160+/- Acres Madison County, Nebraska
Selling On Our
UNRESERVED ONLINE AUCTION
December 6, 2022
Bidding opens November 22, 2022, and ends December 6, 2022, at 11:00 a.m. CST
Description: Plan to add this very productive, nice laying, pivot irrigated farm to your operation. This farm is 100% tillable and is located close to ADM and other grain markets. Soils are generally Hobbs Moody, Nora Crofton, and Crofton Nora. The well drilled in 1979 test pumped at 1250 gpm. Included in the sale are an 8-tower Reinke pivot, Cummins power unit w/generator, gearhead w/pump, and fuel barrel. There is a wind lease agreement on this property.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.
Plan to Attend the Informational Meeting & Auction:
BigIron Realty
516 Hale Ave.
Newman Grove, NE 68758
BigIron Realty Agents will be at the BigIron Realty office in Newman Grove, NE, on December 6, 2022, from 8:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist buyers with registering to bid online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning November 22, 2022, and ending December 6, 2022, at 11:00 a.m. CST. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. 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 prior to the auction close or call 800-887-8625 for assistance.
Legal Description: The NE ¼ Section 17-T22N-R4W Madison County, NE, containing 160+/- acres.
2021 Taxes: $8,259.04
Land Location: From Newman Grove, NE, go 8 miles north on Hwy 45, 1mile west to 536 Avenue, then 1 ½ miles north. The farm will be on the west. Or from Tilden, NE, go 10 miles south on Hwy 45 to 833 Road, then 2 miles east to 536 Avenue, then 1 mile south.
Title Services: Boone County Title, Albion, Nebraska.
Dennis Fowlkes 402-741-0809 or John Stock 402-920-3180 or Jim Stock 402-920-0604
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a $100,000.00 non-refundable down payment, to be payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before December 30, 2022. Possession will be on March 1, 2023. Seller will provide a marketable title to the Buyer, evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller. The Seller will pay the 2022 real estate taxes, and the Buyer will pay the 2023 real estate taxes. Property will not be sold subject to financing. Please have all financial arrangements made prior to 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.
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