Agricultural Land for Auction in Shelby, Iowa

THIS PROPERTY WILL SELL AT AUCTION! THE PRICE SHOWN IS NOT REFLECTIVE OF THE ASKING/SALES PRICE! This farm is an easy investment with one year of interest-free seller financing. The full payment will be due over the course of 12 months. SELLER FINANCING IS NOT OPTIONAL. This farm had lime applied in 2022. Access is in the northeast corner of the farm. The seller will have the east and west boundaries marked by a surveyor. Seller Financing Terms: PLEASE READ- The seller will finance the purchase initially. The terms of the financing will be 10% earnest deposit on the day of the auction. An additional 23% will be due at the closing to complete the initial payment of 33%. An additional 33% will be due on May 15, 2025 and the final 34% of the purchase price will be due on January 15, 2026. All financing is interest free. Legal Description: PT NE SE PARCEL C, PT NW SE PARCEL C, PT SW SE PARCEL C, PT SE SE PARCEL C Section 5-78N-40W Possession Terms: Landlord possession at closing. Closing Date: On or before January 4, 2024 Soil Productivity: 51.2 CSR2 FSA Farmland: 68.01 FSA Cropland: 68.01 Taxes: $2,012 Annual Real Estate Earnest Deposit: 10% due upon Seller's acceptance of your bid