bids are subject to the owner’s approval. your bidding is not subject to financing, so your financing must be arranged prior to the auction. Possession: Landlords possession at close. Seller to retain 100% of the 2018 crop on each tract. Buyers to receive full possession and full farming rights for the 2019 crop year. Title: Sellers will provide abstracts showing marketable title and Warranty Deeds at closing. Auctioneers Note: Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an as is where is basis, and no warranty or representation, either expressed or implied concerning the property is made by the sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to the verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on aerial photographs. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate are agents for, and represent the sellers. All bidders will be considered customers, not clients. Loretta Hogan Trust, Owner Farms America, INC Ed Spencer Real Estate & Auction Company 322 E 7th St Logan, IA 51546 712-644-2151 - office Ed Spencer, Broker/Auctioneer - 402-510-3276 Luke Spencer, Salesperson/Auctioneer - 402-510-5853 Steve Christiansen, Ringman www.farmsamerica.com