REAL ESTATE AUCTION-RON LEE, OWNER

77 ACRES SECTION

17 UNION TOWNSHIP, HARRISON CO., IA,

MONDAY, MARCH 17TH, 2025 @ 10:00am

SIMULCAST ONLINE BIDDING AVAILABLE DURING LIVE AUCTION Please go to www.jimschabenrealestate.com for details.

SALE LOCATION: Logan Community Center, 108 4th St., Logan, Iowa

TRACT INFO:

TRACT 1: 77 ACRES CSR2 70

LEGAL DESCRIPTION: The south half of the north east quarter of section 17, Township 78N, Range 42 W, Harrison County, Iowa

FARM LOCATION: From Persia: travel 6 miles west on F58 (Good Enough Rd.) then 1 1/4 miles South on L52 (Rice Ave). Farm is on the West side of Rice Ave.

From Logan: Travel 4 3/4 miles South on L34 (Overton Ave) then East 4 1/2 miles on F58 (Good Enough Rd.) then 1 1/4 miles South on L52 (Rice Ave.) Farm is on the West side of Rice Ave.

PHYSICAL DESCRIPTION: A great 80 acre farm that boasts over 50 acres of its CSR#2 rating above 86. Located 1 1/4 miles from a hard surfaced road.

Soil Types: Dockery-Quiver silt loam, Napier silt loam, Monona silt loam, and Ida silt loam

FSA INFORMATION: Farm #: 6245 Tract# 16920

Farmland: 77.3 Acres

Cropland: 72.55 Acres CSR #2: 70 Corn Base Acres: 35.9 Acres Corn Yield: 184 Bu. Soybean Base Acres: 32.80 Acres Soybean Yield: 52 Bu. TAXABLE ACRES: 77 TAXES: $2,640.00

BIN: Sioux 12,000 Bu., with fan and stirator

TERMS & CONDITIONS:

TERMS: At the conclusion of the auction the buyer(s) will be asked to sign a Real Estate Contract putting 15 percent of the sale price in escrow with Jodee Dixon Attorney. Balance of the funds will be due and payable on or before closing on April, 25th, 2025. Sellers will furnish buyer(s) with abstract showing marketable title and deed. Taxes will be prorated to closing date and paid by sellers.

CLOSING DATE: On or before April 25th, 2025 POSSESSION: New buyers will have immediate possession upon receipt of down payment and full farming rights for crop year 2025.

ADDITIONAL CONDITIONS: Property is being sold “as is” subject to any current right-of-ways or easements. All information has been gathered from sources deemed reliable, however neither Ron Lee nor Schaben Real Estate, LLC make any guarantees, either expressed or implied, as to their accuracy. It is the responsibility of the buyer(s) to exercise due diligence to verify any and all figures. Any announcements made day of sale take precedence over printed material. All bidding increments are at the discretion of Schaben Real Estate, LLC. Successful bidder(s) will enter into a purchase agreement contract at the conclusion of the auction. Sale is not contingent on Buyer(s) financing. AGENCY DISCLOSURE: Schaben Real Estate, LLC represents the seller in this transaction. Jodee Dixon, Attorney for Ron Lee.

SALE MANAGERS NOTES: A great opportunity to purchase a high producing farm that has very good CSR’s and the farm has been operated with good conservation practices.

For more info contact Jim Schaben at 712-263-9449

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