BOB & MARY FINKEN FARMS

MARY H. FINKEN ESTATE, OWNER
 REAL ESTATE AUCTION
279.71 ACRES
SECTIONS 19&5, UNION TOWNSHIP,  SHELBY CO., IA, 

FRIDAY, SEPTEMBER 30TH,  2022  @ 11:00am  

SIMULCAST ONLINE BIDDING AVAILABLE DURING LIVE AUCTION
Please go to www.jimschabenrealestate.com for details.                    
SALE LOCATION:  St. Joseph Parish Hall, Main St., Earling, Iowa

 


TRACT 1: 67.26 ACRES CSR2 71.9

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  The farm is located 1/2 mile West of the intersection of M-16 & 210th St. OR 1 1/2 miles North of Earling, farm is on the North side of 210th St.

PHYSICAL DESCRIPTION: A nearly level tract of highly producing farmland that is 1/2 mile from a hard surface road (M-16)

FSA INFORMATION:  Farm #: 5874    Tract# 940
Farmland: 68.90 Acres

Cropland: 65.14 Acres     CSR #2:  71.9
Corn Base Acres: 34.64 Acres Corn Yield: 176 Bu.
Soybean Base Acres: 25.08 Acres Soybean Yield: 50 Bu.

Oat Base Acres: 1.54 Acres Oat Yield: 61 Bu.

CRP: 1.43 Acres
Soil Types:  Ackmore, Judson-Ackmore-Colo, Monona, and Ida Silt Loams
Taxable Acres:  67.26      TAXES:  $2176.00

 

TRACT 2: 212.45 ACRES CSR2 67.1

LEGAL DESCRIPTION:  For a copy of the legal description please contact Schaben Real Estate.
FARM LOCATION:  The farm is located  4 3/4 mile North of Earling on M-16. Farm is located on the East side of M-16

PHYSICAL DESCRIPTION: A highly productive gently rolling farm that has been operated with conservation based practices.

FSA INFORMATION:  Farm #: 6951    Tract# 17546
Farmland: 211.14 Acres

Cropland: 209.60 Acres     CSR #2:  67.1
Corn Base Acres: 120.90 Acres Corn Yield: 172 Bu.
Soybean Base Acres: 78.4 Acres Soybean Yield: 47 Bu.
Soil Types:  Monona, Judson Ackmore-Colo Overwash, Ackmore & Ida Silt Loam
Taxable Acres:  212.45     TAXES:  $6484.00


TERMS: At the conclusion of the auction the buyer(s) will be asked to sign a Real Estate Contract putting 20 percent of the sale price in escrow with Salvo, Deren, Schenck, Gross, Swain, & Argotsinger, PC Law Firm Trust Account, Marcus Gross, Attorney. Balance of the funds will be due and payable on or before closing on November 15th, 2022.  Sellers will furnish buyer(s) with abstract showing marketable title and deed. Taxes will be prorated to closing date and paid by sellers. Buyer(s) to receive full farming rights for the 2023 crop year.
CLOSING DATE: On or before November 15th, 2022
POSSESSION:  Landlords possession at closing. Full possession and full farming rights on March 1st, 2023.  Sellers retain all 2022 rental income.

ADDITIONAL CONDITIONS:  Property is being sold “as is” subject to any current right-of-ways or easements. All information has been gathered from sources deemed reliable, however neither Mary H. Finken Estate nor Schaben Real Estate, LLC make any guarantees, either expressed or implied, as to their accuracy. It is the responsibility of the buyer(s) to exercise due diligence to verify any and all figures. Any announcements made day of sale take precedence over printed material. All bidding increments are at the discretion of Schaben Real Estate, LLC. Successful bidder(s) will enter into a purchase agreement contract at the conclusion of the auction. Sale is not contingent on Buyer(s) financing. 
AGENCY DISCLOSURE: Schaben Real Estate, LLC  represents the seller in this transaction. Marcus Gross, Attorney for Mary H. Finken Estate.
For more info contact Jim Schaben at 712-263-9449.


 

 


 


0