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592.36+/- Acres Mills County, Iowa
Selling in 7 Tracts On Our
UNRESERVED ONLINE AUCTION
March 9, 2023
Bidding opens February 23, 2023, and ends March 9, 2023, at 1:00 p.m. CDT
Description: This property consists of a total of approximately 592.36+/- acres. These acres are divided into 7 tracts, some of which have been surveyed to determine the exact acres.
This farm is conveniently located just north and northeast of Malvern, IA. Possession is open on all tracts for 2023. All parcels have excellent CSR ratings.
Tract#1: This tract consists of approximately 202.72+/- acres of pasture and dry cropland. The cropland is gently rolling with terraced hills. CSR ratings on parcels in tract 1 range from 82.36 to 90.64. A small part in the West half of Parcel # 0818900 (7.38 acres) has been sold to a cell tower company and is not a part of this offering. It is referred to as Parcel B on the attached survey. Also, tracts 6 and 7, each 2.81 acres, are not a part of tract 1.
This tract features a very attractive building site located in Section 20, Township 72, Range 41, less than 1 mile north of Malvern, Iowa. It is bordered west by 315 Street and south by East Mills Community School, approximately ½ mile north of Malvern, Iowa. There is a 1 ½ story home that was built in 1936. It has not been lived in for several years due to water leakage in the basement. Because of damage caused by the water, the house is being sold AS IS /WHERE IS. There is a detached frame garage built in 1936 on the acreage.
Also included is a square wall building and pens for livestock, which make this the perfect farm and ranch headquarters. The best way to view the pasture and cropland on this property is to look at the drone video of tract #1.
See the survey of tracts 2 and 3 with parts of tracts 1 and 4 at the bottom of the page under additional resources.
See cell tower easement under additional resources below.
The bidding increments will be $100/acre on Tracts 1 thru 5. Bidding increments will be $1000/acre on Tracts 6 & 7. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Malvern Public Library
502Main Street
Malvern, Iowa 51551
BigIron Realty Agents will be at the Malvern Public Library in Malvern, IA, on Thursday, March 9, 2023, from 10:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the property. BigIron Realty Representatives will be there to assist buyers with bidding online. You do not have to be present to bid online, but you must be available by phone.
BIDDING PROCESS: You may place bids on this real estate for 14 days beginning February 23, 2023, and ending March 9, 2023, at 1:00 p.m. This unreserved online auction features bidding extensions. The closing times will be automatically extended when the property receives a bid in the last 5 minutes and close when there is no bid for 5 minutes. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: This tract consists of the following ParcelNumbers in Mills County, IA, containing 202.72+/-acres. Parcel #’s – 081880 / 081890 / 081870 / 081900 / 082000 / & the SW part of 082010.
2022Taxes: Approximately $9,746.00+/-
Owner: Raburn A. Benton Trust
For more information, contact the listing agents:
Ron Stock 402-649-3705 and John Buhl 402-649-3750
Terms: The successful buyer will be required to enter into a written purchase agreement with a 10% Non-Refundable Earnest Deposit payment on the day of the auction. The balance will be due at closing on or before April 12, 2023, with full possession for the 2023 season at closing. The seller will provide a marketable title to the buyer, evidenced by providing a current updated abstract / title insurance to the property. The closing costs will be split 50/50 between the buyer and seller. The seller will pay the 2022 real estate taxes, and the buyer will pay the 2023 taxes. The property will not be sold subject to financing. Please have all financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.
Location
Terms
The successful buyer will be required to enter into a written purchase agreement with a 10% Non-Refundable Earnest Deposit payment on the day of the auction. The balance will be due at closing on or before April 12, 2023, with full possession for the 2023 season at closing. The seller will provide a marketable title to the buyer, evidenced by providing a current updated abstract / title insurance to the property. The closing costs will be split 50/50 between the buyer and seller. The seller will pay the 2022 real estate taxes, and the buyer will pay the 2023 taxes. The property will not be sold subject to financing. Please have all financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.