380.95+/- Acres Chickasaw County, IA – AUCTION

Description

High Point Land company is honored to present the Marion Stone Estate, to be offered for sale at live public auction using the “Choice with Privilege” method on March 14, 2023 at the Chickasaw Senior/Event Center located at 301 N. Water Ave, New Hampton, Iowa at 1:00pm. Online bidding will be available for those unable to attend in person.

This is an incredibly rare opportunity to purchase “A” quality land offering incredible netbacks to local grain markets. These farms have been operated by the current long-term tenant, and are located in a very competitive neighborhood; making this land an ideal scenario for both the investor and local operator.

Tract 1 – 151.70+/- Net Taxable Acres (143.29+/- Cropland)

Located just North of New Hampton, Iowa on paved Hwy 63, this tract offers great fertility combined with an ideal proximity to local grain markets. With a CSR2 of 74.2 across the tillable acres, this productive land has excellent access from both Hwy 63 as well as 170th St. With tile projects done over the years, a gentle slope, well-maintained waterways, this is a fantastic piece to add on to any current operation. The buffer strips along the waterway are enrolled in the CRP program, offering additional income of $3,390 paid annually through 9/30/2032. This desirable location and layout of the land also offers excellent opportunities for future building sites. There is also a wind easement in place with additional opportunities for increased review for the buyers! This document is attached.

Buyers of tract one shall receive a rent credit for the 2023 Crop season of $46,569.25; Paid to the buyer in full at closing.

Tract 2 – 71.25+/- Net Taxable Acres (69.98+/- Cropland)

Boasting an incredible 89 CSR2 across the tillable acres, this tract offers some of the most productive soil types found in Chickasaw County.  With long straight rows, excellent access, and extremely high productivity; this flat, black and square tract leaves little to desire. This tract has had tile work done over the years, and has tile records on file with neighboring tracts. The location of this tract can not be overlooked; with quick access to paved Hwy 24, located between New Hampton and Lawler, Iowa, the access to local grain markets could not be better. Whether it’s the beginning farmer, or long term land investor, the size and quality of this tract is exactly what many have been waiting for.

Buyers of tract two shall receive a rent credit for the 2023 Crop season of $31,491; Paid to the buyer in full at closing.

*A survey will be provided for parcel ID 191012100002 as approximately 1.83 gross acres will be kept with the building site not included in this sale, all maps should show approximate property lines

Tract 3 – 158+/- Net Taxable Acres (156.41+/- Cropland)

Not to be outdone, this tract produces an 85.8 CSR2 across its tillable acres. To be able to purchase a farm of this quality in one tract, is a true rarity. With a gentle roll and well-maintained waterways where needed, it is obvious that this productive land has been well cared for. Located just across the road from Tract 2, these tracts offer a great opportunity to be paired together offering a once in a lifetime opportunity to put together over 225+/- Acres of “A” quality Cropland together. With quick access to paved Hwy 24, this tract has the access and the layout to be efficiently farmed by today’s large equipment, and its size justifies potential road time with equipment. There is also a CRP contract offering additional income of $1,262 paid annually through 9/30/2024.

Buyers of tract three shall receive a rent credit for the 2023 Crop season of $64,400.25; Paid to the buyer in full at closing.

It is a rare opportunity for land of this quality to come publicly available, and the quality offered by all three of these tracts offer a once in a lifetime opportunity for the buyer to position themselves and their families for generations to come!

*Additional details to follow on this upcoming auction. It is intended for this land to be offered with the current tenant in place for the 2023 growing season, and there will be proposed restrictions on future construction of CAFOs and manure application. These details will be disclosed on or before auction day.

For more information contact Iowa Land Specialist, Nick Hopp 319-240-6121

Address:  TBD Hwy 24, New Hampton, IA 50659

Directions:  Tract 1 is located just North of New Hampton approximately 2 miles on the corner of Hwy 63 and 170th St. For tract 2 and 3 go East from New Hampton on Hwy 24 for approximately 5 miles, tract 2 will be on the South side of the road directly across from the entrance to the ethanol plant, while tract 3 is located just to the South.

Property Features:

• Ranging from 74-89 CSR2
• Offered in Multiple Tracts
• Excellent access
• Tile projects done throughout ownership
• Excellent proximity to local grain markets
• Tenant in place