400 Main St. Hornick
IA 51026
Farmland Auction
For: Anthony Tompkins Estate
278 acres +/- along 335th St. Smithland Iowa
Little Sioux Township Woodbury County
Tuesday August 9th, 2022 10:30 a.m.
Hornick Town Hall, 400 Main St. Hornick IA
Total Farm consists of 278.69 acres according to Woodbury County Assessor with 103.49 acres of cropland according to the FSA office. It will be offered as two parcels. Pacel One will consist of 78 Acres +/- with 56.63 acres of cropland. Parcel Two will consist of 200 acres +/- with 46.86 acres of cropland. Parcel Two also includes a residence and several usable outbuilding. This property would make an excellent mixed-use property that could include farm ground, pasture, and hunting ground.
Location: Farm lays approximately four and a half miles west and one mile south of Smithland Iowa. Access to the farm is approximately one and three-quarters miles off Highway 141, making it a desirable location for many purposes.
Preview and Open House: There will be an open house/preview available at the residence and buildings on Sunday, July 31st from 1:00-3:00 p.m.
Net Tax Estimate Parcel One: $2,014.00 Net Tax Estimate Parcel Two: $3742.00
CSR2 Parcel One: 67.8 (according to Surety on cropland) CSR2 Parcel Two: 61.5 (according to Surety on cropland)
Parcel One: 46.72 Corn Base Acres PLC yield 161; 9.91 Soybean Base Acres PLC Yield 45
Parcel Two: 36.57 Corn Base Acres PLC yield 161; 10.29 Soybean Base Acres PLC Yield 45
Terms of Auction: A Two (2) Percent Buyer’s Premium will bid added to the bid amount to determine the Purchase Price. Property will be offered as buyer’s choice of either tract or both tracts with the contract price being that of the bid amount per acre times the stated acreage for chosen parcel(s). Buyer will put 10 percent down non-refundable day of auction and rest due upon merchantable deed and abstract on or before 45 days. Taxes pro-rated to the date of closing. Farm is sold subject to tenant’s rights on the farmland only. Seller will retain 2022 Crop Year cash rent. Possession of residence and buildings will be upon closing. Property is offered in its As-Is Where-Is condition. All information is from reliable sources but is not guaranteed by the Auctioneer or Seller. Announcements day of sale and with the purchase agreement take precedence over all written material.