Auction details
PUBLIC LAND AUCTION – 419.86 ACRES IN FRANKLIN AND BUTLER COUNTY, IOWA SELLING IN 4 SEPARATE TRACTS
TUESDAY, MARCH 5, 2024 AT 10:30 AM
Location of Auction: Franklin County Convention Center – 1008 Central Ave W, Hampton, IA 50441
ONLINE BIDDING LINK: https://alhughesauction.hibid.com/auctions
Tract 1 – 221.25 Net Taxable Acres
FSA INFORMATION:
Farm #9269 Tract #8737
Farmland: 224.07
Cropland: 181.57
Corn Base: 102.33 PLC Corn: 121
Bean Base: 51.23 PLC Bean: 35
Total Base: 153.56
CSRII on tillable: 64.8
CSRII on taxable: 59.6
Taxes: $5,614 or $25.37/acre
Brief Legal: 28, 33-92N-19W
Ingham Township,
Franklin County IA
Directions to the farm: Drive 1 mile South of Hansell, Iowa on Timber Ave. Turn East on Hwy 3 for 1/2 mile. Farm is on the North side of the road. Signs will be posted!
Tract 2 – 145.18 Net Surveyed Acres M/L
FSA INFORMATION:
Farm #8516 Tract #5495
Farmland: TBS
Cropland: TBS
Corn Base: TBS PLC Corn: TBS
Bean Base: TBS PLC Bean: TBS
CSRII: 57.5
Est. Taxes: $23.62/acre
Brief Legal: 7-92N-18W
Pittsford Township,
Butler County IA
Directions to the farm: 2 miles North of Dumont, Iowa on Clay Ave (T16), then turn West on 180th St for 1-3/4 mile. Farm is on the North side of the road. Signs will be posted!
*Tracts 2 and 3 will be surveyed to complete property split.
Tract 3 – 15.5 Net Surveyed Acres M/L
FSA INFORMATION:
Farm #8516 Tract #5495
Farmland: TBS
Cropland: TBS
Corn Base: TBS PLC Corn: TBS
Bean Base: TBS PLC Bean: TBS
Est. Taxes: $23.62/acre
Brief Legal: 7-92N-18W
Pittsford Township,
Butler County IA
Directions to the farm: 2 miles North of Dumont, Iowa on Clay Ave (T16), then turn West on 180th St for 1-3/4 mile. Farm is on the South side of the road. Signs will be posted!
*Tracts 2 and 3 will be surveyed to complete property split.
Tract 4 – 37.93 Net Taxable Acres
FSA INFORMATION:
Farm #8518 Tract #5057
Farmland: 39.29
Cropland: 37.23
Corn Base: 27.20 PLC Corn: 133
Bean Base: 4.00 PLC Bean: 40
CSRII: 40.5
Taxes: $680 annual or $17.93/acre
Brief Legal: 35-93N-19W
West Fork Township,
Franklin County IA
CRP INFO:
CP21 – 2.36 ACRES @ $292.15 – expires 9-30-2031
CP21 – 3.30 ACRES @ $292.15 – expires 9-30-2031
Directions to the farm: 3 miles west of Aredale on 150th St, which turns to 210th St in Franklin Co. Farm is on the South side of the road. Signs will be posted!
Seller: Charles E. Lakin Human Services Campus Foundation and C E L F I 2, LLC
Auctioneer’s Note: Here is a great opportunity to add land to your farming operation or your investment portfolio. Farms are not rented for the 2024 crop year. Please call with any questions you may have on these 4 tracts of land. Online and in-person bidding will be available at the auction. Information packets will be available upon request.
METHOD OF AUCTION: Farms will be sold on a dollar per acre basis to be multiplied by the net taxable/surveyed acres.
TERMS: 10% down day of auction with balance due at closing on or before April 12, 2024. Abstracts will be provided.
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.
AGENCY: Auctioneer Allan Hughes & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients.
ONLINE BIDDING LINK: https://alhughesauction.hibid.com/auctions
