Location: Modale,
82.41 TAXABLE ACRES M/L
Section 22 – CLAY TOWNSHIP HARRISON COUNTY, IOWA
Brief Legal Description: Lot 1 SENW, SESW, Lot 1 NESW and Lot 1 NWSW, all in Section 22, Township 79 North, Range 45 West, Harrison County, Iowa.
Taxable Acres: 82.41 Acres M/L
FSA Information: Farm# 6317 Tract# 5301
Cropland Acres: 76.61 Acres
Corn Base: 42.97 PLC Yield 142 HIP 68
Bean Base: 33.42 PLC Yield 43 HIP 45
CSR2 Rating per Surety Maps: 64.4
Predominant Soil Types:
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Hayne Silt Loam
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Blake Silty Clay Loam
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Albaton Silt Loam/Clay
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Modale Silt Loam
Taxes: $2530.00 – prorated to the date of closing
Drainage paid in 2026: $234.49
2027 CASH RENT INCOME: $19,296
Irrigation well on the property with current permit status
Farm is subject to a 2027 cash-rent lease.. The lease will be assigned to the successful buyer, who will receive 100% of the 2027 cash-rent payment directly from the tenant on March 1, 2027. New buyer will be responsible for terminating the existing tenant for full possession on March 1, 2028.
Terms:
Farm will sell 82.41 acres times the bid.
Seller reserves the right to accept or reject the final bid by 5:00 PM CST on December 11, 2026. No sale is binding until the seller has accepted the bid and a written Real Estate Purchase Agreement has been executed.
Successful bidder shall execute a Purchase Agreement and deposit 10% non refundable earnest money immediately following seller acceptance. Earnest money shall be held in trust by Blair Title & Escrow and credited toward the purchase price at closing.
Closing: Closing on or before January 11th, 2027. Seller will provide an updated abstract. Buyer to provide a title opinion rendered by the attorney of the buyers choice, at the buyers expense. Each party shall be responsible for normal closing costs. Taxes will be prorated to the date of closing. No proration shall be made for drainage taxes.
Agency: Spencer Groups, INC, Farms America INC, Ed Spencer Real Estate, it’s agents and its associates, are agents for, and represent the Seller in this transaction. All bidders shall be considered customers, not clients.
SHARI McFERRIN, SELLER
SPENCER AUCTION GROUP / ED SPENCER REAL ESTATE
322 E. 7th Street • Logan, IA 51546
Office: 712-644-2151