Virtual Online Auction
Sale Date: Tuesday, March 21, 2023
Sale Time: 1:00 PM CST
Seller: Global Investment Properties
184.44 Acres± • 3 Tracts
SOLD!
Tract 1 – $4,400.00 per acre
Tract 2 – $6,150.00 per acre
Tract 3 – $7,450.00 per acre
TOTAL – $1,045,098.00
LOCATION
The Global Investment Properties farms are located in Section 19, T69N•R17W, Appanoose County, Iowa. Located 2 miles north of Centerville, Iowa. From Centerville, Iowa go north 3 miles on St. Hwy. 5 to 490th St. Turn left or west and go a short distance to the farm.
AERIAL VIDEO
TRACT INFORMATION
Tract 1 • 71.36± Taxable Acres
- FSA information indicates 60.82 acres of tillable cropland currently in row crop production.
- The balance of the parcel is in wooded draws, a small creek in the western portion and a pond. The tract features attractive hunting and recreational acreage.
- Seymour, Mystic & Armstrong soils.
- Access is on the north by 490th St.
Tract 2 • 85.64± Taxable Acres
- FSA information indicates 81.54 acres of tillable cropland. The balance of the tract is in waterways.
- Edina, Seymour & Armstrong soils.
- CSR2 is 46.6.
- Access is on the north by 490th St.
Tract 3 • 27.44± Taxable Acres
- FSA information indicates 26.65 acres of tillable cropland, currently in row crop production.
- Seymour, Lineville & Edina soils.
- CSR2 is 58.1.
- This parcel offers several new home buildings sites and a preliminary plat for The Forbush Meadows Subdivision was conducted in 2021.
- Access is on west by St. Hwy. 5 & on the north by 490th St.
METHOD
The Global Investment Properties farms will be sold in 3 individual tracts. All tracts will be sold on a price per acre basis through the marketing method of “Buyer’s Choice”, whereas the high bidder has the privilege to take any or all tracts for their high bid. Buyer’s Choice auctioning will continue until all 3 tracts have been sold. The tracts will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection.
TERMS
Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Friday, April 21, 2023 upon delivery of a merchantable abstract and deed.
At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing. For questions or complete details contact the auction company.
The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.
Global Investment Properties
Representing Attorney:
Fredrikson & Byron, P.A.
Randy J. Zellmer
111 South 2nd Street, Suite 400
Mankato, Minnesota 56001
(507) 344-9000
Auction Representatives:
John Probasco (641) 856-7355
Jim Huff (319) 931-9292
