Auction Details

Date: Thursday, October 23, 2014
Time: 10:30 AM
Auction Type: Land/Real Estate Auction

This land sold for $6000.00 per acre. Thank you to the Cox Family for letting us work for you!

Cox Land Auction! 157 Acres in Fremont County! 

Public Land Auction 

157 Net Acres & Homestead

Fisher Township, Fremont County, Iowa

Thursday, October 23rd, 2014 ~ 10:30AM

Location of Land Auction: Elks Lodge #1122, 709 S. Fremont Street, Shenandoah, Iowa 51601

Directions: From Farragut: 2 Miles South on M16 then 2 Miles East on J46 to the Farm. From Shenandoah: 4 Miles South on Hwy 59 then 3 Miles West on J46 to the Farm.

Legal Description: SW 1/4 of Section 21, Township T68N, Range 40W of the 5th P.M., Fremont County, IA.

Farm Address: 2476 390th Avenue, Farragut, Iowa

Net Taxable Acres: 157 Acres

Taxes: $4,878.00 Per Year

FSA Information: Farm#124, Tract #194

Cropland: 141.17 Corn Base: 65.6 Bean Base: 65.6

CSR2: 74.7

HOME INFORMATION

1.5 Story Home / Vinyl Siding, Newer 2 Car detached Garage (24×24), Well-Maintained Older Home, Propane Tank Leased, Window Air – Belongs to Sellers, Older Fuel Oil, Radiator Heat System

Method of Auction: Farm will be sold on a dollar peracre basis to be multiplied by 157 net taxable acres.

Terms: 10% down day of auction with balance due at closing on Tuesday, January 7th, 2015. Abstract to be continued prior to the Auction. Real Estate Taxes paid & pro-rated to 3-1-2015.

Acceptance of bids: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction.

Possession: At closing, Tuesday, January 7th, 2015. Subject to the tenant’s rights to the farm crops, home & building until March 1, 2015. Farm is not rented for 2015 crop year. Full farming possession will be March 1, 2015.

Agency: Auctioneers Al Hughes & Jim Hughes Real Estate are agents for and represent the sellers. All bidders will be considered customers, not clients.

Auctioneer’s Note:

Quality rolling hill farm & well-terraced Farm, 30×36 Machine Shed & 2 Car Detached Garage

Paved Hwy on South Side of the Farm. Chuck & Linda Holman have rented the farm for 47 Years.

Chuck & Linda have maintained the farm & homestead in great condition.

Owners: Tom Cox, Don Cox, & Gena (Cox) Duncan

Gene Eaton: Attorney for Owners

Items to be auctioned