5 Tracts Boone County Land, South of Cedar Rapids, NE

  • Sold

Auction on January 25, 2018

$2,542,030.00
Address: Boone County
State: Nebraska
 

Property Description

5 Tracts of Boone County Nebraska Land

Selling on UNRESERVED ONLINE AUCTION

Bidding Ends Thursday, January 25, 2018

     Bidding opens January 11 and ends January 25 at 10:00 AM

This farm is selling on an online only auction.  To register and bid, visit www.bigironrealty.com.

BIDDING PROCESS: You may place bids on this farm beginning January 11.  Bidding concludes on January 25th. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled ending time, the bidding period is automatically extended for five more minutes. The extension process will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the last day of the auction to register to bid online. All bidders must be approved to bid.  Register at least 24 hours prior to the last auction day or call 402-564-3369 for assistance.

The bidding increments will be $50 per acre. The final sale price will be calculated on a per acre basis times the highest bid received on each tract.

Please Note the Special Bidding Instructions For Tracts 1, 2 & 3:

The scheduled closing time on Tracts 1, 2 & 3 will each be automatically extended when any one of the tracts receives a bid in the last 5 minutes.  This will allow bidders to monitor each tract without the fear of missing out on one of these tracts.  Tract 1, Tract 2 and Tract 3 will close simultaneously when none of the tracts have received a bid for 5 full minutes.   

Please Note the Special Bidding Instructions on Tracts 4 & 5:

The scheduled closing time on Tracts 4 & 5 will each be automatically extended when any one of the tracts receives a bid in the last 5 minutes.  This will allow bidders to monitor each tract without the fear of missing out on Tract 4 or 5.  Tracts 4 and Tract 5 will close simultaneously when none of the tracts have received a bid for 5 full minutes.   

Attend The Online Auction Information Meeting

BigIron Realty Agents will be at Cedar Valley Center at 306 West Main Street, Cedar Rapids, Nebraska on Wednesday Jan. 24 from 2:30 pm to 5:00 pm and on Thursday Jan. 25 from 8:00 am                                                  until the conclusion of the online auction.  BigIron Representatives will be there to assist buyers with registering to bid online.  Please come during the times to discuss the farm or call Mark Stock, listing agent at 402-276-2077. You do not have to be present to bid online.

See Attachment on website for complete Legal Descriptions

Tract 1:  86.8+/- Acres

Legal Description: Part of the SW ¼ Section 5-18-7W Boone County, NE containing 86.8+/- acres

2017 Real Estate Taxes: $3,678.38

Land Location:  The land is located on the south edge of Cedar Rapids, Nebraska.  Watch for the “for sale” signs.

General Description:  Tract 1 consists of 86.8 acres of farmland.  There are 56.5 certified irrigated acres that is watered with a Zimmatic 7 towner center pivot and water from an irrigation well with a 60 hp electric motor.  The land is level to gently rolling.  The grain elevator is located north of the farm.  Please visit www.bigironrealty.com to review the title insurance commitment and learn about the Cedar Rapids City Well easement and utility easements that are located on this property.

YouTube Video Link: https://youtu.be/z2ntsU0kC4U

Tract 2:   112.29 +/- Acres

Legal Description:  Part of the SE¼ of Section 6-18-7W Boone County, NE containing 112.29+/- acres

2017 Real Estate Taxes:   $5894.18

General Description:  Tract 2 is 112.29 acres with 87.5 certified irrigated acres with remaining acres dry cropland and roads.  There is an irrigation well with a 60 hp electric irrigation motor and an Olson 10 tower center pivot that is included with this tract.  The land is located on the Southwest edge of Cedar Rapids, Nebraska and the local elevator is only a few blocks away.  Please visit www.bigironrealty.com to read the title insurance commitment and review the utility and submersible well easements on this tract.

The farmland and cropland acres for Tract 2 and Tract 3 are combined and will be split at the FSA office.

YouTube Video Link: https://youtu.be/DsGyVBQ7lUI

Tract 3:   23 +/- Acres

Legal Description:  A fraction of the SW¼ NE ¼ of Section 6-18-7W Boone County, NE containing 23+/- acres

2017 Real Estate Taxes:   $1207.27

General Description:  Tract 3 is 23 acres of dry cropland located North of Tract 2.  There is a Farmstead slant wall storage building on this tract.  There is a stock well easement that allows for use of the submersible well on Tract 2 to be used on this tract of land.  The land is located west of the Cemetery by Cedar Rapids, Nebraska.

The farmland and cropland acres for Tract 2 and Tract 3 are combined and will be split at the FSA office.

YouTube Video Link: https://youtu.be/yurm1m_SCik

Tract 4:  160+/- Acres

Legal Description: SW¼ of Section 23-18-8W Boone County, NE containing 160+/- acres

2017 Real Estate Taxes:  $2097.76

General Description:  Tract 4 is currently all pasture.  There is a submersible well in the middle of the tract.  The pasture is 4 way cross fenced.  There is a damn on this tract and trees for shelter.  It is located on a very good gravel road.  There is farm ground around this tract so it has cropland development potential.  There is a history of 29.01 acres cropland on FSA information.

Location:  From Cedar Rapids, Nebraska, go 4 miles west on Hwy 56, then 1 ½ miles south on 140th Ave.  The land is on the east side of the road.

YouTube Video Link: https://youtu.be/lvV_hEgvy9s

Tract 5:  156.21+/- Acres

Legal Description: NW¼ of Section 28-18-8W Boone County, NE containing 156.12+/- acres

2017 Real Estate Taxes:  $1805.12

General Description:  Tract 5 is currently all pasture.  There is a submersible well right by the road with underground pipe to the water tank located where the 4 way cross fence intersects.  There is a dam and some tree cover on this tract.  There is a good gravel road access. There is farm ground all the way around this tract so it has cropland development potential.  The FSA information shows a history of 17.3 acres of cropland.

YouTube Video Link: https://youtu.be/gml_noE-t9U

Location:  From Cedar Rapids, Nebraska, go 6 miles west on HWY 56, then 2 miles south on 120th Ave.  The land is on the east side of the road.

Terms:  The successful high bidder of each tract will be required to enter into a written purchase agreement.  Buyer must make a 15% non-refundable down payment payable to BigIron Realty Trust Account.  The earnest deposit can be made by a personal check, company check or by wire transfer. The balance will be due at closing on or before March 1, 2018. Buyer will receive full possession on March 1, 2018.  Seller will provide marketable title to the buyer evidenced by Title Insurance.  Boone County Title and Escrow will facilitate the closing.  Title insurance and closing costs will be split 50/50 between the buyer and seller on each tract.  The current year real estate taxes will be paid by the Seller and 2018 Real Estate Taxes will be paid by the Buyer.  Property will not be sold subject to financing.  Please have all financial arrangements made prior to the auction.  The written purchase agreement to be signed by the seller and buyer after the auction is the sole and controlling document of this sale and supersedes all terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction.  BigIron Realty is working for the seller.

Seller: Geri A. Jasper and James J. Vanderloop, Trustees of the

Mary Ann Vanderloop Revocable Trust

 

Seller’s Attorney:  Jarecki, Yosten & Maul, P.C., L.L.O.

Title Services:  Boone County Title & Escrow, LLC

For more information, contact listing agent:

Mark Stock 402-276-2077

Property Information

  • Type:

    Farm And Ranch

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