Iowa
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Ag & River Front Land Auction
for the Wilford Ring Estate
Saturday, November 20th @ 10:30 am
Riceville Community Center - Riceville, Iowa
The online bidding link is now active!
Live & Online Bidding!
Tillable & River Frontage Recreation Land!
Current Windmill Income of $2,000 per year
($1000 goes with the home on Tract #2 and the other $1,000 will be prorated amongst the 119 m/l acres)
Current CRP Payment of $195 per acre
Current Taxes for the entire farm are $2,042
UPDATE: CRP is in year 11, or the first year of renewal for another 10 years, According to FSA, buyers wishing to farm any CRP acres must pay back the 2021 payment, liquidated damages, and interest over the past year. Liquidated damages are 25% of the one-year payment.
119 m/l Acres
- Four Tracts will be offered -
Sold subject to survey
Tract #1: 45 m/l Acres (40 acres tillable, currently in CRP)
Tract #2: 43 m/l Acres Building Site, River & Pasture
Tract #3: 31 m/l Acres (mostly tillable, currently in CRP)
Tract #4: Combination of Tracts #1-3 (the starting bid for Tract #4 will be the combined, high bid price of Tract's #1-3 plus a $100 per acre "Combination Privilege")
Located in Sections 33 & 34
Wayne Township, Mitchell County
Street Address: 3089 465th Street, McIntire Iowa
Open houses on Sun, Nov 7th & 14th from noon to 2 pm.
Dress for tours of the property on ATVs!
For questions and more information, contact:
Auctioneer: Frank Fox 641-420-3243
Closing handled by Elwood, O’Donohoe, Braun & White of Cresco
Farm Location Auction Venue Location Real Estate Terms & Conditions Fox Auction Company LLC are agents for the Seller.
A deposit of 10% is due on the day of auction when the successful bidder will execute a standard real estate contract. Buyers shall provide a bank letter of credit in the amount of the deposit or through prior arrangements suitable to sellers and auctioneers. The remainder of the purchase price is due at closing on or about December 27, 2021. Sellers will pay transfer tax and provide a clear marketable title at closing. Real Estate taxes will be prorated to the date of closing. The property is being sold “As is where is”. Closing handled by Brian McPhail of Osage, Iowa. Sellers have the right to reject any or all bids. Statements on the day of the auction will take precedence over all prior communication, written or oral. The information gathered for this brochure is from sources deemed reliable, but Fox Auction Company & the Sellers do not guarantee the accuracy. All prospective buyers should do their own research and independently verify any information on which they are going to base their decision to buy. All acres are considered more or less, The property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The sellers do not warrant or guarantee that existing fences coincide exactly with the rectangular survey lines. Any new fencing, if applicable, will be the responsibility of the purchaser pursuant to Iowa statutes.
