117 S Park Pl. Cresco, Iowa

Phone: (507) 259-5070

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Land Auction July 14, 2016 10 AM CST

July 14, 2016 @ 10:00 am - 3:00 pm

Land Auction — Thursday, July 14th — 10:00 AM

284 Acres m/l – Fayette Co., IA
Jean A. Moritz Estate

Parcel #1: 108 Acres more or less
Highlighted in yellow on map
TILLABLE ACRES: 99.09 Acres m/l
AVERAGE CSR RATING: CSR= 68.5
This includes an easement over the building site driveway to access the 8.05 acres tillable land.

Bid dollar per surveyed acre

Parcel #2: 7 Acres more or less
Highlighted in orange on map
There is an older home and outbuildings on the property. Home has been vacant for some time. Condition of well and septic system are unknown but septic is assumed to not meet state standards. It will be the responsibility of the Buyer to sign an agreement with the Fayette County Sanitarian that either the home will be removed, the septic will be replaced at the Buyer’s expense, or the home will be disconnected from the septic system. Building description from Fayette County Assessor is attached.

Bid dollar amount

Parcel #3: 48 Acres more or less
Highlighted in blue on map
Woods / possible building site / great hunting / access off gravel road Iris Road

Bid dollar per surveyed acre

Parcel #4: 22 Acres more or less
Highlighted in green on map
CRP TREE PROGRAM: 10.82 Acres of CRP tree program.
Annual income of $1,723 until September 30, 2019 / Great Hunting / On the Turkey River/ Easement off driveway for access

Bid dollar per surveyed acre

Parcel #5: 185 Acres more or less
Highlighted in yellow, orange, blue and green on the map
This parcel is a combination of Parcels #1, #2, #3 & #4.
TILLABLE ACRES: 99.09 Acres
AVERAGE CSR2 RATING: CSR2=68.5
CRP TREE PROGRAM: 10.82 Acres of CRP tree program.
Annual income of $1,723 until September 30, 2019 / Great Hunting / On the Turkey River / Building site with older home and outbuildings / Great place to build or for a weekend getaway.

Bid dollar per surveyed acre

Parcel #6: 99 Acres more or less
Highlighted in pink on map
TILLABLE ACRES: 51.87 Acres m/l tillable with balance woods on the Turkey River/Great hunting
AVERAGE CSR2 RATING: CSR2=61.2
There is no easement for access on this parcel.

Bid dollar per surveyed acre

ADDRESS of PROPERTY: 9162 Great River Road West Union, IA

PROPERTY LOCATION: Approximately 7 miles northeast of West Union, Iowa. See attatched google maps for directions.

LEGAL DESCRIPTION: The S1/2 NE 1/4; the NE 1/4, SW 1/4; and the N 1/2 SE 1/4, in Section 15, NA the SW 1/4 NW 1/4Except acres in the NE corner; the NW1/4 SW 1/4 in Section 14, all in Township 95 North, Range 8 West of the 5th P.M., Fayette County, IA (Dover Township).

REAL ESTATE TAXES: To be determined on splits. Current taxes on whole farm $5.318. Taxes will be prorated to date of closing.

Parts of this property are in the flood plain. If you have a mortgage and a home onthe property, you may need fllod insurance. Check with your lender.

Soil information and average CSR information is based on Surety Maps.

LEASE: Farm is leased for the 2016 crop year. Current lease expires March 1, 2017. No lease will be in affect for the 2017 crop year.

SALE SITE: Echo Valley Banquet and Reception Area
10201 Harding Road
West Union, IA 52175

Contact Information:
Burke Real Estate
124 N. Elm. St Cresco, IA 52136

Mark Burke (563)-380-2868
Office (563)547-2554

www. burkerealestatecresco.com

Details

Date:
July 14, 2016
Time:
10:00 am - 3:00 pm