Documents
217ACRE LEVEY TOWNSHIP SAC COUNTY, IA FARM
To Be Sold At
PUBLIC AUCTION
Tuesday, September 20, 2022 at: 10:00 A.M.
Sale to be conducted at the Wall Lake Community Center, Wall Lake, IA.
Farm is located at 3785 Jackson Avenue, Wall Lake, IA. From Wall Lake, 3 miles West on D59, 1 ¾ miles South on M55.
OPEN HOUSE !
The home & building site on Parcel # 1 will be available for inspection on Tuesday evening, September 6th from 5:00 – 6:30 P.M.
LEGAL DESCRIPTIONS
PARCEL # 1: SW1/4 SW1/4 & South 17 Acres of NW1/4 SW1/4, Section 21, T86N, R37W 5th P.M., Sac County, Iowa
PARCEL # 2: SE1/4 of Section 20, T86N, R37W of 5th P.M., Sac County, Iowa
GENERAL DESCRIPTION & METHOD OF SALE
Farm will be offered as 2 Parcels:
PARCEL # 1: A 57 acre, m/l, parcel with a rural home, outbuildings, cropland and pastureland. The home is a 3 bedroom ranch style home w/full basement and an attached garage. Other improvements include a detached double garage w/additional storage area and a set of older farm type buildings. The portion of this parcel which is in active row crop production (consisting of approx. 31.99 acres) is subject to a cash rent lease in place for 2023. There is no lease in effect for 2023 for the remaining cropland of 5.93 acres which is in hay, along with the pastureland and building site and the Buyer will receive full possession on March 1, 2023 and possession of the home & building site at closing.
PARCEL # 2: A 160 acre, m/l, bare parcel which includes approximately 128.33 cropland acres of which 107.61 are in active row crop production. The active row crop production acres of approx. 107.61 acres are subject to a cash rent lease for 2023. There is no lease in effect for 2023 for the remaining FSA cropland which includes approx. 7 of hay ground, approx.13.72 cropland acres which are currently in grassland and the remaining portion of the farm which is in permanent pastureland and the Buyer will receive full possession on March 1, 2023.
(Note: FSA has these parcels combined and FSA will determine and verify the actual cropland acres between the two parcels). For more information regarding the lease involved with the active land in row crops, contact the Auctioneers.
TERMS OF SALE
The Purchaser(s) shall pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before November 10, 2022. Possession will be given upon closing, subject to the lease which will be assigned to the Buyer in regard to the land in row crop production. Full possession of the building site, hay land and pastureland at closing. Any announcements made day of sale will supersede any advertising.
David Langbein Revocable Trust, Owner
Successor Trustee: Dawn Dorman
Attorney for Seller: Kodi Brotherson; Becker & Brotherson Law Firm, Sac City, IA.
Sale conducted by:
Green Real Estate & Auction Co.
Sac City, IA; Ph. 712-662-4442
Mike Green & Jim Green, Auctioneers
greenrealestate-auction.com
The terms of the auction will be as follows: Purchaser(s) shall pay 10% of the purchase price on
day of sale and sign a standard real estate contract agreeing to pay the balance on or before November
10, 2022. Real Estate taxes will be pro-rated to date of closing. There are no Buyer contingencies of
any kind. All potential bidders are expected to have financial arrangements made prior to bidding.
Auctioneers represent the Seller in this real estate auction and resulting transaction. Any
announcements made day of sale will supersede any advertising.
